Fortis The Buy Case For A Low-Risk Utility With Strong Earnings Visibility - Seeking Alpha
| FTS Stock | CAD 68.79 0.99 1.46% |
About 52% of Fortis' investors are presently thinking to get in. The analysis of overall sentiment of trading Fortis Inc stock suggests that some investors are interested at this time. Fortis' investing sentiment overview a quick insight into current market opportunities from investing in Fortis Inc. Many technical investors use Fortis Inc stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Fortis |
Fortis The Buy Case For A Low-Risk Utility With Strong Earnings Visibility Seeking Alpha
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Fortis Fundamental Analysis
We analyze Fortis' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Fortis is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Fortis Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortis stock to make a market-neutral strategy. Peer analysis of Fortis could also be used in its relative valuation, which is a method of valuing Fortis by comparing valuation metrics with similar companies.
Peers
Fortis Related Equities
| ENB | Enbridge | 1.56 | ||||
| TRP | TC Energy | 0.91 | ||||
| BCE | BCE | 0.65 | ||||
| AQN | Algonquin Power | 0.37 | ||||
| T | Telus Corp | 3.49 |
Check out Fortis Hype Analysis, Fortis Correlation and Fortis Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.