Fortrea Holdings Stock Performance
| FTRE Stock | 21.05 0.50 2.32% |
The firm shows a Beta (market volatility) of 2.48, 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 5.01%. 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.
Risk-Adjusted Performance
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Over the last 90 days Fortrea Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Fortrea Holdings is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Actual Historical Performance (%)
One Day Return (2.32) | Five Day Return 4.21 | Year To Date Return (38.91) | Ten Year Return (34.22) | All Time Return (34.22) |
1 | Acquisition by Robert Parks of 74802 shares of Fortrea Holdings subject to Rule 16b-3 | 09/13/2024 |
2 | Fortrea downgraded to Hold from Buy at Jefferies - TipRanks | 09/25/2024 |
3 | FTRE INVESTOR ALERT Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Fortrea Holdings Inc. and Encourages Investors to Contact the Firm | 10/08/2024 |
4 | 10/17/2024 |
5 | Fortrea Holdings Inc. Reports Next Week Wall Street Expects Earnings Growth | 11/01/2024 |
6 | Acadia Pharmaceuticals Beats Q3 Earnings and Revenue Estimates | 11/06/2024 |
7 | Fortrea Holdings Inc Q3 2024 Earnings Revenue Hits 674. ... | 11/08/2024 |
8 | TD Cowen Forecasts Strong Price Appreciation for Fortrea Stock | 11/11/2024 |
9 | William Blair Reaffirms Market Perform Rating for Fortrea | 11/12/2024 |
10 | Barclays Forecasts Strong Price Appreciation for Fortrea Stock | 11/15/2024 |
11 | There Is A Reason Fortrea Holdings Inc.s Price Is Undemanding | 11/21/2024 |
12 | Fortrea to Present at the Citi Global Healthcare Conference | 11/26/2024 |
| Begin Period Cash Flow | 112 M |
Fortrea |
Fortrea Holdings Relative Risk vs. Return Landscape
If you would invest 2,215 in Fortrea Holdings on September 2, 2024 and sell it today you would lose (110.00) from holding Fortrea Holdings or give up 4.97% of portfolio value over 90 days. Fortrea Holdings is currently generating 0.0335% in daily expected returns and assumes 5.0087% risk (volatility on return distribution) over the 90 days horizon. In different words, 44% of stocks are less volatile than Fortrea, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Fortrea Holdings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortrea Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortrea Holdings, and traders can use it to determine the average amount a Fortrea Holdings' 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 = 0.0067
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FTRE |
Estimated Market Risk
| 5.01 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortrea Holdings 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 Fortrea Holdings by adding Fortrea Holdings to a well-diversified portfolio.
Fortrea Holdings Fundamentals Growth
Fortrea Stock prices reflect investors' perceptions of the future prospects and financial health of Fortrea Holdings, and Fortrea Holdings 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 Fortrea Stock performance.
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.0105 | ||||
| Profit Margin | (0.10) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 2.99 B | ||||
| Shares Outstanding | 89.7 M | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 0.65 X | ||||
| Revenue | 3.11 B | ||||
| EBITDA | 166.9 M | ||||
| Net Income | (3.4 M) | ||||
| Total Debt | 1.68 B | ||||
| Book Value Per Share | 16.87 X | ||||
| Cash Flow From Operations | 167.4 M | ||||
| Earnings Per Share | (2.44) X | ||||
| Market Capitalization | 1.93 B | ||||
| Total Asset | 4.36 B | ||||
| Retained Earnings | (49.1 M) | ||||
| Working Capital | 477.2 M | ||||
About Fortrea Holdings Performance
By analyzing Fortrea Holdings' fundamental ratios, stakeholders can gain valuable insights into Fortrea Holdings' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fortrea Holdings 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 Fortrea Holdings has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.02 | 0.02 |
Things to note about Fortrea Holdings performance evaluation
Checking the ongoing alerts about Fortrea Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortrea Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fortrea Holdings had very high historical volatility over the last 90 days | |
| Fortrea Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.11 B. Net Loss for the year was (3.4 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Fortrea to Present at the Citi Global Healthcare Conference |
- Analyzing Fortrea Holdings' 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 Fortrea Holdings' stock is overvalued or undervalued compared to its peers.
- Examining Fortrea Holdings' 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 Fortrea Holdings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortrea Holdings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortrea Holdings' stock. These opinions can provide insight into Fortrea Holdings' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Fortrea Stock analysis
When running Fortrea Holdings' price analysis, check to measure Fortrea Holdings' 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 Fortrea Holdings is operating at the current time. Most of Fortrea Holdings' value examination focuses on studying past and present price action to predict the probability of Fortrea Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortrea Holdings' price. Additionally, you may evaluate how the addition of Fortrea Holdings to your portfolios can decrease your overall portfolio volatility.
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