Financial data analysis helps to check if markets are presently mispricing Fortis Inc. We are able to interpolate and collect thirty-nine available fundamental indicators for Fortis Inc, which can be compared to its peers. The stock experiences a moderate upward volatility. Check odds of Fortis to be traded at C$66.76 in 90 days. Key indicators impacting Fortis' financial strength include:
Understanding current and past Fortis Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Fortis' financial statements are interrelated, with each one affecting the others. For example, an increase in Fortis' assets may result in an increase in income on the income statement.
Fortis competes with Telus Corp, Enbridge, Algonquin Power, BCE, and TC Energy. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It also owns and operates approximately 90,200 circuit Kilometers of distribution lines and approximately 50,500 km of natural gas pipelines. FORTIS INC operates under UtilitiesRegulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 9100 people.
You should never invest in Fortis without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Fortis Stock, because this is throwing your money away. Analyzing the key information contained in Fortis' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Fortis Key Financial Ratios
Fortis' financial ratios allow both analysts and investors to convert raw data from Fortis' financial statements into concise, actionable information that can be used to evaluate the performance of Fortis over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Fortis's current stock value. Our valuation model uses many indicators to compare Fortis value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fortis competition to find correlations between indicators driving Fortis's intrinsic value. More Info.
Fortis Inc 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 0.40 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fortis Inc is roughly 2.50 . At this time, Fortis' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Fortis by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fortis' 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 Inc Systematic Risk
Fortis' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fortis 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Fortis Inc correlated with the market. If Beta is less than 0 Fortis generally moves in the opposite direction as compared to the market. If Fortis Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fortis Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fortis is generally in the same direction as the market. If Beta > 1 Fortis moves generally in the same direction as, but more than the movement of the benchmark.
Fortis Inc Total Assets Over Time
Today, most investors in Fortis Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fortis' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Fortis growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Fortis help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fortis Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fortis Inc based on widely used predictive technical indicators. In general, we focus on analyzing Fortis Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fortis's daily price indicators and compare them against related drivers.
When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' 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.