Fedex Stock Market Value
| FDX Stock | USD 266.99 3.62 1.37% |
| Symbol | FedEx |
FedEx Price To Book Ratio
Is FedEx'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 FedEx. If investors know FedEx 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 FedEx 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 (0.13) | Dividend Share 5.04 | Earnings Share 17.33 | Revenue Per Share 350.758 | Quarterly Revenue Growth 0.139 |
The market value of FedEx is measured differently than its book value, which is the value of FedEx that is recorded on the company's balance sheet. Investors also form their own opinion of FedEx's value that differs from its market value or its book value, called intrinsic value, which is FedEx'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 FedEx's market value can be influenced by many factors that don't directly affect FedEx'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 FedEx's value and its price as these two are different measures arrived at by different means. Investors typically determine if FedEx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FedEx'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.
FedEx '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 FedEx'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 FedEx.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in FedEx on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding FedEx or generate 0.0% return on investment in FedEx over 30 days. FedEx is related to or competes with JB Hunt, and Landstar System. FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally More
FedEx 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 FedEx'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 FedEx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0402 | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.88 |
FedEx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FedEx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FedEx's standard deviation. In reality, there are many statistical measures that can use FedEx historical prices to predict the future FedEx's volatility.| Risk Adjusted Performance | 0.0597 | |||
| Jensen Alpha | 0.0738 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0439 | |||
| Treynor Ratio | 0.1578 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FedEx'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.
FedEx Backtested Returns
We consider FedEx very steady. FedEx secures Sharpe Ratio (or Efficiency) of 0.0658, which denotes the company had a 0.0658% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for FedEx, which you can use to evaluate the volatility of the firm. Please confirm FedEx's Coefficient Of Variation of 1146.52, mean deviation of 0.9761, and Downside Deviation of 1.34 to check if the risk estimate we provide is consistent with the expected return of 0.0969%. FedEx has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, FedEx's returns are expected to increase less than the market. However, during the bear market, the loss of holding FedEx is expected to be smaller as well. FedEx right now shows a risk of 1.47%. Please confirm FedEx maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if FedEx will be following its price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
FedEx has insignificant reverse predictability. Overlapping area represents the amount of predictability between FedEx time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 FedEx price movement. The serial correlation of -0.13 indicates that less than 13.0% of current FedEx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 22.93 |
FedEx lagged returns against current returns
Autocorrelation, which is FedEx 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 FedEx's stock expected returns. We can calculate the autocorrelation of FedEx returns to help us make a trade decision. For example, suppose you find that FedEx 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 |
FedEx 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 FedEx stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FedEx stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FedEx stock over time.
Current vs Lagged Prices |
| Timeline |
FedEx Lagged Returns
When evaluating FedEx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FedEx stock have on its future price. FedEx 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, FedEx autocorrelation shows the relationship between FedEx stock current value and its past values and can show if there is a momentum factor associated with investing in FedEx.
Regressed Prices |
| Timeline |
FedEx Investors Sentiment
The influence of FedEx's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in FedEx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to FedEx's public news can be used to forecast risks associated with an investment in FedEx. The trend in average sentiment can be used to explain how an investor holding FedEx can time the market purely based on public headlines and social activities around FedEx. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
FedEx's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for FedEx's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average FedEx's news discussions. The higher the estimated score, the more favorable is the investor's outlook on FedEx.
FedEx Implied Volatility | 41.2 |
FedEx's implied volatility exposes the market's sentiment of FedEx stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if FedEx's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that FedEx stock will not fluctuate a lot when FedEx's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards FedEx in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, FedEx's short interest history, or implied volatility extrapolated from FedEx options trading.
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Try AI Portfolio ArchitectCheck out FedEx Correlation, FedEx Volatility and FedEx Alpha and Beta module to complement your research on FedEx. For more information on how to buy FedEx Stock please use our How to Invest in FedEx guide.Note that the FedEx information on this page should be used as a complementary analysis to other FedEx's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for FedEx Stock analysis
When running FedEx's price analysis, check to measure FedEx'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 FedEx is operating at the current time. Most of FedEx's value examination focuses on studying past and present price action to predict the probability of FedEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FedEx's price. Additionally, you may evaluate how the addition of FedEx to your portfolios can decrease your overall portfolio volatility.
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FedEx technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.