Fortrea Holdings Stock Market Value
| FTRE Stock | 21.55 0.86 4.16% |
| Symbol | Fortrea |
Fortrea Holdings Price To Book Ratio
Is Life Sciences Tools & Services 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 Fortrea Holdings. If investors know Fortrea 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 Fortrea Holdings 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 (0.57) | Earnings Share (2.44) | Revenue Per Share 33.34 | Quarterly Revenue Growth (0.06) | Return On Assets (0.01) |
The market value of Fortrea Holdings is measured differently than its book value, which is the value of Fortrea that is recorded on the company's balance sheet. Investors also form their own opinion of Fortrea Holdings' value that differs from its market value or its book value, called intrinsic value, which is Fortrea Holdings' 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 Fortrea Holdings' market value can be influenced by many factors that don't directly affect Fortrea Holdings' 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 Fortrea Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortrea Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortrea Holdings' 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.
Fortrea Holdings '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 Fortrea Holdings' 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 Fortrea Holdings.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Fortrea Holdings on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Fortrea Holdings or generate 0.0% return on investment in Fortrea Holdings over 570 days. Fortrea Holdings is related to or competes with MACOM Technology, Electrovaya Common, Supercom, Globalfoundries, Arm Holdings, Microchip Technology, and Everspin Technologies. Fortrea Holdings is entity of United States More
Fortrea Holdings 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 Fortrea Holdings' 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 Fortrea Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 35.27 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 4.16 |
Fortrea Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortrea Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortrea Holdings' standard deviation. In reality, there are many statistical measures that can use Fortrea Holdings historical prices to predict the future Fortrea Holdings' volatility.| Risk Adjusted Performance | 0.0121 | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0054 |
Fortrea Holdings Backtested Returns
At this point, Fortrea Holdings is not too volatile. Fortrea Holdings secures Sharpe Ratio (or Efficiency) of 0.0141, which denotes the company had a 0.0141% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fortrea Holdings, which you can use to evaluate the volatility of the firm. Please confirm Fortrea Holdings' Coefficient Of Variation of 21072.87, downside deviation of 3.81, and Mean Deviation of 2.94 to check if the risk estimate we provide is consistent with the expected return of 0.0709%. Fortrea Holdings has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.5, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fortrea Holdings will likely underperform. Fortrea Holdings right now shows a risk of 5.04%. Please confirm Fortrea Holdings maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Fortrea Holdings will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
Fortrea Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Fortrea Holdings time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortrea Holdings price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Fortrea Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 51.31 |
Fortrea Holdings lagged returns against current returns
Autocorrelation, which is Fortrea Holdings 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 Fortrea Holdings' stock expected returns. We can calculate the autocorrelation of Fortrea Holdings returns to help us make a trade decision. For example, suppose you find that Fortrea Holdings 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 |
Fortrea Holdings 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 Fortrea Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortrea Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortrea Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Fortrea Holdings Lagged Returns
When evaluating Fortrea Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortrea Holdings stock have on its future price. Fortrea Holdings 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, Fortrea Holdings autocorrelation shows the relationship between Fortrea Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Fortrea Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fortrea Holdings is a strong investment it is important to analyze Fortrea Holdings' 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 Fortrea Holdings' future performance. For an informed investment choice regarding Fortrea Stock, refer to the following important reports:Check out Fortrea Holdings Correlation, Fortrea Holdings Volatility and Fortrea Holdings Alpha and Beta module to complement your research on Fortrea Holdings. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Fortrea Holdings technical stock 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, stock market cycles, or different charting patterns.