Fox Factory Correlations

FOXF Stock

USD 27.51 1.42 4.91%

The current 90-days correlation between Fox Factory Holding and Dorman Products is -0.15 (i.e., Good 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 good diversification

The correlation between Fox Factory Holding and DJI is -0.33 (i.e., Very good 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.

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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

0.86	F	Ford Motor Earnings Call This Week	Pair Corr
0.92	GM	General Motors Earnings Call This Week	Pair Corr
0.62	GT	Goodyear Tire Rubber	Pair Corr
0.79	LI	Li Auto	Pair Corr
0.63	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.87	VC	Visteon Corp	Pair Corr
0.8	ZK	ZEEKR Intelligent	Pair Corr
0.77	DORM	Dorman Products	Pair Corr
0.76	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.68	FLYE	Fly E Group,	Pair Corr
0.91	ALV	Autoliv Earnings Call This Week	Pair Corr
0.82	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.94	BWA	BorgWarner	Pair Corr
0.76	CPS	Cooper Stnd	Pair Corr
0.91	DAN	Dana Inc Potential Growth	Pair Corr
0.87	ECX	ECARX Holdings Class	Pair Corr
0.83	MBLY	Mobileye Global Class	Pair Corr
0.86	MPAA	Motorcar Parts	Pair Corr
0.83	NWTN	NWTN Class B	Pair Corr
0.94	H	Hyatt Hotels	Pair Corr
0.75	M	Macys Inc	Pair Corr
0.91	W	Wayfair	Pair Corr
0.71	DIBS	1StdibsCom	Pair Corr
0.9	AN	AutoNation Earnings Call This Week	Pair Corr
0.9	AS	Amer Sports,	Pair Corr
0.95	BC	Brunswick	Pair Corr
0.81	BH	Biglari Holdings	Pair Corr
0.64	EM	Smart Share Global	Pair Corr
0.86	FL	Foot Locker	Pair Corr

Moving against Fox Stock

0.7	EVTV	Envirotech Vehicles	Pair Corr
0.64	ECDA	ECD Automotive Design	Pair Corr
0.58	MULN	Mullen Automotive	Pair Corr
0.82	SG	Sweetgreen	Pair Corr
0.78	DNUT	Krispy Kreme	Pair Corr
0.42	JD	JD Inc Adr	Pair Corr

Related Correlations Analysis

	DORM	MBUU	IBP	EXLS	LCII
DORM		0.69	0.12	0.37	0.77	DORM
MBUU	0.69		0.7	0.21	0.92	MBUU
IBP	0.12	0.7		-0.24	0.63	IBP
EXLS	0.37	0.21	-0.24		0.09	EXLS
LCII	0.77	0.92	0.63	0.09		LCII
	DORM	MBUU	IBP	EXLS	LCII

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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

LCII	+ 0.92	MBUU
LCII	+ 0.77	DORM
IBP	+ 0.7	MBUU
MBUU	+ 0.69	DORM
LCII	+ 0.63	IBP
EXLS	+ 0.37	DORM

High negative correlations

EXLS

- 0.24

IBP

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	1.38	(0.07)	(0.06)	0.16	1.81	(1.34)	2.46	(2.88)	10.18
MBUU	2.33	0.71	0.08	(0.52)	2.34	(2.81)	4.52	(4.61)	19.16
IBP	2.20	0.46	0.03	(0.64)	2.30	(2.55)	5.31	(4.46)	15.04
EXLS	1.40	0.13	(0.11)	(0.04)	2.06	(1.51)	2.09	(3.52)	13.71
LCII	1.81	0.20	0.12	0.44	1.47	(2.13)	4.88	(2.59)	13.96

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