Forward Air Stock Price on December 4, 2023
If you're considering investing in Forward Stock, it is important to understand the factors that can impact its price. Forward Air secures Sharpe Ratio (or Efficiency) of -0.0533, which denotes the company had a -0.0533% return per unit of risk over the last 3 months. Forward Air exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
Forward Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Forward |
Sharpe Ratio = 0.0
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Based on monthly moving average Forward Air is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Forward Air by adding Forward Air to a well-diversified portfolio.
Forward Air Valuation on December 4, 2023
It is possible to determine the worth of Forward Air on a given historical date. On December 4, 2023 Forward was worth 65.41 at the beginning of the trading date compared to the closed value of 66.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forward Air stock. Still, in general, we apply an absolute valuation method to find Forward Air's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Forward Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forward Air's related companies.
Open | High | Low | Close | Volume | |
63.66 | 65.64 | 63.66 | 65.58 | 267,847 | |
12/04/2023 | 65.41 | 66.93 | 65.33 | 66.20 | 203,926 |
66.10 | 66.10 | 64.74 | 64.76 | 180,545 |
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Forward Air Trading Date Momentum on December 4, 2023
On December 05 2023 Forward Air was traded for 64.76 at the closing time. The top price for the day was 66.10 and the lowest listed price was 64.74 . The trading volume for the day was 180.5 K. The trading history from December 5, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.18% . The overall trading delta against the current closing price is 1.48% . |
Forward Air Fundamentals Correlations and Trends
By evaluating Forward Air's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Forward Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forward financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forward Air Stock history
Forward Air investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Forward is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forward Air will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Forward Air stock prices may prove useful in developing a viable investing in Forward Air
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee. Foward Air operates under Integrated Freight Logistics classification in the United States and is traded on NASDAQ Exchange. It employs 4035 people.
Forward Air Stock Technical Analysis
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.
Price Boundaries
Forward Air Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Forward Air cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Forward Air December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Forward Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forward Air shares will generate the highest return on investment. By undertsting and applying Forward Air stock market strength indicators, traders can identify Forward Air entry and exit signals to maximize returns
Forward Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forward Air's price direction in advance. Along with the technical and fundamental analysis of Forward Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forward to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.26) | |||
Treynor Ratio | (0.21) |
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Complementary Tools for Forward Stock analysis
When running Forward Air's price analysis, check to measure Forward Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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