Fortinet Stock Performance

FTNT
 Stock
  

USD 57.37  0.79  1.40%   

The firm shows a Beta (market volatility) of 1.6226, 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-six different technical indicators, which can help you to evaluate its performance. Fortinet has an expected return of -0.18%. Please be advised to confirm Fortinet jensen alpha, potential upside, as well as the relationship between the Potential Upside and daily balance of power to decide if Fortinet performance from the past will be repeated at some point in the near future.
  
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Fortinet Performance
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Over the last 90 days Fortinet has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more

Structure and Payout Changes

Last Split Factor
5:1
Last Split Date
2022-06-23

Fortinet Price Channel

Quick Ratio1.45
Fifty Two Week Low47.27
Target High Price425.00
Fifty Two Week High74.35
Target Low Price274.00

Fortinet Relative Risk vs. Return Landscape

If you would invest  6,641  in Fortinet on April 6, 2022 and sell it today you would lose (904.00)  from holding Fortinet or give up 13.61% of portfolio value over 90 days. Fortinet is currently does not generate positive expected returns and assumes 3.3503% risk (volatility on return distribution) over the 90 days horizon. In different words, 29% of stocks are less volatile than Fortinet, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Fortinet is expected to generate 2.25 times more return on investment than the market. However, the company is 2.25 times more volatile than its market benchmark. It trades about -0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.13 per unit of risk.

Fortinet Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortinet, and traders can use it to determine the average amount a Fortinet's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0549

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Negative ReturnsFTNT
Estimated Market Risk
 3.35
  actual daily
 
 29 %
of total potential
 
2929
Expected Return
 -0.18
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.05
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Fortinet is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortinet by adding it to a well-diversified portfolio.

About Fortinet Performance

To evaluate Fortinet Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fortinet generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fortinet Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fortinet stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Fortinet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-115 K-124.1 K
Return on Investment 49.18  53.06 
Return on Average Assets 0.11  0.09 
Return on Average Equity 0.62  0.67 
Return on Invested Capital 0.24  0.27 
Return on Sales 0.19  0.17 
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 10195 people.

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

Equity Alerts and Improvement Suggestions

Fortinet generated a negative expected return over the last 90 days
Fortinet has high historical volatility and very poor performance
Fortinet has a strong financial position based on the latest SEC filings
About 69.0% of the company shares are owned by institutional investors
Latest headline from crowdwisdom.live: FTNT Stock Forecast Promising Bullish Trend after the Split - www.crowdwisdom.live
Please check Investing Opportunities. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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
46 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.