Frontdoor Stock Market Value
| FTDR Stock | USD 58.17 0.46 0.78% |
| Symbol | Frontdoor |
Frontdoor Price To Book Ratio
Is Diversified Consumer Services 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 Frontdoor. If investors know Frontdoor 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 Frontdoor 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 0.467 | Earnings Share 3.02 | Revenue Per Share 23.483 | Quarterly Revenue Growth 0.031 | Return On Assets 0.1871 |
The market value of Frontdoor is measured differently than its book value, which is the value of Frontdoor that is recorded on the company's balance sheet. Investors also form their own opinion of Frontdoor's value that differs from its market value or its book value, called intrinsic value, which is Frontdoor'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 Frontdoor's market value can be influenced by many factors that don't directly affect Frontdoor'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 Frontdoor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Frontdoor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Frontdoor'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.
Frontdoor '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 Frontdoor'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 Frontdoor.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Frontdoor on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Frontdoor or generate 0.0% return on investment in Frontdoor over 60 days. Frontdoor is related to or competes with Bright Horizons, Smart Share, Mister Car, Carriage Services, Rollins, and Service International. Frontdoor, Inc. provides home service plans in the United States More
Frontdoor 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 Frontdoor'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 Frontdoor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.68 |
Frontdoor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frontdoor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frontdoor's standard deviation. In reality, there are many statistical measures that can use Frontdoor historical prices to predict the future Frontdoor's volatility.| Risk Adjusted Performance | 0.1273 | |||
| Jensen Alpha | 0.1616 | |||
| Total Risk Alpha | 0.0045 | |||
| Sortino Ratio | 0.1135 | |||
| Treynor Ratio | 0.2744 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Frontdoor'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.
Frontdoor Backtested Returns
Frontdoor appears to be very steady, given 3 months investment horizon. Frontdoor secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Frontdoor, which you can use to evaluate the volatility of the firm. Please utilize Frontdoor's Mean Deviation of 1.33, coefficient of variation of 630.84, and Downside Deviation of 1.44 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Frontdoor holds a performance score of 14. The firm shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Frontdoor returns are very sensitive to returns on the market. As the market goes up or down, Frontdoor is expected to follow. Please check Frontdoor's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Frontdoor's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Frontdoor has below average predictability. Overlapping area represents the amount of predictability between Frontdoor time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Frontdoor price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Frontdoor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 7.58 |
Frontdoor lagged returns against current returns
Autocorrelation, which is Frontdoor 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 Frontdoor's stock expected returns. We can calculate the autocorrelation of Frontdoor returns to help us make a trade decision. For example, suppose you find that Frontdoor 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 |
Frontdoor 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 Frontdoor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frontdoor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Frontdoor stock over time.
Current vs Lagged Prices |
| Timeline |
Frontdoor Lagged Returns
When evaluating Frontdoor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frontdoor stock have on its future price. Frontdoor 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, Frontdoor autocorrelation shows the relationship between Frontdoor stock current value and its past values and can show if there is a momentum factor associated with investing in Frontdoor.
Regressed Prices |
| Timeline |
Pair Trading with Frontdoor
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 Frontdoor 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 Frontdoor will appreciate offsetting losses from the drop in the long position's value.Moving together with Frontdoor Stock
Moving against Frontdoor Stock
The ability to find closely correlated positions to Frontdoor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Frontdoor 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 Frontdoor - 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 Frontdoor to buy it.
The correlation of Frontdoor 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 Frontdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frontdoor 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 Frontdoor 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 Frontdoor Stock Analysis
When running Frontdoor's price analysis, check to measure Frontdoor'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 Frontdoor is operating at the current time. Most of Frontdoor's value examination focuses on studying past and present price action to predict the probability of Frontdoor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Frontdoor's price. Additionally, you may evaluate how the addition of Frontdoor to your portfolios can decrease your overall portfolio volatility.