Fortis 1st Cum Preferred Stock Today
| FTS-PF Preferred Stock | CAD 19.10 0.06 0.32% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Fortis 1St is trading at 19.10 as of the 25th of April 2024, a 0.32 percent increase since the beginning of the trading day. The preferred stock's open price was 19.04. Fortis 1St has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fortis 1St Cum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2023 and ending today, the 25th of April 2024. Click here to learn more.
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It also owns and operates transmission and distribution lines and natural gas pipelines. FORTIS INC operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. The company has 426.6 M outstanding shares of which 6.86 K shares are currently shorted by private and institutional investors with about 2.38 days to cover all short positions. More on Fortis 1St Cum
Moving together with Fortis Preferred Stock
| 0.65 | H | Hydro One | PairCorr |
| 0.93 | FTS-PJ | Fortis Srs J | PairCorr |
| 0.63 | SXI | Synex International | PairCorr |
Moving against Fortis Preferred Stock
| 0.81 | RY-PH | Royal Bank | PairCorr |
| 0.78 | RY-PJ | Royal Bank | PairCorr |
| 0.74 | RY-PM | Royal Bank | PairCorr |
| 0.65 | RY-PS | Royal Bank | PairCorr |
| 0.63 | CUP-U | Caribbean Utilities Earnings Call This Week | PairCorr |
| 0.54 | BOFA | Bank of America | PairCorr |
| 0.49 | RY | Royal Bank | PairCorr |
Follow Valuation Odds of Bankruptcy
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Fortis Preferred Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortis 1St's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortis 1St or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Utilities - Regulated Electric, Utilities (View all Sectors) |
Fortis 1St Cum (FTS-PF) is traded on Toronto Exchange in Canada and employs 9,242 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 21 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortis 1St's market, we take the total number of its shares issued and multiply it by Fortis 1St's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fortis 1St Cum operates under Utilities sector and is part of Utilities - Regulated Electric industry. The entity has 426.6 M outstanding shares of which 6.86 K shares are currently shorted by private and institutional investors with about 2.38 days to cover all short positions.
Fortis 1St Cum has accumulated about 191 M in cash with 3.07 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44.
Check Fortis 1St Probability Of Bankruptcy
Ownership AllocationFortis 1St holds a total of 426.6 Million outstanding shares. Roughly 91.0 percent of Fortis 1St outstanding shares are held by general public with 8.64 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Fortis Ownership Details
Fortis Stock Price Odds Analysis
What are Fortis 1St's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Fortis 1St jumping above the current price in 90 days from now is about 98.0%. The Fortis 1St Cum probability density function shows the probability of Fortis 1St preferred stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Fortis 1St has a beta of 0.3044. This usually indicates as returns on the market go up, Fortis 1St average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortis 1St Cum will be expected to be much smaller as well. Additionally, fortis 1St Cum has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Fortis 1St to move above the current price in 90 days from now is about 98.0 (This Fortis 1St Cum probability density function shows the probability of Fortis Preferred Stock to fall within a particular range of prices over 90 days) .
Fortis 1St Cum Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fortis 1St market risk premium is the additional return an investor will receive from holding Fortis 1St long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fortis 1St. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fortis 1St's alpha and beta are two of the key measurements used to evaluate Fortis 1St's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6247 | |||
| Standard Deviation | 0.8339 | |||
| Variance | 0.6953 | |||
| Risk Adjusted Performance | (0.04) |
Fortis Stock Against Markets
Picking the right benchmark for Fortis 1St preferred stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortis 1St preferred stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortis 1St is critical whether you are bullish or bearish towards Fortis 1St Cum at a given time. Please also check how Fortis 1St's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fortis 1St without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Fortis 1St Corporate Management
Elected by the shareholders, the Fortis 1St's board of directors comprises two types of representatives: Fortis 1St inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortis. The board's role is to monitor Fortis 1St's management team and ensure that shareholders' interests are well served. Fortis 1St's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortis 1St's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gary Smith | Ex Innovation | Profile | |
| Susan Gray | Ex Operations | Profile | |
| Jocelyn Perry | Ex CFO | Profile | |
| Stephanie Amaimo | VP Relations | Profile | |
| Ronald Hinsley | Chief VP | Profile | |
| Regan ODea | VP Counsel | Profile | |
| David Hutchens | CEO Pres | Profile |
How to buy Fortis Preferred Stock?
Before investing in Fortis 1St, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fortis 1St. To buy Fortis 1St preferred stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fortis 1St. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Fortis 1St preferred stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Fortis 1St Cum preferred stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Fortis 1St Cum preferred stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the preferred stock
It's important to note that investing in stocks, such as Fortis 1St Cum, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in preferred stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Fortis 1St Cum?
The danger of trading Fortis 1St Cum is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortis 1St is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortis 1St. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortis 1St Cum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis 1St Cum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Fortis Preferred Stock analysis
When running Fortis 1St's price analysis, check to measure Fortis 1St'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 Fortis 1St is operating at the current time. Most of Fortis 1St's value examination focuses on studying past and present price action to predict the probability of Fortis 1St's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis 1St's price. Additionally, you may evaluate how the addition of Fortis 1St to your portfolios can decrease your overall portfolio volatility.
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