Fortis Pref M Preferred Stock Performance
| FTS-PM Preferred Stock | CAD 20.60 0.15 0.73% |
Fortis Pref has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0299, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortis Pref's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortis Pref is expected to be smaller as well. Fortis Pref M right now shows a risk of 0.55%. Please confirm Fortis Pref M expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Fortis Pref M will be following its price patterns.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Fortis Pref M are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Fortis Pref is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 395 M | |
| Free Cash Flow | -365 M |
Fortis |
Fortis Pref Relative Risk vs. Return Landscape
If you would invest 2,035 in Fortis Pref M on September 12, 2024 and sell it today you would earn a total of 25.00 from holding Fortis Pref M or generate 1.23% return on investment over 90 days. Fortis Pref M is generating 0.0209% of daily returns and assumes 0.5511% volatility on return distribution over the 90 days horizon. Simply put, 4% of preferred stocks are less volatile than Fortis, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fortis Pref Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis Pref's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Fortis Pref M, and traders can use it to determine the average amount a Fortis Pref'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 = 0.0379
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| Negative Returns | FTS-PM |
Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Fortis Pref is performing at about 2% of its full potential. 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 Fortis Pref by adding it to a well-diversified portfolio.
Fortis Pref Fundamentals Growth
Fortis Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of Fortis Pref, and Fortis Pref 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 Fortis Preferred Stock performance.
| Return On Equity | 0.0744 | ||||
| Return On Asset | 0.0309 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 44.9 B | ||||
| Shares Outstanding | 426.6 M | ||||
| Price To Earning | 4.52 X | ||||
| Price To Sales | 2.52 X | ||||
| Revenue | 11.52 B | ||||
| EBITDA | 5.12 B | ||||
| Cash And Equivalents | 191 M | ||||
| Cash Per Share | 0.44 X | ||||
| Total Debt | 2.42 B | ||||
| Debt To Equity | 125.00 % | ||||
| Book Value Per Share | 42.66 X | ||||
| Cash Flow From Operations | 3.67 B | ||||
| Earnings Per Share | 2.59 X | ||||
| Total Asset | 65.92 B | ||||
| Retained Earnings | 4.11 B | ||||
About Fortis Pref Performance
By analyzing Fortis Pref's fundamental ratios, stakeholders can gain valuable insights into Fortis Pref's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fortis Pref 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 Fortis Pref has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It also owns and operates transmission and distribution lines and natural gas pipelines. FORTIS INC operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 8800 people.Things to note about Fortis Pref M performance evaluation
Checking the ongoing alerts about Fortis Pref for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Fortis Pref M help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fortis Pref M has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Fortis Pref M has accumulated 2.42 B in total debt with debt to equity ratio (D/E) of 125.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortis Pref M has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortis Pref until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis Pref's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortis Pref M sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis Pref's use of debt, we should always consider it together with cash and equity. |
- Analyzing Fortis Pref'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 Fortis Pref's stock is overvalued or undervalued compared to its peers.
- Examining Fortis Pref'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 Fortis Pref's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortis Pref's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortis Pref's preferred stock. These opinions can provide insight into Fortis Pref's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Fortis Preferred Stock analysis
When running Fortis Pref's price analysis, check to measure Fortis Pref'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 Fortis Pref is operating at the current time. Most of Fortis Pref's value examination focuses on studying past and present price action to predict the probability of Fortis Pref's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis Pref's price. Additionally, you may evaluate how the addition of Fortis Pref to your portfolios can decrease your overall portfolio volatility.
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