FedEx Corp (Germany) Market Value
| FDX Stock | EUR 287.05 0.20 0.07% |
| Symbol | FedEx |
FedEx Corp '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 FedEx Corp'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 FedEx Corp.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in FedEx Corp on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding FedEx Corp or generate 0.0% return on investment in FedEx Corp over 720 days. FedEx Corp is related to or competes with INTERSHOP Communications, KAUFMAN ET, Charter Communications, Gamma Communications, Gaztransport Technigaz, Consolidated Communications, and Fukuyama Transporting. More
FedEx Corp 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 FedEx Corp'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 FedEx Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.003 | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.84 |
FedEx Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FedEx Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FedEx Corp's standard deviation. In reality, there are many statistical measures that can use FedEx Corp historical prices to predict the future FedEx Corp's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.1635 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0023 | |||
| Treynor Ratio | (0.60) |
FedEx Corp Backtested Returns
As of now, FedEx Stock is very steady. FedEx Corp secures Sharpe Ratio (or Efficiency) of 0.0568, which denotes the company had a 0.0568% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FedEx Corp, which you can use to evaluate the volatility of the firm. Please confirm FedEx Corp's Downside Deviation of 3.12, coefficient of variation of 1670.79, and Mean Deviation of 1.32 to check if the risk estimate we provide is consistent with the expected return of 0.14%. FedEx Corp has a performance score of 4 on a scale of 0 to 100. 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 FedEx Corp are expected to decrease at a much lower rate. During the bear market, FedEx Corp is likely to outperform the market. FedEx Corp right now shows a risk of 2.42%. Please confirm FedEx Corp jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if FedEx Corp will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
FedEx Corp has good predictability. Overlapping area represents the amount of predictability between FedEx Corp time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 FedEx Corp price movement. The serial correlation of 0.66 indicates that around 66.0% of current FedEx Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 397.2 |
FedEx Corp lagged returns against current returns
Autocorrelation, which is FedEx Corp 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 FedEx Corp's stock expected returns. We can calculate the autocorrelation of FedEx Corp returns to help us make a trade decision. For example, suppose you find that FedEx Corp 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 |
FedEx Corp 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 FedEx Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FedEx Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FedEx Corp stock over time.
Current vs Lagged Prices |
| Timeline |
FedEx Corp Lagged Returns
When evaluating FedEx Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FedEx Corp stock have on its future price. FedEx Corp 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, FedEx Corp autocorrelation shows the relationship between FedEx Corp stock current value and its past values and can show if there is a momentum factor associated with investing in FedEx Corp.
Regressed Prices |
| Timeline |
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FedEx Corp financial ratios help investors to determine whether FedEx 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 FedEx with respect to the benefits of owning FedEx Corp security.