FOXF continues to mint money for it's investors
11 Dec, 201813 min read
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FOX FACTORY HOLDING CORP delivered good returns today. It grew by +2.03% to close at 65.49. It's recent 5 day performance has been +4.04%, -3.67%, +1.26%, -2.54% and +1.87%.
FOXF is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning -3.9%) for FOXF's investors than trading long signals.
FOXF has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, FOXF outperformed the SP500 index on 53% days.
During the last three months FOXF was mostly profitable and delivered on average -0.0% per day. It's best return during this period (of +17.59%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -7.71%) was on Tuesday, 20 Nov, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -14.51% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +32.8% to investors.
FOXF had 7 profitable and 5 loss making months over the last year. During the last year, FOXF underperformed SP500 index on monthly return basis. FOXF significantly outperformed SP500 index in Aug 2018, when it returned +32.9% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FOXF had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Outcome is simply the final score: Who won the game; what numbers came up in a roll of the dice; how high did a stock go. Outcome is the result, regardless of the method used to achieve it. It is not controllable.
-- Barry Ritholtz
FOXF is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in FOXF's volatility from 26 Sep, 2018 to 20 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that FOXF has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
SP500 index has more chance of extreme outcomes than FOXF. Therefore, SP500 must receive a lower allocation than FOXF in your portfolio. SP500 index usually has shorter drawdown period than FOXF.
Based on your interest in FOXF you may find it interesting to know that VIPS and ICPT are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).
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