Freightcar America Stock Market Value
| RAIL Stock | USD 9.45 0.20 2.07% |
| Symbol | Freightcar |
Freightcar America Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Freightcar America. If investors know Freightcar 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 Freightcar America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.31) | Revenue Per Share 16.728 | Quarterly Revenue Growth 0.664 | Return On Assets 0.0577 | Return On Equity (0.09) |
The market value of Freightcar America is measured differently than its book value, which is the value of Freightcar that is recorded on the company's balance sheet. Investors also form their own opinion of Freightcar America's value that differs from its market value or its book value, called intrinsic value, which is Freightcar America'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 Freightcar America's market value can be influenced by many factors that don't directly affect Freightcar America'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 Freightcar America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freightcar America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freightcar America'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.
Freightcar America '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 Freightcar America'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 Freightcar America.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Freightcar America on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Freightcar America or generate 0.0% return on investment in Freightcar America over 60 days. Freightcar America is related to or competes with Greenbrier Companies, LB Foster, Westinghouse Air, CSX, Trinity Industries, Norfolk Southern, and Union Pacific. FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for... More
Freightcar America 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 Freightcar America'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 Freightcar America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.4 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 49.53 | |||
| Value At Risk | (9.73) | |||
| Potential Upside | 10.76 |
Freightcar America Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freightcar America's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freightcar America's standard deviation. In reality, there are many statistical measures that can use Freightcar America historical prices to predict the future Freightcar America's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.923 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | 0.8916 |
Freightcar America Backtested Returns
Freightcar America appears to be unstable, given 3 months investment horizon. Freightcar America 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 Freightcar America's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize Freightcar America's Mean Deviation of 5.6, coefficient of variation of 711.41, and Downside Deviation of 8.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Freightcar America holds a performance score of 8. The firm shows a Beta (market volatility) of 1.2, 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, Freightcar America will likely underperform. Please check Freightcar America's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Freightcar America's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Freightcar America has very good reverse predictability. Overlapping area represents the amount of predictability between Freightcar America 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 Freightcar America price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Freightcar America price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 4.93 |
Freightcar America lagged returns against current returns
Autocorrelation, which is Freightcar America 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 Freightcar America's stock expected returns. We can calculate the autocorrelation of Freightcar America returns to help us make a trade decision. For example, suppose you find that Freightcar America 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 |
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Freightcar America 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 Freightcar America stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freightcar America stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freightcar America stock over time.
Current vs Lagged Prices |
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Freightcar America Lagged Returns
When evaluating Freightcar America's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freightcar America stock have on its future price. Freightcar America 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, Freightcar America autocorrelation shows the relationship between Freightcar America stock current value and its past values and can show if there is a momentum factor associated with investing in Freightcar America.
Regressed Prices |
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Freightcar America 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.