Foot Locker Stock Probability of Future Stock Price Finishing Over 28.84
| FL Stock | USD 21.98 0.05 0.23% |
Closest to current price Foot long CALL Option Payoff at Expiration
Foot |
Foot Locker Target Price Odds to finish over 28.84
The tendency of Foot Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 28.84 or more in 90 days |
| 21.98 | 90 days | 28.84 | about 33.69 |
Based on a normal probability distribution, the odds of Foot Locker to move over $ 28.84 or more in 90 days from now is about 33.69 (This Foot Locker probability density function shows the probability of Foot Stock to fall within a particular range of prices over 90 days) . Probability of Foot Locker price to stay between its current price of $ 21.98 and $ 28.84 at the end of the 90-day period is about 54.29 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.63 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Foot Locker will likely underperform. Additionally Foot Locker has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Foot Locker Price Density |
| Price |
Predictive Modules for Foot Locker
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Foot Locker. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foot Locker'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.
Foot Locker Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Foot Locker is not an exception. The market had few large corrections towards the Foot Locker's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Foot Locker, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Foot Locker within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.41 | |
β | Beta against NYSE Composite | 1.63 | |
σ | Overall volatility | 4.30 | |
Ir | Information ratio | -0.08 |
Foot Locker Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Foot Locker for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Foot Locker can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Foot Locker generated a negative expected return over the last 90 days | |
| Foot Locker has high historical volatility and very poor performance | |
| The company generated the yearly revenue of 8.17 B. Annual Net Loss to common stockholders was (330 M) with gross profit of 2.8 B. | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from pymnts.com: Foot Locker Begins Rollout of Store of the Future |
Foot Locker Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Foot Stock often depends not only on the future outlook of the current and potential Foot Locker's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Foot Locker's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 94.2 M | |
| Cash And Short Term Investments | 297 M |
Foot Locker Technical Analysis
Foot Locker's future price can be derived by breaking down and analyzing its technical indicators over time. Foot Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Foot Locker. In general, you should focus on analyzing Foot Stock price patterns and their correlations with different microeconomic environments and drivers.
Foot Locker Predictive Forecast Models
Foot Locker's time-series forecasting models is one of many Foot Locker's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Foot Locker's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Foot Locker
Checking the ongoing alerts about Foot Locker for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Foot Locker help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Foot Locker generated a negative expected return over the last 90 days | |
| Foot Locker has high historical volatility and very poor performance | |
| The company generated the yearly revenue of 8.17 B. Annual Net Loss to common stockholders was (330 M) with gross profit of 2.8 B. | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from pymnts.com: Foot Locker Begins Rollout of Store of the Future |
Check out Foot Locker Backtesting, Foot Locker Valuation, Foot Locker Correlation, Foot Locker Hype Analysis, Foot Locker Volatility, Foot Locker History as well as Foot Locker Performance. For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Foot Stock analysis
When running Foot Locker's price analysis, check to measure Foot Locker'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 Foot Locker is operating at the current time. Most of Foot Locker's value examination focuses on studying past and present price action to predict the probability of Foot Locker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foot Locker's price. Additionally, you may evaluate how the addition of Foot Locker to your portfolios can decrease your overall portfolio volatility.
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Is Foot Locker'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 Foot Locker. If investors know Foot 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 Foot Locker 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 (0.71) | Dividend Share 1.2 | Earnings Share (3.51) | Revenue Per Share 86.709 | Quarterly Revenue Growth 0.02 |
The market value of Foot Locker is measured differently than its book value, which is the value of Foot that is recorded on the company's balance sheet. Investors also form their own opinion of Foot Locker's value that differs from its market value or its book value, called intrinsic value, which is Foot Locker'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 Foot Locker's market value can be influenced by many factors that don't directly affect Foot Locker'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 Foot Locker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foot Locker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foot Locker'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.