BOX, INC. (BOX) — Stock Correlations & Overview
Over the past year, BOX has moved most closely with WCLD, ASAN, CLOU. Explore the stocks most correlated and inversely correlated with BOX below, along with its price, financials, and company profile.
Stocks correlated with BOX
Correlation of daily returns. Higher positive values move with BOX; negative values move opposite it. Informational only, not investment advice.
Most correlated with BOX
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.76 |
| ASAN | Asana, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.75 |
| CLOU | Global X Cloud Computing ETF | 0.71 |
| VERX | Vertex, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.70 |
| WDAY | Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.70 |
Most inversely correlated with BOX
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.50 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.45 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.40 |
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | -0.38 |
Frequently asked questions about BOX correlations
- Which stocks are most correlated with BOX?
- Based on one year of daily returns, the stocks most correlated with BOX, INC. (BOX) are WCLD (0.76), ASAN (0.75) and CLOU (0.71). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BOX?
- Over the past year, the stocks most inversely correlated with BOX, INC. (BOX) are WEBS (-0.50), HDGE (-0.50) and DWSH (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BOX correlations calculated?
- We compute the correlation of daily returns between BOX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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