Forian Inc Stock Market Value
| FORA Stock | USD 2.06 0.04 1.90% |
| Symbol | Forian |
Forian Inc Price To Book Ratio
Is Health Care Equipment & Supplies 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 Forian. If investors know Forian 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 Forian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Revenue Per Share 0.649 | Quarterly Revenue Growth (0.02) | Return On Assets (0.06) | Return On Equity 0.0563 |
The market value of Forian Inc is measured differently than its book value, which is the value of Forian that is recorded on the company's balance sheet. Investors also form their own opinion of Forian's value that differs from its market value or its book value, called intrinsic value, which is Forian'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 Forian's market value can be influenced by many factors that don't directly affect Forian'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 Forian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forian'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.
Forian '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 Forian'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 Forian.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Forian on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Forian Inc or generate 0.0% return on investment in Forian over 90 days. Forian is related to or competes with Profound Medical, Si Bone, Nevro Corp, Orthopediatrics Corp, Orthofix Medical, Neuropace, and Bioventus. Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the oper... More
Forian 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 Forian'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 Forian Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.67 |
Forian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forian's standard deviation. In reality, there are many statistical measures that can use Forian historical prices to predict the future Forian's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 1.24 |
Forian Inc Backtested Returns
Forian Inc secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Forian Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forian's Mean Deviation of 1.22, variance of 3.11, and Standard Deviation of 1.76 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Forian are expected to decrease at a much lower rate. During the bear market, Forian is likely to outperform the market. At this point, Forian Inc has a negative expected return of -0.23%. Please make sure to confirm Forian's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Forian Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Forian Inc has below average predictability. Overlapping area represents the amount of predictability between Forian time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Forian Inc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Forian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Forian Inc lagged returns against current returns
Autocorrelation, which is Forian 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 Forian's stock expected returns. We can calculate the autocorrelation of Forian returns to help us make a trade decision. For example, suppose you find that Forian 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 |
Forian 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 Forian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forian stock over time.
Current vs Lagged Prices |
| Timeline |
Forian Lagged Returns
When evaluating Forian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forian stock have on its future price. Forian 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, Forian autocorrelation shows the relationship between Forian stock current value and its past values and can show if there is a momentum factor associated with investing in Forian Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Forian Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Forian's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Forian Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Forian Inc Stock:Check out Forian Correlation, Forian Volatility and Forian Alpha and Beta module to complement your research on Forian. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Forian 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.