Fortis Inc Stock Price on June 1, 2023
| FTS Stock | CAD 62.59 0.09 0.14% |
Below is the normalized historical share price chart for Fortis Inc extending back to December 18, 1989. 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 Fortis stands at 62.59, as last reported on the 29th of November, with the highest price reaching 62.71 and the lowest price hitting 62.29 during the day.
If you're considering investing in Fortis Stock, it is important to understand the factors that can impact its price. As of now, Fortis Stock is very steady. Fortis Inc secures Sharpe Ratio (or Efficiency) of 0.0938, which denotes the company had a 0.0938% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortis Inc, which you can use to evaluate the volatility of the firm. Please confirm Fortis' Downside Deviation of 0.742, coefficient of variation of 735.25, and Mean Deviation of 0.5827 to check if the risk estimate we provide is consistent with the expected return of 0.0759%.
At this time, Fortis' Stock Based Compensation To Revenue is very stable compared to the past year. . At this time, Fortis' Price Book Value Ratio is very stable compared to the past year. As of the 29th of November 2024, Price Earnings To Growth Ratio is likely to grow to 2.15, while Price To Sales Ratio is likely to drop 1.30. Fortis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 56.7514 | 50 Day MA 61.2438 | Beta 0.226 |
Fortis |
Sharpe Ratio = 0.0938
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Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Fortis is performing at about 7% 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 Fortis by adding it to a well-diversified portfolio.
Price Book 1.4931 | Enterprise Value Ebitda 11.7514 | Price Sales 2.7238 | Shares Float 496.5 M | Dividend Share 2.36 |
Fortis Main Headline on 1st of June 2023
Fortis Inc dividend paid on 1st of June 2023 |
Fortis Valuation on June 1, 2023
It is possible to determine the worth of Fortis on a given historical date. On June 1, 2023 Fortis was worth 53.63 at the beginning of the trading date compared to the closed value of 53.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortis stock. Still, in general, we apply an absolute valuation method to find Fortis' 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 Fortis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortis' related companies.
| Open | High | Low | Close | Volume | |
| 53.27 | 53.82 | 53.05 | 53.62 | 2,186,790 | |
06/01/2023 | 53.63 | 53.91 | 53.21 | 53.33 | 1,331,919 |
| 52.90 | 54.28 | 52.83 | 54.13 | 1,971,337 |
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Fortis Trading Date Momentum on June 1, 2023
| On June 02 2023 Fortis Inc was traded for 54.13 at the closing time. The maximum traded price for the trading interval was 54.28 and the lowest daily price was 52.83 . The daily volume was recorded at 2 M. The volume of trading on 2nd of June 2023 played a part in the next trading day price boost. The overall trading delta to the next closing price was 1.50% . The overall trading delta to the closing price today is 1.13% . |
Fortis Inc Fundamentals Correlations and Trends
By evaluating Fortis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortis Stock history
Fortis 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 Fortis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortis Inc 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 Fortis stock prices may prove useful in developing a viable investing in Fortis
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 486.5 M | 510.8 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1 B |
Fortis Stock Technical Analysis
Fortis 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
Fortis Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Fortis Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Fortis November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortis shares will generate the highest return on investment. By undertsting and applying Fortis stock market strength indicators, traders can identify Fortis Inc entry and exit signals to maximize returns
Fortis Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortis' price direction in advance. Along with the technical and fundamental analysis of Fortis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortis 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 | 0.1049 | |||
| Jensen Alpha | 0.0971 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 2.66 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.