Forum Stock Market Value

FET
 Stock
  

USD 19.31  0.31  1.58%   

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 Hype Analysis, Forum Energy Correlation, Forum Energy Valuation, Forum Energy Volatility, as well as analyze Forum Energy Alpha and Beta and Forum Energy Performance.
Symbol
Backtest


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
110.5 M
Quarterly Revenue Growth YOY
0.36
Return On Assets
-0.0254
Return On Equity
-0.18
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
11/04/2021
No Change 0.00  0.0 
In 7 months and 28 days
07/02/2022
0.00
If you would invest  0.00  in Forum Energy on November 4, 2021 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 240 days. Forum Energy is related to or competes with Core Laboratories, Halliburton, B of A, ATT, Cisco Systems, JP Morgan, and Walmart. 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
15.7419.3422.94
Details
Intrinsic
Valuation
LowReal ValueHigh
18.7422.3425.94
Details
Naive
Forecast
LowNext ValueHigh
16.4520.0423.64
Details
1 Analysts
Consensus
LowTarget PriceHigh
30.0030.0030.00
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 Technologies secures Sharpe Ratio (or Efficiency) of -0.0698, which denotes the company had -0.0698% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Forum Energy Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Forum Energy Technologies coefficient of variation of (1,749), and Mean Deviation of 2.67 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.2144, which means a somewhat significant risk relative to the market. Let's try to break down what Forum'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, Forum Energy will likely underperform. Even though it is essential to pay attention to Forum Energy Technologies historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Forum Energy Technologies exposes twenty-one different technical indicators, which can help you to evaluate its performance. Forum Energy Technologies has an expected return of -0.25%. Please be advised to confirm Forum Energy Technologies variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Forum Energy Technologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.14  

Insignificant predictability

Forum Energy Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Forum Energy time series from 4th of November 2021 to 4th of March 2022 and 4th of March 2022 to 2nd of July 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 0.14 indicates that less than 14.0% of current Forum Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test-0.35
Residual Average0.0
Price Variance2.8

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 
Share
      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 
Share
      Timeline 

Forum Energy Investors Sentiment

The influence of Forum Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Forum. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Forum Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Forum Energy's short interest history, or implied volatility extrapolated from Forum Energy options trading.

Current Sentiment - FET

Forum Energy Technologies Investor Sentiment

Greater number of Macroaxis users are currently bullish on Forum Energy Technologies. What is your opinion about investing in Forum Energy Technologies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please check Forum Energy Hype Analysis, Forum Energy Correlation, Forum Energy Valuation, Forum Energy Volatility, as well as analyze Forum Energy Alpha and Beta and Forum Energy Performance. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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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...