Fortinet Stock Odds of Future Stock Price Finishing Over 57.63

FTNT
 Stock
  

USD 52.94  1.14  2.11%   

Fortinet's future price is the expected price of Fortinet instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Fortinet performance during a given time horizon utilizing its historical volatility. Price to Book Value is likely to gain to 81.11 in 2022. Price to Earnings Ratio is likely to gain to 113.63 in 2022.
  
Fortinet's implied volatility is one of the determining factors in the pricing options written on Fortinet. Implied volatility approximates the future value of Fortinet based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Fortinet over a specific time period. For example, 2022-08-19 CALL at $52.0 is a CALL option contract on Fortinet's common stock with a strick price of 52.0 expiring on 2022-08-19. The contract was last traded on 2022-08-16 at 15:30:36 for $1.4 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $1.3, and an ask price of $1.5. The implied volatility as of the 16th of August 2022 is 44.329. View All Fortinet options

Closest to current price Fortinet long CALL Option Payoff at Expiration

Please check Fortinet Backtesting, Fortinet Valuation, Fortinet Correlation, Fortinet Hype Analysis, Fortinet Volatility, Fortinet History as well as Fortinet Performance. Please specify Fortinet time horizon, a valid symbol (red box) and a target price (blue box) you would like Fortinet odds to be computed.

Fortinet Target Price Odds to finish over 57.63

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 PriceHorizonTarget PriceOdds to move over $ 57.63  or more in 90 days
 52.94 90 days 57.63 
about 48.48
Based on a normal probability distribution, the odds of Fortinet to move over $ 57.63  or more in 90 days from now is about 48.48 (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 $ 52.94  and $ 57.63  at the end of the 90-day period is about 45.86 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.77 . 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 The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Fortinet is significantly underperforming DOW.
   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 or bond 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, frequently view 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. Please use the tools below to analyze the current value of Fortinet in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
49.4552.9456.43
Details
Intrinsic
Valuation
LowReal ValueHigh
47.65124.58128.07
Details
Naive
Forecast
LowNext ValueHigh
50.2953.7757.26
Details
21 Analysts
Consensus
LowTarget PriceHigh
180.00346.05425.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fortinet. Your research has to be compared to or analyzed against Fortinet's peers to derive any actionable benefits. When done correctly, Fortinet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Fortinet.

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 DOW
-0.15
β
Beta against DOW1.77
σ
Overall volatility
2.89
Ir
Information ratio -0.02

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 has very high historical volatility over the last 90 days
Fortinet has a strong financial position based on the latest SEC filings
About 71.0% of the company shares are owned by institutional investors
Latest headline from crowdwisdom.live: FTNT Stock Split Fortinet Inc Announces 5 for 1 Stock Split to Take Part in Split Fray - CrowdWisdom360 - www.crowdwisdom.live

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.
Shares Percent Shares Out1.43%
Short Percent Of Float1.76%
Float Shares681.62M
Shares Short Prior Month11.89M
Average Daily Volume Last 10 Day7.32M
Average Daily Volume In Three Month5.91M
Date Short Interest15th of July 2022

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 time-series forecasting models is one of many Fortinet's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These 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 Alerts

Fortinet Alerts and Suggestions

Fortinet has very high historical volatility over the last 90 days
Fortinet has a strong financial position based on the latest SEC filings
About 71.0% of the company shares are owned by institutional investors
Latest headline from crowdwisdom.live: FTNT Stock Split Fortinet Inc Announces 5 for 1 Stock Split to Take Part in Split Fray - CrowdWisdom360 - www.crowdwisdom.live
Please check Fortinet Backtesting, Fortinet Valuation, Fortinet Correlation, Fortinet Hype Analysis, Fortinet Volatility, Fortinet History as well as Fortinet Performance. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Fortinet Stock analysis

When running Fortinet 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 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.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
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 YOY
0.31
Market Capitalization
42.8 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0833
Return On Equity
2.01
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 Fortinet value 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.