Fortune Bay Corp Stock Price on July 8, 2024
| FTBYF Stock | USD 0.18 0.01 5.88% |
If you're considering investing in Fortune OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortune Bay stands at 0.18, as last reported on the 11th of December 2024, with the highest price reaching 0.18 and the lowest price hitting 0.18 during the day. Fortune Bay appears to be out of control, given 3 months investment horizon. Fortune Bay Corp secures Sharpe Ratio (or Efficiency) of 0.0442, which denotes the company had a 0.0442% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortune Bay Corp, which you can use to evaluate the volatility of the firm. Please utilize Fortune Bay's Coefficient Of Variation of 2279.24, downside deviation of 9.59, and Mean Deviation of 3.44 to check if our risk estimates are consistent with your expectations.
Fortune OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortune |
Sharpe Ratio = 0.0442
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Estimated Market Risk
| 6.33 actual daily | 56 56% of assets are less volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Fortune Bay is performing at about 3% of its full potential. 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 it to a well-diversified portfolio.
Fortune Bay Valuation on July 8, 2024
It is possible to determine the worth of Fortune Bay on a given historical date. On July 8, 2024 Fortune was worth 0.16 at the beginning of the trading date compared to the closed value of 0.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Bay otc 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 | |
| 0.19 | 0.19 | 0.19 | 0.19 | 1.00 | |
07/08/2024 | 0.16 | 0.16 | 0.16 | 0.16 | 153.00 |
| 0.15 | 0.16 | 0.15 | 0.16 | 1,207 |
| Backtest Fortune Bay | | | Fortune Bay History | | | Fortune Bay Valuation | Previous | Next |
Fortune Bay Trading Date Momentum on July 8, 2024
| On July 09 2024 Fortune Bay Corp was traded for 0.16 at the closing time. The highest daily price throughout the period was 0.16 and the lowest price was 0.15 . The daily volume was 1.2 K. The net trading volume on 07/09/2024 did not affect price variability. 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 OTC 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
Fortune Bay Corp. acquires, explores for, and develops mineral properties. It also owns 2 percent net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. Fortune Bay is traded on OTC Exchange in the United States.
Fortune Bay OTC Stock Technical Analysis
Fortune Bay technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Fortune Bay Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Fortune Bay Corp cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Bay otc 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 otc 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 OTC 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 | 0.0405 | |||
| Jensen Alpha | 0.3583 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | (0.33) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Fortune OTC 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.
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