Fortis Inc Stock Performance
| FTS Stock | CAD 63.01 0.19 0.30% |
Fortis has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fortis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortis is expected to be smaller as well. Fortis Inc right now shows a risk of 0.98%. Please confirm Fortis Inc semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Fortis Inc will be following its price patterns.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Fortis Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Fortis is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0389 | Payout Ratio | Last Split Factor 4:1 | Forward Dividend Rate 2.46 | Dividend Date 2025-06-01 |
1 | CIBC Forecasts Strong Price Appreciation for Fortis Stock - MarketBeat | 01/08/2025 |
2 | Fortis Earnings Expected to Grow What to Know Ahead of Next Weeks Release - Yahoo Finance | 02/07/2025 |
| Begin Period Cash Flow | 625 M |
Fortis |
Fortis Relative Risk vs. Return Landscape
If you would invest 6,198 in Fortis Inc on November 29, 2024 and sell it today you would earn a total of 103.00 from holding Fortis Inc or generate 1.66% return on investment over 90 days. Fortis Inc is generating 0.0322% of daily returns assuming 0.9793% volatility of returns over the 90 days investment horizon. Simply put, 8% of all stocks have less volatile historical return distribution than Fortis, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Fortis Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortis Inc, and traders can use it to determine the average amount a Fortis' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0329
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FTS |
Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Fortis is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortis by adding it to a well-diversified portfolio.
Fortis Fundamentals Growth
Fortis Stock prices reflect investors' perceptions of the future prospects and financial health of Fortis, and Fortis fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fortis Stock performance.
| Return On Equity | 0.0743 | ||||
| Return On Asset | 0.0302 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 66.57 B | ||||
| Shares Outstanding | 499.3 M | ||||
| Price To Earning | 20.80 X | ||||
| Price To Book | 1.42 X | ||||
| Price To Sales | 2.73 X | ||||
| Revenue | 11.51 B | ||||
| Gross Profit | 5.22 B | ||||
| EBITDA | 5.29 B | ||||
| Net Income | 1.68 B | ||||
| Cash And Equivalents | 209 M | ||||
| Cash Per Share | 0.71 X | ||||
| Total Debt | 2.09 B | ||||
| Debt To Equity | 1.24 % | ||||
| Current Ratio | 0.64 X | ||||
| Book Value Per Share | 44.43 X | ||||
| Cash Flow From Operations | 3.88 B | ||||
| Earnings Per Share | 3.23 X | ||||
| Market Capitalization | 31.46 B | ||||
| Total Asset | 73.49 B | ||||
| Retained Earnings | 4.52 B | ||||
| Working Capital | (2.24 B) | ||||
| Current Asset | 1.86 B | ||||
| Current Liabilities | 2.64 B | ||||
About Fortis Performance
By examining Fortis' fundamental ratios, stakeholders can obtain critical insights into Fortis' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Fortis is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 76.95 | 80.80 | |
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.05 | 0.08 | |
| Return On Assets | 0.02 | 0.03 | |
| Return On Equity | 0.07 | 0.09 |
Things to note about Fortis Inc performance evaluation
Checking the ongoing alerts about Fortis for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortis Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fortis Inc has accumulated 2.09 B in total debt with debt to equity ratio (D/E) of 1.24, which is about average as compared to similar companies. Fortis Inc has a current ratio of 0.63, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortis until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortis Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis' use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Fortis shares are owned by institutional investors | |
| Latest headline from news.google.com: Fortis Earnings Expected to Grow What to Know Ahead of Next Weeks Release - Yahoo Finance |
- Analyzing Fortis' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fortis' stock is overvalued or undervalued compared to its peers.
- Examining Fortis' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fortis' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortis' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortis' stock. These opinions can provide insight into Fortis' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.