Forum Energy Technologies Stock Probability of Future Stock Price Finishing Under 13.98
| FET Stock | USD 14.97 0.08 0.53% |
Forum |
Forum Energy Target Price Odds to finish below 13.98
The tendency of Forum 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 drop to $ 13.98 or more in 90 days |
| 14.97 | 90 days | 13.98 | under 4 |
Based on a normal probability distribution, the odds of Forum Energy to drop to $ 13.98 or more in 90 days from now is under 4 (This Forum Energy Technologies probability density function shows the probability of Forum Stock to fall within a particular range of prices over 90 days) . Probability of Forum Energy Technologies price to stay between $ 13.98 and its current price of $14.97 at the end of the 90-day period is about 37.14 .
Considering the 90-day investment horizon Forum Energy has a beta of 0.68. This usually indicates as returns on the market go up, Forum Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Forum Energy Technologies will be expected to be much smaller as well. Additionally Forum Energy Technologies 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. Forum Energy Price Density |
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Predictive Modules for Forum Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Forum Energy Technologies. 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.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Forum Energy is not an exception. The market had few large corrections towards the Forum Energy's 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 Forum Energy Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Forum Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.68 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.05 |
Forum Energy 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 Forum Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Forum Energy Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Forum Energy generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 738.86 M. Reported Net Loss for the year was (18.88 M) with profit before taxes, overhead, and interest of 188.53 M. | |
| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Disposition of 2000 shares by C Gaut of Forum Energy at 15.31 subject to Rule 16b-3 |
Forum Energy 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 Forum Stock often depends not only on the future outlook of the current and potential Forum Energy's 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. Forum Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.2 M | |
| Cash And Short Term Investments | 46.2 M |
Forum Energy Technical Analysis
Forum Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Forum Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Forum Energy Technologies. In general, you should focus on analyzing Forum Stock price patterns and their correlations with different microeconomic environments and drivers.
Forum Energy Predictive Forecast Models
Forum Energy's time-series forecasting models is one of many Forum Energy's 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 Forum Energy's 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 Forum Energy Technologies
Checking the ongoing alerts about Forum Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Forum Energy Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Forum Energy generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 738.86 M. Reported Net Loss for the year was (18.88 M) with profit before taxes, overhead, and interest of 188.53 M. | |
| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Disposition of 2000 shares by C Gaut of Forum Energy at 15.31 subject to Rule 16b-3 |
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.