FORWARD AIR (Germany) Market Value
| FA2 Stock | EUR 15.80 0.60 3.66% |
| Symbol | FORWARD |
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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in FORWARD AIR on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding FORWARD AIR P or generate 0.0% return on investment in FORWARD AIR over 90 days. FORWARD AIR is related to or competes with Lamar Advertising, Gruppo Mutuionline, BORR DRILLING, CarsalesCom, Addtech AB, and FARO Technologies. 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 P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 20.28 | |||
| Value At Risk | (7.04) | |||
| Potential Upside | 4.58 |
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 | (0.26) | |||
| Jensen Alpha | (1.05) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 4.65 |
FORWARD AIR P Backtested Returns
FORWARD AIR P secures Sharpe Ratio (or Efficiency) of -0.3, which denotes the company had a -0.3 % return per unit of volatility over the last 3 months. FORWARD AIR P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FORWARD AIR's Standard Deviation of 3.35, mean deviation of 2.37, and Market Risk Adjusted Performance of 4.66 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FORWARD AIR are expected to decrease at a much lower rate. During the bear market, FORWARD AIR is likely to outperform the market. At this point, FORWARD AIR P has a negative expected return of -1.06%. Please make sure to confirm FORWARD AIR's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if FORWARD AIR P performance from the past will be repeated at future time.
Auto-correlation | -0.53 |
Good reverse predictability
FORWARD AIR P has good reverse predictability. Overlapping area represents the amount of predictability between FORWARD AIR time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 P price movement. The serial correlation of -0.53 indicates that about 53.0% of current FORWARD AIR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 16.65 |
FORWARD AIR P 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 P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FORWARD Stock
FORWARD AIR financial ratios help investors to determine whether FORWARD Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORWARD with respect to the benefits of owning FORWARD AIR security.