Forafric Global Plc Stock Market Value
| AFRIW Stock | USD 1.09 0.06 5.22% |
| Symbol | Forafric |
Forafric Global PLC Price To Book Ratio
Is Packaged Foods & Meats 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 Forafric Global. If investors know Forafric 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 Forafric Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 11.365 | Quarterly Revenue Growth 0.186 | Return On Assets 0.0023 | Return On Equity (0.34) |
The market value of Forafric Global PLC is measured differently than its book value, which is the value of Forafric that is recorded on the company's balance sheet. Investors also form their own opinion of Forafric Global's value that differs from its market value or its book value, called intrinsic value, which is Forafric Global'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 Forafric Global's market value can be influenced by many factors that don't directly affect Forafric Global'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 Forafric Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forafric Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forafric Global'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.
Forafric Global '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 Forafric Global'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 Forafric Global.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Forafric Global on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Forafric Global PLC or generate 0.0% return on investment in Forafric Global over 720 days. Forafric Global is related to or competes with Forafric Global, Reservoir Media, Arbe Robotics, and ADS TEC. Forafric Global is entity of United States More
Forafric Global 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 Forafric Global'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 Forafric Global PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 32.86 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.71 |
Forafric Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forafric Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forafric Global's standard deviation. In reality, there are many statistical measures that can use Forafric Global historical prices to predict the future Forafric Global's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.04) |
Forafric Global PLC Backtested Returns
Forafric Global is out of control given 3 months investment horizon. Forafric Global PLC secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 19.7% are justified by taking the suggested risk. Use Forafric Global Standard Deviation of 6.23, mean deviation of 4.07, and Variance of 38.84 to evaluate company specific risk that cannot be diversified away. Forafric Global holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.81, 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, Forafric Global will likely underperform. Use Forafric Global jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to analyze future returns on Forafric Global.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Forafric Global PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Forafric Global time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 Forafric Global PLC price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Forafric Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Forafric Global PLC lagged returns against current returns
Autocorrelation, which is Forafric Global 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 Forafric Global's stock expected returns. We can calculate the autocorrelation of Forafric Global returns to help us make a trade decision. For example, suppose you find that Forafric Global 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 |
Forafric Global 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 Forafric Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forafric Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forafric Global stock over time.
Current vs Lagged Prices |
| Timeline |
Forafric Global Lagged Returns
When evaluating Forafric Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forafric Global stock have on its future price. Forafric Global 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, Forafric Global autocorrelation shows the relationship between Forafric Global stock current value and its past values and can show if there is a momentum factor associated with investing in Forafric Global PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Forafric Stock Analysis
When running Forafric Global's price analysis, check to measure Forafric Global'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 Forafric Global is operating at the current time. Most of Forafric Global's value examination focuses on studying past and present price action to predict the probability of Forafric Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forafric Global's price. Additionally, you may evaluate how the addition of Forafric Global to your portfolios can decrease your overall portfolio volatility.