BOX vs OOMA: Correlation
Box, Inc. (BOX) and Ooma, Inc. (OOMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOX and OOMA?
Over the past 3 years, BOX and OOMA moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 587.7 %².
Among the 11 assets we track against BOX, OOMA ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OOMA outperformed by 67.3 percentage points (+7.0% for BOX against +74.3% for OOMA).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BOX vs OOMA: side by side
| BOX (Box, Inc.) | OOMA (Ooma, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +74.3% |
| 5-year return | +35.7% | +23.7% |
| Volatility (ann.) | 31.3% | 38.7% |
| Beta vs S&P 500 | 0.61 | 0.76 |
| Max drawdown (3Y) | -44.6% | -53.4% |
| Market cap | $4.8B | $0.6B |
| P/E (trailing) | 48.9 | 62.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOX | OOMA |
|---|---|---|
| 2022 | +18.9% | -33.4% |
| 2023 | -17.7% | -21.2% |
| 2024 | +23.4% | +31.0% |
| 2025 | -5.3% | -16.6% |
| 2026 | +16.1% | +96.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOX and OOMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BOX and OOMA?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.57 over the last year and 0.36 over 5 years.
Is OOMA a good diversifier for BOX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BOX correlations · OOMA correlations
