Forstrong Global's market value is the price at which a share of Forstrong Global trades on a public exchange. It measures the collective expectations of Forstrong Global Income investors about its performance. Forstrong Global is selling at 22.11 as of the 23rd of July 2025; that is 0.05 percent decrease since the beginning of the trading day. The etf's open price was 22.12. With this module, you can estimate the performance of a buy and hold strategy of Forstrong Global Income and determine expected loss or profit from investing in Forstrong Global over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Forstrong
Forstrong 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 Forstrong Global's etf 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 Forstrong Global.
0.00
04/24/2025
No Change 0.00
0.0
In 3 months and 1 day
07/23/2025
0.00
If you would invest 0.00 in Forstrong Global on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Forstrong Global Income or generate 0.0% return on investment in Forstrong Global over 90 days.
Forstrong 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 Forstrong Global's etf 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 Forstrong Global Income upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forstrong Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forstrong Global's standard deviation. In reality, there are many statistical measures that can use Forstrong Global historical prices to predict the future Forstrong Global's volatility.
As of now, Forstrong Etf is very steady. Forstrong Global Income secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the etf had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Forstrong Global Income, which you can use to evaluate the volatility of the entity. Please confirm Forstrong Global's Mean Deviation of 0.1263, coefficient of variation of 707.8, and Standard Deviation of 0.233 to check if the risk estimate we provide is consistent with the expected return of 0.0329%. The etf shows a Beta (market volatility) of 0.0823, which means not very significant fluctuations relative to the market. As returns on the market increase, Forstrong Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Forstrong Global is expected to be smaller as well.
Auto-correlation
0.76
Good predictability
Forstrong Global Income has good predictability. Overlapping area represents the amount of predictability between Forstrong Global time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Forstrong Global Income price movement. The serial correlation of 0.76 indicates that around 76.0% of current Forstrong Global price fluctuation can be explain by its past prices.
Correlation Coefficient
0.76
Spearman Rank Test
0.72
Residual Average
0.0
Price Variance
0.01
Forstrong Global Income lagged returns against current returns
Autocorrelation, which is Forstrong Global etf'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 Forstrong Global's etf expected returns. We can calculate the autocorrelation of Forstrong Global returns to help us make a trade decision. For example, suppose you find that Forstrong Global has exhibited high autocorrelation historically, and you observe that the etf 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
Forstrong 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 Forstrong Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forstrong Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forstrong Global etf over time.
Current vs Lagged Prices
Timeline
Forstrong Global Lagged Returns
When evaluating Forstrong Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forstrong Global etf have on its future price. Forstrong 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, Forstrong Global autocorrelation shows the relationship between Forstrong Global etf current value and its past values and can show if there is a momentum factor associated with investing in Forstrong Global Income.