Forward Industries Stock Probability of Future Stock Price Finishing Over 3.89
| FORD Stock | USD 4.06 0.13 3.31% |
Forward |
Forward Industries Target Price Odds to finish over 3.89
The tendency of Forward Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 3.89 in 90 days |
| 4.06 | 90 days | 3.89 | about 30.85 |
Based on a normal probability distribution, the odds of Forward Industries to stay above $ 3.89 in 90 days from now is about 30.85 (This Forward Industries probability density function shows the probability of Forward Stock to fall within a particular range of prices over 90 days) . Probability of Forward Industries price to stay between $ 3.89 and its current price of $4.06 at the end of the 90-day period is about 16.55 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.48 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Forward Industries will likely underperform. Additionally Forward Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Forward Industries Price Density |
| Price |
Predictive Modules for Forward Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Forward Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Forward Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Forward Industries is not an exception. The market had few large corrections towards the Forward Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Forward Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Forward Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 2.48 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | 0.02 |
Forward Industries Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Forward Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Forward Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Forward Industries had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 36.69 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 8.37 M. | |
| About 17.0% of the company shares are held by company insiders | |
| Latest headline from ibtimes.com: Walmart Caves To Right And Cuts DEI Programs We Arent Perfect |
Forward Industries Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Forward Stock often depends not only on the future outlook of the current and potential Forward Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Forward Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.1 M | |
| Cash And Short Term Investments | 3.2 M |
Forward Industries Technical Analysis
Forward Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Forward Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Forward Industries. In general, you should focus on analyzing Forward Stock price patterns and their correlations with different microeconomic environments and drivers.
Forward Industries Predictive Forecast Models
Forward Industries' time-series forecasting models is one of many Forward Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Forward Industries' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Forward Industries
Checking the ongoing alerts about Forward Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Forward Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Forward Industries had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 36.69 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 8.37 M. | |
| About 17.0% of the company shares are held by company insiders | |
| Latest headline from ibtimes.com: Walmart Caves To Right And Cuts DEI Programs We Arent Perfect |
Check out Forward Industries Backtesting, Forward Industries Valuation, Forward Industries Correlation, Forward Industries Hype Analysis, Forward Industries Volatility, Forward Industries History as well as Forward Industries Performance. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Apparel, Accessories & Luxury Goods space 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 Forward Industries. If investors know Forward 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 Forward Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Earnings Share (0.91) | Revenue Per Share 31.168 | Quarterly Revenue Growth (0.09) | Return On Assets (0.04) |
The market value of Forward Industries is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Industries' value that differs from its market value or its book value, called intrinsic value, which is Forward Industries' 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 Forward Industries' market value can be influenced by many factors that don't directly affect Forward Industries' 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 Forward Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Industries' 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.