Fox Factory Correlations

Stocks . USA . 
Stock . Fox Factory Holding
FOXF Stock  USD 25.02  0.12  0.48%   
The current 90-days correlation between Fox Factory Holding and Dorman Products is 0.35 (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 0.41 (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.
  
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

  0.62VC Visteon CorpPairCorr
  0.88BWA BorgWarnerPairCorr
  0.88MGA Magna InternationalPairCorr
  0.79MOD Modine ManufacturingPairCorr
  0.93GNTX GentexPairCorr
  0.7INVZ Innoviz TechnologiesPairCorr
  0.82NWTN NWTN Class BPairCorr
  0.7VFSWW VinFast AutoPairCorr
  0.72RIVN Rivian Automotive Buyout TrendPairCorr
  0.67ADNT Adient PLC Potential GrowthPairCorr
  0.83TSLA Tesla Inc Buyout TrendPairCorr
  0.75M Macys IncPairCorr
  0.64W Wayfair Buyout TrendPairCorr
  0.71BC BrunswickPairCorr
  0.71RH RH Earnings Call This WeekPairCorr
  0.86UA Under Armour CPairCorr
  0.88DOOO BRP Inc Earnings Call This WeekPairCorr
  0.86VSCO Victorias SecretPairCorr
  0.75EEIQ Elite Education GroupPairCorr
  0.65WEYS Weyco GroupPairCorr
  0.64ETSY Etsy IncPairCorr

Moving against Fox Stock

  0.72JD JD Inc AdrPairCorr
  0.66IH Ihuman IncPairCorr
  0.65LI Li AutoPairCorr
  0.64APTV Aptiv PLC Sell-off TrendPairCorr
  0.63DAN Dana IncPairCorr
  0.61XOSWW Xos Equity WarrantsPairCorr
  0.48GV Visionary EducationPairCorr
  0.87VSTA Vasta PlatformPairCorr
  0.82AGS PlayAGSPairCorr
  0.78VIPS Vipshop HoldingsPairCorr
  0.78AZO AutoZonePairCorr
  0.68EVRI Everi HoldingsPairCorr
  0.66ADT ADT IncPairCorr
  0.35BDL Flanigans EnterprisesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
+ 0.81
MBUU
IBP
+ 0.63
MBUU
MBUU
+ 0.54
DORM
IBP
+ 0.53
DORM
LCII
+ 0.43
IBP
LCII
+ 0.37
DORM
  
High negative correlations   
EXLS
- 0.04
DORM

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY