Fortis Healthcare (India) Price on December 22, 2023
| FORTIS Stock | 653.50 9.00 1.40% |
Below is the normalized historical share price chart for Fortis Healthcare Limited extending back to May 09, 2007. 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 Fortis Healthcare stands at 653.50, as last reported on the 20th of January, with the highest price reaching 655.45 and the lowest price hitting 636.30 during the day.
If you're considering investing in Fortis Stock, it is important to understand the factors that can impact its price. At this point, Fortis Healthcare is very steady. Fortis Healthcare secures Sharpe Ratio (or Efficiency) of 0.0825, which denotes the company had a 0.0825 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortis Healthcare Limited, which you can use to evaluate the volatility of the firm. Please confirm Fortis Healthcare's Mean Deviation of 1.64, coefficient of variation of 2589.57, and Downside Deviation of 2.05 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
At present, Fortis Healthcare's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 160.5 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 735 M. . Fortis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 559.0045 | 50 Day MA 683.586 | Beta 0.607 |
Fortis |
Sharpe Ratio = 0.0825
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Estimated Market Risk
| 2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Fortis Healthcare is performing at about 6% of its full potential. 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 Fortis Healthcare by adding it to a well-diversified portfolio.
Price Book 6.2005 | Enterprise Value Ebitda 34.4848 | Price Sales 6.665 | Shares Float 488.4 M | Wall Street Target Price 718.7143 |
Fortis Healthcare Valuation on December 22, 2023
It is possible to determine the worth of Fortis Healthcare on a given historical date. On December 22, 2023 Fortis was worth 393.24 at the beginning of the trading date compared to the closed value of 389.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortis Healthcare stock. Still, in general, we apply an absolute valuation method to find Fortis Healthcare's 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 Fortis Healthcare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortis Healthcare's related companies.
| Open | High | Low | Close | Volume | |
| 389.10 | 406.51 | 384.21 | 397.03 | 2,482,683 | |
12/22/2023 | 393.24 | 395.14 | 385.86 | 389.90 | 1,050,433 |
| 393.64 | 403.17 | 386.75 | 395.29 | 1,483,447 |
| Backtest Fortis Healthcare | | | Fortis Healthcare History | | | Fortis Healthcare Valuation | Previous | Next |
Fortis Healthcare Trading Date Momentum on December 22, 2023
| On December 26 2023 Fortis Healthcare Limited was traded for 395.29 at the closing time. The highest price during the trading period was 403.17 and the lowest recorded bid was listed for 386.75 . The volume for the day was 1.5 M. This history from December 26, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.38% . The overall trading delta to the current price is 13.57% . |
Fortis Healthcare Fundamentals Correlations and Trends
By evaluating Fortis Healthcare's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortis Healthcare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortis Healthcare Stock history
Fortis Healthcare 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 Fortis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortis Healthcare 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 Fortis Healthcare stock prices may prove useful in developing a viable investing in Fortis Healthcare
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 868.2 M | 735 M | |
| Net Income Applicable To Common Shares | 6.8 B | 7.1 B |
Fortis Healthcare Stock Technical Analysis
Fortis Healthcare 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
Fortis Healthcare Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
Fortis Healthcare Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.
Fortis Healthcare January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how Fortis Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortis Healthcare shares will generate the highest return on investment. By undertsting and applying Fortis Healthcare stock market strength indicators, traders can identify Fortis Healthcare Limited entry and exit signals to maximize returns
Fortis Healthcare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortis Healthcare's price direction in advance. Along with the technical and fundamental analysis of Fortis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortis 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 | 0.0383 | |||
| Jensen Alpha | 0.0756 | |||
| Total Risk Alpha | 0.0216 | |||
| Sortino Ratio | 0.0251 | |||
| Treynor Ratio | (0.31) |
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Complementary Tools for Fortis Stock analysis
When running Fortis Healthcare's price analysis, check to measure Fortis Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis Healthcare is operating at the current time. Most of Fortis Healthcare's value examination focuses on studying past and present price action to predict the probability of Fortis Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis Healthcare's price. Additionally, you may evaluate how the addition of Fortis Healthcare to your portfolios can decrease your overall portfolio volatility.
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