Fastenal Company Stock Market Value
| FAST Stock | USD 79.26 0.51 0.64% |
| Symbol | Fastenal |
Fastenal Price To Book Ratio
Is Trading Companies & Distributors 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 Fastenal. If investors know Fastenal 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 Fastenal 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 0.005 | Dividend Share 1.52 | Earnings Share 2.01 | Revenue Per Share 13.07 | Quarterly Revenue Growth 0.035 |
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal'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 Fastenal's market value can be influenced by many factors that don't directly affect Fastenal'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 Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal'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.
Fastenal '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 Fastenal'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 Fastenal.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Fastenal on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Fastenal Company or generate 0.0% return on investment in Fastenal over 30 days. Fastenal is related to or competes with Applied Industrial, MSC Industrial, Ferguson Plc, Watsco, Pool, WW Grainger, and SiteOne Landscape. Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction s... More
Fastenal 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 Fastenal'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 Fastenal Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7547 | |||
| Information Ratio | 0.0827 | |||
| Maximum Drawdown | 11.5 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.32 |
Fastenal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fastenal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fastenal's standard deviation. In reality, there are many statistical measures that can use Fastenal historical prices to predict the future Fastenal's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.0939 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1807 | |||
| Treynor Ratio | 0.1829 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fastenal'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.
Fastenal Backtested Returns
Fastenal appears to be very steady, given 3 months investment horizon. Fastenal secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fastenal Company, which you can use to evaluate the volatility of the firm. Please utilize Fastenal's Downside Deviation of 0.7547, coefficient of variation of 632.24, and Mean Deviation of 0.8856 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fastenal holds a performance score of 10. The firm shows a Beta (market volatility) of 1.37, which means 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, Fastenal will likely underperform. Please check Fastenal's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Fastenal's price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Fastenal Company has very weak predictability. Overlapping area represents the amount of predictability between Fastenal time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Fastenal price movement. The serial correlation of 0.19 indicates that over 19.0% of current Fastenal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Fastenal lagged returns against current returns
Autocorrelation, which is Fastenal 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 Fastenal's stock expected returns. We can calculate the autocorrelation of Fastenal returns to help us make a trade decision. For example, suppose you find that Fastenal 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 |
Fastenal 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 Fastenal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fastenal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fastenal stock over time.
Current vs Lagged Prices |
| Timeline |
Fastenal Lagged Returns
When evaluating Fastenal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fastenal stock have on its future price. Fastenal 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, Fastenal autocorrelation shows the relationship between Fastenal stock current value and its past values and can show if there is a momentum factor associated with investing in Fastenal Company.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fastenal Stock Analysis
When running Fastenal's price analysis, check to measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.