Foxx Development Correlations
| FOXXW Stock | 0.12 0.04 25.00% |
The current 90-days correlation between Foxx Development Holdings and Aviat Networks is 0.25 (i.e., Modest diversification). The correlation of Foxx Development 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Foxx Development Correlation With Market
Weak diversification
The correlation between Foxx Development Holdings and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foxx Development Holdings and DJI in the same portfolio, assuming nothing else is changed.
Moving against Foxx Stock
| 0.33 | BULLW | Webull Warrants Trending | PairCorr |
| 0.36 | CLSKW | CleanSpark, Warrant | PairCorr |
| 0.33 | CORZZ | Core Scientific, Tranche | PairCorr |
| 0.33 | PTAIY | Astra International Tbk | PairCorr |
Related Correlations Analysis
| 0.93 | 0.91 | 0.45 | -0.71 | 0.0 | 0.91 | AVNW | ||
| 0.93 | 0.91 | 0.47 | -0.67 | 0.0 | 0.94 | JBL | ||
| 0.91 | 0.91 | 0.49 | -0.68 | 0.0 | 0.92 | AKTAF | ||
| 0.45 | 0.47 | 0.49 | 0.17 | 0.0 | 0.65 | NBR | ||
| -0.71 | -0.67 | -0.68 | 0.17 | 0.0 | -0.52 | HP | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EGDFF | ||
| 0.91 | 0.94 | 0.92 | 0.65 | -0.52 | 0.0 | TS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Foxx Stock performing well and Foxx Development 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 Foxx Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVNW | 1.60 | 0.42 | 0.21 | 0.76 | 1.36 | 4.35 | 8.86 | |||
| JBL | 1.31 | 0.67 | 0.58 | 0.82 | 0.00 | 3.95 | 10.46 | |||
| AKTAF | 1.60 | 0.57 | 0.21 | (3.29) | 1.16 | 4.20 | 10.02 | |||
| NBR | 3.71 | 0.03 | 0.01 | 0.16 | 4.47 | 7.65 | 17.51 | |||
| HP | 2.45 | (0.36) | 0.00 | (0.34) | 0.00 | 5.38 | 13.67 | |||
| EGDFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TS | 1.21 | 0.23 | 0.11 | 1.16 | 0.94 | 2.43 | 8.08 |
Foxx Development Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Foxx Development stock to make a market-neutral strategy. Peer analysis of Foxx Development could also be used in its relative valuation, which is a method of valuing Foxx Development by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Foxx Development Corporate Executives
Elected by the shareholders, the Foxx Development's board of directors comprises two types of representatives: Foxx Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Foxx. The board's role is to monitor Foxx Development's management team and ensure that shareholders' interests are well served. Foxx Development's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Foxx Development's outside directors are responsible for providing unbiased perspectives on the board's policies.