Jim Cramer Praises Fortune Brands Innovations, Inc. Products Stock Misses Analyst Revenue And Earnings Estimates of 1.24 Billion by Posting 1.16 billion
| FBIN Stock | 67.59 0.74 1.08% |
About 62% of Fortune Brands' investor base is looking to short. The current sentiment of investing in Fortune Brands Innovations suggests that many traders are alarmed. Fortune Brands' investing sentiment overview a quick insight into current market opportunities from investing in Fortune Brands Innovations. Many technical investors use Fortune Brands Innov stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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We recently compiled a list of the Jim Cramers Bold Predictions About These 10 Industrial Stocks. In this article, we are going to take a look at where Fortune Brands Innovations, Inc. stands against the other industrial stocks. As 2024 comes to an end, the flagship SP index is up by 25.9 percent year to date,
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Fortune Brands Fundamental Analysis
We analyze Fortune Brands' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortune Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortune Brands based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
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Beta Comparative Analysis
Fortune Brands is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Fortune Brands Innov Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortune Brands stock to make a market-neutral strategy. Peer analysis of Fortune Brands could also be used in its relative valuation, which is a method of valuing Fortune Brands by comparing valuation metrics with similar companies.
Peers
Fortune Brands Related Equities
| TT | Trane Technologies | 1.22 | ||||
| NX | Quanex Building | 0.75 | ||||
| LPX | Louisiana Pacific | 0.31 | ||||
| CARR | Carrier Global | 0.10 | ||||
| JCI | Johnson Controls | 0.03 | ||||
| BLDR | Builders FirstSource | 0.66 | ||||
| CSL | Carlisle Companies | 0.68 | ||||
| LII | Lennox International | 0.78 | ||||
| AZEK | Azek | 0.80 | ||||
| BECN | Beacon Roofing | 1.08 | ||||
| MAS | Masco | 1.31 | ||||
| JELD | Jeld Wen | 1.34 |
Check out Fortune Brands Hype Analysis, Fortune Brands Correlation and Fortune Brands Performance. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Construction space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortune Brands. If investors know Fortune will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortune Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Fortune Brands Innov is measured differently than its book value, which is the value of Fortune that is recorded on the company's balance sheet. Investors also form their own opinion of Fortune Brands' value that differs from its market value or its book value, called intrinsic value, which is Fortune Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortune Brands' market value can be influenced by many factors that don't directly affect Fortune Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.