Fortis Inc Stock Market Value
| FORFF Stock | USD 17.34 0.00 0.00% |
| Symbol | Fortis |
Fortis 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fortis' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fortis.
| 05/28/2025 |
| 12/24/2025 |
If you would invest 0.00 in Fortis on May 28, 2025 and sell it all today you would earn a total of 0.00 from holding Fortis Inc or generate 0.0% return on investment in Fortis over 210 days. Fortis is related to or competes with Equatorial Energia, Union Electric, Huadian Power, Ameren Corp, Interconnection Electric, HK Electric, and Fortis. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries More
Fortis Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fortis' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fortis Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0613 | |||
| Maximum Drawdown | 2.41 | |||
| Potential Upside | 0.1835 |
Fortis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortis' standard deviation. In reality, there are many statistical measures that can use Fortis historical prices to predict the future Fortis' volatility.| Risk Adjusted Performance | 0.1497 | |||
| Jensen Alpha | 0.0871 | |||
| Total Risk Alpha | 0.0491 | |||
| Treynor Ratio | (1.72) |
Fortis Inc Backtested Returns
At this point, Fortis is very steady. Fortis Inc secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Fortis Inc, which you can use to evaluate the volatility of the firm. Please confirm Fortis' Mean Deviation of 0.1765, variance of 0.1788, and Standard Deviation of 0.4228 to check if the risk estimate we provide is consistent with the expected return of 0.0942%. Fortis has a performance score of 17 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.049, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortis are expected to decrease at a much lower rate. During the bear market, Fortis is likely to outperform the market. Fortis Inc right now shows a risk of 0.42%. Please confirm Fortis Inc jensen alpha and kurtosis , to decide if Fortis Inc will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
Fortis Inc has very good predictability. Overlapping area represents the amount of predictability between Fortis time series from 28th of May 2025 to 10th of September 2025 and 10th of September 2025 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortis Inc price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Fortis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Fortis Inc lagged returns against current returns
Autocorrelation, which is Fortis pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fortis' pink sheet expected returns. We can calculate the autocorrelation of Fortis returns to help us make a trade decision. For example, suppose you find that Fortis has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fortis regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fortis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fortis Lagged Returns
When evaluating Fortis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortis pink sheet have on its future price. Fortis autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fortis autocorrelation shows the relationship between Fortis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fortis Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| DD | Dupont De Nemours | |
| CRDO | Credo Technology Group | |
| GOOG | Alphabet Inc Class C | |
| BAC | Bank of America | |
| CRM | Salesforce |
Additional Information and Resources on Investing in Fortis Pink Sheet
When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Pink Sheet, refer to the following important reports:Check out Fortis Correlation, Fortis Volatility and Fortis Alpha and Beta module to complement your research on Fortis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Fortis technical pink sheet 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, pink sheet market cycles, or different charting patterns.