Fortis Pref M Preferred Stock Buy Hold or Sell Recommendation
| FTS-PM Preferred Stock | CAD 20.80 0.20 0.97% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Fortis Pref M is 'Hold'. Macroaxis provides Fortis Pref buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FTS-PM positions.
Check out Fortis Pref Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Fortis and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Fortis Pref M. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Fortis |
Execute Fortis Pref Buy or Sell Advice
The Fortis recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fortis Pref M. Macroaxis does not own or have any residual interests in Fortis Pref M or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fortis Pref's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Fortis Pref Trading Alerts and Improvement Suggestions
| Fortis Pref M has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Fortis Pref M has accumulated 2.42 B in total debt with debt to equity ratio (D/E) of 125.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortis Pref M has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortis Pref until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis Pref's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortis Pref M sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis Pref's use of debt, we should always consider it together with cash and equity. |
Fortis Pref Returns Distribution Density
The distribution of Fortis Pref's historical returns is an attempt to chart the uncertainty of Fortis Pref's future price movements. The chart of the probability distribution of Fortis Pref daily returns describes the distribution of returns around its average expected value. We use Fortis Pref M price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fortis Pref returns is essential to provide solid investment advice for Fortis Pref.
| Mean Return | 0.04 | Value At Risk | -0.92 | Potential Upside | 0.97 | Standard Deviation | 0.55 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fortis Pref historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Fortis Pref Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fortis Pref or Electric Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fortis Pref's price will be affected by overall preferred stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fortis preferred stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 0.56 | |
Ir | Information ratio | -0.15 |
Fortis Pref Volatility Alert
Fortis Pref M exhibits relatively low volatility with skewness of 0.06 and kurtosis of 0.25. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fortis Pref's preferred stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fortis Pref's preferred stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Fortis Pref Fundamentals Vs Peers
Comparing Fortis Pref's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fortis Pref's direct or indirect competition across all of the common fundamentals between Fortis Pref and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fortis Pref or determine the preferred stocks which would be an excellent addition to an existing portfolio. Peer analysis of Fortis Pref's fundamental indicators could also be used in its relative valuation, which is a method of valuing Fortis Pref by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Fortis Pref to competition |
| Fundamentals | Fortis Pref | Peer Average |
| Return On Equity | 0.0744 | -0.31 |
| Return On Asset | 0.0309 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 44.9 B | 16.62 B |
| Shares Outstanding | 426.6 M | 571.82 M |
| Shares Owned By Institutions | 26.70 % | 39.21 % |
| Number Of Shares Shorted | 42.42 K | 4.71 M |
| Price To Earning | 4.52 X | 28.72 X |
| Price To Sales | 2.52 X | 11.42 X |
| Revenue | 11.52 B | 9.43 B |
| Gross Profit | 4.41 B | 27.38 B |
| EBITDA | 5.12 B | 3.9 B |
| Net Income | 1.57 B | 570.98 M |
| Cash And Equivalents | 191 M | 2.7 B |
| Cash Per Share | 0.44 X | 5.01 X |
| Total Debt | 2.42 B | 5.32 B |
| Debt To Equity | 125.00 % | 48.70 % |
| Current Ratio | 0.62 X | 2.16 X |
| Book Value Per Share | 42.66 X | 1.93 K |
| Cash Flow From Operations | 3.67 B | 971.22 M |
| Short Ratio | 2.33 X | 4.00 X |
| Earnings Per Share | 2.59 X | 3.12 X |
| Number Of Employees | 9.6 K | 18.84 K |
| Beta | 0.23 | -0.15 |
| Market Capitalization | 28.75 B | 19.03 B |
| Total Asset | 65.92 B | 29.47 B |
| Retained Earnings | 4.11 B | 9.33 B |
| Working Capital | (1.94 B) | 1.48 B |
| Annual Yield | 0.05 % | |
| Net Asset | 65.92 B | |
| Last Dividend Paid | 2.34 |
Fortis Pref Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fortis . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 163.63 | |||
| Daily Balance Of Power | 1.111111 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 20.71 | |||
| Day Typical Price | 20.74 | |||
| Price Action Indicator | 0.19 | |||
| Period Momentum Indicator | 0.2 |
About Fortis Pref Buy or Sell Advice
When is the right time to buy or sell Fortis Pref M? Buying financial instruments such as Fortis Preferred Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Fortis Preferred Stock
Fortis Pref financial ratios help investors to determine whether Fortis Preferred Stock 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 Fortis with respect to the benefits of owning Fortis Pref security.