Fortinet (Brazil) Price on November 12, 2024
| F1TN34 Stock | BRL 293.00 1.58 0.54% |
If you're considering investing in Fortinet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortinet stands at 293.00, as last reported on the 22nd of December, with the highest price reaching 293.00 and the lowest price hitting 287.10 during the day. Fortinet appears to be very steady, given 3 months investment horizon. Fortinet secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. By reviewing Fortinet's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Fortinet's Downside Deviation of 1.6, coefficient of variation of 424.0, and Mean Deviation of 1.46 to check if our risk estimates are consistent with your expectations.
Fortinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortinet |
Sharpe Ratio = 0.228
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Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average Fortinet is performing at about 17% 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 Fortinet by adding it to a well-diversified portfolio.
Fortinet Valuation on November 12, 2024
It is possible to determine the worth of Fortinet on a given historical date. On November 12, 2024 Fortinet was worth 284.76 at the beginning of the trading date compared to the closed value of 284.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortinet stock. Still, in general, we apply an absolute valuation method to find Fortinet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortinet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortinet's related companies.
| Open | High | Low | Close | Volume | |
| 271.18 | 278.46 | 268.00 | 278.46 | 1,289 | |
11/12/2024 | 284.76 | 285.04 | 284.00 | 284.00 | 386.00 |
| 287.10 | 292.32 | 287.00 | 288.26 | 81.00 |
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Fortinet Trading Date Momentum on November 12, 2024
| On November 13 2024 Fortinet was traded for 288.26 at the closing time. The highest price during the trading period was 292.32 and the lowest recorded bid was listed for 287.00 . The volume for the day was 81.0. This history from November 13, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.50% . The overall trading delta to the current price is 2.93% . |
Fortinet Fundamentals Correlations and Trends
By evaluating Fortinet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortinet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortinet Stock history
Fortinet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortinet will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortinet stock prices may prove useful in developing a viable investing in Fortinet
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California. FORTINET INCDRN operates under SoftwareInfrastructure classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 8615 people.
Fortinet Stock Technical Analysis
Fortinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Fortinet Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Fortinet cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fortinet December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns
Fortinet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortinet's price direction in advance. Along with the technical and fundamental analysis of Fortinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortinet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1934 | |||
| Jensen Alpha | 0.5168 | |||
| Total Risk Alpha | 0.4654 | |||
| Sortino Ratio | 0.3167 | |||
| Treynor Ratio | 0.93 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Fortinet Stock analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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