Fortinet Stock Market Value

FTNT
 Stock
  

USD 57.37  0.79  1.40%   

Fortinet's market value is the price at which a share of Fortinet stock trades on a public exchange. It measures the collective expectations of Fortinet investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Fortinet and determine expected loss or profit from investing in Fortinet over a given investment horizon. Please check Fortinet Hype Analysis, Fortinet Correlation, Fortinet Valuation, Fortinet Volatility, as well as analyze Fortinet Alpha and Beta and Fortinet Performance.
Symbol
Backtest


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
45.9 B
Quarterly Revenue Growth YOY
0.34
Return On Assets
0.0772
Return On Equity
1.05
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.

Fortinet '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 Fortinet'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 Fortinet.
0.00
05/02/2022
No Change 0.00  0.0 
In 2 months and 2 days
07/01/2022
0.00
If you would invest  0.00  in Fortinet on May 2, 2022 and sell it all today you would earn a total of 0.00 from holding Fortinet or generate 0.0% return on investment in Fortinet over 60 days. Fortinet is related to or competes with Microsoft Corp, Cisco Systems, Black Knight, Merck, McDonalds Corp, JP Morgan, and 3M. Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle Eas...More

Fortinet 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 Fortinet'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 Fortinet upside and downside potential and time the market with a certain degree of confidence.

Fortinet Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortinet's standard deviation. In reality, there are many statistical measures that can use Fortinet historical prices to predict the future Fortinet's volatility.
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
50.7354.0763.27
Details
Intrinsic
Valuation
LowReal ValueHigh
51.77129.44132.78
Details
Naive
Forecast
LowNext ValueHigh
57.7461.0964.43
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 Backtested Returns

Fortinet secures Sharpe Ratio (or Efficiency) of -0.0747, which denotes the company had -0.0747% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Fortinet exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Fortinet mean deviation of 2.54, and Coefficient Of Variation of (1,498) to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.6349, which means a somewhat significant risk relative to the market. Let's try to break down what Fortinet's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fortinet will likely underperform. Even though it is essential to pay attention to Fortinet historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Fortinet exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Fortinet has an expected return of -0.25%. Please be advised to confirm Fortinet potential upside, as well as the relationship between the accumulation distribution and price action indicator to decide if Fortinet performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

Fortinet has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fortinet time series from 2nd of May 2022 to 1st of June 2022 and 1st of June 2022 to 1st of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortinet price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Fortinet price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test-0.25
Residual Average0.0
Price Variance5.83

Fortinet lagged returns against current returns

Autocorrelation, which is Fortinet 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 Fortinet's stock expected returns. We can calculate the autocorrelation of Fortinet returns to help us make a trade decision. For example, suppose you find that Fortinet stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Fortinet 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 Fortinet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortinet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortinet stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Fortinet Lagged Returns

When evaluating Fortinet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortinet stock have on its future price. Fortinet 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, Fortinet autocorrelation shows the relationship between Fortinet stock current value and its past values and can show if there is a momentum factor associated with investing in Fortinet.
 Regressed Prices 
Share
      Timeline 

Fortinet Investors Sentiment

The influence of Fortinet'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 Fortinet. 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 markets does not have a solid backing from leading economists and market statisticians.

Fortinet Implied Volatility

    
  35.86  
Fortinet's implied volatility exposes the market's sentiment of Fortinet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortinet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortinet stock will not fluctuate a lot when Fortinet's options are near their expiration.
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 Fortinet 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, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.

Current Sentiment - FTNT

Fortinet Investor Sentiment

Most of Macroaxis users are currently bullish on Fortinet. What is your opinion about investing in Fortinet? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please check Fortinet Hype Analysis, Fortinet Correlation, Fortinet Valuation, Fortinet Volatility, as well as analyze Fortinet Alpha and Beta and 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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.
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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.
A focus of Fortinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortinet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...