Fortinet (Germany) Price on January 6, 2025

FO8 Stock  EUR 87.93  0.39  0.44%   
If you're considering investing in Fortinet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortinet stands at 87.93, as last reported on the 20th of March, with the highest price reaching 88.42 and the lowest price hitting 87.26 during the day. Fortinet secures Sharpe Ratio (or Efficiency) of -0.0448, which denotes the company had a -0.0448 % return per unit of risk over the last 3 months. Fortinet exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortinet's Variance of 3.74, standard deviation of 1.94, and Mean Deviation of 1.48 to check the risk estimate we provide.
  
Fortinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0448

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Estimated Market Risk

 1.94
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fortinet 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 Fortinet by adding Fortinet to a well-diversified portfolio.

Fortinet Valuation on January 6, 2025

It is possible to determine the worth of Fortinet on a given historical date. On January 6, 2025 Fortinet was worth 96.01 at the beginning of the trading date compared to the closed value of 93.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortinet stock. Still, in general, we apply an absolute valuation method to find Fortinet'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 Fortinet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortinet's related companies.
 Open High Low Close Volume
  92.14    95.00    92.14    95.00    111.00  
01/06/2025
  96.01    97.67    93.98    93.98    441.00  
  93.83    94.19    93.07    93.07    172.00  
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Open Value
96.01
93.98
Closing Value
101.82
Upside

Fortinet Trading Date Momentum on January 6, 2025

On January 07 2025 Fortinet was traded for  93.07  at the closing time. The highest daily price throughout the period was 94.19  and the lowest price was  93.07 . The daily volume was 172. The net trading volume on 01/07/2025 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.97% . The overall trading delta to current closing price is 4.15% .

Fortinet Fundamentals Correlations and Trends

By evaluating Fortinet'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 Fortinet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fortinet Stock history

Fortinet 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 Fortinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortinet 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 Fortinet stock prices may prove useful in developing a viable investing in Fortinet
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. The company was founded in 2000 and is headquartered in Sunnyvale, California. FORTINET INC operates under Software - Application classification in Germany and is traded on Frankfurt Stock Exchange. It employs 6015 people.

Fortinet Stock Technical Analysis

Fortinet 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 Fortinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortinet 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

Fortinet Period Price Range

Low
March 20, 2025
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High

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Fortinet cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

Fortinet March 20, 2025 Market Strength

Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns

Fortinet Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fortinet's price direction in advance. Along with the technical and fundamental analysis of Fortinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortinet 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 Fortinet Stock analysis

When running Fortinet's price analysis, check to measure Fortinet'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 Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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