Fortune Brands Innovations Stock Price on September 28, 2023
| FBIN Stock | 75.76 0.86 1.15% |
Below is the normalized historical share price chart for Fortune Brands Innovations extending back to September 16, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fortune Brands stands at 75.76, as last reported on the 22nd of November, with the highest price reaching 75.97 and the lowest price hitting 74.33 during the day.
If you're considering investing in Fortune Stock, it is important to understand the factors that can impact its price. Fortune Brands Innov secures Sharpe Ratio (or Efficiency) of -0.0559, which denotes the company had a -0.0559% return per unit of risk over the last 3 months. Fortune Brands Innovations exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Brands' Mean Deviation of 1.28, standard deviation of 1.66, and Variance of 2.77 to check the risk estimate we provide.
At this time, Fortune Brands' Total Stockholder Equity is very stable compared to the past year. As of the 22nd of November 2024, Stock Based Compensation is likely to grow to about 34.4 M, while Common Stock Shares Outstanding is likely to drop about 121.2 M. . At this time, Fortune Brands' Price Book Value Ratio is very stable compared to the past year. As of the 22nd of November 2024, Price To Operating Cash Flows Ratio is likely to grow to 15.32, while Price To Sales Ratio is likely to drop 1.06. Fortune Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 16th of September 2011 | 200 Day MA 77.3727 | 50 Day MA 84.5302 | Beta 1.576 |
Fortune |
Sharpe Ratio = -0.0559
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Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortune Brands is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortune Brands by adding Fortune Brands to a well-diversified portfolio.
Price Book 3.9281 | Enterprise Value Ebitda 13.2723 | Price Sales 2.017 | Shares Float 116.9 M | Dividend Share 0.95 |
Fortune Brands Valuation on September 28, 2023
It is possible to determine the worth of Fortune Brands on a given historical date. On September 28, 2023 Fortune was worth 61.13 at the beginning of the trading date compared to the closed value of 61.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Brands stock. Still, in general, we apply an absolute valuation method to find Fortune Brands' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortune Brands where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortune Brands' related companies.
| Open | High | Low | Close | Volume | |
| 61.54 | 61.94 | 61.07 | 61.63 | 781,100 | |
09/28/2023 | 61.13 | 62.48 | 60.75 | 61.96 | 1,114,800 |
| 62.47 | 62.75 | 61.15 | 61.36 | 1,221,900 |
| Backtest Fortune Brands | | | Fortune Brands History | | | Fortune Brands Valuation | Previous | Next |
Fortune Brands Trading Date Momentum on September 28, 2023
| On September 29 2023 Fortune Brands Innovations was traded for 61.36 at the closing time. The top price for the day was 62.75 and the lowest listed price was 61.15 . The trading volume for the day was 1.2 M. The trading history from September 29, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.97% . The overall trading delta against the current closing price is 5.18% . |
Fortune Brands Innov Fundamentals Correlations and Trends
By evaluating Fortune Brands' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortune Brands' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortune financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortune Brands Stock history
Fortune Brands investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortune is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortune Brands Innov will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortune Brands stock prices may prove useful in developing a viable investing in Fortune Brands
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 127.7 M | 121.2 M | |
| Net Income Applicable To Common Shares | 789.7 M | 672.1 M |
Fortune Brands Quarterly Net Working Capital |
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Fortune Brands Stock Technical Analysis
Fortune Brands technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Fortune Brands Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Fortune Brands Innovations cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fortune Brands November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortune Brands shares will generate the highest return on investment. By undertsting and applying Fortune Brands stock market strength indicators, traders can identify Fortune Brands Innovations entry and exit signals to maximize returns
Fortune Brands Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortune Brands' price direction in advance. Along with the technical and fundamental analysis of Fortune Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortune to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.07) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Brands Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortune Brands. If investors know Fortune will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortune Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.019 | Dividend Share 0.95 | Earnings Share 3.55 | Revenue Per Share 37.269 | Quarterly Revenue Growth (0.08) |
The market value of Fortune Brands Innov is measured differently than its book value, which is the value of Fortune that is recorded on the company's balance sheet. Investors also form their own opinion of Fortune Brands' value that differs from its market value or its book value, called intrinsic value, which is Fortune Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortune Brands' market value can be influenced by many factors that don't directly affect Fortune Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' 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.