Forum Energy Technologies Stock Market Value
| FET Stock | USD 14.89 0.11 0.74% |
| Symbol | Forum |
Forum Energy Technologies Price To Book Ratio
Is Oil & Gas Equipment & Services 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 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.
Quarterly Earnings Growth (0.58) | Earnings Share (4.23) | Revenue Per Share 68.014 | Quarterly Revenue Growth 0.159 | Return On Assets 0.0226 |
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 if Forum Energy is a good investment 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.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Forum Energy on December 2, 2022 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 720 days. Forum Energy is related to or competes with Natural Gas, Enerflex, Now, Newpark Resources, Bristow, Helix Energy, and Oceaneering International. 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.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 4.69 |
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Forum Energy Technologies Backtested Returns
Forum Energy Technologies secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Forum Energy Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forum Energy's Mean Deviation of 1.81, variance of 5.8, and Standard Deviation of 2.41 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.27, 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, Forum Energy will likely underperform. At this point, Forum Energy Technologies has a negative expected return of -0.26%. Please make sure to confirm Forum Energy's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Forum Energy Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Forum Energy Technologies has good predictability. Overlapping area represents the amount of predictability between Forum Energy time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Forum Energy Technologies price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Forum Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 4.99 |
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 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 |
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 |
| 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 |
| Timeline |
Thematic Opportunities
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Additional Tools for Forum Stock Analysis
When running Forum Energy's 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 the 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.