Foot Locker Stock Market Value
| FL Stock | USD 23.13 0.68 3.03% |
| Symbol | Foot |
Foot Locker Price To Book Ratio
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.
Foot Locker '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 Foot Locker'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 Foot Locker.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Foot Locker on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Foot Locker or generate 0.0% return on investment in Foot Locker over 60 days. Foot Locker is related to or competes with Abercrombie Fitch, Urban Outfitters, Childrens Place, and American Eagle. Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer More
Foot Locker 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 Foot Locker'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 Foot Locker upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 13.15 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 3.83 |
Foot Locker Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foot Locker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foot Locker's standard deviation. In reality, there are many statistical measures that can use Foot Locker historical prices to predict the future Foot Locker's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.39) |
Foot Locker Backtested Returns
Foot Locker secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Foot Locker exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foot Locker's Variance of 8.64, mean deviation of 2.18, and Standard Deviation of 2.94 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.3, 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, Foot Locker will likely underperform. At this point, Foot Locker has a negative expected return of -0.49%. Please make sure to confirm Foot Locker's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Foot Locker performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Foot Locker has poor reverse predictability. Overlapping area represents the amount of predictability between Foot Locker time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Foot Locker price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Foot Locker price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Foot Locker lagged returns against current returns
Autocorrelation, which is Foot Locker 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 Foot Locker's stock expected returns. We can calculate the autocorrelation of Foot Locker returns to help us make a trade decision. For example, suppose you find that Foot Locker 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 |
Foot Locker 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 Foot Locker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foot Locker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foot Locker stock over time.
Current vs Lagged Prices |
| Timeline |
Foot Locker Lagged Returns
When evaluating Foot Locker's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foot Locker stock have on its future price. Foot Locker 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, Foot Locker autocorrelation shows the relationship between Foot Locker stock current value and its past values and can show if there is a momentum factor associated with investing in Foot Locker.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Foot Locker Correlation, Foot Locker Volatility and Foot Locker Alpha and Beta module to complement your research on Foot Locker. For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Foot Locker 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.