Better Buy for Dividends Canadian Utilities or Fortis Stock - Yahoo Canada Finance
| FORTIS Stock | 650.15 4.55 0.70% |
About 51% of Fortis Healthcare's investor base is interested to short. The analysis of overall sentiment of trading Fortis Healthcare Limited stock suggests that many investors are impartial at this time. The current market sentiment, together with Fortis Healthcare's historical and current headlines, can help investors time the market. In addition, many technical investors use Fortis Healthcare stock news signals to limit their universe of possible portfolio assets.
Fortis |
Better Buy for Dividends Canadian Utilities or Fortis Stock Yahoo Canada Finance
Read at news.google.com
 |
Fortis Healthcare Fundamental Analysis
We analyze Fortis Healthcare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis Healthcare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Fortis Healthcare is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Fortis Healthcare Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortis Healthcare stock to make a market-neutral strategy. Peer analysis of Fortis Healthcare could also be used in its relative valuation, which is a method of valuing Fortis Healthcare by comparing valuation metrics with similar companies.
Peers
Fortis Healthcare Related Equities
| BAJAJHLDNG | Bajaj Holdings | 1.04 | ||||
| ASALCBR | Associated Alcohols | 0.52 | ||||
| STCINDIA | State Trading | 0.31 | ||||
| PILANIINVS | Pilani Investment | 0.09 | ||||
| HDFCAMC | HDFC Asset | 0.76 | ||||
| UTIAMC | UTI Asset | 0.98 | ||||
| DHUNINV | Dhunseri Investments | 2.95 |
Complementary Tools for Fortis Stock analysis
When running Fortis Healthcare's price analysis, check to measure Fortis Healthcare'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 Fortis Healthcare is operating at the current time. Most of Fortis Healthcare's value examination focuses on studying past and present price action to predict the probability of Fortis Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis Healthcare's price. Additionally, you may evaluate how the addition of Fortis Healthcare to your portfolios can decrease your overall portfolio volatility.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| 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 | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |