FORTIS GLOBAL (Nigeria) Market Value
| FTGINSURE | 0.20 0.00 0.00% |
| Symbol | FORTIS |
FORTIS GLOBAL 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to FORTIS GLOBAL's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of FORTIS GLOBAL.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in FORTIS GLOBAL on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding FORTIS GLOBAL INSURANCE or generate 0.0% return on investment in FORTIS GLOBAL over 90 days.
FORTIS GLOBAL Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure FORTIS GLOBAL's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess FORTIS GLOBAL INSURANCE upside and downside potential and time the market with a certain degree of confidence.
FORTIS GLOBAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FORTIS GLOBAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FORTIS GLOBAL's standard deviation. In reality, there are many statistical measures that can use FORTIS GLOBAL historical prices to predict the future FORTIS GLOBAL's volatility.FORTIS GLOBAL INSURANCE Backtested Returns
We have found three technical indicators for FORTIS GLOBAL INSURANCE, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and FORTIS GLOBAL are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
FORTIS GLOBAL INSURANCE has perfect predictability. Overlapping area represents the amount of predictability between FORTIS GLOBAL time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FORTIS GLOBAL INSURANCE price movement. The serial correlation of 1.0 indicates that 100.0% of current FORTIS GLOBAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FORTIS GLOBAL INSURANCE lagged returns against current returns
Autocorrelation, which is FORTIS GLOBAL stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting FORTIS GLOBAL's stock expected returns. We can calculate the autocorrelation of FORTIS GLOBAL returns to help us make a trade decision. For example, suppose you find that FORTIS GLOBAL has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
FORTIS GLOBAL regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If FORTIS GLOBAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FORTIS GLOBAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FORTIS GLOBAL stock over time.
Current vs Lagged Prices |
| Timeline |
FORTIS GLOBAL Lagged Returns
When evaluating FORTIS GLOBAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FORTIS GLOBAL stock have on its future price. FORTIS GLOBAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, FORTIS GLOBAL autocorrelation shows the relationship between FORTIS GLOBAL stock current value and its past values and can show if there is a momentum factor associated with investing in FORTIS GLOBAL INSURANCE.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for FORTIS Stock Analysis
When running FORTIS GLOBAL's price analysis, check to measure FORTIS GLOBAL'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 FORTIS GLOBAL is operating at the current time. Most of FORTIS GLOBAL's value examination focuses on studying past and present price action to predict the probability of FORTIS GLOBAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FORTIS GLOBAL's price. Additionally, you may evaluate how the addition of FORTIS GLOBAL to your portfolios can decrease your overall portfolio volatility.