Fox Factory Correlations

Stocks . USA . 
Stock . Fox Factory Holding
FOXF Stock  USD 32.30  0.57  1.80%   
The current 90-days correlation between Fox Factory Holding and Dorman Products is 0.05 (i.e., Significant 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 0.55 (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

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Moving against Fox Stock

  0.79DORM Dorman ProductsPairCorr
  0.49MGA Magna InternationalPairCorr
  0.39ALV AutolivPairCorr
  0.38ZK ZEEKR IntelligentPairCorr
  0.74NWTN NWTN Class BPairCorr
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  0.73TSLA Tesla Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.7BH Biglari HoldingsPairCorr
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  0.55RL Ralph Lauren CorpPairCorr
  0.49CENN Cenntro ElectricPairCorr

Related Correlations Analysis

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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   
EXLS
+ 0.92
DORM
EXLS
+ 0.78
MBUU
LCII
+ 0.67
IBP
MBUU
+ 0.66
DORM
LCII
+ 0.22
MBUU
IBP
+ 0.15
MBUU
  
High negative correlations   
IBP
- 0.34
DORM
EXLS
- 0.26
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.

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