Fortive (Germany) Market Value
| F03 Stock | EUR 67.40 0.72 1.06% |
| Symbol | Fortive |
Fortive 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fortive's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fortive.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fortive on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fortive or generate 0.0% return on investment in Fortive over 90 days. Fortive is related to or competes with SLR Investment, Mitsui Chemicals, TITAN MACHINERY, AGRICULTBK HADR25, and Penta-Ocean Construction. Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, softwar... More
Fortive Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fortive's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fortive upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.83 |
Fortive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortive's standard deviation. In reality, there are many statistical measures that can use Fortive historical prices to predict the future Fortive's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.0441 | |||
| Treynor Ratio | (0.60) |
Fortive Backtested Returns
Fortive secures Sharpe Ratio (or Efficiency) of -0.0979, which denotes the company had a -0.0979 % return per unit of risk over the last 3 months. Fortive exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortive's Mean Deviation of 0.9086, variance of 1.37, and Standard Deviation of 1.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortive is expected to be smaller as well. At this point, Fortive has a negative expected return of -0.12%. Please make sure to confirm Fortive's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Fortive performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Fortive has very good reverse predictability. Overlapping area represents the amount of predictability between Fortive time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortive price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Fortive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
Fortive lagged returns against current returns
Autocorrelation, which is Fortive stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fortive's stock expected returns. We can calculate the autocorrelation of Fortive returns to help us make a trade decision. For example, suppose you find that Fortive has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fortive regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fortive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortive stock over time.
Current vs Lagged Prices |
| Timeline |
Fortive Lagged Returns
When evaluating Fortive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortive stock have on its future price. Fortive autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fortive autocorrelation shows the relationship between Fortive stock current value and its past values and can show if there is a momentum factor associated with investing in Fortive.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fortive Stock
Fortive financial ratios help investors to determine whether Fortive Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortive with respect to the benefits of owning Fortive security.