Fortune Quick Ratio from 2010 to 2026
| FBIN Stock | 51.25 0.00 0.00% |
Quick Ratio | First Reported 2010-12-31 | Previous Quarter 1.02 | Current Value 1.22 | Quarterly Volatility 0.19348582 |
Check Fortune Brands financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortune Brands' main balance sheet or income statement drivers, such as Depreciation And Amortization of 152.7 M, Interest Expense of 160.7 M or Total Revenue of 4.7 B, as well as many indicators such as Price To Sales Ratio of 1.21, Dividend Yield of 0.0133 or PTB Ratio of 3.96. Fortune financial statements analysis is a perfect complement when working with Fortune Brands Valuation or Volatility modules.
Fortune | Quick Ratio | Build AI portfolio with Fortune Stock |
Evaluating Fortune Brands's Quick Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Fortune Brands Innovations's fundamental strength.
Latest Fortune Brands' Quick Ratio Growth Pattern
Below is the plot of the Quick Ratio of Fortune Brands Innovations over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Fortune Brands' Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortune Brands' overall financial position and show how it may be relating to other accounts over time.
| Quick Ratio | 10 Years Trend |
|
Quick Ratio |
| Timeline |
Fortune Quick Ratio Regression Statistics
| Arithmetic Mean | 1.00 | |
| Geometric Mean | 0.98 | |
| Coefficient Of Variation | 19.38 | |
| Mean Deviation | 0.16 | |
| Median | 1.02 | |
| Standard Deviation | 0.19 | |
| Sample Variance | 0.04 | |
| Range | 0.6806 | |
| R-Value | (0.14) | |
| Mean Square Error | 0.04 | |
| R-Squared | 0.02 | |
| Significance | 0.58 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.60 |
Fortune Quick Ratio History
About Fortune Brands Financial Statements
Fortune Brands investors utilize fundamental indicators, such as Quick Ratio, to predict how Fortune Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Quick Ratio | 1.02 | 1.22 |
Pair Trading with Fortune Brands
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortune Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortune Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortune Stock
| 0.88 | NX | Quanex Building Products | PairCorr |
| 0.92 | OC | Owens Corning Earnings Call This Week | PairCorr |
| 0.75 | LXI | Lennox International | PairCorr |
Moving against Fortune Stock
The ability to find closely correlated positions to Fortune Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortune Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortune Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortune Brands Innovations to buy it.
The correlation of Fortune Brands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortune Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Brands Innov moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortune Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Fortune Brands Correlation against competitors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Will Building Products sector continue expanding? Could Fortune diversify its offerings? Factors like these will boost the valuation of Fortune Brands. Market participants price Fortune higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Fortune Brands data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.25) | Dividend Share 1 | Earnings Share 2.47 | Revenue Per Share | Quarterly Revenue Growth (0.02) |
Fortune Brands Innov's market price often diverges from its book value, the accounting figure shown on Fortune's balance sheet. Smart investors calculate Fortune Brands' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Fortune Brands' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' 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.