Lb Foster Stock Market Value
| FSTR Stock | USD 28.73 0.43 1.52% |
| Symbol | FSTR |
LB Foster Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 LB Foster. If investors know FSTR 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 LB Foster listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 67.659 | Earnings Share 3.87 | Revenue Per Share 49.932 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0304 |
The market value of LB Foster is measured differently than its book value, which is the value of FSTR that is recorded on the company's balance sheet. Investors also form their own opinion of LB Foster's value that differs from its market value or its book value, called intrinsic value, which is LB Foster'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 LB Foster's market value can be influenced by many factors that don't directly affect LB Foster'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 LB Foster's value and its price as these two are different measures arrived at by different means. Investors typically determine if LB Foster is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LB Foster'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.
LB Foster '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 LB Foster'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 LB Foster.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in LB Foster on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding LB Foster or generate 0.0% return on investment in LB Foster over 180 days. LB Foster is related to or competes with Trinity Industries, Freightcar America, Westinghouse Air, Norfolk Southern, Greenbrier Companies, CSX, and Union Pacific. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects w... More
LB Foster 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 LB Foster'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 LB Foster upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1755 | |||
| Maximum Drawdown | 14.55 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 6.37 |
LB Foster Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LB Foster's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LB Foster's standard deviation. In reality, there are many statistical measures that can use LB Foster historical prices to predict the future LB Foster's volatility.| Risk Adjusted Performance | 0.1768 | |||
| Jensen Alpha | 0.4117 | |||
| Total Risk Alpha | 0.1533 | |||
| Sortino Ratio | 0.2522 | |||
| Treynor Ratio | 0.3461 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LB Foster's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LB Foster Backtested Returns
LB Foster appears to be not too volatile, given 3 months investment horizon. LB Foster retains Efficiency (Sharpe Ratio) of 0.21, which conveys that the company had a 0.21% return per unit of price deviation over the last 3 months. By analyzing LB Foster's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise LB Foster's Standard Deviation of 2.99, market risk adjusted performance of 0.3561, and Mean Deviation of 2.1 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LB Foster holds a performance score of 16. The firm owns a Beta (Systematic Risk) of 1.88, which conveys 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, LB Foster will likely underperform. Please check LB Foster's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether LB Foster's current price history will revert.
Auto-correlation | -0.58 |
Good reverse predictability
LB Foster has good reverse predictability. Overlapping area represents the amount of predictability between LB Foster time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 LB Foster price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current LB Foster price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 8.41 |
LB Foster lagged returns against current returns
Autocorrelation, which is LB Foster 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 LB Foster's stock expected returns. We can calculate the autocorrelation of LB Foster returns to help us make a trade decision. For example, suppose you find that LB Foster 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 |
LB Foster 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 LB Foster stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LB Foster stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LB Foster stock over time.
Current vs Lagged Prices |
| Timeline |
LB Foster Lagged Returns
When evaluating LB Foster's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LB Foster stock have on its future price. LB Foster 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, LB Foster autocorrelation shows the relationship between LB Foster stock current value and its past values and can show if there is a momentum factor associated with investing in LB Foster.
Regressed Prices |
| Timeline |
Pair Trading with LB Foster
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LB Foster position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LB Foster will appreciate offsetting losses from the drop in the long position's value.Moving together with FSTR Stock
Moving against FSTR Stock
| 0.68 | SLDP | Solid Power | PairCorr |
| 0.66 | CP | Canadian Pacific Railway | PairCorr |
| 0.62 | EFSH | 1847 Holdings LLC | PairCorr |
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.4 | FBYD | Falcons Beyond Global, | PairCorr |
The ability to find closely correlated positions to LB Foster could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LB Foster when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LB Foster - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LB Foster to buy it.
The correlation of LB Foster is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LB Foster moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LB Foster moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for LB Foster can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for FSTR Stock Analysis
When running LB Foster's price analysis, check to measure LB Foster'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 LB Foster is operating at the current time. Most of LB Foster's value examination focuses on studying past and present price action to predict the probability of LB Foster's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LB Foster's price. Additionally, you may evaluate how the addition of LB Foster to your portfolios can decrease your overall portfolio volatility.