Forward Air Stock Market Value
| FWRD Stock | USD 35.44 0.44 1.23% |
| Symbol | Forward |
Forward Air 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 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 | Earnings Share (29.29) | Revenue Per Share 81.783 | Quarterly Revenue Growth 0.924 | Return On Assets 0.0296 |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Forward Air on October 27, 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 Expeditors International, Morningstar Unconstrained, Thrivent High, Via Renewables, Sitka Gold, MSCI ACWI, and Bim Birlesik. 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.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.0403 | |||
| Maximum Drawdown | 12.56 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.39 |
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 | 0.0711 | |||
| Jensen Alpha | 0.104 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | 0.2105 |
Forward Air Backtested Returns
At this point, Forward Air is very steady. Forward Air secures Sharpe Ratio (or Efficiency) of 0.0605, which denotes the company had a 0.0605% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Forward Air, which you can use to evaluate the volatility of the firm. Please confirm Forward Air's Coefficient Of Variation of 1205.53, downside deviation of 2.97, and Mean Deviation of 2.5 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Forward Air has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.16, 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 right now shows a risk of 3.1%. Please confirm Forward Air semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Forward Air will be following its price patterns.
Auto-correlation | 0.44 |
Average predictability
Forward Air has average predictability. Overlapping area represents the amount of predictability between Forward Air time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Forward Air price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Forward Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
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 |
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.When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:Check out Forward Air Correlation, Forward Air Volatility and Forward Air Alpha and Beta module to complement your research on Forward Air. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.