FORTINET INC

68.24 -4.37 (-6.41%) Sell

FTNT investors incur serious losses

13 min read

FORTINET INC has destroyed investor wealth today. It delivered -6.41% to close at 68.24. During the last week it delivered -8.33% and saw a maximum drawdown of -9.24% before bouncing back.

[Themes containing FTNT]

FTNT is currently in a bearish trend. The current bearish signal has generated a profit of +18.47% for investors in the last three months.

Trend

FTNT has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 22 Dec, 2016 to 28 Sep, 2018. Over the last 2 years 11 months and 10 days, FTNT outperformed the SP500 index on 54% days.

During the last three months FTNT was mostly loss making and delivered on average -0.36% per day. It's best return during this period (of +4.32%) was on Monday, 10 Dec, 2018. While it's worst loss in the same period (of -13.3%) was on Friday, 2 Nov, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +7.75%) started on 24 Sep, 2018 and went on till 1 Oct, 2018 while the bearish trend (which returned -16.84%) started on 4 Oct, 2018 and went on till 11 Oct, 2018.

The last 12 months saw FTNT's investors making profits in 8 months and incurring losses in 4 months. During the last year, FTNT and SP500 index had the same number of profitable months. FTNT significantly outperformed SP500 index in Aug 2018, when it returned +33.14% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FTNT and SP500 index, both had periods of 6 consecutive profitable months.

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.
-- Jeroen Dijsselbloem

FTNT is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in FTNT's volatility from 3 Oct, 2018 to 2 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

SP500 index has more chance of extreme outcomes than FTNT. Therefore, SP500 must receive a lower allocation than FTNT in your portfolio.

On a general note (since you are interested in FTNT), three instruments that deserve special mention are I, PRQR and NIHD. They have all outperformed the market and must be closely watched for investment opportunities.

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