Foxx Development Correlations

FOXXW Stock

0.12 0.03 20.00%

The current 90-days correlation between Foxx Development Holdings and Foxx Development Holdings is -0.01 (i.e., Good 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

Good diversification

The correlation between Foxx Development Holdings and DJI is -0.12 (i.e., Good 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foxx Development Holdings. 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.

Related Correlations Analysis

	FOXX	HPE-PC	ROK	VRSN	RGTI	MS-PA	FDX	TSSI	AMPX	WFC
FOXX		-0.49	-0.8	-0.43	-0.47	-0.82	-0.64	-0.73	-0.65	-0.84	FOXX
HPE-PC	-0.49		0.64	0.5	0.39	0.51	0.39	0.53	0.58	0.56	HPE-PC
ROK	-0.8	0.64		0.51	0.41	0.77	0.64	0.6	0.48	0.81	ROK
VRSN	-0.43	0.5	0.51		0.88	0.64	-0.06	0.68	0.64	0.26	VRSN
RGTI	-0.47	0.39	0.41	0.88		0.67	0.0	0.8	0.73	0.31	RGTI
MS-PA	-0.82	0.51	0.77	0.64	0.67		0.42	0.77	0.59	0.71	MS-PA
FDX	-0.64	0.39	0.64	-0.06	0.0	0.42		0.38	0.42	0.88	FDX
TSSI	-0.73	0.53	0.6	0.68	0.8	0.77	0.38		0.84	0.63	TSSI
AMPX	-0.65	0.58	0.48	0.64	0.73	0.59	0.42	0.84		0.64	AMPX
WFC	-0.84	0.56	0.81	0.26	0.31	0.71	0.88	0.63	0.64		WFC
	FOXX	HPE-PC	ROK	VRSN	RGTI	MS-PA	FDX	TSSI	AMPX	WFC

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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

RGTI	+ 0.88	VRSN
WFC	+ 0.88	FDX
AMPX	+ 0.84	TSSI
WFC	+ 0.81	ROK
TSSI	+ 0.8	RGTI
MS-PA	+ 0.77	ROK

High negative correlations

WFC	- 0.84	FOXX
MS-PA	- 0.82	FOXX
ROK	- 0.8	FOXX
TSSI	- 0.73	FOXX
AMPX	- 0.65	FOXX
FDX	- 0.64	FOXX

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
FOXX	7.26	(0.35)	0.00	0.60	0.00	0.00	21.21	(14.67)	69.35
HPE-PC	1.40	0.10	0.05	1.11	1.84	(1.42)	2.91	(3.52)	12.77
ROK	1.20	0.10	0.07	1.60	1.31	(1.34)	2.70	(1.87)	14.96
VRSN	1.05	0.18	0.15	2.57	0.98	(1.23)	2.84	(2.09)	6.81
RGTI	11.54	5.99	0.63	(1.99)	7.25	(15.15)	36.04	(10.24)	88.17
MS-PA	0.38	0.08	0.16	0.33	0.32	(0.41)	0.87	(0.78)	2.64
FDX	0.91	0.08	0.05	0.54	1.29	(0.87)	1.80	(2.12)	7.14
TSSI	5.20	1.33	0.18	2.01	6.06	(6.30)	15.26	(7.46)	46.49
AMPX	7.50	2.30	0.38	(2.83)	5.21	(9.88)	24.74	(8.96)	53.38
WFC	1.32	0.42	0.32	6.28	0.89	(1.54)	3.59	(1.63)	16.76

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.

Yi Hua

Chairwoman CFO

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