Fortune Bay Corp Stock Performance
| FOR Stock | CAD 0.23 0.01 4.17% |
The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortune Bay's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortune Bay is expected to be smaller as well. At this point, Fortune Bay Corp has a negative expected return of -0.14%. Please make sure to confirm Fortune Bay's skewness, as well as the relationship between the day median price and relative strength index , to decide if Fortune Bay Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Fortune Bay Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
1 | Fortune Bay Advances Goldfields Project with New Strategy - TipRanks | 11/20/2024 |
| Begin Period Cash Flow | 531.8 K |
Fortune |
Fortune Bay Relative Risk vs. Return Landscape
If you would invest 27.00 in Fortune Bay Corp on August 30, 2024 and sell it today you would lose (4.00) from holding Fortune Bay Corp or give up 14.81% of portfolio value over 90 days. Fortune Bay Corp is currently producing negative expected returns and takes up 4.9313% volatility of returns over 90 trading days. Put another way, 43% of traded stocks are less volatile than Fortune, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fortune Bay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Bay's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortune Bay Corp, and traders can use it to determine the average amount a Fortune Bay's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0283
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| Negative Returns | FOR |
Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortune Bay is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortune Bay by adding Fortune Bay to a well-diversified portfolio.
Fortune Bay Fundamentals Growth
Fortune Stock prices reflect investors' perceptions of the future prospects and financial health of Fortune Bay, and Fortune Bay fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fortune Stock performance.
| Return On Equity | -0.0558 | ||||
| Return On Asset | -0.026 | ||||
| Current Valuation | 11.94 M | ||||
| Shares Outstanding | 48.68 M | ||||
| Price To Book | 0.53 X | ||||
| Gross Profit | (149.51 K) | ||||
| EBITDA | (1.3 M) | ||||
| Net Income | (1.39 M) | ||||
| Cash And Equivalents | 3.69 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 499.2 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 4.23 X | ||||
| Book Value Per Share | 0.48 X | ||||
| Cash Flow From Operations | (714.35 K) | ||||
| Earnings Per Share | (0.02) X | ||||
| Market Capitalization | 10.95 M | ||||
| Total Asset | 24.72 M | ||||
| Retained Earnings | 4.08 M | ||||
| Working Capital | (147.53 K) | ||||
About Fortune Bay Performance
Evaluating Fortune Bay's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Fortune Bay has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fortune Bay has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.12 | 0.10 | |
| Return On Tangible Assets | (0.06) | (0.06) | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | (0.06) | (0.06) | |
| Return On Equity | (0.06) | (0.06) |
Things to note about Fortune Bay Corp performance evaluation
Checking the ongoing alerts about Fortune Bay for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortune Bay Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fortune Bay Corp generated a negative expected return over the last 90 days | |
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Fortune Bay Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (1.39 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.69 M in cash with (714.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Roughly 15.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Fortune Bay Advances Goldfields Project with New Strategy - TipRanks |
- Analyzing Fortune Bay's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fortune Bay's stock is overvalued or undervalued compared to its peers.
- Examining Fortune Bay's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fortune Bay's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortune Bay's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortune Bay's stock. These opinions can provide insight into Fortune Bay's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay'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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.