Fortis Inc Stock Market Value

FTS Stock  USD 44.58  0.25  0.56%   
Fortis' market value is the price at which a share of Fortis trades on a public exchange. It measures the collective expectations of Fortis Inc investors about its performance. Fortis is selling for under 44.58 as of the 28th of November 2024; that is 0.56 percent decrease since the beginning of the trading day. The stock's lowest day price was 44.33.
With this module, you can estimate the performance of a buy and hold strategy of Fortis Inc and determine expected loss or profit from investing in Fortis over a given investment horizon. Check out Fortis Correlation, Fortis Volatility and Fortis Alpha and Beta module to complement your research on Fortis.
Symbol

Fortis Inc Price To Book Ratio

Is Electric Utilities 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 Fortis. If investors know Fortis 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 Fortis 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
0.045
Dividend Share
2.36
Earnings Share
2.3
Revenue Per Share
23.225
Quarterly Revenue Growth
0.019
The market value of Fortis Inc is measured differently than its book value, which is the value of Fortis that is recorded on the company's balance sheet. Investors also form their own opinion of Fortis' value that differs from its market value or its book value, called intrinsic value, which is Fortis' 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 Fortis' market value can be influenced by many factors that don't directly affect Fortis' 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 Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' 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.

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' 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 Fortis.
0.00
06/01/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/28/2024
0.00
If you would invest  0.00  in Fortis on June 1, 2024 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 180 days. Fortis is related to or competes with CMS Energy, Ameren Corp, Pinnacle West, MGE Energy, Evergy,, Alliant Energy, and CenterPoint Energy. 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' 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 Fortis Inc upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortis' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
43.6644.5945.52
Details
Intrinsic
Valuation
LowRealHigh
41.8642.7949.04
Details
15 Analysts
Consensus
LowTargetHigh
37.6841.4145.97
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.550.580.59
Details

Fortis Inc Backtested Returns

Currently, Fortis Inc is very steady. Fortis Inc secures Sharpe Ratio (or Efficiency) of 0.044, which denotes the company had a 0.044% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortis Inc, which you can use to evaluate the volatility of the firm. Please confirm Fortis' Coefficient Of Variation of 2105.64, downside deviation of 0.8743, and Mean Deviation of 0.6942 to check if the risk estimate we provide is consistent with the expected return of 0.041%. Fortis has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortis is expected to be smaller as well. Fortis Inc right now shows a risk of 0.93%. Please confirm Fortis Inc potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fortis Inc will be following its price patterns.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Fortis Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fortis time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Fortis Inc price movement. The serial correlation of -0.2 indicates that over 20.0% of current Fortis price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test-0.15
Residual Average0.0
Price Variance0.59

Fortis Inc lagged returns against current returns

Autocorrelation, which is Fortis 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 Fortis' stock 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 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  

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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortis stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Fortis Inc.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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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.