Fortune Parts (Thailand) Today
| FPI Stock | THB 2.24 0.00 0.00% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Fortune Parts is selling for 2.24 as of the 19th of April 2024. This is a No Change since the beginning of the trading day. The stock's last reported lowest price was 2.2. Fortune Parts has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fortune Parts Industry are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Fortune Parts Industry Public Company Limited manufactures and distributes automotive replacement parts in Thailand, the Kingdom of Saudi Arabia, and internationally. Fortune Parts Industry Public Company Limited was founded in 1991 and is based in Lam Luk Ka, Thailand. The company has 1.51 B outstanding shares. More on Fortune Parts Industry
Moving together with Fortune Stock
| 0.83 | TRU | Thai Rung Union | PairCorr |
Moving against Fortune Stock
| 0.74 | SCB | SCB X Public | PairCorr |
| 0.72 | PTTGC | PTT Global Chemical | PairCorr |
| 0.42 | PTT | PTT Public | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Fortune Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortune Parts' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortune Parts or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Sompol Tanadumrongsak |
| Business Concentration | Auto Parts, Consumer Cyclical (View all Sectors) |
Fortune Parts Industry (FPI) is traded on Thailand Exchange in Thailand and employs 13 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortune Parts's market, we take the total number of its shares issued and multiply it by Fortune Parts's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fortune Parts Industry operates under Consumer Cyclical sector and is part of Auto Parts industry. The entity has 1.51 B outstanding shares.
Fortune Parts Industry has accumulated about 94.13 M in cash with 245.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Fortune Parts Probability Of Bankruptcy
Ownership AllocationFortune Parts holds a total of 1.51 Billion outstanding shares. Fortune Parts Industry shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 65.14 percent of Fortune Parts Industry outstanding shares that are owned by insiders denotes they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Fortune Ownership Details
Fortune Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Fortune Parts jumping above the current price in 90 days from now is roughly 97.0%. The Fortune Parts Industry probability density function shows the probability of Fortune Parts stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Fortune Parts has a beta of 0.3448. This usually indicates as returns on the market go up, Fortune Parts average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortune Parts Industry will be expected to be much smaller as well. Additionally, fortune Parts Industry has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Fortune Parts to move above the current price in 90 days from now is roughly 97.0 (This Fortune Parts Industry probability density function shows the probability of Fortune Stock to fall within a particular range of prices over 90 days) .
Fortune Parts Industry Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fortune Parts market risk premium is the additional return an investor will receive from holding Fortune Parts long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fortune Parts. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fortune Parts' alpha and beta are two of the key measurements used to evaluate Fortune Parts' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.04 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 | |||
| Risk Adjusted Performance | (0.07) |
Fortune Stock Against Markets
Picking the right benchmark for Fortune Parts stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortune Parts stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortune Parts is critical whether you are bullish or bearish towards Fortune Parts Industry at a given time. Please also check how Fortune Parts' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fortune Parts without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Volatility Now
Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
Fortune Parts Corporate Management
Elected by the shareholders, the Fortune Parts' board of directors comprises two types of representatives: Fortune Parts inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Parts' management team and ensure that shareholders' interests are well served. Fortune Parts' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Parts' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Prajak Sripha | Information Mang | Profile | |
| Sirilak Pattatung | F Mang | Profile | |
| Sungvien Meethong | Sales Mang | Profile | |
| Jaruwan Chatwichian | Fin. and Accounting Manager, Member of Executive Committee, Company Secretary and Member of Risk Management Committee | Profile | |
| Nachayada Sanomnao | Chief Accountant | Profile |
How to buy Fortune Stock?
Before investing in Fortune Parts, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fortune Parts. To buy Fortune Parts stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fortune Parts. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Fortune Parts stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Fortune Parts Industry stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Fortune Parts Industry stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fortune Parts Industry, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Fortune Parts Industry?
The danger of trading Fortune Parts Industry is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortune Parts is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortune Parts. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortune Parts Industry is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Parts Industry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Fortune Stock analysis
When running Fortune Parts' price analysis, check to measure Fortune Parts' 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 Parts is operating at the current time. Most of Fortune Parts' value examination focuses on studying past and present price action to predict the probability of Fortune Parts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Parts' price. Additionally, you may evaluate how the addition of Fortune Parts to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |