Fortinet (Germany) Performance
| FO8 Stock | EUR 90.34 0.43 0.48% |
On a scale of 0 to 100, Fortinet holds a performance score of 16. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fortinet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortinet is expected to be smaller as well. Please check Fortinet's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Fortinet's price patterns will revert.
Risk-Adjusted Performance
16 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Fortinet are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Fortinet reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.3 B |
Fortinet |
Fortinet Relative Risk vs. Return Landscape
If you would invest 6,902 in Fortinet on September 3, 2024 and sell it today you would earn a total of 2,132 from holding Fortinet or generate 30.89% return on investment over 90 days. Fortinet is currently producing 0.4366% returns and takes up 2.1275% volatility of returns over 90 trading days. Put another way, 18% of traded stocks are less volatile than Fortinet, and 92% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Fortinet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortinet, and traders can use it to determine the average amount a Fortinet's 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 = 0.2052
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Estimated Market Risk
| 2.13 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Fortinet is performing at about 16% 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 Fundamentals Growth
Fortinet Stock prices reflect investors' perceptions of the future prospects and financial health of Fortinet, and Fortinet 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 Fortinet Stock performance.
| Return On Equity | 0.33 | |||
| Return On Asset | 0.0993 | |||
| Profit Margin | 0.19 % | |||
| Operating Margin | 0.22 % | |||
| Current Valuation | 39.52 B | |||
| Shares Outstanding | 781.24 M | |||
| Price To Earning | 37.40 X | |||
| Price To Book | 231.01 X | |||
| Price To Sales | 9.27 X | |||
| Revenue | 4.42 B | |||
| EBITDA | 1.08 B | |||
| Cash And Equivalents | 1.8 B | |||
| Cash Per Share | 10.55 X | |||
| Total Debt | 990.4 M | |||
| Debt To Equity | 3.70 % | |||
| Book Value Per Share | (0.36) X | |||
| Cash Flow From Operations | 1.73 B | |||
| Earnings Per Share | 1.01 X | |||
| Total Asset | 6.23 B | |||
About Fortinet Performance
By analyzing Fortinet's fundamental ratios, stakeholders can gain valuable insights into Fortinet's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Fortinet has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Fortinet has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. The company was founded in 2000 and is headquartered in Sunnyvale, California. FORTINET INC operates under Software - Application classification in Germany and is traded on Frankfurt Stock Exchange. It employs 6015 people.Things to note about Fortinet performance evaluation
Checking the ongoing alerts about Fortinet for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortinet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 70.0% of the company shares are owned by institutional investors |
- Analyzing Fortinet's 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 Fortinet's stock is overvalued or undervalued compared to its peers.
- Examining Fortinet's 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 Fortinet's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortinet's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortinet's stock. These opinions can provide insight into Fortinet's potential for growth and whether the stock is currently undervalued or overvalued.
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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