Foraco International Sa Stock Market Value

FRACF Stock  USD 1.99  0.00  0.00%   
Foraco International's market value is the price at which a share of Foraco International trades on a public exchange. It measures the collective expectations of Foraco International SA investors about its performance. Foraco International is trading at 1.99 as of the 28th of March 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 1.99.
With this module, you can estimate the performance of a buy and hold strategy of Foraco International SA and determine expected loss or profit from investing in Foraco International over a given investment horizon. Check out Foraco International Correlation, Foraco International Volatility and Foraco International Alpha and Beta module to complement your research on Foraco International.
Symbol

Please note, there is a significant difference between Foraco International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foraco International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foraco International'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.

Foraco International '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 Foraco International's pink sheet 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 Foraco International.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Foraco International on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Foraco International SA or generate 0.0% return on investment in Foraco International over 30 days. Foraco International is related to or competes with BHP Group, Rio Tinto, Kroger, SCOR PK, Franklin Strategic, Barloworld, and Pinnacle Sherman. Foraco International SA, together with its subsidiaries, provides drilling services worldwide More

Foraco International 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 Foraco International's pink sheet 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 Foraco International SA upside and downside potential and time the market with a certain degree of confidence.

Foraco International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Foraco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foraco International's standard deviation. In reality, there are many statistical measures that can use Foraco International historical prices to predict the future Foraco International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foraco International'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.
Hype
Prediction
LowEstimatedHigh
0.101.994.88
Details
Intrinsic
Valuation
LowRealHigh
0.081.604.49
Details
Naive
Forecast
LowNextHigh
0.041.904.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.991.991.99
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Foraco International. Your research has to be compared to or analyzed against Foraco International's peers to derive any actionable benefits. When done correctly, Foraco International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Foraco International.

Foraco International Backtested Returns

Foraco International appears to be very risky, given 3 months investment horizon. Foraco International secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Foraco International SA, which you can use to evaluate the volatility of the firm. Please utilize Foraco International's Mean Deviation of 1.39, variance of 8.04, and Standard Deviation of 2.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Foraco International holds a performance score of 12. The firm shows a Beta (market volatility) of -0.97, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Foraco International are expected to decrease slowly. On the other hand, during market turmoil, Foraco International is expected to outperform it slightly. Please check Foraco International's potential upside, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Foraco International's price patterns will revert.

Auto-correlation

    
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No correlation between past and present

Foraco International SA has no correlation between past and present. Overlapping area represents the amount of predictability between Foraco International time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Foraco International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Foraco International price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

Foraco International lagged returns against current returns

Autocorrelation, which is Foraco International pink sheet'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 Foraco International's pink sheet expected returns. We can calculate the autocorrelation of Foraco International returns to help us make a trade decision. For example, suppose you find that Foraco International has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

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

Foraco International Lagged Returns

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

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Check out Foraco International Correlation, Foraco International Volatility and Foraco International Alpha and Beta module to complement your research on Foraco International.
Note that the Foraco International information on this page should be used as a complementary analysis to other Foraco International'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 the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Foraco Pink Sheet analysis

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