FOXO Technologies Correlations
| FOXO Stock | USD 0.30 0.01 3.23% |
The correlation of FOXO Technologies 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FOXO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FOXO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between FOXO Technologies and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FOXO Technologies and NYA in the same portfolio, assuming nothing else is changed.
FOXO |
The ability to find closely correlated positions to FOXO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FOXO Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FOXO Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FOXO Technologies to buy it.
Moving together with FOXO Stock
| 0.62 | DOCS | Doximity Upward Rally | PairCorr |
| 0.72 | VEEV | Veeva Systems Class Financial Report 29th of May 2024 | PairCorr |
| 0.66 | ENSG | Ensign Group | PairCorr |
| 0.69 | CVS | CVS Health Corp | PairCorr |
| 0.72 | MOH | Molina Healthcare | PairCorr |
Moving against FOXO Stock
| 0.53 | ELV | Elevance Health Financial Report 17th of July 2024 | PairCorr |
| 0.53 | HAE | Haemonetics | PairCorr |
| 0.47 | EHC | Encompass Health Corp | PairCorr |
| 0.51 | BBLGW | Bone Biologics Corp Trending | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FOXO Stock performing well and FOXO Technologies 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 FOXO Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEAT | 3.81 | 0.15 | 0.06 | 0.16 | 4.00 | 8.97 | 34.20 | |||
| EUDA | 3.97 | 0.79 | 0.14 | 1.85 | 3.88 | 9.83 | 25.72 | |||
| UTRS | 6.18 | (1.39) | 0.00 | (0.66) | 0.00 | 13.64 | 64.17 | |||
| NUTX | 4.27 | (1.40) | 0.00 | (0.52) | 0.00 | 6.25 | 39.14 | |||
| HCTI | 4.73 | (2.00) | 0.00 | 2.24 | 0.00 | 5.83 | 28.05 | |||
| MGRX | 4.76 | (0.01) | 0.00 | 0.08 | 5.20 | 10.53 | 32.00 | |||
| ETAO | 9.09 | (1.04) | 0.00 | (0.19) | 0.00 | 13.87 | 145.42 | |||
| SNCE | 3.44 | 0.37 | 0.05 | (9.14) | 3.67 | 9.41 | 43.58 | |||
| ACON | 6.71 | (1.61) | 0.00 | 1.20 | 0.00 | 14.29 | 60.44 | |||
| AUGX | 3.93 | (1.74) | 0.00 | (1.33) | 0.00 | 4.93 | 69.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FOXO Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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FOXO Technologies Corporate Management
Elected by the shareholders, the FOXO Technologies' board of directors comprises two types of representatives: FOXO Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FOXO. The board's role is to monitor FOXO Technologies' management team and ensure that shareholders' interests are well served. FOXO Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FOXO Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian Chen | Chief Officer | Profile | |
| Steven Sabes | Chief Officer | Profile | |
| Tyler Danielson | CTO CEO | Profile | |
| Robert Potashnick | Chief Officer | Profile | |
| Martin FCA | Interim Officer | Profile | |
| Jim Grauel | Chief Officer | Profile | |
| Susan Neo | Chief Officer | Profile |
Already Invested in FOXO Technologies?
The danger of trading FOXO Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FOXO Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FOXO Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FOXO Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether FOXO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FOXO Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Foxo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Foxo Technologies Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FOXO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. To learn how to invest in FOXO Stock, please use our How to Invest in FOXO Technologies guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running FOXO Technologies' price analysis, check to measure FOXO Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FOXO Technologies is operating at the current time. Most of FOXO Technologies' value examination focuses on studying past and present price action to predict the probability of FOXO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FOXO Technologies' price. Additionally, you may evaluate how the addition of FOXO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is FOXO Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FOXO Technologies. If investors know FOXO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FOXO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 37.17 | Revenue Per Share 0.142 | Quarterly Revenue Growth (0.29) | Return On Assets (0.62) | Return On Equity (17.55) |
The market value of FOXO Technologies is measured differently than its book value, which is the value of FOXO that is recorded on the company's balance sheet. Investors also form their own opinion of FOXO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FOXO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FOXO Technologies' market value can be influenced by many factors that don't directly affect FOXO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FOXO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FOXO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FOXO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.