Fortinet Stock Market Value
| FTNT Stock | USD 99.33 0.50 0.50% |
| Symbol | Fortinet |
Fortinet Price To Book Ratio
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.707 | Earnings Share 1.99 | Revenue Per Share | Quarterly Revenue Growth 0.13 | Return On Assets |
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fortinet '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 Fortinet's stock 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 Fortinet.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Fortinet on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fortinet or generate 0.0% return on investment in Fortinet over 150 days. Fortinet is related to or competes with Crowdstrike Holdings, Okta, Cloudflare, MongoDB, Palo Alto, Adobe Systems, and Palantir Technologies. Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle Eas... More
Fortinet 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 Fortinet's stock 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 Fortinet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.1133 | |||
| Maximum Drawdown | 14.35 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.57 |
Fortinet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortinet's standard deviation. In reality, there are many statistical measures that can use Fortinet historical prices to predict the future Fortinet's volatility.| Risk Adjusted Performance | 0.1396 | |||
| Jensen Alpha | 0.3449 | |||
| Total Risk Alpha | 0.1021 | |||
| Sortino Ratio | 0.1534 | |||
| Treynor Ratio | (2.68) |
Fortinet Backtested Returns
Fortinet appears to be very steady, given 3 months investment horizon. Fortinet secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortinet, which you can use to evaluate the volatility of the firm. Please utilize Fortinet's Coefficient Of Variation of 625.84, mean deviation of 1.47, and Downside Deviation of 1.59 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fortinet holds a performance score of 14. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortinet are expected to decrease at a much lower rate. During the bear market, Fortinet is likely to outperform the market. Please check Fortinet's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Fortinet's price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Fortinet has weak predictability. Overlapping area represents the amount of predictability between Fortinet time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 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 Fortinet price movement. The serial correlation of 0.2 indicates that over 20.0% of current Fortinet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 4.85 |
Fortinet lagged returns against current returns
Autocorrelation, which is Fortinet stock'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 Fortinet's stock expected returns. We can calculate the autocorrelation of Fortinet returns to help us make a trade decision. For example, suppose you find that Fortinet has exhibited high autocorrelation historically, and you observe that the stock 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 |
Fortinet 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 Fortinet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortinet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortinet stock over time.
Current vs Lagged Prices |
| Timeline |
Fortinet Lagged Returns
When evaluating Fortinet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortinet stock have on its future price. Fortinet 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, Fortinet autocorrelation shows the relationship between Fortinet stock current value and its past values and can show if there is a momentum factor associated with investing in Fortinet.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fortinet Stock Analysis
When running Fortinet's price analysis, check to measure Fortinet'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 Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.