FWRD · Nasdaq · Transportation

What does it cost to trade Forward Air Corporation?

A $10,000 order costs about $219.78 (219.8 bps) between the half-spread and market impact.

Data as of 1 November 2026

Cost of $10k$219.78
Estimated quoted spread254.2 bps
Average daily trading value$7.4M
Daily volatility3.08%
1-day VaR (95%) on $10,000$507
Liquidity tierVery thin

Estimated cost by order size

Order Half-spread Market impact Total Share of daily volume
$1,000 127.2 bps 36.3 bps $16.35 · 163.5 bps 0.013%
$10,000 128.0 bps 91.8 bps $219.78 · 219.8 bps 0.135%
$100,000 135.7 bps 244.5 bps $3,802.32 · 380.2 bps 1.35%

Liquidity

Forward Air Corporation trades about $7.4M a day, which puts it in the very thin liquidity tier. At that depth the model estimates a quoted spread of 254.2 bps, so a market order pays roughly half of it on the way in, and again on the way out. An order stays below 1% of a normal day's trading up to about $74.1K.

Volatility and risk

Daily volatility is around 3.08%, which is very high for a stock. On a $10,000 position, the 1-day value at risk at 95% is about $507: on one trading day in twenty, a loss larger than that should be expected. Volatility also widens spreads, which the cost estimate above already includes.

How these figures are estimated

Spread: PreTrAIde's liquidity-tier model (average daily trading value) with a volatility uplift and a one-tick floor. Market impact: an Almgren-Chriss-style model on the order's share of daily volume. VaR: 1.645 × daily volatility. Inputs are 30-day average volume and recent price range. These are estimates, not quotes: the real cost depends on the market when the order is placed. PreTrAIde Methodology: How a Pre-Trade Analysis Is Computed

Frequently asked questions

How much does it cost to buy $10,000 of Forward Air Corporation?

PreTrAIde estimates about $219.78 (219.8 bps) for a $10,000 market order in Forward Air Corporation: $127.96 of half-spread and $91.82 of market impact, before any broker commission.

Is Forward Air Corporation a liquid stock?

Forward Air Corporation trades about $7.4M a day, in the very thin liquidity tier of PreTrAIde's model, with an estimated quoted spread of 254.2 bps.

How volatile is Forward Air Corporation?

Its daily volatility is about 3.08% (very high). The 1-day 95% value at risk on a $10,000 position is about $507.

Analyze FWRD inside your whole basket

A pre-trade analysis adds news, analyst ratings, concentration and an AI verdict (GO, NO-GO or MODIFY) for every stock you plan to trade.

Start your free trial Trading Cost Calculator: Spread, Market Impact and Commission

Similar stocks

FGP · FirstGroup plc Cost of $10k: $171.45 · Very thin ASC · Ardmore Shipping Corp. Cost of $10k: $56.72 · Thin JYD · Jayud Global Logistics Limited Class A Cost of $10k: $327.89 · Very thin ECO · Okeanis Eco Tankers Corp. Cost of $10k: $18.32 · Moderate R · Ryder System, Inc. Cost of $10k: $15.98 · Moderate STNG · Scorpio Tankers Inc. Cost of $10k: $19.53 · Moderate FDXF · FedEx Freight Holding Company, Inc. Cost of $10k: $21.23 · Moderate FRO · Frontline Plc Cost of $10k: $5.61 · Good

All stocks →

Educational content, not investment advice. PreTrAIde is analysis software, not a broker: it never executes orders, and its verdicts are decision support, not recommendations to buy or sell.