Fortune Brands Innovations Stock Technical Analysis
| FBIN Stock | 73.13 2.07 2.75% |
As of the 17th of May 2024, Fortune Brands shows the Mean Deviation of 1.21, variance of 2.25, and Standard Deviation of 1.5. Fortune Brands Innov technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Fortune Brands Innovations, which can be compared to its peers. Please confirm Fortune Brands Innov market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Fortune Brands Innov is priced favorably, providing market reflects its regular price of 73.13 per share. Given that Fortune Brands has information ratio of (0.13), we urge you to verify Fortune Brands Innovations's prevailing market performance to make sure the company can sustain itself at a future point.
Fortune Brands Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fortune, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FortuneFortune |
Fortune Brands Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 76.87 | Buy | 18 | Odds |
Most Fortune analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fortune stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fortune Brands Innov, talking to its executives and customers, or listening to Fortune conference calls.
Fortune Brands 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.
Fortune Brands Innov Technical Analysis
The output start index for this execution was fourty-eight with a total number of output elements of thirteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fortune Brands Innov volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fortune Brands Innov Trend Analysis
Use this graph to draw trend lines for Fortune Brands Innovations. You can use it to identify possible trend reversals for Fortune Brands as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fortune Brands price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fortune Brands Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fortune Brands Innovations applied against its price change over selected period. The best fit line has a slop of 0.18 , which may suggest that Fortune Brands Innovations market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1223.87, which is the sum of squared deviations for the predicted Fortune Brands price change compared to its average price change.About Fortune Brands Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fortune Brands Innovations on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fortune Brands Innovations based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fortune Brands Innov price pattern first instead of the macroeconomic environment surrounding Fortune Brands Innov. By analyzing Fortune Brands's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fortune Brands's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fortune Brands specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0114 | 0.0196 | 0.0225 | 0.0364 | Price To Sales Ratio | 1.64 | 1.58 | 1.42 | 1.06 |
Fortune Brands May 17, 2024 Technical Indicators
Most technical analysis of Fortune help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fortune from various momentum indicators to cycle indicators. When you analyze Fortune charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 1.21 | |||
| Coefficient Of Variation | (1,663) | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.25 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 7.15 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.41 | |||
| Skewness | (0.15) | |||
| Kurtosis | (0.09) |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Brands Innovations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Fortune Stock analysis
When running Fortune Brands' price analysis, check to measure Fortune Brands' 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 Fortune Brands is operating at the current time. Most of Fortune Brands' value examination focuses on studying past and present price action to predict the probability of Fortune Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Brands' price. Additionally, you may evaluate how the addition of Fortune Brands to your portfolios can decrease your overall portfolio volatility.
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Is Fortune Brands' 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 Fortune Brands. If investors know Fortune 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 Fortune Brands 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 0.148 | Dividend Share 0.94 | Earnings Share 3.26 | Revenue Per Share 37.202 | Quarterly Revenue Growth 0.067 |
The market value of Fortune Brands Innov is measured differently than its book value, which is the value of Fortune that is recorded on the company's balance sheet. Investors also form their own opinion of Fortune Brands' value that differs from its market value or its book value, called intrinsic value, which is Fortune Brands' 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 Fortune Brands' market value can be influenced by many factors that don't directly affect Fortune Brands' 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 Fortune Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortune Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortune Brands' 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.