Fortrea Holdings Stock Price on October 30, 2024

FTRE Stock   8.45  0.29  3.32%   
If you're considering investing in Fortrea Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortrea Holdings stands at 8.45, as last reported on the 26th of March, with the highest price reaching 8.71 and the lowest price hitting 8.27 during the day. Fortrea Holdings secures Sharpe Ratio (or Efficiency) of -0.29, which denotes the company had a -0.29 % return per unit of risk over the last 3 months. Fortrea Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortrea Holdings' Standard Deviation of 4.31, mean deviation of 2.8, and Variance of 18.62 to check the risk estimate we provide.
  
Fortrea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2856

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Estimated Market Risk

 4.31
  actual daily
38
62% of assets are more volatile

Expected Return

 -1.23
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.29
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fortrea Holdings 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 Fortrea Holdings by adding Fortrea Holdings to a well-diversified portfolio.

Fortrea Holdings Valuation on October 30, 2024

It is possible to determine the worth of Fortrea Holdings on a given historical date. On October 30, 2024 Fortrea was worth 17.49 at the beginning of the trading date compared to the closed value of 17.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortrea Holdings stock. Still, in general, we apply an absolute valuation method to find Fortrea Holdings' 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 Fortrea Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortrea Holdings' related companies.
 Open High Low Close Volume
  17.47    18.18    17.39    17.73    765,541  
10/30/2024
  17.49    17.74    17.00    17.15    871,921  
  16.96    17.06    16.53    16.82    1,013,065  
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Open Value
17.49
17.15
Closing Value
30.43
Upside

Fortrea Holdings Trading Date Momentum on October 30, 2024

On October 31 2024 Fortrea Holdings was traded for  16.82  at the closing time. The top price for the day was 17.06  and the lowest listed price was  16.53 . The trading volume for the day was 1 M. The trading history from October 31, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.92% . The overall trading delta against the current closing price is 42.74% .

Fortrea Holdings Fundamentals Correlations and Trends

By evaluating Fortrea Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortrea Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortrea financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fortrea Holdings Stock history

Fortrea Holdings 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 Fortrea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortrea Holdings 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 Fortrea Holdings stock prices may prove useful in developing a viable investing in Fortrea Holdings

Fortrea Holdings Stock Technical Analysis

Fortrea Holdings 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.
A focus of Fortrea Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortrea Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fortrea Holdings Period Price Range

Low
March 26, 2025
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High

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Fortrea Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.

Fortrea Holdings March 26, 2025 Market Strength

Market strength indicators help investors to evaluate how Fortrea Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortrea Holdings shares will generate the highest return on investment. By undertsting and applying Fortrea Holdings stock market strength indicators, traders can identify Fortrea Holdings entry and exit signals to maximize returns

Fortrea Holdings Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fortrea Holdings' price direction in advance. Along with the technical and fundamental analysis of Fortrea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortrea 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.

Complementary Tools for Fortrea Stock analysis

When running Fortrea Holdings' price analysis, check to measure Fortrea Holdings' 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 Fortrea Holdings is operating at the current time. Most of Fortrea Holdings' value examination focuses on studying past and present price action to predict the probability of Fortrea Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortrea Holdings' price. Additionally, you may evaluate how the addition of Fortrea Holdings to your portfolios can decrease your overall portfolio volatility.
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