Fortinet Stock Alpha and Beta Analysis
| FTNT Stock | USD 64.03 0.63 0.97% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Fortinet. It also helps investors analyze the systematic and unsystematic risks associated with investing in Fortinet over a specified time horizon. Remember, high Fortinet's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Fortinet's market risk premium analysis include:
Beta (0.29) | Alpha 0.0606 | Risk 1.97 | Sharpe Ratio 0.0271 | Expected Return 0.0535 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Fortinet |
Fortinet Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Fortinet market risk premium is the additional return an investor will receive from holding Fortinet 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 Fortinet. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Fortinet's performance over market.| α | 0.06 | β | -0.29 |
Fortinet expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Fortinet's Buy-and-hold return. Our buy-and-hold chart shows how Fortinet performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Fortinet Market Price Analysis
Market price analysis indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By understating and applying Fortinet stock market price indicators, traders can identify Fortinet position entry and exit signals to maximize returns.
Fortinet Return and Market Media
The median price of Fortinet for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 68.04 with a coefficient of variation of 3.31. The daily time series for the period is distributed with a sample standard deviation of 2.25, arithmetic mean of 68.03, and mean deviation of 1.77. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
| Timeline |
About Fortinet Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Fortinet or other stocks. Alpha measures the amount that position in Fortinet has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Fortinet Upcoming Company Events
As portrayed in its financial statements, the presentation of Fortinet's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fortinet's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Fortinet's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Fortinet. Please utilize our Beneish M Score to check the likelihood of Fortinet's management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Fortinet
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Fortinet Backtesting, Fortinet Valuation, Fortinet Correlation, Fortinet Hype Analysis, Fortinet Volatility, Fortinet History and analyze 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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Fortinet 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.