Fortune Brands Stock Forecast - Daily Balance Of Power
| FBIN Stock | 69.67 1.11 1.62% |
Fortune Stock Forecast is based on your current time horizon. Although Fortune Brands' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Fortune Brands' systematic risk associated with finding meaningful patterns of Fortune Brands fundamentals over time.
Fortune |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4879 | 0.4879 |
| Check Fortune Brands Volatility | Backtest Fortune Brands | Information Ratio |
Fortune Brands Trading Date Momentum
| On December 22 2024 Fortune Brands Innovations was traded for 69.67 at the closing time. The top price for the day was 70.14 and the lowest listed price was 68.07 . There was no trading activity during the period 0.0. Lack of trading volume on December 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.45% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Fortune Brands to competition |
Other Forecasting Options for Fortune Brands
For every potential investor in Fortune, whether a beginner or expert, Fortune Brands' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fortune Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fortune. Basic forecasting techniques help filter out the noise by identifying Fortune Brands' price trends.Fortune Brands 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 Fortune Brands stock to make a market-neutral strategy. Peer analysis of Fortune Brands could also be used in its relative valuation, which is a method of valuing Fortune Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fortune Brands Innov Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fortune Brands' 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 Fortune Brands' current price.| Cycle Indicators | ||
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| Volatility Indicators | ||
| Volume Indicators |
Fortune Brands Market Strength Events
Market strength indicators help investors to evaluate how Fortune Brands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortune Brands shares will generate the highest return on investment. By undertsting and applying Fortune Brands stock market strength indicators, traders can identify Fortune Brands Innovations entry and exit signals to maximize returns.
Fortune Brands Risk Indicators
The analysis of Fortune Brands' 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 Fortune Brands' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fortune 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 | 1.32 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 |
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 Fortune Brands
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 Fortune Brands 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 Fortune Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortune Stock
Moving against Fortune Stock
| 0.82 | AAON | AAON Inc | PairCorr |
| 0.76 | JCI | Johnson Controls Int | PairCorr |
| 0.73 | AWI | Armstrong World Indu | PairCorr |
| 0.73 | LMB | Limbach Holdings | PairCorr |
| 0.71 | AIRJW | Montana Technologies Symbol Change | PairCorr |
The ability to find closely correlated positions to Fortune Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortune Brands 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 Fortune Brands - 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 Fortune Brands Innovations to buy it.
The correlation of Fortune Brands 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 Fortune Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Brands Innov 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 Fortune Brands 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.Check out Historical Fundamental Analysis of Fortune Brands to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.