Footlocker Story

FL -- USA Stock

USD 58.05 0.70 1.19%

Macroaxis Story

As many millenniums are trying to avoid consumer cyclical space, it makes sense to summarize Footlocker a little further and try to understand its current market patterns. As we have suggested previously, Footlocker is beginning its pull down as stakeholders shift to be more bearish due to the increased sector volatility. A great deal of the actions of the company stock price movements has been a reflection of what is happening in the market overall. Steady essential indicators of the company may also denote signals of medium-term gains for Footlocker stakeholders. Footlocker is scheduled to announce its earnings today. The next earnings report is expected on the 28th of May 2021. The stock continues to experience an active downward rally.

Published over a month ago

View all stories for Footlocker | View All Stories

Will Footlocker (NYSE:FL) continue to pull down in March?

This firm's average rating is Buy from 18 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Footlocker market sentiment investors' perception of the future value of Footlocker. Let us look at a few aspects of Footlocker technical analysis.

Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Footlocker. In general, we focus on analyzing Footlocker stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Footlocker's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Footlocker's intrinsic value. In addition to deriving basic predictive indicators for Footlocker, we also check how macroeconomic factors affect Footlocker price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Footlocker's stock 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 Footlocker in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Footlocker. Your research has to be compared to or analyzed against Footlocker's peers to derive any actionable benefits. When done correctly, Footlocker'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 Footlocker.

How does Footlocker Stands against Peers?

Analyzing Footlocker competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Footlocker across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.

Check out Footlocker Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.

It is good to see analyst projects for Footlocker, but it might be worth checking our own buy vs. sell analysis

Closer look at Footlocker Semi Deviation

Footlocker has current Semi Deviation of 2.19. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation

SQRT(SV)

2.19

SQRT	=	Square root notation
SV	=	Footlocker semi variance of returns over selected period

Let's now compare Footlocker Semi Deviation to its closest peers:

CAL

FORD

NKE

	FL	2.19
	CAL	2.95
	FORD	4.94
	NKE	1.29

Will Footlocker continue to go bonkers?

Footlocker new market risk adjusted performance upsurges over 0.25.

As of the 26th of February, Footlocker shows the Coefficient Of Variation of 511.38, mean deviation of 2.02, and Downside Deviation of 2.56. Footlocker technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Footlocker, which can be compared to its rivals. Please confirm Footlocker jensen alpha, as well as the relationship between the potential upside and skewness to decide if Footlocker is priced favorably, providing market reflects its regular price of 49.73 per share. Given that Footlocker has jensen alpha of 0.2538, we urge you to verify Footlocker's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Takeaway

While some companies under the footwear & accessories industry are still a bit expensive, Footlocker may offer a potential longer-term growth to stakeholders. In closing, as of the 26th of February 2021, we believe Footlocker is currently fairly valued. It hyperactively responds to market trends and projects below average chance of financial distress in the next two years. Our present 30 days buy-or-sell advice on the company is Strong Buy.

About Contributor

Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Footlocker. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2021 Macroaxis LLC

Footlocker Story

USD 58.05 0.70 1.19%

How does Footlocker Stands against Peers?

What do experts say?

Closer look at Footlocker Semi Deviation

Will Footlocker continue to go bonkers?

Our Final Takeaway

About Contributor

Would you like to provide feedback on the content of this article?

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY