Freightos Limited Ordinary Stock Market Value
| CRGO Stock | 2.37 0.03 1.25% |
| Symbol | Freightos |
Freightos Limited Price To Book Ratio
Is Air Freight & Logistics 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 Freightos Limited. If investors know Freightos 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 Freightos Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.445 | Quarterly Revenue Growth 0.111 | Return On Assets (0.17) | Return On Equity (0.29) |
The market value of Freightos Limited is measured differently than its book value, which is the value of Freightos that is recorded on the company's balance sheet. Investors also form their own opinion of Freightos Limited's value that differs from its market value or its book value, called intrinsic value, which is Freightos Limited'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 Freightos Limited's market value can be influenced by many factors that don't directly affect Freightos Limited'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 Freightos Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freightos Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freightos Limited'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.
Freightos Limited '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 Freightos Limited'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 Freightos Limited.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Freightos Limited on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Freightos Limited Ordinary or generate 0.0% return on investment in Freightos Limited over 90 days. Freightos Limited is related to or competes with Hub, Landstar System, JB Hunt, Expeditors International, CH Robinson, Jayud Global, and Addentax Group. Freightos Limited is entity of United States More
Freightos Limited 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 Freightos Limited'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 Freightos Limited Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.71 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 40.9 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 14.38 |
Freightos Limited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freightos Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freightos Limited's standard deviation. In reality, there are many statistical measures that can use Freightos Limited historical prices to predict the future Freightos Limited's volatility.| Risk Adjusted Performance | 0.1108 | |||
| Jensen Alpha | 0.6447 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1777 | |||
| Treynor Ratio | 0.369 |
Freightos Limited Backtested Returns
Freightos Limited appears to be very risky, given 3 months investment horizon. Freightos Limited secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Freightos Limited's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Freightos Limited's Mean Deviation of 4.89, coefficient of variation of 752.96, and Downside Deviation of 4.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Freightos Limited holds a performance score of 8. The firm shows a Beta (market volatility) of 2.6, 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, Freightos Limited will likely underperform. Please check Freightos Limited's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Freightos Limited's price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Freightos Limited Ordinary has modest reverse predictability. Overlapping area represents the amount of predictability between Freightos Limited time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd of November 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 Freightos Limited price movement. The serial correlation of -0.46 indicates that about 46.0% of current Freightos Limited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Freightos Limited lagged returns against current returns
Autocorrelation, which is Freightos Limited 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 Freightos Limited's stock expected returns. We can calculate the autocorrelation of Freightos Limited returns to help us make a trade decision. For example, suppose you find that Freightos Limited 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 |
Freightos Limited 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 Freightos Limited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freightos Limited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freightos Limited stock over time.
Current vs Lagged Prices |
| Timeline |
Freightos Limited Lagged Returns
When evaluating Freightos Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freightos Limited stock have on its future price. Freightos Limited 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, Freightos Limited autocorrelation shows the relationship between Freightos Limited stock current value and its past values and can show if there is a momentum factor associated with investing in Freightos Limited Ordinary.
Regressed Prices |
| Timeline |
Pair Trading with Freightos Limited
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Freightos Limited position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Freightos Limited will appreciate offsetting losses from the drop in the long position's value.Moving together with Freightos Stock
Moving against Freightos Stock
The ability to find closely correlated positions to Freightos Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freightos Limited when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Freightos Limited - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Freightos Limited Ordinary to buy it.
The correlation of Freightos Limited is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freightos Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freightos Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Freightos Limited can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Freightos Limited Correlation, Freightos Limited Volatility and Freightos Limited Alpha and Beta module to complement your research on Freightos Limited. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Freightos Limited 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.