FEDEX P 42 Market Value

31428XBR6   96.17  2.21  2.25%   
FEDEX's market value is the price at which a share of FEDEX trades on an exchange. It measures the collective expectations of FEDEX P 42 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of FEDEX P 42 and determine expected loss or profit from investing in FEDEX over a given investment horizon.
Check out FEDEX Correlation, FEDEX Volatility and FEDEX Alpha and Beta module to complement your research on FEDEX.
For information on how to trade FEDEX Bond refer to our How to Trade FEDEX Bond guide.
Symbol

Please note, there is a significant difference between FEDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if FEDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FEDEX'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.

FEDEX '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's bond 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.
0.00
11/14/2024
No Change 0.00  0.0 
In 30 days
12/14/2024
0.00
If you would invest  0.00  in FEDEX on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding FEDEX P 42 or generate 0.0% return on investment in FEDEX over 30 days. FEDEX is related to or competes with Capital Clean, Cannae Holdings, Ultra Clean, and Verde Clean. More

FEDEX 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's bond 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 P 42 upside and downside potential and time the market with a certain degree of confidence.

FEDEX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for FEDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FEDEX's standard deviation. In reality, there are many statistical measures that can use FEDEX historical prices to predict the future FEDEX's volatility.
Hype
Prediction
LowEstimatedHigh
94.4896.1797.86
Details
Intrinsic
Valuation
LowRealHigh
79.6181.30105.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as FEDEX. Your research has to be compared to or analyzed against FEDEX's peers to derive any actionable benefits. When done correctly, FEDEX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in FEDEX P 42.

FEDEX P 42 Backtested Returns

FEDEX P 42 secures Sharpe Ratio (or Efficiency) of -0.0371, which denotes the bond had a -0.0371% return per unit of return volatility over the last 3 months. FEDEX P 42 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FEDEX's standard deviation of 2.09, and Mean Deviation of 0.9843 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0931, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FEDEX are expected to decrease at a much lower rate. During the bear market, FEDEX is likely to outperform the market.

Auto-correlation

    
  -0.49  

Modest reverse predictability

FEDEX P 42 has modest reverse predictability. Overlapping area represents the amount of predictability between FEDEX time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 P 42 price movement. The serial correlation of -0.49 indicates that about 49.0% of current FEDEX price fluctuation can be explain by its past prices.
Correlation Coefficient-0.49
Spearman Rank Test-0.32
Residual Average0.0
Price Variance0.71

FEDEX P 42 lagged returns against current returns

Autocorrelation, which is FEDEX bond'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's bond expected returns. We can calculate the autocorrelation of FEDEX returns to help us make a trade decision. For example, suppose you find that FEDEX has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FEDEX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FEDEX bond over time.
   Current vs Lagged Prices   
       Timeline  

FEDEX Lagged Returns

When evaluating FEDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FEDEX bond have on its future price. FEDEX 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 autocorrelation shows the relationship between FEDEX bond current value and its past values and can show if there is a momentum factor associated with investing in FEDEX P 42.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in FEDEX Bond

FEDEX financial ratios help investors to determine whether FEDEX Bond 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 security.