Forum Energy's market value is the price at which a share of Forum Energy trades on a public exchange. It measures the collective expectations of Forum Energy Metals investors about its performance. Forum Energy is trading at 0.037 as of the 1st of March 2025. This is a 23.33% increase since the beginning of the trading day. The stock's lowest day price was 0.0343. With this module, you can estimate the performance of a buy and hold strategy of Forum Energy Metals and determine expected loss or profit from investing in Forum Energy over a given investment horizon. Check out Forum Energy Correlation, Forum Energy Volatility and Forum Energy Alpha and Beta module to complement your research on Forum Energy.
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 otc 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.
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01/30/2025
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In 31 days
03/01/2025
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If you would invest 0.00 in Forum Energy on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Forum Energy Metals or generate 0.0% return on investment in Forum Energy over 30 days. Forum Energy is related to or competes with NGEx Minerals, Boss Resources, and Global Atomic. Forum Energy Metals Corp. engages in the evaluation, acquisition, exploration, and development of natural resource prope... 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 otc 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 Metals upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Forum Energy. Your research has to be compared to or analyzed against Forum Energy's peers to derive any actionable benefits. When done correctly, Forum Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Forum Energy Metals.
Forum Energy Metals Backtested Returns
Forum Energy Metals secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of risk over the last 3 months. Forum Energy Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forum Energy's Variance of 95.36, standard deviation of 9.77, and Mean Deviation of 4.92 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.81, 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, Forum Energy will likely underperform. At this point, Forum Energy Metals has a negative expected return of -0.058%. Please make sure to confirm Forum Energy's potential upside and the relationship between the accumulation distribution and period momentum indicator , to decide if Forum Energy Metals performance from the past will be repeated at some point in the near future.
Correlation Coefficient
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Spearman Rank Test
-0.45
Residual Average
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Price Variance
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Forum Energy Metals lagged returns against current returns
Autocorrelation, which is Forum Energy otc 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 otc 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 otc 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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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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forum Energy otc 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 otc stock over time.
Current vs Lagged Prices
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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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Forum Energy Metals.
Forum Energy financial ratios help investors to determine whether Forum OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Forum with respect to the benefits of owning Forum Energy security.