Fortress Income (South Africa) Price on August 23, 2024
FFB Stock | 1,930 75.00 2.04% |
If you're considering investing in Fortress Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortress Income stands at 2,014, as last reported on the 30th of December, with the highest price reaching 2,056 and the lowest price hitting 1,987 during the day. Fortress Income secures Sharpe Ratio (or Efficiency) of -0.008, which denotes the company had a -0.008% return per unit of risk over the last 3 months. Fortress Income exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortress Income's Standard Deviation of 1.2, variance of 1.44, and Mean Deviation of 0.9371 to check the risk estimate we provide.
Fortress Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortress |
Sharpe Ratio = -0.008
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Estimated Market Risk
1.2 actual daily | 10 90% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortress Income is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortress Income by adding Fortress Income to a well-diversified portfolio.
Fortress Income Valuation on August 23, 2024
It is possible to determine the worth of Fortress Income on a given historical date. On August 23, 2024 Fortress was worth 1790.0 at the beginning of the trading date compared to the closed value of 1830.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortress Income stock. Still, in general, we apply an absolute valuation method to find Fortress Income's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortress Income where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortress Income's related companies.
Open | High | Low | Close | Volume | |
1,775 | 1,788 | 1,741 | 1,785 | 2,417,573 | |
08/23/2024 | 1,790 | 1,853 | 1,790 | 1,830 | 2,642,519 |
1,834 | 1,854 | 1,823 | 1,840 | 6,349,509 |
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Fortress Income Trading Date Momentum on August 23, 2024
On August 26 2024 Fortress Income was traded for 1,840 at the closing time. The highest price during the trading period was 1,854 and the lowest recorded bid was listed for 1,823 . The volume for the day was 6.3 M. This history from August 26, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.55% . The overall trading delta to the current price is 5.57% . |
Fortress Income Fundamentals Correlations and Trends
By evaluating Fortress Income's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortress Income's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortress financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortress Income Stock history
Fortress Income investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortress is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortress Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortress Income stock prices may prove useful in developing a viable investing in Fortress Income
Fortress Income Stock Technical Analysis
Fortress Income technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Fortress Income Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Fortress Income cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fortress Income December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortress Income stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortress Income shares will generate the highest return on investment. By undertsting and applying Fortress Income stock market strength indicators, traders can identify Fortress Income entry and exit signals to maximize returns
Fortress Income Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortress Income's price direction in advance. Along with the technical and fundamental analysis of Fortress Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortress to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.05) | |||
Treynor Ratio | 0.2714 |
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Complementary Tools for Fortress Stock analysis
When running Fortress Income's price analysis, check to measure Fortress Income'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 Fortress Income is operating at the current time. Most of Fortress Income's value examination focuses on studying past and present price action to predict the probability of Fortress Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortress Income's price. Additionally, you may evaluate how the addition of Fortress Income to your portfolios can decrease your overall portfolio volatility.
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