FORTIVE P 43 Market Value
| 34959JAH1 | 82.44 1.02 1.25% |
| Symbol | FORTIVE |
FORTIVE '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 FORTIVE's bond 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 FORTIVE.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in FORTIVE on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding FORTIVE P 43 or generate 0.0% return on investment in FORTIVE over 720 days. FORTIVE is related to or competes with NH Foods, Griffon, Eldorado Gold, Nicola Mining, Grocery Outlet, Proficient Auto, and Natural Alternatives. Fortive Corp. owns and operates industrial units that manufacture testing and measurement equipment More
FORTIVE 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 FORTIVE's bond 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 FORTIVE P 43 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 1.84 |
FORTIVE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FORTIVE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FORTIVE's standard deviation. In reality, there are many statistical measures that can use FORTIVE historical prices to predict the future FORTIVE's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0269 |
FORTIVE P 43 Backtested Returns
At this point, FORTIVE is very steady. FORTIVE P 43 secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the bond had a close to zero % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for FORTIVE P 43, which you can use to evaluate the volatility of the entity. Please confirm FORTIVE's Mean Deviation of 0.8565, market risk adjusted performance of 0.0369, and Downside Deviation of 1.49 to check if the risk estimate we provide is consistent with the expected return of 0.0044%. The bond shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FORTIVE are expected to decrease at a much lower rate. During the bear market, FORTIVE is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
FORTIVE P 43 has very weak predictability. Overlapping area represents the amount of predictability between FORTIVE time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th of February 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 FORTIVE P 43 price movement. The serial correlation of 0.16 indicates that over 16.0% of current FORTIVE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 5.12 |
FORTIVE P 43 lagged returns against current returns
Autocorrelation, which is FORTIVE bond'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 FORTIVE's bond expected returns. We can calculate the autocorrelation of FORTIVE returns to help us make a trade decision. For example, suppose you find that FORTIVE has exhibited high autocorrelation historically, and you observe that the bond 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 |
FORTIVE 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 FORTIVE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FORTIVE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FORTIVE bond over time.
Current vs Lagged Prices |
| Timeline |
FORTIVE Lagged Returns
When evaluating FORTIVE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FORTIVE bond have on its future price. FORTIVE 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, FORTIVE autocorrelation shows the relationship between FORTIVE bond current value and its past values and can show if there is a momentum factor associated with investing in FORTIVE P 43.
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.Other Information on Investing in FORTIVE Bond
FORTIVE financial ratios help investors to determine whether FORTIVE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FORTIVE with respect to the benefits of owning FORTIVE security.