Fortive (Germany) Market Value
| F03 Stock | EUR 74.28 0.68 0.91% |
| 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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Fortive on November 4, 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 30 days. Fortive is related to or competes with Neinor Homes, PARKEN Sport, Tri Pointe, ScanSource, Flutter Entertainment, GigaMedia, and HomeToGo. 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.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0419 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.58 |
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 | 0.0982 | |||
| Jensen Alpha | 0.0472 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | 0.1458 |
Fortive Backtested Returns
At this point, Fortive is very steady. Fortive secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fortive, which you can use to evaluate the volatility of the firm. Please confirm Fortive's Mean Deviation of 1.05, coefficient of variation of 814.92, and Downside Deviation of 1.23 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Fortive has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.11, which means a somewhat significant risk relative to the market. Fortive returns are very sensitive to returns on the market. As the market goes up or down, Fortive is expected to follow. Fortive right now shows a risk of 1.36%. Please confirm Fortive treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Fortive will be following its price patterns.
Auto-correlation | 0.90 |
Excellent predictability
Fortive has excellent predictability. Overlapping area represents the amount of predictability between Fortive time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. 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 0.9 indicates that approximately 90.0% of current Fortive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 3.74 |
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.