Fortrea Holdings Stock Price on November 5, 2024
| FTRE Stock | 20.08 0.63 3.24% |
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 20.08, as last reported on the 12th of December 2024, with the highest price reaching 20.08 and the lowest price hitting 19.45 during the day. Fortrea Holdings secures Sharpe Ratio (or Efficiency) of -0.0032, which denotes the company had a -0.0032% return per unit of risk over the last 3 months. Fortrea Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortrea Holdings' Mean Deviation of 3.3, coefficient of variation of 5660.15, and Downside Deviation of 4.35 to check the risk estimate we provide.
At present, Fortrea Holdings' Total Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 2.5 B, whereas Capital Stock is forecasted to decline to about 55 K. . At present, Fortrea Holdings' Price Earnings To Growth Ratio is projected to slightly grow based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 29.11, whereas Price Book Value Ratio is forecasted to decline to 0.94. Fortrea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortrea |
Sharpe Ratio = -0.0032
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FTRE |
Estimated Market Risk
| 5.41 actual daily | 48 52% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 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.
Price Book 1.2535 | Enterprise Value Ebitda 421.9373 | Price Sales 0.6792 | Shares Float 74.5 M | Wall Street Target Price 24.0364 |
Related Headline
Skillful Craftsman Headline on 5th of November 2024
EDTK Stock Declines Over 8 percent Amid Financial Struggles by gurufocus.com
Wangdao Technology experienced a significant stock decline of 8.07. The stock is now priced at 0.903 per share with a trading volume of 2,272 shares an
Fortrea Holdings Valuation on November 5, 2024
It is possible to determine the worth of Fortrea Holdings on a given historical date. On November 5, 2024 Fortrea was worth 16.73 at the beginning of the trading date compared to the closed value of 17.1. 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 | |
| 16.74 | 17.48 | 16.66 | 16.87 | 998,412 | |
11/05/2024 | 16.73 | 17.17 | 16.58 | 17.10 | 801,988 |
| 18.14 | 18.66 | 17.89 | 18.09 | 2,077,759 |
| Backtest Fortrea Holdings | | | Fortrea Holdings History | | | Fortrea Holdings Valuation | Previous | Next |
Fortrea Holdings Trading Date Momentum on November 5, 2024
| On November 06 2024 Fortrea Holdings was traded for 18.09 at the closing time. The top price for the day was 18.66 and the lowest listed price was 17.89 . The trading volume for the day was 2.1 M. The trading history from November 6, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 5.79% . The overall trading delta against the current closing price is 17.60% . |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 88.8 M | 98.1 M |
Fortrea Holdings Quarterly Net Working Capital |
|
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.
Price Boundaries
Fortrea Holdings Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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 December 12, 2024 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.
| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0313 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |