Foot Locker Stock Market Value

FL
 Stock
  

USD 39.19  0.85  2.12%   

Foot Locker's market value is the price at which a share of Foot Locker stock trades on a public exchange. It measures the collective expectations of Foot Locker investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Foot Locker and determine expected loss or profit from investing in Foot Locker over a given investment horizon. Please check Foot Locker Correlation, Foot Locker Volatility and Foot Locker Alpha and Beta module to complement your research on Foot Locker.
Symbol


Is Foot Locker's industry 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 Foot Locker. If investors know Foot Locker 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 Foot Locker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Foot Locker is measured differently than its book value, which is the value of Foot Locker that is recorded on the company's balance sheet. Investors also form their own opinion of Foot Locker's value that differs from its market value or its book value, called intrinsic value, which is Foot Locker'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 Foot Locker's market value can be influenced by many factors that don't directly affect Foot Locker'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 Foot Locker's value and its price as these two are different measures arrived at by different means. Investors typically determine Foot Locker value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foot Locker'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.

Foot Locker '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 Foot Locker'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 Foot Locker.
0.00
12/16/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/06/2022
0.00
If you would invest  0.00  in Foot Locker on December 16, 2020 and sell it all today you would earn a total of 0.00 from holding Foot Locker or generate 0.0% return on investment in Foot Locker over 720 days. Foot Locker is related to or competes with United Rentals, JPMorgan Chase, 3M, Caterpillar, HP, Merck, and Procter Gamble. Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer More

Foot Locker 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 Foot Locker'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 Foot Locker upside and downside potential and time the market with a certain degree of confidence.

Foot Locker Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Foot Locker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foot Locker's standard deviation. In reality, there are many statistical measures that can use Foot Locker historical prices to predict the future Foot Locker's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Foot Locker'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. Please use the tools below to analyze the current value of Foot Locker in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
35.9139.0542.19
Details
Intrinsic
Valuation
LowReal ValueHigh
35.2746.4149.55
Details
Naive
Forecast
LowNext ValueHigh
38.7341.8845.02
Details
12 Analysts
Consensus
LowTarget PriceHigh
42.0061.6985.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Foot Locker. Your research has to be compared to or analyzed against Foot Locker's peers to derive any actionable benefits. When done correctly, Foot Locker's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Foot Locker.

Foot Locker Backtested Returns

We consider Foot Locker very steady. Foot Locker secures Sharpe Ratio (or Efficiency) of 0.0558, which denotes the company had 0.0558% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Foot Locker, which you can use to evaluate the future volatility of the firm. Please confirm Foot Locker Mean Deviation of 2.38, coefficient of variation of 1844.68, and Downside Deviation of 3.17 to check if the risk estimate we provide is consistent with the expected return of 0.18%.
Foot Locker has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.1678, which means a somewhat significant risk relative to the market. Let's try to break down what Foot Locker's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Foot Locker will likely underperform. Although it is important to respect Foot Locker historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Foot Locker technical indicators, you can presently evaluate if the expected return of 0.18% will be sustainable into the future. Foot Locker right now shows a risk of 3.16%. Please confirm Foot Locker jensen alpha, as well as the relationship between the potential upside and skewness to decide if Foot Locker will be following its price patterns.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Foot Locker has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Foot Locker time series from 16th of December 2020 to 11th of December 2021 and 11th of December 2021 to 6th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Foot Locker price movement. The serial correlation of -0.72 indicates that around 72.0% of current Foot Locker price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test0.0
Residual Average0.0
Price Variance28.92

Foot Locker lagged returns against current returns

Autocorrelation, which is Foot Locker 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 Foot Locker's stock expected returns. We can calculate the autocorrelation of Foot Locker returns to help us make a trade decision. For example, suppose you find that Foot Locker stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Foot Locker 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 Foot Locker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foot Locker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foot Locker stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Foot Locker Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Foot Locker without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Instant Ratings Now

   

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Foot Locker using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Foot Locker Correlation, Foot Locker Volatility and Foot Locker Alpha and Beta module to complement your research on Foot Locker. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Foot Locker price analysis, check to measure Foot Locker'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 Foot Locker is operating at the current time. Most of Foot Locker's value examination focuses on studying past and present price action to predict the probability of Foot Locker's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Foot Locker's price. Additionally, you may evaluate how the addition of Foot Locker to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Foot Locker technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Foot Locker technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Foot Locker trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...