Fortive Corp Stock Price on March 29, 2024
| FTV Stock | USD 76.08 0.02 0.03% |
Below is the normalized historical share price chart for Fortive Corp extending back to June 13, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fortive Corp stands at 76.08, as last reported on the 4th of May, with the highest price reaching 76.68 and the lowest price hitting 75.62 during the day.
If you're considering investing in Fortive Stock, it is important to understand the factors that can impact its price. Fortive Corp secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Fortive Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortive Corp's Mean Deviation of 0.8179, standard deviation of 1.27, and Variance of 1.62 to check the risk estimate we provide.
At this time, Fortive Corp's Common Stock Shares Outstanding is fairly stable compared to the past year. Preferred Stock And Other Adjustments is likely to climb to about 41.5 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 13.6 B in 2024. . At this time, Fortive Corp's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 2.28 in 2024, whereas Price Earnings Ratio is likely to drop 17.30 in 2024. Fortive Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of July 2016 | 200 Day MA 76.2587 | 50 Day MA 83.1386 | Beta 1.175 |
Fortive |
Sharpe Ratio = -0.1055
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| Negative Returns | FTV |
Estimated Market Risk
| 1.11 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortive Corp is not performing at its full potential. However, 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 Fortive Corp by adding Fortive Corp to a well-diversified portfolio.
Price Book 2.8062 | Enterprise Value Ebitda 19.6541 | Price Sales 4.7742 | Shares Float 350.7 M | Dividend Share 0.3 |
Fortive Corp Main Headline on 28th of March 2024
Fortive Corp dividend paid on 28th of March 2024 |
Fortive Corp Valuation on March 29, 2024
It is possible to determine the worth of Fortive Corp on a given historical date. On March 29, 2024 Fortive was worth 85.82 at the beginning of the trading date compared to the closed value of 86.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortive Corp stock. Still, in general, we apply an absolute valuation method to find Fortive Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortive Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortive Corp's related companies.
| Open | High | Low | Close | Volume | |
| 85.37 | 86.13 | 85.30 | 86.02 | 1,224,149 | |
03/28/2024 | 85.82 | 86.21 | 85.66 | 86.02 | 1,244,365 |
| 85.93 | 85.93 | 84.45 | 84.62 | 2,189,494 |
| Backtest Fortive Corp | | | Fortive Corp History | | | Fortive Corp Valuation | Previous | Next |
Fortive Corp Trading Date Momentum on March 29, 2024
| On April 01 2024 Fortive Corp was traded for 84.62 at the closing time. Highest Fortive Corp's price during the trading hours was 85.93 and the lowest price during the day was 84.45 . The net volume was 2.2 M. The overall trading history on the 1st of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.63% . The overall trading delta to current price is 1.66% . |
Fortive Corp Fundamentals Correlations and Trends
By evaluating Fortive Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortive Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortive financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortive Corp Stock history
Fortive Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortive is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortive Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortive Corp stock prices may prove useful in developing a viable investing in Fortive Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 355.6 M | 384.9 M | |
| Net Income Applicable To Common Shares | 868.5 M | 1.2 B |
Fortive Corp Stock Technical Analysis
Fortive Corp 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.
Price Boundaries
Fortive Corp Period Price Range
Low | March 28, 2024
| High |
85.82 | 86.02 |
Fortive Corp May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortive Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortive Corp shares will generate the highest return on investment. By undertsting and applying Fortive Corp stock market strength indicators, traders can identify Fortive Corp entry and exit signals to maximize returns
| Accumulation Distribution | 7938.76 | |||
| Daily Balance Of Power | 0.3636 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 85.94 | |||
| Day Typical Price | 85.96 | |||
| Price Action Indicator | 0.19 | |||
| Period Momentum Indicator | (9.94) |
Fortive Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortive Corp's price direction in advance. Along with the technical and fundamental analysis of Fortive Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortive to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.04) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Fortive Stock analysis
When running Fortive Corp's price analysis, check to measure Fortive Corp'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 Fortive Corp is operating at the current time. Most of Fortive Corp's value examination focuses on studying past and present price action to predict the probability of Fortive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortive Corp's price. Additionally, you may evaluate how the addition of Fortive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Fortive Corp'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 Fortive Corp. If investors know Fortive 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 Fortive Corp 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 0.184 | Dividend Share 0.3 | Earnings Share 2.52 | Revenue Per Share 17.411 | Quarterly Revenue Growth 0.044 |
The market value of Fortive Corp is measured differently than its book value, which is the value of Fortive that is recorded on the company's balance sheet. Investors also form their own opinion of Fortive Corp's value that differs from its market value or its book value, called intrinsic value, which is Fortive Corp'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 Fortive Corp's market value can be influenced by many factors that don't directly affect Fortive Corp'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 Fortive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortive Corp'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.