Fortnox AB (Sweden) Today
| FNOX Stock | 61.56 0.52 0.84% |
Performance2 of 100
| Odds Of DistressLess than 9
|
Fortnox AB is selling for under 61.56 as of the 5th of May 2024; that is -0.84 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 61.56. Fortnox AB has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Fortnox AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of March 2024 and ending today, the 5th of May 2024. Click here to learn more.
Moving against Fortnox Stock
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| 0.41 | ALBERT | eEducation Albert | PairCorr |
Follow Valuation Odds of Bankruptcy
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Fortnox Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortnox AB's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortnox AB or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Software-Application, Technology (View all Sectors) |
Fortnox AB (FNOX) is traded on Stockholm Exchange in Sweden and employs 657 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 37.7 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortnox AB's market, we take the total number of its shares issued and multiply it by Fortnox AB's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fortnox AB operates under Technology sector and is part of Software-Application industry. The entity has 609.75 M outstanding shares.
Fortnox AB generates positive cash flow from operations, but has no cash available
Check Fortnox AB Probability Of Bankruptcy
Ownership AllocationFortnox AB holds a total of 609.75 Million outstanding shares. Fortnox AB retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Fortnox Ownership Details
Fortnox Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Fortnox AB jumping above the current price in 90 days from now is about 88.6%. The Fortnox AB probability density function shows the probability of Fortnox AB stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Fortnox AB has a beta of 0.7417. This usually indicates as returns on the market go up, Fortnox AB average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortnox AB will be expected to be much smaller as well. Additionally, fortnox AB has an alpha of 0.0456, implying that it can generate a 0.0456 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Fortnox AB to move above the current price in 90 days from now is about 88.6 (This Fortnox AB probability density function shows the probability of Fortnox Stock to fall within a particular range of prices over 90 days) .
Fortnox AB Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fortnox AB market risk premium is the additional return an investor will receive from holding Fortnox AB long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fortnox AB. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fortnox AB's alpha and beta are two of the key measurements used to evaluate Fortnox AB's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.05 | |||
| Semi Deviation | 3.28 | |||
| Standard Deviation | 3.93 | |||
| Variance | 15.47 |
Fortnox Stock Against Markets
Picking the right benchmark for Fortnox AB stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortnox AB stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortnox AB is critical whether you are bullish or bearish towards Fortnox AB at a given time. Please also check how Fortnox AB's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fortnox AB without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fortnox AB Corporate Management
Elected by the shareholders, the Fortnox AB's board of directors comprises two types of representatives: Fortnox AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortnox. The board's role is to monitor Fortnox AB's management team and ensure that shareholders' interests are well served. Fortnox AB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortnox AB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tommy Eklund | CEO Pres | Profile | |
| Johanna Arvung | Chief Officer | Profile | |
| Karin Korpe | Head Control | Profile | |
| Johan Lundgren | COO Mang | Profile | |
| Mikael Folkesson | Head IT | Profile | |
| Jesper Svensson | Chief Officer | Profile | |
| Andreas Fridell | Chief Officer | Profile |
How to buy Fortnox Stock?
Before investing in Fortnox AB, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fortnox AB. To buy Fortnox AB stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fortnox AB. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Fortnox AB stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Fortnox AB stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Fortnox AB stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fortnox AB, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Fortnox AB?
The danger of trading Fortnox AB is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortnox AB is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortnox AB. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortnox AB is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortnox AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Fortnox Stock analysis
When running Fortnox AB's price analysis, check to measure Fortnox AB'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 Fortnox AB is operating at the current time. Most of Fortnox AB's value examination focuses on studying past and present price action to predict the probability of Fortnox AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortnox AB's price. Additionally, you may evaluate how the addition of Fortnox AB to your portfolios can decrease your overall portfolio volatility.
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