Freight Technologies Stock Market Value
| FRGT Stock | USD 1.47 0.03 2.08% |
| Symbol | Freight |
Freight Technologies Price To Book Ratio
Is Application Software 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 Freight Technologies. If investors know Freight 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 Freight Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -1.9 K | Revenue Per Share 356.42 | Quarterly Revenue Growth (0.22) | Return On Assets (0.49) | Return On Equity (3.24) |
The market value of Freight Technologies is measured differently than its book value, which is the value of Freight that is recorded on the company's balance sheet. Investors also form their own opinion of Freight Technologies' value that differs from its market value or its book value, called intrinsic value, which is Freight Technologies' 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 Freight Technologies' market value can be influenced by many factors that don't directly affect Freight Technologies' 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 Freight Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Freight Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freight Technologies' 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.
Freight Technologies '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 Freight Technologies' 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 Freight Technologies.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Freight Technologies on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Freight Technologies or generate 0.0% return on investment in Freight Technologies over 30 days. Freight Technologies is related to or competes with HeartCore Enterprises, Beamr Imaging, Trust Stamp, CXApp, and Quhuo. Freight Technologies, Inc. operates as a transportation logistics technology platform company More
Freight Technologies 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 Freight Technologies' 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 Freight Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 41.5 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 12.73 |
Freight Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freight Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freight Technologies' standard deviation. In reality, there are many statistical measures that can use Freight Technologies historical prices to predict the future Freight Technologies' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.78) | |||
| Total Risk Alpha | (2.50) | |||
| Treynor Ratio | (0.55) |
Freight Technologies Backtested Returns
Freight Technologies secures Sharpe Ratio (or Efficiency) of -0.2, which denotes the company had a -0.2% return per unit of risk over the last 3 months. Freight Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freight Technologies' Standard Deviation of 7.37, variance of 54.29, and Mean Deviation of 5.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.71, 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, Freight Technologies will likely underperform. At this point, Freight Technologies has a negative expected return of -1.46%. Please make sure to confirm Freight Technologies' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Freight Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Freight Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Freight Technologies time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Freight Technologies price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Freight Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Freight Technologies lagged returns against current returns
Autocorrelation, which is Freight Technologies 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 Freight Technologies' stock expected returns. We can calculate the autocorrelation of Freight Technologies returns to help us make a trade decision. For example, suppose you find that Freight Technologies 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 |
Freight Technologies 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 Freight Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freight Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freight Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Freight Technologies Lagged Returns
When evaluating Freight Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freight Technologies stock have on its future price. Freight Technologies 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, Freight Technologies autocorrelation shows the relationship between Freight Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Freight Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Freight Stock Analysis
When running Freight Technologies' price analysis, check to measure Freight Technologies' 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 Freight Technologies is operating at the current time. Most of Freight Technologies' value examination focuses on studying past and present price action to predict the probability of Freight Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freight Technologies' price. Additionally, you may evaluate how the addition of Freight Technologies to your portfolios can decrease your overall portfolio volatility.