Fortune Brands Innovations Stock Probability of Future Stock Price Finishing Over 88.68
| FBIN Stock | 77.97 0.03 0.04% |
Fortune |
Fortune Brands Target Price Odds to finish over 88.68
The tendency of Fortune Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 88.68 or more in 90 days |
| 77.97 | 90 days | 88.68 | about 11.81 |
Based on a normal probability distribution, the odds of Fortune Brands to move over 88.68 or more in 90 days from now is about 11.81 (This Fortune Brands Innovations probability density function shows the probability of Fortune Stock to fall within a particular range of prices over 90 days) . Probability of Fortune Brands Innov price to stay between its current price of 77.97 and 88.68 at the end of the 90-day period is about 71.48 .
Given the investment horizon of 90 days Fortune Brands has a beta of 0.82. This usually indicates as returns on the market go up, Fortune Brands average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortune Brands Innovations will be expected to be much smaller as well. Additionally Fortune Brands Innovations has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Fortune Brands Price Density |
| Price |
Predictive Modules for Fortune Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fortune Brands Innov. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Fortune Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fortune Brands is not an exception. The market had few large corrections towards the Fortune Brands' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Fortune Brands Innovations, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fortune Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.82 | |
σ | Overall volatility | 4.98 | |
Ir | Information ratio | -0.09 |
Fortune Brands Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Fortune Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fortune Brands Innov can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Fortune Brands Innov generated a negative expected return over the last 90 days | |
| Fortune Brands Innov has a strong financial position based on the latest SEC filings | |
| Over 94.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Fortune Brands Innovations Inc Trading 5.99 percent Higher on Nov 25 |
Fortune Brands Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Fortune Stock often depends not only on the future outlook of the current and potential Fortune Brands' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Fortune Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 127.7 M | |
| Cash And Short Term Investments | 366.4 M |
Fortune Brands Technical Analysis
Fortune Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Fortune Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fortune Brands Innovations. In general, you should focus on analyzing Fortune Stock price patterns and their correlations with different microeconomic environments and drivers.
Fortune Brands Predictive Forecast Models
Fortune Brands' time-series forecasting models is one of many Fortune Brands' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Fortune Brands' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Fortune Brands Innov
Checking the ongoing alerts about Fortune Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fortune Brands Innov help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fortune Brands Innov generated a negative expected return over the last 90 days | |
| Fortune Brands Innov has a strong financial position based on the latest SEC filings | |
| Over 94.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Fortune Brands Innovations Inc Trading 5.99 percent Higher on Nov 25 |
Check out Fortune Brands Backtesting, Fortune Brands Valuation, Fortune Brands Correlation, Fortune Brands Hype Analysis, Fortune Brands Volatility, Fortune Brands History as well as Fortune Brands Performance. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Building Products 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 Fortune Brands. If investors know Fortune 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 Fortune Brands 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 0.019 | Dividend Share 0.95 | Earnings Share 3.55 | Revenue Per Share 37.269 | Quarterly Revenue Growth (0.08) |
The market value of Fortune Brands Innov is measured differently than its book value, which is the value of Fortune that is recorded on the company's balance sheet. Investors also form their own opinion of Fortune Brands' value that differs from its market value or its book value, called intrinsic value, which is Fortune Brands' 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 Fortune Brands' market value can be influenced by many factors that don't directly affect Fortune Brands' 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 Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' 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.