Fortis Pref Financials
| FTS-PM Preferred Stock | CAD 20.60 0.15 0.73% |
Fortis |
Understanding current and past Fortis Pref Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Fortis Pref's financial statements are interrelated, with each one affecting the others. For example, an increase in Fortis Pref's assets may result in an increase in income on the income statement.
Please note, the presentation of Fortis Pref's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fortis Pref's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Fortis Pref's management manipulating its earnings.
Fortis Pref Preferred Stock Summary
Fortis Pref competes with Canso Select, Olympia Financial, Royal Bank, Diamond Estates, and VersaBank. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It also owns and operates transmission and distribution lines and natural gas pipelines. FORTIS INC operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 8800 people.| Instrument | Canada Preferred Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA3495537688 |
| Business Address | Fortis Place, Saint |
| Sector | Electric Utilities |
| Industry | Utilities |
| Benchmark | Dow Jones Industrial |
| Website | www.fortisinc.com |
| Phone | 709 737 2800 |
| Currency | CAD - Canadian Dollar |
You should never invest in Fortis Pref without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Fortis Preferred Stock, because this is throwing your money away. Analyzing the key information contained in Fortis Pref's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Fortis Pref Key Financial Ratios
Fortis Pref's financial ratios allow both analysts and investors to convert raw data from Fortis Pref's financial statements into concise, actionable information that can be used to evaluate the performance of Fortis Pref over time and compare it to other companies across industries.| Return On Equity | 0.0744 | ||||
| Return On Asset | 0.0309 | ||||
| Beta | 0.23 | ||||
| Last Dividend Paid | 2.34 |
Fortis Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fortis Pref's current stock value. Our valuation model uses many indicators to compare Fortis Pref value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fortis Pref competition to find correlations between indicators driving Fortis Pref's intrinsic value. More Info.Fortis Pref M is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.42 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fortis Pref M is roughly 2.41 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Fortis Pref by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fortis Pref's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Fortis Pref M Systematic Risk
Fortis Pref's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fortis Pref volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Fortis Pref M correlated with the market. If Beta is less than 0 Fortis Pref generally moves in the opposite direction as compared to the market. If Fortis Pref Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fortis Pref M is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fortis Pref is generally in the same direction as the market. If Beta > 1 Fortis Pref moves generally in the same direction as, but more than the movement of the benchmark.
Fortis Pref December 11, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fortis Pref help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fortis Pref M. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fortis Pref M based on widely used predictive technical indicators. In general, we focus on analyzing Fortis Preferred Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fortis Pref's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6143 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.73 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.8236 |
Complementary Tools for Fortis Preferred Stock analysis
When running Fortis Pref's price analysis, check to measure Fortis Pref'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 Fortis Pref is operating at the current time. Most of Fortis Pref's value examination focuses on studying past and present price action to predict the probability of Fortis Pref's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis Pref's price. Additionally, you may evaluate how the addition of Fortis Pref to your portfolios can decrease your overall portfolio volatility.
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