Fox Factory Correlations

FOXF Stock

USD 22.21 0.94 4.06%

The current 90-days correlation between Fox Factory Holding and Dorman Products is 0.37 (i.e., Weak diversification). The correlation of Fox Factory is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Fox Factory Correlation With Market

Very weak diversification

The correlation between Fox Factory Holding and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fox Factory Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fox Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fox Factory Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Fox Stock

0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PBCRY	Bank Central Asia	Pair Corr

Moving against Fox Stock

0.84	SSVFF	Southern Silver Expl	Pair Corr
0.78	RCAT	Red Cat Holdings	Pair Corr
0.71	UI	Ubiquiti Networks	Pair Corr
0.66	SSNLF	Samsung Electronics	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.53	FNMFO	Federal National Mortgage	Pair Corr
0.51	MPAA	Motorcar Parts	Pair Corr
0.49	ACSAY	ACS Actividades De	Pair Corr
0.48	TR	Tootsie Roll Industries	Pair Corr
0.46	NTIP	Network 1 Technologies	Pair Corr
0.39	RFIL	RF Industries	Pair Corr
0.36	SMP	Standard Motor Products	Pair Corr
0.83	EONR	EON Resources	Pair Corr
0.81	WAFU	Wah Fu Education	Pair Corr
0.8	RR	Richtech Robotics Class	Pair Corr
0.77	KTOS	Kratos Defense Security	Pair Corr
0.67	DSVSF	Discovery Metals Corp	Pair Corr
0.62	BMEZ	BlackRock Health Sciences	Pair Corr
0.54	94986RYP0	US94986RYP09	Pair Corr
0.53	DOMH	Dominari Holdings	Pair Corr
0.47	CARV	Carver Bancorp	Pair Corr
0.47	LLY	Eli Lilly	Pair Corr
0.46	DPUI	Discount Print USA	Pair Corr
0.44	PBNAF	Pembina Pipeline	Pair Corr

Related Correlations Analysis

	DORM	MBUU	IBP	EXLS	LCII
DORM		0.03	0.94	0.53	0.46	DORM
MBUU	0.03		0.1	0.3	0.68	MBUU
IBP	0.94	0.1		0.43	0.47	IBP
EXLS	0.53	0.3	0.43		0.57	EXLS
LCII	0.46	0.68	0.47	0.57		LCII
	DORM	MBUU	IBP	EXLS	LCII

Risk-Adjusted Indicators

There is a big difference between Fox Stock performing well and Fox Factory 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 Fox Factory'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DORM	1.65	0.16	0.09	0.10	1.77	(1.90)	4.77	(2.95)	12.95
MBUU	2.36	(0.33)	0.00	(0.09)	0.00	0.00	5.48	(4.17)	26.50
IBP	2.03	0.28	0.13	0.27	1.77	(2.38)	3.56	(3.81)	25.25
EXLS	1.17	(0.16)	0.00	(0.11)	0.00	0.00	1.98	(2.92)	6.31
LCII	1.30	(0.28)	0.00	(0.12)	0.00	0.00	2.72	(2.71)	10.49

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