Fortis Pref Preferred Stock Forecast - Price Action Indicator
| FTS-PM Preferred Stock | CAD 20.64 0.06 0.29% |
Fortis Preferred Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fortis Pref stock prices and determine the direction of Fortis Pref M's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fortis Pref's historical fundamentals, such as revenue growth or operating cash flow patterns.
Fortis |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.08) | (0.07) |
| Check Fortis Pref Volatility | Backtest Fortis Pref | Information Ratio |
Fortis Pref Trading Date Momentum
| On November 29 2024 Fortis Pref M was traded for 20.64 at the closing time. The highest price during the trading period was 20.78 and the lowest recorded bid was listed for 20.58 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not affect price variability. The overall trading delta to the current price is 0.39% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Fortis Pref to competition |
Other Forecasting Options for Fortis Pref
For every potential investor in Fortis, whether a beginner or expert, Fortis Pref's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fortis Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fortis. Basic forecasting techniques help filter out the noise by identifying Fortis Pref's price trends.Fortis Pref Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortis Pref preferred stock to make a market-neutral strategy. Peer analysis of Fortis Pref could also be used in its relative valuation, which is a method of valuing Fortis Pref by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fortis Pref M Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fortis Pref's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Fortis Pref's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fortis Pref Market Strength Events
Market strength indicators help investors to evaluate how Fortis Pref preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortis Pref shares will generate the highest return on investment. By undertsting and applying Fortis Pref preferred stock market strength indicators, traders can identify Fortis Pref M entry and exit signals to maximize returns.
Fortis Pref Risk Indicators
The analysis of Fortis Pref's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Fortis Pref's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fortis preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.4094 | |||
| Semi Deviation | 0.4609 | |||
| Standard Deviation | 0.5446 | |||
| Variance | 0.2966 | |||
| Downside Variance | 0.2952 | |||
| Semi Variance | 0.2124 | |||
| Expected Short fall | (0.46) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Fortis Pref
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis Pref position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis Pref will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fortis Pref could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis Pref when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis Pref - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Pref M to buy it.
The correlation of Fortis Pref is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Pref M moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortis Pref can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortis Preferred Stock
Fortis Pref financial ratios help investors to determine whether Fortis Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortis with respect to the benefits of owning Fortis Pref security.