Fortinet Stock Forecast - Period Momentum Indicator
| FO8 Stock | EUR 92.23 0.67 0.73% |
Fortinet Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Fortinet's historical fundamentals, such as revenue growth or operating cash flow patterns.
Fortinet |
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Fortinet Trading Date Momentum
| On December 10 2024 Fortinet was traded for 92.23 at the closing time. The highest daily price throughout the period was 92.23 and the lowest price was 91.46 . The daily volume was 24.0. The net trading volume on 12/10/2024 did not affect price variability. The overall trading delta to current closing price is 0.83% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Fortinet
For every potential investor in Fortinet, whether a beginner or expert, Fortinet's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fortinet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fortinet. Basic forecasting techniques help filter out the noise by identifying Fortinet's price trends.Fortinet Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortinet stock to make a market-neutral strategy. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fortinet Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fortinet's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Fortinet's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Fortinet Market Strength Events
Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns.
Fortinet Risk Indicators
The analysis of Fortinet's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Fortinet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fortinet stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.43 | |||
| Semi Deviation | 1.13 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.72 | |||
| Downside Variance | 2.11 | |||
| Semi Variance | 1.28 | |||
| Expected Short fall | (1.79) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Fortinet Stock
When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock:Check out Historical Fundamental Analysis of Fortinet to cross-verify your projections. For more detail on how to invest in Fortinet Stock please use our How to Invest in Fortinet guide.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.