Fox Factory Holding Stock Market Value
FOXF Stock | USD 40.22 0.23 0.57% |
Symbol | Fox |
Fox Factory Holding Price To Book Ratio
Is Fox Factory's 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 Fox Factory. If investors know Fox 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 Fox Factory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share 2.85 | Revenue Per Share 34.61 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0574 |
The market value of Fox Factory Holding is measured differently than its book value, which is the value of Fox that is recorded on the company's balance sheet. Investors also form their own opinion of Fox Factory's value that differs from its market value or its book value, called intrinsic value, which is Fox Factory's 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 Fox Factory's market value can be influenced by many factors that don't directly affect Fox Factory's 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 Fox Factory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fox Factory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fox Factory's 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.
Fox Factory 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fox Factory's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fox Factory.
03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Fox Factory on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fox Factory Holding or generate 0.0% return on investment in Fox Factory over 30 days. Fox Factory is related to or competes with Ford, GM, Goodyear Tire, Li AutoInc, Toyota, and ECD Automotive. Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide More
Fox Factory Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fox Factory's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fox Factory Holding upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.16) | |||
Maximum Drawdown | 32.57 | |||
Value At Risk | (6.82) | |||
Potential Upside | 3.75 |
Fox Factory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fox Factory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fox Factory's standard deviation. In reality, there are many statistical measures that can use Fox Factory historical prices to predict the future Fox Factory's volatility.Risk Adjusted Performance | (0.08) | |||
Jensen Alpha | (0.79) | |||
Total Risk Alpha | (1.13) | |||
Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fox Factory's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fox Factory Holding Backtested Returns
Fox Factory Holding secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Fox Factory Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fox Factory's Variance of 17.94, mean deviation of 2.39, and Standard Deviation of 4.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.45, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fox Factory will likely underperform. Fox Factory Holding has an expected return of -0.62%. Please make sure to confirm Fox Factory Holding value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Fox Factory Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Fox Factory Holding has excellent predictability. Overlapping area represents the amount of predictability between Fox Factory time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fox Factory Holding price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Fox Factory price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.92 | |
Spearman Rank Test | 0.86 | |
Residual Average | 0.0 | |
Price Variance | 0.59 |
Fox Factory Holding lagged returns against current returns
Autocorrelation, which is Fox Factory stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fox Factory's stock expected returns. We can calculate the autocorrelation of Fox Factory returns to help us make a trade decision. For example, suppose you find that Fox Factory has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Fox Factory regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fox Factory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fox Factory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fox Factory stock over time.
Current vs Lagged Prices |
Timeline |
Fox Factory Lagged Returns
When evaluating Fox Factory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fox Factory stock have on its future price. Fox Factory autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fox Factory autocorrelation shows the relationship between Fox Factory stock current value and its past values and can show if there is a momentum factor associated with investing in Fox Factory Holding.
Regressed Prices |
Timeline |
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When running Fox Factory's price analysis, check to measure Fox Factory's 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 Fox Factory is operating at the current time. Most of Fox Factory's value examination focuses on studying past and present price action to predict the probability of Fox Factory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fox Factory's price. Additionally, you may evaluate how the addition of Fox Factory to your portfolios can decrease your overall portfolio volatility.
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