Box Related Correlations

BOX Stock  USD 28.32  0.08  0.28%   
Generate correlation matrix for Box and other related equities to check the degree to which Box Inc price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Box Inc. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Box Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
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Is Box's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Box. If investors know Box will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Box listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.493
Earnings Share
0.67
Revenue Per Share
7.196
Quarterly Revenue Growth
0.025
Return On Assets
0.0259
The market value of Box Inc is measured differently than its book value, which is the value of Box that is recorded on the company's balance sheet. Investors also form their own opinion of Box's value that differs from its market value or its book value, called intrinsic value, which is Box's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Box's market value can be influenced by many factors that don't directly affect Box's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Box's value and its price as these two are different measures arrived at by different means. Investors typically determine if Box is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Box's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VMDSKYW
MMSITFX
CPIXMMSI
LUVCPIX
LUVMMSI
LUVSKYW
  
High negative correlations   
TFXSKYW
VMDTFX
MMSISKYW
VMDMMSI
CPIXVMD
VMDJETMF

Risk-Adjusted Indicators

There is a big difference between Box Stock performing well and Box Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Box's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.