Forge Global Holdings Stock Market Value
| FRGE Stock | USD 1.15 0.02 1.77% |
| Symbol | Forge |
Forge Global Holdings Price To Book Ratio
Is Application Software 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 Forge Global. If investors know Forge 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 Forge 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 (0.43) | Revenue Per Share 0.445 | Quarterly Revenue Growth 0.333 | Return On Assets (0.18) | Return On Equity (0.29) |
The market value of Forge Global Holdings is measured differently than its book value, which is the value of Forge that is recorded on the company's balance sheet. Investors also form their own opinion of Forge Global's value that differs from its market value or its book value, called intrinsic value, which is Forge 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 Forge Global's market value can be influenced by many factors that don't directly affect Forge 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 Forge Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forge Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forge 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.
Forge 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 Forge 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 Forge Global.
| 10/06/2024 |
| 11/05/2024 |
If you would invest 0.00 in Forge Global on October 6, 2024 and sell it all today you would earn a total of 0.00 from holding Forge Global Holdings or generate 0.0% return on investment in Forge Global over 30 days. Forge Global is related to or competes with Clearwater Analytics, Expensify, Envestnet, CS Disco, Amplitude, VTEX, and Enfusion. Forge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private mar... More
Forge 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 Forge 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 Forge Global Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.33 | |||
| Value At Risk | (6.72) | |||
| Potential Upside | 5.97 |
Forge Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forge Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forge Global's standard deviation. In reality, there are many statistical measures that can use Forge Global historical prices to predict the future Forge Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.06) |
Forge Global Holdings Backtested Returns
Forge Global Holdings secures Sharpe Ratio (or Efficiency) of -0.0332, which denotes the company had a -0.0332% return per unit of risk over the last 3 months. Forge Global Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forge Global's Standard Deviation of 4.12, mean deviation of 3.28, and Variance of 17.0 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.75, 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, Forge Global will likely underperform. At this point, Forge Global Holdings has a negative expected return of -0.13%. Please make sure to confirm Forge Global's day median price, period momentum indicator, as well as the relationship between the accumulation distribution and potential upside , to decide if Forge Global Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Forge Global Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Forge Global time series from 6th of October 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Forge Global Holdings price movement. The serial correlation of -0.5 indicates that about 50.0% of current Forge Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Forge Global Holdings lagged returns against current returns
Autocorrelation, which is Forge 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 Forge Global's stock expected returns. We can calculate the autocorrelation of Forge Global returns to help us make a trade decision. For example, suppose you find that Forge 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 |
| Timeline |
Forge 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 Forge Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forge Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forge Global stock over time.
Current vs Lagged Prices |
| Timeline |
Forge Global Lagged Returns
When evaluating Forge Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forge Global stock have on its future price. Forge 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, Forge Global autocorrelation shows the relationship between Forge Global stock current value and its past values and can show if there is a momentum factor associated with investing in Forge Global Holdings.
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 Forge Global Holdings is a strong investment it is important to analyze Forge 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 Forge Global's future performance. For an informed investment choice regarding Forge Stock, refer to the following important reports:Check out Forge Global Correlation, Forge Global Volatility and Forge Global Alpha and Beta module to complement your research on Forge Global. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Forge 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.