Fortinet Net Interest Income vs Total Other Income Expense Net Analysis
| FTNT Stock | USD 61.43 0.19 0.31% |
Fortinet financial indicator trend analysis is much more than just examining Fortinet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortinet is a good investment. Please check the relationship between Fortinet Net Interest Income and its Total Other Income Expense Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
Net Interest Income vs Total Other Income Expense Net
Net Interest Income vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortinet Net Interest Income account and Total Other Income Expense Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fortinet's Net Interest Income and Total Other Income Expense Net is 0.97. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Fortinet, assuming nothing else is changed. The correlation between historical values of Fortinet's Net Interest Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Fortinet are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Net Interest Income i.e., Fortinet's Net Interest Income and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Total Other Income Expense Net
Most indicators from Fortinet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 29.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.9M | 18M | 21M | 13.6M | Depreciation And Amortization | 77.3M | 108.2M | 379.7M | 398.7M |
Fortinet fundamental ratios Correlations
Click cells to compare fundamentals
Fortinet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortinet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 875M | 838.5M | 835.5M | 805.3M | 788.2M | 858.4M | |
| Total Assets | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Other Current Liab | 188.1M | 276M | 366M | 452.5M | 632.6M | 664.2M | |
| Total Current Liabilities | 1.5B | 1.8B | 2.3B | 3.1B | 3.7B | 3.9B | |
| Total Stockholder Equity | 1.3B | 856M | 781.7M | (281.6M) | (463.4M) | (440.2M) | |
| Other Liab | 1.1B | 1.4B | 1.8B | 2.4B | 2.7B | 2.9B | |
| Property Plant And Equipment Net | 344.3M | 448M | 687.6M | 898.5M | 1.1B | 1.2B | |
| Current Deferred Revenue | 1.2B | 1.4B | 1.8B | 2.3B | 2.8B | 3.0B | |
| Net Debt | (1.2B) | (1.0B) | (330.7M) | (692.5M) | (326.5M) | (342.8M) | |
| Retained Earnings | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.9B) | (1.8B) | |
| Accounts Payable | 96.4M | 141.6M | 148.4M | 243.4M | 204.3M | 214.5M | |
| Cash | 1.2B | 1.1B | 1.3B | 1.7B | 1.4B | 703.1M | |
| Non Current Assets Total | 1.1B | 1.3B | 2.3B | 2.4B | 2.8B | 3.0B | |
| Non Currrent Assets Other | 297M | 368M | 659.1M | 720.2M | 637.4M | 669.3M | |
| Other Assets | 480M | 732M | 1.0B | 1.2B | 1.0 | 0.95 | |
| Cash And Short Term Investments | 2.1B | 1.8B | 2.6B | 2.2B | 2.4B | 2.6B | |
| Net Receivables | 544.3M | 720M | 807.7M | 1.3B | 1.4B | 1.5B | |
| Short Term Investments | 843.1M | 775.5M | 1.2B | 528.1M | 1.0B | 1.1B | |
| Liabilities And Stockholders Equity | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Non Current Liabilities Total | 1.1B | 1.4B | 2.8B | 3.4B | 4.0B | 4.2B | |
| Inventory | 117.9M | 139.8M | 175.8M | 264.6M | 484.8M | 509.0M | |
| Other Current Assets | 41.2M | 43.3M | 65.4M | 73.1M | 101.1M | 106.2M | |
| Other Stockholder Equity | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 778.4M | |
| Total Liab | 2.6B | 3.2B | 5.1B | 6.5B | 7.7B | 8.1B | |
| Property Plant And Equipment Gross | 344.3M | 448M | 687.6M | 898.5M | 1.4B | 1.5B | |
| Total Current Assets | 2.8B | 2.7B | 3.6B | 3.8B | 4.4B | 4.6B | |
| Accumulated Other Comprehensive Income | 1.1M | 700K | (4.8M) | (20.2M) | (18.9M) | (18.0M) | |
| Short Term Debt | 15.5M | 19.1M | 26.3M | 33.2M | 33.4M | 20.5M | |
| Property Plant Equipment | 344.3M | 448M | 687.6M | 898.5M | 1.0B | 1.1B | |
| Intangible Assets | 31.1M | 31.6M | 63.6M | 56M | 35.3M | 24.6M | |
| Net Tangible Assets | 1.2B | 731.4M | 593M | (281.6M) | (253.4M) | (240.8M) | |
| Retained Earnings Total Equity | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.4B) | (1.3B) | |
| Capital Surpluse | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 973.4M | |
| Deferred Long Term Liab | 962.3M | 1.2B | 423.3M | 2.3B | 2.6B | 2.8B | |
| Long Term Investments | 67M | 144.3M | 118.3M | 440.8M | 45.5M | 0.0 | |
| Non Current Liabilities Other | 127.7M | 146.5M | 59.2M | 82M | 124.7M | 92.3M |
Pair Trading with Fortinet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortinet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortinet will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortinet Stock
| 0.66 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Fortinet Stock
| 0.68 | NN | Nextnav Acquisition Corp | PairCorr |
The ability to find closely correlated positions to Fortinet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortinet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortinet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortinet to buy it.
The correlation of Fortinet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortinet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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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Is Fortinet's 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 Fortinet. If investors know Fortinet 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 Fortinet 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 0.258 | Earnings Share 1.54 | Revenue Per Share 6.977 | Quarterly Revenue Growth 0.072 | Return On Assets 0.1108 |
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's 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 Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's 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 Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's 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.