Forian Inc Stock Market Value
| FORA Stock | USD 2.65 0.13 5.16% |
| Symbol | Forian |
Forian Inc Price To Book Ratio
Is Forian'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 Forian. If investors know Forian 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 Forian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.05 | Revenue Per Share 0.639 | Quarterly Revenue Growth 0.08 | Return On Assets (0.06) | Return On Equity 0.0898 |
The market value of Forian Inc is measured differently than its book value, which is the value of Forian that is recorded on the company's balance sheet. Investors also form their own opinion of Forian's value that differs from its market value or its book value, called intrinsic value, which is Forian'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 Forian's market value can be influenced by many factors that don't directly affect Forian'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 Forian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forian'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.
Forian '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 Forian'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 Forian.
| 05/01/2022 |
| 04/20/2024 |
If you would invest 0.00 in Forian on May 1, 2022 and sell it all today you would earn a total of 0.00 from holding Forian Inc or generate 0.0% return on investment in Forian over 720 days. Forian is related to or competes with Agilent Technologies, Illumina, Waters, Thermo Fisher, Mettler Toledo, Charles River, and Guardant Health. Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the oper... More
Forian 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 Forian'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 Forian Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.78 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 28.49 | |||
| Value At Risk | (7.34) | |||
| Potential Upside | 5.81 |
Forian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forian's standard deviation. In reality, there are many statistical measures that can use Forian historical prices to predict the future Forian's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.0566 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.018 | |||
| Treynor Ratio | 0.1161 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Forian'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.
Forian Inc Backtested Returns
We consider Forian risky. Forian Inc secures Sharpe Ratio (or Efficiency) of 0.0058, which denotes the company had a 0.0058% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Forian Inc, which you can use to evaluate the volatility of the firm. Please confirm Forian's Coefficient Of Variation of 2628.45, mean deviation of 3.38, and Downside Deviation of 4.78 to check if the risk estimate we provide is consistent with the expected return of 0.0263%. The firm shows a Beta (market volatility) of 1.39, 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, Forian will likely underperform. Forian Inc right now shows a risk of 4.51%. Please confirm Forian Inc expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Forian Inc will be following its price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Forian Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Forian time series from 1st of May 2022 to 26th of April 2023 and 26th of April 2023 to 20th of April 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 Forian Inc price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Forian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Forian Inc lagged returns against current returns
Autocorrelation, which is Forian 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 Forian's stock expected returns. We can calculate the autocorrelation of Forian returns to help us make a trade decision. For example, suppose you find that Forian 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 |
Forian 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 Forian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forian stock over time.
Current vs Lagged Prices |
| Timeline |
Forian Lagged Returns
When evaluating Forian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forian stock have on its future price. Forian 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, Forian autocorrelation shows the relationship between Forian stock current value and its past values and can show if there is a momentum factor associated with investing in Forian Inc.
Regressed Prices |
| Timeline |
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 Forian 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, Forian's short interest history, or implied volatility extrapolated from Forian options trading.
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Complementary Tools for Forian Stock analysis
When running Forian's price analysis, check to measure Forian'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 Forian is operating at the current time. Most of Forian's value examination focuses on studying past and present price action to predict the probability of Forian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forian's price. Additionally, you may evaluate how the addition of Forian to your portfolios can decrease your overall portfolio volatility.
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Forian 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.