FedEx (Brazil) Market Value
| FDXB34 Stock | BRL 1,298 1.88 0.14% |
| Symbol | FedEx |
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.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in FedEx on May 8, 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 Ambipar Participaes. 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 | 1.32 | |||
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.01 |
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 | 0.0473 | |||
| Jensen Alpha | 0.0958 | |||
| Total Risk Alpha | 0.0786 | |||
| Sortino Ratio | 0.0691 | |||
| Treynor Ratio | 0.2726 |
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 0.046, which denotes the company had a 0.046% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for FedEx, which you can use to evaluate the volatility of the firm. Please confirm FedEx's Mean Deviation of 0.9305, downside deviation of 1.32, and Coefficient Of Variation of 1516.18 to check if the risk estimate we provide is consistent with the expected return of 0.0775%. FedEx has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, 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 1.68%. Please confirm FedEx mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if FedEx will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
FedEx has poor reverse predictability. Overlapping area represents the amount of predictability between FedEx time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th of June 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 -0.34 indicates that nearly 34.0% of current FedEx price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 218.81 |
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 |
Also Currently Popular
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 Information and Resources on Investing in FedEx Stock
When determining whether FedEx offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FedEx's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fedex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fedex Stock:Check out FedEx Correlation, FedEx Volatility and FedEx Alpha and Beta module to complement your research on FedEx. For information on how to trade FedEx Stock refer to our How to Trade FedEx Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.