Forafric Global Plc Stock Market Value
| AFRI Stock | USD 10.17 0.07 0.69% |
| 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 (0.47) | 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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Forafric Global on October 29, 2024 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 30 days. Forafric Global is related to or competes with Forafric Global, GrainCorp, Australian Agricultural, Fresh Del, Alico, SW Seed, and Adecoagro. Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and co... 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 | (0.19) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.22 |
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 | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.21) |
Forafric Global PLC Backtested Returns
Forafric Global PLC secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Forafric Global PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forafric Global's Mean Deviation of 1.19, standard deviation of 1.5, and Variance of 2.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, Forafric Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Forafric Global is expected to be smaller as well. At this point, Forafric Global PLC has a negative expected return of -0.15%. Please make sure to confirm Forafric Global's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Forafric Global PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Forafric Global PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Forafric Global time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 -0.07 indicates that barely 7.0% of current Forafric Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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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 |
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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 |
Currently Active Assets on Macroaxis
When determining whether Forafric Global PLC is a strong investment it is important to analyze Forafric Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forafric Global's future performance. For an informed investment choice regarding Forafric Stock, refer to the following important reports:Check out Forafric Global Correlation, Forafric Global Volatility and Forafric Global Alpha and Beta module to complement your research on Forafric Global. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Forafric Global 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, stock market cycles, or different charting patterns.