Fortis Inc Stock Price Prediction
| FTS Stock | USD 39.16 0.06 0.15% |
Oversold Vs Overbought
35
Oversold | Overbought |
Fortis Inc stock price prediction is an act of determining the future value of Fortis shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Fortis' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Fortis and does not consider all of the tangible or intangible factors available from Fortis' fundamental data. We analyze noise-free headlines and recent hype associated with Fortis Inc, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Fortis' stock price prediction:Quarterly Earnings Growth 0.013 | EPS Estimate Next Quarter 0.62 | EPS Estimate Current Year 2.34 | EPS Estimate Next Year 2.42 | Wall Street Target Price 40.74 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Fortis based on different types of headlines from major news networks to social media. The Fortis stock price prediction module provides an analysis of price elasticity to changes in media outlook on Fortis over a specific investment horizon. Using Fortis hype-based prediction, you can estimate the value of Fortis Inc from the perspective of Fortis response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Fortis using Fortis' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Fortis using crowd psychology based on the activity and movement of Fortis' stock price.
Fortis Implied Volatility | 34.81 |
Fortis' implied volatility exposes the market's sentiment of Fortis Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortis' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortis stock will not fluctuate a lot when Fortis' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Fortis. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Fortis to buy its stock at a price that has no basis in reality. In that case, they are not buying Fortis because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Fortis after-hype prediction price | USD 39.16 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Fortis |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortis' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fortis After-Hype Price Prediction Density Analysis
As far as predicting the price of Fortis at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fortis or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Fortis, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fortis Estimiated After-Hype Price Volatility
In the context of predicting Fortis' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fortis' historical news coverage. Fortis' after-hype downside and upside margins for the prediction period are 38.19 and 40.13, respectively. We have considered Fortis' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Fortis is very steady at this time. Analysis and calculation of next after-hype price of Fortis Inc is based on 3 months time horizon.
Fortis Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Fortis is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortis backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fortis, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.97 | 0.00 | 0.00 | 10 Events / Month | 8 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
39.16 | 39.16 | 0.00 |
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Fortis Hype Timeline
On the 25th of April Fortis Inc is traded for 39.16. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Fortis is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on Fortis is about 740.97%, with the expected price after the next announcement by competition of 39.16. About 58.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.28. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortis Inc has Price/Earnings To Growth (PEG) ratio of 2.91. The entity last dividend was issued on the 16th of May 2024. The firm had 4:1 split on the 13th of October 2005. Considering the 90-day investment horizon the next anticipated press release will be in about 10 days. Check out Fortis Basic Forecasting Models to cross-verify your projections.Fortis Related Hype Analysis
Having access to credible news sources related to Fortis' direct competition is more important than ever and may enhance your ability to predict Fortis' future price movements. Getting to know how Fortis' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fortis may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CMS | CMS Energy | (0.06) | 11 per month | 1.00 | 0.01 | 1.83 | (1.86) | 4.99 | |
| AEE | Ameren Corp | 0.56 | 11 per month | 0.87 | 0.02 | 1.93 | (1.73) | 5.38 | |
| PNW | Pinnacle West Capital | (0.03) | 9 per month | 1.23 | 0.03 | 2.14 | (2.05) | 6.08 | |
| MGEE | MGE Energy | (0.33) | 9 per month | 1.43 | 0.05 | 2.40 | (2.62) | 23.07 | |
| EVRG | Evergy Common Stock | 0.25 | 9 per month | 1.06 | (0.01) | 1.75 | (2.02) | 5.89 | |
| LNT | Alliant Energy Corp | 0.31 | 11 per month | 1.20 | (0.03) | 2.01 | (2.09) | 5.75 | |
| CNP | CenterPoint Energy | (0.33) | 12 per month | 0.96 | (0.02) | 1.82 | (1.49) | 7.11 | |
| FE | FirstEnergy | (0.44) | 10 per month | 0.96 | (0.01) | 1.77 | (1.66) | 6.71 | |
| EIX | Edison International | (0.22) | 9 per month | 1.28 | (0.01) | 2.19 | (2.16) | 5.67 | |
| PEG | Public Service Enterprise | 0.12 | 11 per month | 0.77 | 0.11 | 1.79 | (1.45) | 4.78 | |
| ETR | Entergy | 1.61 | 10 per month | 0.73 | 0.04 | 2.23 | (1.37) | 4.72 |
Fortis Additional Predictive Modules
Most predictive techniques to examine Fortis price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fortis using various technical indicators. When you analyze Fortis charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Fortis Predictive Indicators
The successful prediction of Fortis stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Fortis Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Fortis based on analysis of Fortis hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Fortis's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Fortis's related companies. | 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0232 | 0.0284 | 0.0276 | Price To Sales Ratio | 3.07 | 2.35 | 2.41 |
Story Coverage note for Fortis
The number of cover stories for Fortis depends on current market conditions and Fortis' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fortis is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fortis' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Fortis Short Properties
Fortis' future price predictability will typically decrease when Fortis' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Fortis Inc often depends not only on the future outlook of the potential Fortis' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Fortis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 486.5 M | |
| Cash And Short Term Investments | 625 M |
Check out Fortis Basic Forecasting Models to cross-verify your projections. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary 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.
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Is Fortis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortis. If investors know Fortis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.013 | Dividend Share 2.285 | Earnings Share 2.26 | Revenue Per Share 23.683 | Quarterly Revenue Growth (0.09) |
The market value of Fortis Inc is measured differently than its book value, which is the value of Fortis that is recorded on the company's balance sheet. Investors also form their own opinion of Fortis' value that differs from its market value or its book value, called intrinsic value, which is Fortis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortis' market value can be influenced by many factors that don't directly affect Fortis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.