FORWARD AIR (Germany) Market Value
| FA2 Stock | EUR 32.20 1.20 3.59% |
| Symbol | FORWARD |
Please note, there is a significant difference between FORWARD AIR's value and its price as these two are different measures arrived at by different means. Investors typically determine if FORWARD AIR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FORWARD AIR'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.
FORWARD AIR '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 FORWARD AIR'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 FORWARD AIR.
| 05/20/2024 |
| 11/16/2024 |
If you would invest 0.00 in FORWARD AIR on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding FORWARD AIR P or generate 0.0% return on investment in FORWARD AIR over 180 days. FORWARD AIR is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
FORWARD AIR 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 FORWARD AIR'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 FORWARD AIR P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.0838 | |||
| Maximum Drawdown | 29.33 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 7.56 |
FORWARD AIR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FORWARD AIR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FORWARD AIR's standard deviation. In reality, there are many statistical measures that can use FORWARD AIR historical prices to predict the future FORWARD AIR's volatility.| Risk Adjusted Performance | 0.0889 | |||
| Jensen Alpha | 0.2184 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 0.1762 |
FORWARD AIR P Backtested Returns
FORWARD AIR appears to be not too volatile, given 3 months investment horizon. FORWARD AIR P secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FORWARD AIR P, which you can use to evaluate the volatility of the firm. Please utilize FORWARD AIR's Downside Deviation of 3.43, market risk adjusted performance of 0.1862, and Mean Deviation of 2.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FORWARD AIR holds a performance score of 8. The firm shows a Beta (market volatility) of 2.75, 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, FORWARD AIR will likely underperform. Please check FORWARD AIR's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether FORWARD AIR's price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
FORWARD AIR P has good predictability. Overlapping area represents the amount of predictability between FORWARD AIR time series from 20th of May 2024 to 18th of August 2024 and 18th of August 2024 to 16th of November 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 FORWARD AIR P price movement. The serial correlation of 0.76 indicates that around 76.0% of current FORWARD AIR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 6.26 |
FORWARD AIR P lagged returns against current returns
Autocorrelation, which is FORWARD AIR 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 FORWARD AIR's stock expected returns. We can calculate the autocorrelation of FORWARD AIR returns to help us make a trade decision. For example, suppose you find that FORWARD AIR 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 |
FORWARD AIR 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 FORWARD AIR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FORWARD AIR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FORWARD AIR stock over time.
Current vs Lagged Prices |
| Timeline |
FORWARD AIR Lagged Returns
When evaluating FORWARD AIR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FORWARD AIR stock have on its future price. FORWARD AIR 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, FORWARD AIR autocorrelation shows the relationship between FORWARD AIR stock current value and its past values and can show if there is a momentum factor associated with investing in FORWARD AIR P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FORWARD Stock
FORWARD AIR financial ratios help investors to determine whether FORWARD Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORWARD with respect to the benefits of owning FORWARD AIR security.