Foresight Autonomous Holdings Stock Market Value
| FRSX Stock | USD 0.64 0.03 4.92% |
| Symbol | Foresight |
Foresight Autonomous Price To Book Ratio
Is Automotive Parts & Equipment 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 Foresight Autonomous. If investors know Foresight 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 Foresight Autonomous listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share 0.06 | Quarterly Revenue Growth 0.836 | Return On Assets (0.44) | Return On Equity (0.82) |
The market value of Foresight Autonomous is measured differently than its book value, which is the value of Foresight that is recorded on the company's balance sheet. Investors also form their own opinion of Foresight Autonomous' value that differs from its market value or its book value, called intrinsic value, which is Foresight Autonomous' 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 Foresight Autonomous' market value can be influenced by many factors that don't directly affect Foresight Autonomous' 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 Foresight Autonomous' value and its price as these two are different measures arrived at by different means. Investors typically determine if Foresight Autonomous is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foresight Autonomous' 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.
Foresight Autonomous '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 Foresight Autonomous' 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 Foresight Autonomous.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Foresight Autonomous on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Foresight Autonomous Holdings or generate 0.0% return on investment in Foresight Autonomous over 30 days. Foresight Autonomous is related to or competes with Ford, GM, Goodyear Tire, Li Auto, Toyota, ZEEKR Intelligent, and Dorman Products. Foresight Autonomous Holdings Ltd., a technology company, engages in the design, development, and commercialization of s... More
Foresight Autonomous 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 Foresight Autonomous' 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 Foresight Autonomous Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 6.06 |
Foresight Autonomous Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foresight Autonomous' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foresight Autonomous' standard deviation. In reality, there are many statistical measures that can use Foresight Autonomous historical prices to predict the future Foresight Autonomous' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Foresight Autonomous' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Foresight Autonomous Backtested Returns
Foresight Autonomous secures Sharpe Ratio (or Efficiency) of -0.0702, which denotes the company had a -0.0702% return per unit of risk over the last 3 months. Foresight Autonomous Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foresight Autonomous' Variance of 10.82, standard deviation of 3.29, and Mean Deviation of 2.62 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, Foresight Autonomous' returns are expected to increase less than the market. However, during the bear market, the loss of holding Foresight Autonomous is expected to be smaller as well. At this point, Foresight Autonomous has a negative expected return of -0.23%. Please make sure to confirm Foresight Autonomous' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Foresight Autonomous performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Foresight Autonomous Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Foresight Autonomous time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Foresight Autonomous price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Foresight Autonomous price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Foresight Autonomous lagged returns against current returns
Autocorrelation, which is Foresight Autonomous 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 Foresight Autonomous' stock expected returns. We can calculate the autocorrelation of Foresight Autonomous returns to help us make a trade decision. For example, suppose you find that Foresight Autonomous 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 |
Foresight Autonomous 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 Foresight Autonomous stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foresight Autonomous stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foresight Autonomous stock over time.
Current vs Lagged Prices |
| Timeline |
Foresight Autonomous Lagged Returns
When evaluating Foresight Autonomous' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foresight Autonomous stock have on its future price. Foresight Autonomous 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, Foresight Autonomous autocorrelation shows the relationship between Foresight Autonomous stock current value and its past values and can show if there is a momentum factor associated with investing in Foresight Autonomous 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.Additional Tools for Foresight Stock Analysis
When running Foresight Autonomous' price analysis, check to measure Foresight Autonomous' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Foresight Autonomous is operating at the current time. Most of Foresight Autonomous' value examination focuses on studying past and present price action to predict the probability of Foresight Autonomous' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foresight Autonomous' price. Additionally, you may evaluate how the addition of Foresight Autonomous to your portfolios can decrease your overall portfolio volatility.