Fortress Income (South Africa) Price on November 24, 2023

FFB Stock   2,015  10.00  0.49%   
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 2,015, as last reported on the 27th of December, with the highest price reaching 2,032 and the lowest price hitting 2,015 during the day. Fortress Income secures Sharpe Ratio (or Efficiency) of -0.0235, which denotes the company had a -0.0235% return per unit of risk over the last 3 months. Fortress Income exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortress Income's Mean Deviation of 0.9449, downside deviation of 1.23, and Coefficient Of Variation of 29006.82 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.

Sharpe Ratio = -0.0235

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Estimated Market Risk

 1.21
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  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 November 24, 2023

It is possible to determine the worth of Fortress Income on a given historical date. On November 24, 2023 Fortress was worth 657.0 at the beginning of the trading date compared to the closed value of 662.0. 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
  648.00    667.00    648.00    665.00    618,851  
11/24/2023
  657.00    667.00    648.00    662.00    1,215,197  
  664.00    685.00    638.00    643.00    1,761,865  
Backtest Fortress Income  |  Fortress Income History  |  Fortress Income Valuation   PreviousNext  
Open Value
657.0
653.37
Downside
662.0
Closing Value
660.63
Upside

Fortress Income Trading Date Momentum on November 24, 2023

On November 27 2023 Fortress Income was traded for  643.00  at the closing time. The highest price during the trading period was 685.00  and the lowest recorded bid was listed for  638.00 . The volume for the day was 1.8 M. This history from November 27, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.87% . The overall trading delta to the current price is 0.60% .

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.
A focus of Fortress Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortress Income trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fortress Income Period Price Range

Low
December 27, 2024
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High

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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 27, 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.

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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