Fortis Inc Stock Performance
| FTS Stock | USD 44.58 0.44 0.98% |
Fortis has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. 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 0.93%. Please confirm Fortis Inc potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fortis Inc will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Fortis Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Fortis is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 209 M |
Fortis |
Fortis Relative Risk vs. Return Landscape
If you would invest 4,356 in Fortis Inc on August 30, 2024 and sell it today you would earn a total of 127.00 from holding Fortis Inc or generate 2.92% return on investment over 90 days. Fortis Inc is generating 0.0499% of daily returns assuming volatility of 0.9338% on return distribution over 90 days investment horizon. In other words, 8% of stocks are less volatile than Fortis, and above 99% of all equities are expected to generate higher returns over the next 90 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 = 0.0534
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Fortis is performing at about 4% 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 | 0.0754 | ||||
| Return On Asset | 0.0301 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 45.34 B | ||||
| Shares Outstanding | 497.3 M | ||||
| Price To Earning | 19.51 X | ||||
| Price To Book | 1.50 X | ||||
| Price To Sales | 1.94 X | ||||
| Revenue | 11.52 B | ||||
| EBITDA | 5.15 B | ||||
| Cash And Equivalents | 395 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 30.03 B | ||||
| Debt To Equity | 1.27 % | ||||
| Book Value Per Share | 41.98 X | ||||
| Cash Flow From Operations | 3.54 B | ||||
| Earnings Per Share | 2.29 X | ||||
| Total Asset | 65.92 B | ||||
| Retained Earnings | 4.11 B | ||||
| Current Asset | 2.5 B | ||||
| Current Liabilities | 3.67 B | ||||
About Fortis Performance
Assessing Fortis' fundamental ratios provides investors with valuable insights into Fortis' financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fortis is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It also owns and operates approximately 90,200 circuit Kilometers of distribution lines and approximately 50,500 km of natural gas pipelines. Fortis operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 9100 people.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 30.03 B in debt with debt to equity (D/E) ratio of 1.27, which is OK given its current industry classification. Fortis Inc has a current ratio of 0.61, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Fortis to invest in growth at high rates of return. | |
| About 58.0% of Fortis shares are owned by institutional investors |
- 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.
Additional Tools for Fortis Stock Analysis
When running Fortis' price analysis, check to measure Fortis' 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 Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.