Foxx Development Holdings Stock Market Value
| FOXX Stock | 6.39 3.50 121.11% |
| Symbol | Foxx |
Foxx Development Holdings Price To Book Ratio
Is Computers space 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 Foxx Development. If investors know Foxx 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 Foxx Development listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Foxx Development Holdings is measured differently than its book value, which is the value of Foxx that is recorded on the company's balance sheet. Investors also form their own opinion of Foxx Development's value that differs from its market value or its book value, called intrinsic value, which is Foxx Development'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 Foxx Development's market value can be influenced by many factors that don't directly affect Foxx Development'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 Foxx Development's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foxx Development is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foxx Development'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.
Foxx Development '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 Foxx Development'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 Foxx Development.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Foxx Development on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Foxx Development Holdings or generate 0.0% return on investment in Foxx Development over 150 days. Foxx Development is related to or competes with Verra Mobility, Marchex, Lindblad Expeditions, Magnite, ZhongAn Online, Hafnia, and Procter Gamble. Foxx Development is entity of United States More
Foxx Development 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 Foxx Development'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 Foxx Development Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.69 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 69.35 | |||
| Value At Risk | (14.67) | |||
| Potential Upside | 22.07 |
Foxx Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foxx Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foxx Development's standard deviation. In reality, there are many statistical measures that can use Foxx Development historical prices to predict the future Foxx Development's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.83 | |||
| Total Risk Alpha | (1.27) | |||
| Sortino Ratio | 0.0708 | |||
| Treynor Ratio | (1.29) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foxx Development'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.
Foxx Development Holdings Backtested Returns
Foxx Development is extremely dangerous given 3 months investment horizon. Foxx Development Holdings secures Sharpe Ratio (or Efficiency) of 0.0583, which denotes the company had a 0.0583 % return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Foxx Development Coefficient Of Variation of 2418.16, downside deviation of 9.69, and Mean Deviation of 9.82 to evaluate company specific risk that cannot be diversified away. Foxx Development holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.6, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Foxx Development are expected to decrease at a much lower rate. During the bear market, Foxx Development is likely to outperform the market. Use Foxx Development sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Foxx Development.
Auto-correlation | 0.33 |
Below average predictability
Foxx Development Holdings has below average predictability. Overlapping area represents the amount of predictability between Foxx Development time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Foxx Development Holdings price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Foxx Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Foxx Development Holdings lagged returns against current returns
Autocorrelation, which is Foxx Development 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 Foxx Development's stock expected returns. We can calculate the autocorrelation of Foxx Development returns to help us make a trade decision. For example, suppose you find that Foxx Development 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 |
Foxx Development 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 Foxx Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foxx Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foxx Development stock over time.
Current vs Lagged Prices |
| Timeline |
Foxx Development Lagged Returns
When evaluating Foxx Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foxx Development stock have on its future price. Foxx Development 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, Foxx Development autocorrelation shows the relationship between Foxx Development stock current value and its past values and can show if there is a momentum factor associated with investing in Foxx Development Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Foxx Stock Analysis
When running Foxx Development's price analysis, check to measure Foxx Development'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 Foxx Development is operating at the current time. Most of Foxx Development's value examination focuses on studying past and present price action to predict the probability of Foxx Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foxx Development's price. Additionally, you may evaluate how the addition of Foxx Development to your portfolios can decrease your overall portfolio volatility.