BOXL vs BRNX: Correlation
Measured on weekly returns over the past three years, Boxlight Corporation (BOXL) and BrenX Ltd. (BRNX) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOXL and BRNX?
On 3 years of weekly data the BOXL/BRNX correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.51). The 5-year figure is 0.47, and annualized covariance runs at 36294.7 %².
In BOXL's tracked universe of 10 assets, BRNX sits right near the top at #3. Neither side won the trailing year by much: -90.8% against -94.9%. Note the risk asymmetry: BRNX runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BOXL vs BRNX: side by side
| BOXL (Boxlight Corporation) | BRNX (BrenX Ltd.) | |
|---|---|---|
| 1-year return | -90.8% | -94.9% |
| 5-year return | -99.8% | -99.9% |
| Volatility (ann.) | 131.7% | 539.2% |
| Beta vs S&P 500 | 1.16 | 1.25 |
| Max drawdown (3Y) | -99.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOXL | BRNX |
|---|---|---|
| 2022 | -77.5% | – |
| 2023 | -57.0% | -57.4% |
| 2024 | -64.3% | -77.8% |
| 2025 | -85.2% | -92.4% |
| 2026 | -40.2% | -77.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOXL and BRNX good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BOXL and BRNX?
The BOXL/BRNX correlation stands at 0.51 on a 3-year window (1 year: 0.63, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is BRNX a good diversifier for BOXL?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/boxl-vs-brnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boxl-vs-brnx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOXL correlations · BRNX correlations
