FORTUNE BRANDS INC Odds of Future Bond Price Finishing Under 101.85
| 349631AG6 | 105.10 0.35 0.33% |
FORTUNE |
FORTUNE Target Price Odds to finish below 101.85
The tendency of FORTUNE Bond price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 101.85 or more in 90 days |
| 105.10 | 90 days | 101.85 | near 1 |
Based on a normal probability distribution, the odds of FORTUNE to drop to 101.85 or more in 90 days from now is near 1 (This FORTUNE BRANDS INC probability density function shows the probability of FORTUNE Bond to fall within a particular range of prices over 90 days) . Probability of FORTUNE BRANDS INC price to stay between 101.85 and its current price of 105.1 at the end of the 90-day period is about 28.18 .
Assuming the 90 days trading horizon FORTUNE BRANDS INC has a beta of -0.012. This usually implies as returns on the benchmark increase, returns on holding FORTUNE are expected to decrease at a much lower rate. During a bear market, however, FORTUNE BRANDS INC is likely to outperform the market. Additionally FORTUNE BRANDS INC has an alpha of 0.0065, implying that it can generate a 0.00649 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). FORTUNE Price Density |
| Price |
Predictive Modules for FORTUNE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FORTUNE BRANDS INC. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.FORTUNE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FORTUNE is not an exception. The market had few large corrections towards the FORTUNE's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold FORTUNE BRANDS INC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FORTUNE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | -0.1 |
FORTUNE Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of FORTUNE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FORTUNE BRANDS INC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| FORTUNE BRANDS INC generated a negative expected return over the last 90 days |
FORTUNE Technical Analysis
FORTUNE's future price can be derived by breaking down and analyzing its technical indicators over time. FORTUNE Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FORTUNE BRANDS INC. In general, you should focus on analyzing FORTUNE Bond price patterns and their correlations with different microeconomic environments and drivers.
FORTUNE Predictive Forecast Models
FORTUNE's time-series forecasting models is one of many FORTUNE's bond analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary FORTUNE's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the bond market movement and maximize returns from investment trading.
Things to note about FORTUNE BRANDS INC
Checking the ongoing alerts about FORTUNE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FORTUNE BRANDS INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| FORTUNE BRANDS INC generated a negative expected return over the last 90 days |
Other Information on Investing in FORTUNE Bond
FORTUNE financial ratios help investors to determine whether FORTUNE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORTUNE with respect to the benefits of owning FORTUNE security.