Fortis Srs J Preferred Stock Market Value
| FTS-PJ Preferred Stock | CAD 20.79 0.04 0.19% |
| Symbol | Fortis |
Fortis Srs '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 Fortis Srs' preferred 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 Fortis Srs.
| 11/05/2023 |
| 02/27/2025 |
If you would invest 0.00 in Fortis Srs on November 5, 2023 and sell it all today you would earn a total of 0.00 from holding Fortis Srs J or generate 0.0% return on investment in Fortis Srs over 480 days. Fortis Srs is related to or competes with Rogers Communications, Canlan Ice, and Canadian General. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean More
Fortis Srs 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 Fortis Srs' preferred 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 Fortis Srs J upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7784 | |||
| Information Ratio | 0.1178 | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.53 |
Fortis Srs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis Srs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortis Srs' standard deviation. In reality, there are many statistical measures that can use Fortis Srs historical prices to predict the future Fortis Srs' volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.0813 | |||
| Total Risk Alpha | 0.0878 | |||
| Sortino Ratio | 0.1128 | |||
| Treynor Ratio | (12.70) |
Fortis Srs J Backtested Returns
At this point, Fortis Srs is very steady. Fortis Srs J secures Sharpe Ratio (or Efficiency) of 0.0813, which denotes the company had a 0.0813 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortis Srs J, which you can use to evaluate the volatility of the firm. Please confirm Fortis Srs' Mean Deviation of 0.5695, downside deviation of 0.7784, and Coefficient Of Variation of 815.98 to check if the risk estimate we provide is consistent with the expected return of 0.0625%. Fortis Srs has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0064, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortis Srs are expected to decrease at a much lower rate. During the bear market, Fortis Srs is likely to outperform the market. Fortis Srs J right now shows a risk of 0.77%. Please confirm Fortis Srs J expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Fortis Srs J will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
Fortis Srs J has good predictability. Overlapping area represents the amount of predictability between Fortis Srs time series from 5th of November 2023 to 2nd of July 2024 and 2nd of July 2024 to 27th of February 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 Fortis Srs J price movement. The serial correlation of 0.76 indicates that around 76.0% of current Fortis Srs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Fortis Srs J lagged returns against current returns
Autocorrelation, which is Fortis Srs preferred 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 Fortis Srs' preferred stock expected returns. We can calculate the autocorrelation of Fortis Srs returns to help us make a trade decision. For example, suppose you find that Fortis Srs has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Fortis Srs 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 Fortis Srs preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortis Srs preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortis Srs preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Fortis Srs Lagged Returns
When evaluating Fortis Srs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortis Srs preferred stock have on its future price. Fortis Srs 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, Fortis Srs autocorrelation shows the relationship between Fortis Srs preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Fortis Srs J.
Regressed Prices |
| Timeline |
Pair Trading with Fortis Srs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis Srs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis Srs will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortis Preferred Stock
Moving against Fortis Preferred Stock
The ability to find closely correlated positions to Fortis Srs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis Srs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis Srs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Srs J to buy it.
The correlation of Fortis Srs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis Srs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Srs J moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortis Srs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortis Preferred Stock
Fortis Srs financial ratios help investors to determine whether Fortis Preferred 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 Fortis with respect to the benefits of owning Fortis Srs security.