Forza X1 Price on August 18, 2023
FRZADelisted Stock | USD 0.24 0.03 14.29% |
If you're considering investing in Forza Stock, it is important to understand the factors that can impact its price. As of today, the current price of Forza X1 stands at 0.24, as last reported on the 27th of December, with the highest price reaching 0.24 and the lowest price hitting 0.19 during the day. Forza X1 secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. Forza X1 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forza X1's Mean Deviation of 5.51, standard deviation of 7.87, and Variance of 61.91 to check the risk estimate we provide.
Forza Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Forza |
Sharpe Ratio = -0.1505
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | FRZA |
Estimated Market Risk
11.68 actual daily | 96 96% of assets are less volatile |
Expected Return
-1.76 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Forza X1 is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Forza X1 by adding Forza X1 to a well-diversified portfolio.
Forza X1 Valuation on August 18, 2023
It is possible to determine the worth of Forza X1 on a given historical date. On August 18, 2023 Forza was worth 1.0 at the beginning of the trading date compared to the closed value of 1.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forza X1 stock. Still, in general, we apply an absolute valuation method to find Forza X1's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Forza X1 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forza X1's related companies.
Open | High | Low | Close | Volume | |
1.04 | 1.06 | 0.94 | 0.98 | 226,800 | |
08/18/2023 | 1.00 | 1.04 | 0.98 | 1.03 | 54,300 |
1.03 | 1.04 | 1.01 | 1.01 | 51,700 |
Backtest Forza X1 | | | Forza X1 History | | | Forza X1 Valuation | Previous | Next |
Forza X1 Trading Date Momentum on August 18, 2023
On August 21 2023 Forza X1 was traded for 1.01 at the closing time. The top price for the day was 1.04 and the lowest listed price was 1.01 . The trading volume for the day was 51.7 K. The trading history from August 21, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.94% . The overall trading delta against the current closing price is 3.88% . |
Forza X1 Fundamentals Correlations and Trends
By evaluating Forza X1's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Forza X1's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forza financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forza X1 Stock history
Forza X1 investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Forza is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forza X1 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Forza X1 stock prices may prove useful in developing a viable investing in Forza X1
Forza X1, Inc. focuses on designing, developing, and manufacturing fully electric boats in the United States. Forza X1, Inc. operates as a subsidiary of Twin Vee Powercats Co. Forza X1 operates under Recreational Vehicles classification in the United States and is traded on NASDAQ Exchange. It employs 5 people.
Forza X1 Stock Technical Analysis
Forza X1 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Forza X1 Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Forza X1 cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Forza X1 December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Forza X1 stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forza X1 shares will generate the highest return on investment. By undertsting and applying Forza X1 stock market strength indicators, traders can identify Forza X1 entry and exit signals to maximize returns
Forza X1 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forza X1's price direction in advance. Along with the technical and fundamental analysis of Forza Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forza to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.40) | |||
Total Risk Alpha | (0.83) | |||
Treynor Ratio | 3.46 |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Forza Stock
If you are still planning to invest in Forza X1 check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Forza X1's history and understand the potential risks before investing.
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |