Fortis Inc Stock Market Value
| FTS Stock | USD 48.06 0.78 1.65% |
| Symbol | Fortis |
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 0.072 | Dividend Share 2.41 | Earnings Share 2.42 | Revenue Per Share | Quarterly Revenue Growth 0.071 |
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.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Fortis on April 22, 2025 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 90 days. Fortis is related to or competes with Algonquin Power, BCE, Canadian Imperial, CenterPoint Energy, Entergy, Evergy,, and Alliant 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.
| Downside Deviation | 0.9637 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.26 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.41 |
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.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.15) |
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.
Fortis Inc Backtested Returns
Fortis Inc secures Sharpe Ratio (or Efficiency) of -0.0404, which denotes the company had a -0.0404 % return per unit of risk over the last 3 months. Fortis Inc exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortis' Downside Deviation of 0.9637, mean deviation of 0.7104, and Coefficient Of Variation of 7122.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0177, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortis are expected to decrease at a much lower rate. During the bear market, Fortis is likely to outperform the market. At this point, Fortis Inc has a negative expected return of -0.0359%. Please make sure to confirm Fortis' potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fortis Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Fortis Inc has virtually no predictability. Overlapping area represents the amount of predictability between Fortis time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 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 Fortis Inc price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Fortis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
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
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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.