Fortress Biotech Pref Preferred Stock Price on July 9, 2024
FBIOP Preferred Stock | USD 5.91 0.71 13.65% |
If you're considering investing in Fortress Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortress Biotech stands at 5.91, as last reported on the 30th of November, with the highest price reaching 6.01 and the lowest price hitting 5.31 during the day. Fortress Biotech Pref secures Sharpe Ratio (or Efficiency) of -0.0327, which denotes the company had a -0.0327% return per unit of risk over the last 3 months. Fortress Biotech Pref exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortress Biotech's Variance of 11.01, mean deviation of 2.27, and Standard Deviation of 3.32 to check the risk estimate we provide.
Fortress Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortress |
Sharpe Ratio = -0.0327
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Estimated Market Risk
3.38 actual daily | 30 70% of assets are more volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortress Biotech is not performing at its full potential. However, 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 Fortress Biotech by adding Fortress Biotech to a well-diversified portfolio.
Related Headline
Fortress Biotech Headline on 9th of July 2024
Acquisition by Lindsay Rosenwald of 5000 shares of Fortress ... by Lindsay Rosenwald
Filed transaction by Fortress Biotech Director, 10 Percent Owner, Officer: President, Ceo & Chairman. Grant, award or other acquisition pursuant to Rule 16b-3(d)
Fortress Biotech Valuation on July 9, 2024
It is possible to determine the worth of Fortress Biotech on a given historical date. On July 9, 2024 Fortress was worth 6.72 at the beginning of the trading date compared to the closed value of 6.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortress Biotech preferred stock. Still, in general, we apply an absolute valuation method to find Fortress Biotech'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 Fortress Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortress Biotech's related companies.
Open | High | Low | Close | Volume | |
14.67 | 14.67 | 6.50 | 7.37 | 205,265 | |
07/09/2024 | 6.72 | 7.48 | 6.50 | 6.98 | 82,027 |
7.00 | 7.47 | 6.75 | 7.39 | 52,061 |
Backtest Fortress Biotech | | | Fortress Biotech History | | | Fortress Biotech Valuation | Previous | Next |
Fortress Biotech Trading Date Momentum on July 9, 2024
On July 10 2024 Fortress Biotech Pref was traded for 7.39 at the closing time. The highest daily price throughout the period was 7.47 and the lowest price was 6.75 . The daily volume was 52.1 K. The net trading volume on 07/10/2024 added to the next day price gain. The overall trading delta to closing price of the next trading day was 5.87% . The overall trading delta to current closing price is 14.33% . |
Fortress Biotech Pref Fundamentals Correlations and Trends
By evaluating Fortress Biotech'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 Fortress Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortress financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortress Biotech Preferred Stock history
Fortress Biotech 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 Fortress is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortress Biotech Pref 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 Fortress Biotech stock prices may prove useful in developing a viable investing in Fortress Biotech
Fortress Biotech, Inc., a biopharmaceutical company, develops and commercializes pharmaceutical and biotechnology products. Fortress Biotech, Inc. was incorporated in 2006 and is based in Bay Harbor Island, New York. Fortress Biotech operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 173 people.
Fortress Biotech Preferred Stock Technical Analysis
Fortress Biotech technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
Fortress Biotech Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Fortress Biotech Pref cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Fortress Biotech November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortress Biotech preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortress Biotech shares will generate the highest return on investment. By undertsting and applying Fortress Biotech preferred stock market strength indicators, traders can identify Fortress Biotech Pref entry and exit signals to maximize returns
Fortress Biotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortress Biotech's price direction in advance. Along with the technical and fundamental analysis of Fortress Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortress 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.
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Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.66) | |||
Treynor Ratio | (0.14) |
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Additional Tools for Fortress Preferred Stock Analysis
When running Fortress Biotech's price analysis, check to measure Fortress Biotech'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 Fortress Biotech is operating at the current time. Most of Fortress Biotech's value examination focuses on studying past and present price action to predict the probability of Fortress Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortress Biotech's price. Additionally, you may evaluate how the addition of Fortress Biotech to your portfolios can decrease your overall portfolio volatility.