Fortress Income (South Africa) Market Value
| FFB Stock | 2,025 15.00 0.74% |
| Symbol | Fortress |
Fortress Income '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 Fortress Income'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 Fortress Income.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in Fortress Income on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Fortress Income or generate 0.0% return on investment in Fortress Income over 720 days. Fortress Income is related to or competes with Growthpoint Properties, Emira Property, Dipula Income, Octodec, Oasis Crescent, and Safari Investments. More
Fortress Income 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 Fortress Income'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 Fortress Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.23 |
Fortress Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortress Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortress Income's standard deviation. In reality, there are many statistical measures that can use Fortress Income historical prices to predict the future Fortress Income's volatility.| Risk Adjusted Performance | 0.0138 | |||
| Jensen Alpha | 0.0085 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.06) |
Fortress Income Backtested Returns
Fortress Income secures Sharpe Ratio (or Efficiency) of -0.0238, which denotes the company had a -0.0238% return per unit of risk over the last 3 months. Fortress Income exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortress Income's Downside Deviation of 1.33, mean deviation of 0.9974, and Coefficient Of Variation of 7871.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortress Income are expected to decrease at a much lower rate. During the bear market, Fortress Income is likely to outperform the market. At this point, Fortress Income has a negative expected return of -0.0286%. Please make sure to confirm Fortress Income's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Fortress Income performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Fortress Income has good predictability. Overlapping area represents the amount of predictability between Fortress Income time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 Fortress Income price movement. The serial correlation of 0.69 indicates that around 69.0% of current Fortress Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 165.5 K |
Fortress Income lagged returns against current returns
Autocorrelation, which is Fortress Income 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 Fortress Income's stock expected returns. We can calculate the autocorrelation of Fortress Income returns to help us make a trade decision. For example, suppose you find that Fortress Income 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 |
Fortress Income 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 Fortress Income stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortress Income stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortress Income stock over time.
Current vs Lagged Prices |
| Timeline |
Fortress Income Lagged Returns
When evaluating Fortress Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortress Income stock have on its future price. Fortress Income 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, Fortress Income autocorrelation shows the relationship between Fortress Income stock current value and its past values and can show if there is a momentum factor associated with investing in Fortress Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Fortress Stock
Fortress Income financial ratios help investors to determine whether Fortress 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 Fortress with respect to the benefits of owning Fortress Income security.