Forward Industries Stock Market Value
| FORD Stock | USD 4.41 0.11 2.43% |
| Symbol | Forward |
Forward Industries Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Forward Industries. If investors know Forward 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 Forward Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Earnings Share (0.91) | Revenue Per Share 31.168 | Quarterly Revenue Growth (0.09) | Return On Assets (0.04) |
The market value of Forward Industries is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Industries' value that differs from its market value or its book value, called intrinsic value, which is Forward Industries' 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 Forward Industries' market value can be influenced by many factors that don't directly affect Forward Industries' 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 Forward Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Industries' 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.
Forward Industries '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 Forward Industries' 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 Forward Industries.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Forward Industries on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Forward Industries or generate 0.0% return on investment in Forward Industries over 720 days. Forward Industries is related to or competes with Crocs, On Holding, Deckers Outdoor, Adidas AG, Skechers USA, Nike, and Designer Brands. Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutio... More
Forward Industries 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 Forward Industries' 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 Forward Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.0677 | |||
| Maximum Drawdown | 72.86 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 5.37 |
Forward Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forward Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forward Industries' standard deviation. In reality, there are many statistical measures that can use Forward Industries historical prices to predict the future Forward Industries' volatility.| Risk Adjusted Performance | 0.0662 | |||
| Jensen Alpha | 0.4965 | |||
| Total Risk Alpha | 0.3191 | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | 0.2526 |
Forward Industries Backtested Returns
Forward Industries appears to be very risky, given 3 months investment horizon. Forward Industries secures Sharpe Ratio (or Efficiency) of 0.0765, which denotes the company had a 0.0765% return per unit of risk over the last 3 months. By reviewing Forward Industries' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Forward Industries' Coefficient Of Variation of 1388.18, downside deviation of 5.07, and Mean Deviation of 3.37 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Forward Industries holds a performance score of 6. The firm shows a Beta (market volatility) of 2.17, 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, Forward Industries will likely underperform. Please check Forward Industries' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Forward Industries' price patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Forward Industries has excellent predictability. Overlapping area represents the amount of predictability between Forward Industries time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Forward Industries price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Forward Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
Forward Industries lagged returns against current returns
Autocorrelation, which is Forward Industries 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 Forward Industries' stock expected returns. We can calculate the autocorrelation of Forward Industries returns to help us make a trade decision. For example, suppose you find that Forward Industries 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 |
Forward Industries 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 Forward Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forward Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forward Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Forward Industries Lagged Returns
When evaluating Forward Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forward Industries stock have on its future price. Forward Industries 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, Forward Industries autocorrelation shows the relationship between Forward Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Forward Industries.
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 Forward Industries is a strong investment it is important to analyze Forward Industries' 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 Forward Industries' future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:Check out Forward Industries Correlation, Forward Industries Volatility and Forward Industries Alpha and Beta module to complement your research on Forward Industries. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Forward Industries 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.