Fortum Oyj (Germany) Price on December 3, 2024
| FOT Stock | EUR 13.79 0.17 1.22% |
If you're considering investing in Fortum Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortum Oyj stands at 13.79, as last reported on the 12th of December 2024, with the highest price reaching 13.96 and the lowest price hitting 13.79 during the day. At this point, Fortum Oyj is not too volatile. Fortum Oyj secures Sharpe Ratio (or Efficiency) of 0.0212, which denotes the company had a 0.0212% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortum Oyj, which you can use to evaluate the volatility of the firm. Please confirm Fortum Oyj's Mean Deviation of 1.11, downside deviation of 1.6, and Coefficient Of Variation of 6132.25 to check if the risk estimate we provide is consistent with the expected return of 0.0303%.
Fortum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortum |
Sharpe Ratio = 0.0212
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Estimated Market Risk
| 1.43 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Fortum Oyj is performing at about 1% 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 Fortum Oyj by adding it to a well-diversified portfolio.
Fortum Oyj Valuation on December 3, 2024
It is possible to determine the worth of Fortum Oyj on a given historical date. On December 3, 2024 Fortum was worth 14.36 at the beginning of the trading date compared to the closed value of 14.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortum Oyj stock. Still, in general, we apply an absolute valuation method to find Fortum Oyj'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 Fortum Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortum Oyj's related companies.
| Open | High | Low | Close | Volume | |
| 14.29 | 14.29 | 13.95 | 13.95 | 157.00 | |
12/03/2024 | 14.36 | 14.42 | 14.36 | 14.42 | 900.00 |
| 14.30 | 14.30 | 14.05 | 14.05 | 418.00 |
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Fortum Oyj Trading Date Momentum on December 3, 2024
| On December 04 2024 Fortum Oyj was traded for 14.05 at the closing time. The highest daily price throughout the period was 14.30 and the lowest price was 14.05 . The daily volume was 418. The net trading volume on 12/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.57% . The overall trading delta to current closing price is 3.19% . |
Fortum Oyj Fundamentals Correlations and Trends
By evaluating Fortum Oyj'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 Fortum Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortum Oyj Stock history
Fortum Oyj 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 Fortum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortum Oyj 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 Fortum Oyj stock prices may prove useful in developing a viable investing in Fortum Oyj
Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. Fortum Oyj was founded in 1998 and is headquartered in Espoo, Finland. FORTUM OYJ operates under UtilitiesRenewable classification in Germany and is traded on Frankfurt Stock Exchange. It employs 20184 people.
Fortum Oyj Stock Technical Analysis
Fortum Oyj 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
Fortum Oyj Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Fortum Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Fortum Oyj December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortum Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortum Oyj shares will generate the highest return on investment. By undertsting and applying Fortum Oyj stock market strength indicators, traders can identify Fortum Oyj entry and exit signals to maximize returns
Fortum Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortum Oyj's price direction in advance. Along with the technical and fundamental analysis of Fortum Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortum 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 | 0.0167 | |||
| Jensen Alpha | 0.0231 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.16) |
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Complementary Tools for Fortum Stock analysis
When running Fortum Oyj's price analysis, check to measure Fortum Oyj'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 Fortum Oyj is operating at the current time. Most of Fortum Oyj's value examination focuses on studying past and present price action to predict the probability of Fortum Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortum Oyj's price. Additionally, you may evaluate how the addition of Fortum Oyj to your portfolios can decrease your overall portfolio volatility.
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