Fortinet Stock Odds of Future Stock Price Finishing Over 76.15
| FTNT Stock | USD 63.69 0.29 0.46% |
Closest to current price Fortinet long CALL Option Payoff at Expiration
Fortinet |
Fortinet Target Price Odds to finish over 76.15
The tendency of Fortinet Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 76.15 or more in 90 days |
| 63.69 | 90 days | 76.15 | near 1 |
Based on a normal probability distribution, the odds of Fortinet to move over $ 76.15 or more in 90 days from now is near 1 (This Fortinet probability density function shows the probability of Fortinet Stock to fall within a particular range of prices over 90 days) . Probability of Fortinet price to stay between its current price of $ 63.69 and $ 76.15 at the end of the 90-day period is more than 93.0 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.57 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fortinet will likely underperform. Additionally Fortinet has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Fortinet Price Density |
| Price |
Predictive Modules for Fortinet
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fortinet. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortinet's 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.
Fortinet Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fortinet is not an exception. The market had few large corrections towards the Fortinet's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Fortinet, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fortinet within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.04 | |
β | Beta against NYSE Composite | 1.57 | |
σ | Overall volatility | 2.67 | |
Ir | Information ratio | 0.0009 |
Fortinet Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Fortinet for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fortinet can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Fortinet generated a negative expected return over the last 90 days | |
| Fortinet is unlikely to experience financial distress in the next 2 years | |
| About 70.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Fortinet Named a Challenger in the 2024 Gartner Magic Quadrant for Security Service Edge |
Fortinet Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Fortinet Stock often depends not only on the future outlook of the current and potential Fortinet's 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. Fortinet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 788.2 M | |
| Cash And Short Term Investments | 2.4 B |
Fortinet Technical Analysis
Fortinet's future price can be derived by breaking down and analyzing its technical indicators over time. Fortinet Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fortinet. In general, you should focus on analyzing Fortinet Stock price patterns and their correlations with different microeconomic environments and drivers.
Fortinet Predictive Forecast Models
Fortinet's time-series forecasting models is one of many Fortinet's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Fortinet's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Fortinet
Checking the ongoing alerts about Fortinet for important developments is a great way to find new opportunities for your next move. Our 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.
| Fortinet generated a negative expected return over the last 90 days | |
| Fortinet is unlikely to experience financial distress in the next 2 years | |
| About 70.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Fortinet Named a Challenger in the 2024 Gartner Magic Quadrant for Security Service Edge |
Check out Fortinet Backtesting, Fortinet Valuation, Fortinet Correlation, Fortinet Hype Analysis, Fortinet Volatility, Fortinet History as well as Fortinet Performance. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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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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 0.035 | Earnings Share 1.46 | Revenue Per Share 6.813 | Quarterly Revenue Growth 0.103 | Return On Assets 0.1146 |
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.