FORTUNE BRANDS INC Price on June 3, 2024
| 349631AG6 | 105.10 0.35 0.33% |
If you're considering investing in FORTUNE Bond, it is important to understand the factors that can impact its price. As of today, the current price of FORTUNE stands at 105.10, as last reported on the 28th of November, with the highest price reaching 105.10 and the lowest price hitting 105.10 during the day. FORTUNE BRANDS INC secures Sharpe Ratio (or Efficiency) of -0.37, which denotes the bond had a -0.37% return per unit of volatility over the last 3 months. FORTUNE BRANDS INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FORTUNE's Market Risk Adjusted Performance of (0.10), mean deviation of 0.5551, and Downside Deviation of 1.02 to check the risk estimate we provide.
FORTUNE Bond price history is provided at the adjusted basis, taking into account all of the recent filings.
FORTUNE |
Sharpe Ratio = -0.3724
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| Negative Returns | 349631AG6 |
Estimated Market Risk
| 0.95 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.37 actual daily | 0 Most of other assets perform better |
Based on monthly moving average FORTUNE 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 FORTUNE by adding FORTUNE to a well-diversified portfolio.
FORTUNE Valuation on June 3, 2024
It is possible to determine the worth of FORTUNE on a given historical date. On June 3, 2024 FORTUNE was worth 104.94 at the beginning of the trading date compared to the closed value of 104.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FORTUNE bond. Still, in general, we apply an absolute valuation method to find FORTUNE'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 FORTUNE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FORTUNE's related companies.
| Open | High | Low | Close | Volume | |
06/03/2024 | 104.94 | 104.94 | 104.94 | 104.94 | 1.00 |
| 104.96 | 104.96 | 104.96 | 104.96 | 1.00 |
| Backtest FORTUNE | | | FORTUNE History | | | FORTUNE Valuation | Next |
FORTUNE Trading Date Momentum on June 3, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.About FORTUNE Bond history
FORTUNE 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 FORTUNE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FORTUNE BRANDS INC 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 FORTUNE stock prices may prove useful in developing a viable investing in FORTUNE
FORTUNE Bond Technical Analysis
FORTUNE technical bond 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, bond market cycles, or different charting patterns.
Price Boundaries
FORTUNE Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
FORTUNE BRANDS INC cannot be verified against its exchange. Please verify the symbol is currently traded on Bond 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.
FORTUNE November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how FORTUNE bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FORTUNE shares will generate the highest return on investment. By undertsting and applying FORTUNE bond market strength indicators, traders can identify FORTUNE BRANDS INC entry and exit signals to maximize returns
FORTUNE Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FORTUNE's price direction in advance. Along with the technical and fundamental analysis of FORTUNE Bond historical price patterns, it is also worthwhile for investors to track various predictive indicators of FORTUNE 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 | 0.0184 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.11) |
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| Volume Indicators |
Other Information on Investing in FORTUNE Bond
FORTUNE financial ratios help investors to determine whether FORTUNE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORTUNE with respect to the benefits of owning FORTUNE security.