Fox Factory Correlations

FOXF Stock

USD 25.87 1.20 4.86%

The current 90-days correlation between Fox Factory Holding and Dorman Products is -0.05 (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

Good diversification

The correlation between Fox Factory Holding and DJI is -0.1 (i.e., 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.

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 consumer price index.

Moving against Fox Stock

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0.43	RCAT	Red Cat Holdings Buyout Trend	Pair Corr
0.38	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.32	RFIL	RF Industries	Pair Corr
0.76	EONR	EON Resources	Pair Corr
0.68	WAFU	Wah Fu Education	Pair Corr
0.62	RR	Richtech Robotics Class Aggressive Push	Pair Corr
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0.45	DOMH	Dominari Holdings	Pair Corr
0.45	DSVSF	Discovery Metals Corp	Pair Corr
0.41	BMEZ	BlackRock Health Sciences	Pair Corr
0.38	CARV	Carver Bancorp	Pair Corr
0.38	PBNAF	Pembina Pipeline	Pair Corr
0.33	DPUI	Discount Print USA	Pair Corr

Related Correlations Analysis

	DORM	MBUU	IBP	EXLS	LCII
DORM		0.0	0.95	0.22	0.58	DORM
MBUU	0.0		0.07	0.15	0.52	MBUU
IBP	0.95	0.07		0.07	0.59	IBP
EXLS	0.22	0.15	0.07		0.27	EXLS
LCII	0.58	0.52	0.59	0.27		LCII
	DORM	MBUU	IBP	EXLS	LCII

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

IBP	+ 0.95	DORM
LCII	+ 0.59	IBP
LCII	+ 0.58	DORM
LCII	+ 0.52	MBUU
LCII	+ 0.27	EXLS
EXLS	+ 0.22	DORM

High negative correlations

MBUU

- 0.0

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DORM	1.61	0.21	0.17	0.16	1.35	(1.93)	4.77	(2.48)	11.40
MBUU	2.34	(0.20)	0.00	(0.01)	0.00	0.00	5.48	(3.88)	26.50
IBP	2.01	0.32	0.15	0.32	1.74	(2.24)	4.16	(3.81)	25.25
EXLS	1.13	(0.11)	0.00	(0.03)	0.00	0.00	1.98	(2.92)	7.70
LCII	1.36	(0.12)	0.00	(0.01)	0.00	0.00	3.64	(2.69)	9.53

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