Foot Locker Stock Probability of Future Stock Price Finishing Under 20.54
| FL Stock | USD 23.13 0.68 3.03% |
Foot |
Foot Locker Target Price Odds to finish below 20.54
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 drop to $ 20.54 or more in 90 days |
| 23.13 | 90 days | 20.54 | under 4 |
Based on a normal probability distribution, the odds of Foot Locker to drop to $ 20.54 or more in 90 days from now is under 4 (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 $ 20.54 and its current price of $23.13 at the end of the 90-day period is about 15.38 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.3 . 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 Dow Jones Industrial. 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.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 Dow Jones | -0.66 | |
β | Beta against Dow Jones | 1.30 | |
σ | Overall volatility | 2.77 | |
Ir | Information ratio | -0.21 |
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 | |
| 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 benzinga.com: Foot Locker To Gain From Strengthened Partnership With Nike Analyst Forecasts Earnings Recovery Next Year |
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 | |
| 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 benzinga.com: Foot Locker To Gain From Strengthened Partnership With Nike Analyst Forecasts Earnings Recovery Next Year |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Specialty Retail space 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 (0.78) | Earnings Share (3.88) | Revenue Per Share 86.173 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0118 |
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.