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ISIN
US34630N1063
CUSIP
34630N106
IPO Date
Mar 3, 2021

Highlights

Market Cap
$67.60M
Enterprise Value
$36.66M
EPS (TTM)
-$0.16
Total Revenue (TTM)
$30.05M
Gross Profit (TTM)
$13.97M
EBITDA (TTM)
-$4.57M
Year Range
$1.64 - $2.71
Target Price
$4.50
ROA (TTM)
-13.17%
ROE (TTM)
-19.01%

Share Price Chart


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Forian Inc.

Performance

FORA Performance Chart

Forian Inc. (FORA) is up 2.4% since the beginning of the year. At $2 per share, FORA is trading 19.9% below its 52-week high of $3. Investors who bought $1,000 worth of FORA shares 5 years ago would now be looking at an investment worth $231.


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S&P 500 Index

Returns By Period

Forian Inc. (FORA) has returned 2.36% so far this year and 4.33% over the past 12 months.


Forian Inc.

1D
0.00%
1M
0.93%
YTD
2.36%
6M
0.93%
1Y
4.33%
3Y*
-3.44%
5Y*
-25.40%
10Y*

Benchmark (S&P 500 Index)

1D
-0.74%
1M
4.90%
YTD
10.35%
6M
10.28%
1Y
26.52%
3Y*
20.83%
5Y*
12.30%
10Y*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FORA Monthly Returns History

Based on dividend-adjusted daily data since Mar 3, 2021, FORA's average daily return is -0.07%, while the average monthly return is -1.90%.

Historically, 44% of months were positive and 56% were negative. The best month was Feb 2023 with a return of +46.1%, while the worst month was Mar 2021 at -55.9%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FORA closed higher 44% of trading days. The best single day was Feb 14, 2025 with a return of +30.1%, while the worst single day was Mar 4, 2021 at -31.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.94%-0.95%-0.48%4.35%0.46%2.36%
20256.80%-4.09%-5.21%1.00%1.98%-4.85%2.04%-1.50%14.21%-0.44%-6.25%0.95%2.91%
2024-8.03%7.81%14.48%-21.23%-0.96%2.32%-11.32%4.26%-11.84%-4.63%-0.00%-0.00%-29.57%
202329.67%46.05%-26.31%-30.18%-10.15%2.51%17.55%-16.32%-7.46%13.45%7.11%7.93%7.14%
2022-8.54%-15.76%0.14%-51.15%-9.41%42.53%18.45%-20.38%-19.08%14.93%-35.84%10.53%-69.73%
2021-55.85%11.97%-11.93%26.08%-15.04%14.33%-15.48%-1.74%-15.38%5.13%-60.61%

Benchmark Metrics

Forian Inc. has an annualized alpha of -22.65%, beta of 0.53, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 04, 2021.

  • This stock participated in 144.04% of S&P 500 Index downside but only -42.44% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.53 may look defensive, but with R2 of 0.01 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
  • R2 of 0.01 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-22.65%
Beta
0.53
0.01
Upside Capture
-42.44%
Downside Capture
144.04%

Return for Risk

Risk / Return Rank

FORA ranks 37 for risk / return — below 37% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


FORA Risk / Return Rank: 3737
Overall Rank
FORA Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
FORA Sortino Ratio Rank: 3636
Sortino Ratio Rank
FORA Omega Ratio Rank: 3737
Omega Ratio Rank
FORA Calmar Ratio Rank: 3737
Calmar Ratio Rank
FORA Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Forian Inc. (FORA) and compare them to S&P 500 Index.


FORABenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-2.31

Sortino ratioReturn per unit of downside risk

-2.83

Omega ratioGain probability vs. loss probability

1.04

1.41

-0.37

Calmar ratioReturn relative to maximum drawdown

-0.15

2.93

-3.08

Martin ratioReturn relative to average drawdown

-0.25

13.52

-13.77

Dividends

Dividend History


Forian Inc. doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Forian Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Forian Inc. was 92.36%, occurring on Aug 21, 2025. The portfolio has not yet recovered.

The current Forian Inc. drawdown is 90.52%.


Related event

Drawdown

Fall

Recovery

Underwater

2025 bear market2025
-92.36%Aug 2025
4y 5mo
5y 3moMar 2021 - now

Drawdown Indicators


FORABenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-92.36%

-56.78%

-35.58%

Max Drawdown (1Y)

Largest decline over 1 year

-21.17%

-9.10%

-12.07%

Max Drawdown (3Y)

Largest decline over 3 years

-52.57%

-18.90%

-33.67%

Max Drawdown (5Y)

Largest decline over 5 years

-87.54%

-25.43%

-62.11%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-90.52%

-0.74%

-89.78%

Average Drawdown

Average peak-to-trough decline

-81.55%

-10.72%

-70.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.81%

1.97%

+10.84%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Forian Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Forian Inc. is priced in the market compared to other companies in the Health Information Services industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for FORA relative to other companies in the Health Information Services industry. Currently, FORA has a P/S ratio of 2.3. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for FORA in comparison with other companies in the Health Information Services industry. Currently, FORA has a P/B value of 2.5. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
Portfolio Analyzer

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