Forward Water Technologies Stock Market Value
| FWTC Stock | 0.08 0.00 0.00% |
| Symbol | Forward |
Forward Water '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 Water'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 Forward Water.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Forward Water on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Forward Water Technologies or generate 0.0% return on investment in Forward Water over 720 days. Forward Water is related to or competes with Alphabet, Microsoft Corp, NVIDIA CDR, Tesla, INTEL CDR, NIKE, and QUALCOMM Incorporated. Forward Water is entity of Canada. It is traded as Stock on V exchange. More
Forward Water 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 Water'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 Forward Water Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.55 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 63.91 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 15.79 |
Forward Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forward Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forward Water's standard deviation. In reality, there are many statistical measures that can use Forward Water historical prices to predict the future Forward Water's volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | 0.0788 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Forward Water's 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.
Forward Water Techno Backtested Returns
Forward Water Techno secures Sharpe Ratio (or Efficiency) of -0.0263, which denotes the company had a -0.0263% return per unit of risk over the last 3 months. Forward Water Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forward Water's Coefficient Of Variation of 13505.06, mean deviation of 4.7, and Downside Deviation of 12.55 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.86, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Forward Water are expected to decrease slowly. On the other hand, during market turmoil, Forward Water is expected to outperform it slightly. At this point, Forward Water Techno has a negative expected return of -0.24%. Please make sure to confirm Forward Water's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Forward Water Techno performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Forward Water Technologies has good predictability. Overlapping area represents the amount of predictability between Forward Water time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Water Techno price movement. The serial correlation of 0.78 indicates that around 78.0% of current Forward Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Forward Water Techno lagged returns against current returns
Autocorrelation, which is Forward Water 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 Water's stock expected returns. We can calculate the autocorrelation of Forward Water returns to help us make a trade decision. For example, suppose you find that Forward Water 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 Water 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 Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forward Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forward Water stock over time.
Current vs Lagged Prices |
| Timeline |
Forward Water Lagged Returns
When evaluating Forward Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forward Water stock have on its future price. Forward Water 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 Water autocorrelation shows the relationship between Forward Water stock current value and its past values and can show if there is a momentum factor associated with investing in Forward Water Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Forward Stock Analysis
When running Forward Water's price analysis, check to measure Forward Water's 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 Forward Water is operating at the current time. Most of Forward Water's value examination focuses on studying past and present price action to predict the probability of Forward Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Water's price. Additionally, you may evaluate how the addition of Forward Water to your portfolios can decrease your overall portfolio volatility.