Forum Stock Market Value

FET
 Stock
  

USD 30.17  0.05  0.17%   

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


Is Forum Energy'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 Forum Energy. If investors know Forum 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 Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
166.6 M
Quarterly Revenue Growth YOY
0.29
Return On Assets
(0.0045) 
Return On Equity
(0.94) 
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy'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 Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy'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 Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Forum Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy'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.

Forum Energy '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 Forum Energy'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 Forum Energy.
0.00
11/02/2022
No Change 0.00  0.0 
In 31 days
12/02/2022
0.00
If you would invest  0.00  in Forum Energy on November 2, 2022 and sell it all today you would earn a total of 0.00 from holding Forum Energy Technologies or generate 0.0% return on investment in Forum Energy over 30 days. Forum Energy is related to or competes with Etsy, Alcoa Corp, GROWTH FUND, Walmart, and VANGUARD SMALL-CAP. Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial... More

Forum Energy 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 Forum Energy'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 Forum Energy Technologies upside and downside potential and time the market with a certain degree of confidence.

Forum Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Forum Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forum Energy's standard deviation. In reality, there are many statistical measures that can use Forum Energy historical prices to predict the future Forum Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Forum Energy'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 Forum Energy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.1729.7332.29
Details
Intrinsic
Valuation
LowReal ValueHigh
25.6728.2330.79
Details
1 Analysts
Consensus
LowTarget PriceHigh
30.0030.0030.00
Details
Earnings
Estimates (1)
LowProjected EPSHigh
-9.67-9.67-9.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Forum Energy. Your research has to be compared to or analyzed against Forum Energy's peers to derive any actionable benefits. When done correctly, Forum Energy'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 Forum Energy Technologies.

Forum Energy Technologies Backtested Returns

Forum Energy appears to be very steady, given 3 months investment horizon. Forum Energy Technologies secures Sharpe Ratio (or Efficiency) of 0.098, which denotes the company had 0.098% 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-eight technical indicators for Forum Energy Technologies, which you can use to evaluate the future volatility of the firm. Please utilize Forum Energy's Mean Deviation of 1.9, coefficient of variation of 1589.63, and Downside Deviation of 2.37 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Forum Energy holds a performance score of 7. The firm shows a Beta (market volatility) of 0.5675, which means possible diversification benefits within a given portfolio. Let's try to break down what Forum's beta means in this case. As returns on the market increase, Forum Energy returns are expected to increase less than the market. However, during the bear market, the loss on holding Forum Energy will be expected to be smaller as well. Although it is vital to follow Forum Energy Technologies historical returns, it is good to be conservative about what you can do with the information regarding equity 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 Forum Energy Technologies technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please utilizes Forum Energy Technologies value at risk, as well as the relationship between the skewness and day median price to make a quick decision on whether Forum Energy price patterns will revert.

Auto-correlation

    
  0.17  

Very weak predictability

Forum Energy Technologies has very weak predictability. Overlapping area represents the amount of predictability between Forum Energy time series from 2nd of November 2022 to 17th of November 2022 and 17th of November 2022 to 2nd 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 Forum Energy Technologies price movement. The serial correlation of 0.17 indicates that over 17.0% of current Forum Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.49

Forum Energy Technologies lagged returns against current returns

Autocorrelation, which is Forum Energy 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 Forum Energy's stock expected returns. We can calculate the autocorrelation of Forum Energy returns to help us make a trade decision. For example, suppose you find that Forum Energy 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   
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       Timeline  

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

Forum Energy Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Forum Energy 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.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Forum Energy Technologies 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.

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Please check Forum Energy Correlation, Forum Energy Volatility and Forum Energy Alpha and Beta module to complement your research on Forum Energy. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Forum Energy Technologies price analysis, check to measure Forum Energy'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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.
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Forum Energy 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 Forum Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Forum Energy 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...