Fortive Corp Stock Market Value
| FTV Stock | USD 76.05 4.65 5.76% |
| Symbol | Fortive |
Fortive Corp Price To Book Ratio
Is Fortive Corp'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 Fortive Corp. If investors know Fortive 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 Fortive Corp 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 0.184 | Dividend Share 0.3 | Earnings Share 2.52 | Revenue Per Share 17.411 | Quarterly Revenue Growth 0.044 |
The market value of Fortive Corp is measured differently than its book value, which is the value of Fortive that is recorded on the company's balance sheet. Investors also form their own opinion of Fortive Corp's value that differs from its market value or its book value, called intrinsic value, which is Fortive Corp'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 Fortive Corp's market value can be influenced by many factors that don't directly affect Fortive Corp'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 Fortive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortive Corp'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.
Fortive Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fortive Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fortive Corp.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Fortive Corp on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Fortive Corp or generate 0.0% return on investment in Fortive Corp over 720 days. Fortive Corp is related to or competes with Novanta, Sono Tek, Itron, Badger Meter, Coherent, Mesa Laboratories, and Vishay Precision. Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, softwar... More
Fortive Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fortive Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fortive Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.57 |
Fortive Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortive Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortive Corp's standard deviation. In reality, there are many statistical measures that can use Fortive Corp historical prices to predict the future Fortive Corp's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortive Corp'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.
Fortive Corp Backtested Returns
We consider Fortive Corp very steady. Fortive Corp secures Sharpe Ratio (or Efficiency) of 0.0399, which denotes the company had a 0.0399% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortive Corp, which you can use to evaluate the volatility of the firm. Please confirm Fortive Corp's Downside Deviation of 1.34, mean deviation of 0.8665, and Coefficient Of Variation of 2359.14 to check if the risk estimate we provide is consistent with the expected return of 0.0559%. Fortive Corp has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Fortive Corp returns are very sensitive to returns on the market. As the market goes up or down, Fortive Corp is expected to follow. Fortive Corp right now shows a risk of 1.4%. Please confirm Fortive Corp potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fortive Corp will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Fortive Corp has below average predictability. Overlapping area represents the amount of predictability between Fortive Corp time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortive Corp price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Fortive Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 43.21 |
Fortive Corp lagged returns against current returns
Autocorrelation, which is Fortive Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fortive Corp's stock expected returns. We can calculate the autocorrelation of Fortive Corp returns to help us make a trade decision. For example, suppose you find that Fortive Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fortive Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fortive Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortive Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortive Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Fortive Corp Lagged Returns
When evaluating Fortive Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortive Corp stock have on its future price. Fortive Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fortive Corp autocorrelation shows the relationship between Fortive Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Fortive Corp.
Regressed Prices |
| Timeline |
Fortive Corp Investors Sentiment
The influence of Fortive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Fortive Corp's public news can be used to forecast risks associated with an investment in Fortive. The trend in average sentiment can be used to explain how an investor holding Fortive can time the market purely based on public headlines and social activities around Fortive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fortive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortive Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fortive Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortive Corp's short interest history, or implied volatility extrapolated from Fortive Corp options trading.
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Try AI Portfolio ArchitectCheck out Fortive Corp Correlation, Fortive Corp Volatility and Fortive Corp Alpha and Beta module to complement your research on Fortive Corp. For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Fortive Stock analysis
When running Fortive Corp's price analysis, check to measure Fortive Corp'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 Fortive Corp is operating at the current time. Most of Fortive Corp's value examination focuses on studying past and present price action to predict the probability of Fortive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortive Corp's price. Additionally, you may evaluate how the addition of Fortive Corp to your portfolios can decrease your overall portfolio volatility.
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Fortive Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.