Forward Air Stock Market Value
| FWRD Stock | USD 21.78 0.66 3.13% |
| Symbol | Forward |
Forward Air Price To Book Ratio
Is Forward Air'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 Forward Air. If investors know Forward 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 Forward Air 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 1.45 | Dividend Share 0.96 | Earnings Share 1.64 | Revenue Per Share 52.898 | Quarterly Revenue Growth (0.30) |
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air'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 Forward Air's market value can be influenced by many factors that don't directly affect Forward Air'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 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.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Forward Air on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Forward Air or generate 0.0% return on investment in Forward Air over 30 days. Forward Air is related to or competes with Landstar System, JB Hunt, Expeditors International, CH Robinson, and Hub. Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the... 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (7.01) | |||
| Potential Upside | 3.9 |
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 | (0.19) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (0.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Forward Air'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.
Forward Air Backtested Returns
Forward Air secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. Forward Air exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forward Air's Variance of 12.99, standard deviation of 3.6, and Mean Deviation of 2.81 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.03, 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. Forward Air has an expected return of -0.97%. Please make sure to confirm Forward Air skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Forward Air performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Forward Air has very good predictability. Overlapping area represents the amount of predictability between Forward Air time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 price movement. The serial correlation of 0.84 indicates that around 84.0% of current Forward Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Forward Air 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.
Regressed Prices |
| Timeline |
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When running Forward Air's price analysis, check to measure Forward Air'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 Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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Forward Air 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.