Fortune Bay Corp Stock Price on October 15, 2024
| FOR Stock | CAD 0.25 0.01 4.17% |
Below is the normalized historical share price chart for Fortune Bay Corp extending back to June 30, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fortune Bay stands at 0.25, as last reported on the 14th of December 2024, with the highest price reaching 0.25 and the lowest price hitting 0.25 during the day.
If you're considering investing in Fortune Stock, it is important to understand the factors that can impact its price. At this stage we consider Fortune Stock to be out of control. Fortune Bay Corp secures Sharpe Ratio (or Efficiency) of 0.0072, which denotes the company had a 0.0072% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Fortune Bay Corp, which you can use to evaluate the volatility of the firm. Please confirm Fortune Bay's Downside Deviation of 6.12, mean deviation of 2.75, and Coefficient Of Variation of 4723.57 to check if the risk estimate we provide is consistent with the expected return of 0.0312%.
Other Stockholder Equity is likely to climb to about 3.5 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 19.4 M in 2024. . At this time, Fortune Bay's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 20.00 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop (12.13) in 2024. Fortune Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.247 | 50 Day MA 0.2601 | Beta 1.676 |
Fortune |
Sharpe Ratio = 0.0072
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Estimated Market Risk
| 4.33 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.03 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 Fortune Bay 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 Fortune Bay by adding Fortune Bay to a well-diversified portfolio.
Price Book 0.5459 | Book Value 0.49 | Enterprise Value 12.2 M | Enterprise Value Ebitda (6.35) | Shares Float 36.3 M |
Fortune Bay Valuation on October 15, 2024
It is possible to determine the worth of Fortune Bay on a given historical date. On October 15, 2024 Fortune was worth 0.27 at the beginning of the trading date compared to the closed value of 0.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Bay stock. Still, in general, we apply an absolute valuation method to find Fortune Bay'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 Fortune Bay where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortune Bay's related companies.
| Open | High | Low | Close | Volume | |
| 0.25 | 0.30 | 0.25 | 0.26 | 41,000 | |
10/15/2024 | 0.27 | 0.27 | 0.27 | 0.27 | 3,013 |
| 0.28 | 0.28 | 0.26 | 0.26 | 9,500 |
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Fortune Bay Trading Date Momentum on October 15, 2024
| On October 16 2024 Fortune Bay Corp was traded for 0.26 at the closing time. The highest daily price throughout the period was 0.28 and the lowest price was 0.26 . The daily volume was 9.5 K. The net trading volume on 10/16/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 3.70% . The overall trading delta to current closing price is 0.00% . |
Fortune Bay Corp Fundamentals Correlations and Trends
By evaluating Fortune Bay'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 Fortune Bay's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortune financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortune Bay Stock history
Fortune Bay 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 Fortune is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortune Bay Corp 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 Fortune Bay stock prices may prove useful in developing a viable investing in Fortune Bay
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 43.4 M | 28.9 M | |
| Net Loss | -1.6 M | -1.6 M |
Fortune Bay Stock Technical Analysis
Fortune Bay 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
Fortune Bay Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Fortune Bay Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Fortune Bay December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Bay 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 Bay shares will generate the highest return on investment. By undertsting and applying Fortune Bay stock market strength indicators, traders can identify Fortune Bay Corp entry and exit signals to maximize returns
Fortune Bay Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortune Bay's price direction in advance. Along with the technical and fundamental analysis of Fortune Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortune 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 | 0.0237 | |||
| Jensen Alpha | 0.1217 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.18) |
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Additional Tools for Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay'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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.