Fortis Inc Q2 2024 Earnings Call Transcript Highlights Strong EPS Growth and Robust ...
| FTS Stock | USD 43.92 0.25 0.57% |
Slightly above 62% of Fortis' investor base is looking to short. The analysis of overall sentiment of trading Fortis Inc stock suggests that many investors are alarmed at this time. Fortis' investing sentiment can be driven by a variety of factors including economic data, Fortis' earnings reports, geopolitical events, and overall market trends.
Fortis |
Capital Investments Approximately 2.3 billion invested through the end of June 2024.2024 Capital Plan 4.8 billion remains on track.5-Year Capital Plan 25
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Fortis Fundamental Analysis
We analyze Fortis' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis 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 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 Inc 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 stock to make a market-neutral strategy. Peer analysis of Fortis could also be used in its relative valuation, which is a method of valuing Fortis by comparing valuation metrics with similar companies.
Peers
Fortis Related Equities
| ETR | Entergy | 0.83 | ||||
| EVRG | Evergy, | 0.42 | ||||
| CMS | CMS Energy | 0.16 | ||||
| AEE | Ameren Corp | 0.08 | ||||
| EIX | Edison International | 0.13 | ||||
| LNT | Alliant Energy | 0.16 | ||||
| PEG | Public Service | 0.36 | ||||
| CNP | CenterPoint Energy | 0.53 | ||||
| MGEE | MGE Energy | 0.86 | ||||
| FE | FirstEnergy | 1.03 | ||||
| PNW | Pinnacle West | 1.63 |
Additional Tools for Fortis Stock Analysis
When running Fortis' price analysis, check to measure Fortis' 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 is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.