Fortrea Holdings Stock Price on November 13, 2024
| FTRE Stock | 21.05 0.50 2.32% |
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 21.05, as last reported on the 1st of December, with the highest price reaching 21.64 and the lowest price hitting 20.68 during the day. At this point, Fortrea Holdings is not too volatile. Fortrea Holdings secures Sharpe Ratio (or Efficiency) of 0.0067, which denotes the company had a 0.0067% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortrea Holdings, which you can use to evaluate the volatility of the firm. Please confirm Fortrea Holdings' Downside Deviation of 3.83, mean deviation of 2.96, and Coefficient Of Variation of 302627.01 to check if the risk estimate we provide is consistent with the expected return of 0.0335%.
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 = 0.0067
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Estimated Market Risk
| 5.01 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 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 1.2476 | Enterprise Value Ebitda 420.6739 | Price Sales 0.6496 | Shares Float 74.5 M | Wall Street Target Price 24.3091 |
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Fortrea Holdings Valuation on November 13, 2024
It is possible to determine the worth of Fortrea Holdings on a given historical date. On November 13, 2024 Fortrea was worth 21.36 at the beginning of the trading date compared to the closed value of 21.28. 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 | |
| 22.53 | 22.95 | 21.59 | 21.95 | 1,185,728 | |
11/13/2024 | 21.36 | 22.47 | 21.26 | 21.28 | 964,644 |
| 21.17 | 21.24 | 20.10 | 20.20 | 1,035,879 |
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Fortrea Holdings Trading Date Momentum on November 13, 2024
| On November 14 2024 Fortrea Holdings was traded for 20.20 at the closing time. The top price for the day was 21.24 and the lowest listed price was 20.10 . The trading volume for the day was 1 M. The trading history from November 14, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.08% . The overall trading delta against the current closing price is 5.08% . |
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 |
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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 1, 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 1, 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 | 0.0087 | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
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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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