Freeport McMoRan (Germany) Price on August 8, 2024

FPMB Stock  EUR 37.30  0.15  0.40%   
If you're considering investing in Freeport Stock, it is important to understand the factors that can impact its price. As of today, the current price of Freeport McMoRan stands at 37.30, as last reported on the 30th of December, with the highest price reaching 37.45 and the lowest price hitting 37.30 during the day. Freeport McMoRan secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Freeport McMoRan exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freeport McMoRan's Mean Deviation of 1.55, standard deviation of 2.07, and Variance of 4.27 to check the risk estimate we provide.
  
Freeport Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1562

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Estimated Market Risk

 1.88
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.29
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.16
  actual daily
0
Most of other assets perform better
Based on monthly moving average Freeport McMoRan 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 Freeport McMoRan by adding Freeport McMoRan to a well-diversified portfolio.

Freeport McMoRan Valuation on August 8, 2024

It is possible to determine the worth of Freeport McMoRan on a given historical date. On August 8, 2024 Freeport was worth 35.88 at the beginning of the trading date compared to the closed value of 37.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Freeport McMoRan stock. Still, in general, we apply an absolute valuation method to find Freeport McMoRan'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 Freeport McMoRan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Freeport McMoRan's related companies.
 Open High Low Close Volume
  37.61    37.94    37.47    37.94    13,351  
08/08/2024
  35.88    37.17    35.88    37.17    15,938  
  37.46    37.88    37.38    37.38    5,324  
Backtest Freeport McMoRan  |  Freeport McMoRan History  |  Freeport McMoRan Valuation   PreviousNext  
Open Value
35.88
37.17
Closing Value
41.53
Upside

Freeport McMoRan Trading Date Momentum on August 8, 2024

On August 09 2024 Freeport McMoRan was traded for  37.38  at the closing time. The maximum traded price for the trading interval was 37.88  and the lowest daily price was  37.38 . The daily volume was recorded at 5.3 K. The volume of trading on 9th of August 2024 played a part in the next trading day price rise. The overall trading delta to the next closing price was 0.56% . The overall trading delta to the closing price today is 6.11% .

Freeport McMoRan Fundamentals Correlations and Trends

By evaluating Freeport McMoRan'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 Freeport McMoRan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Freeport financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Freeport McMoRan Stock history

Freeport McMoRan 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 Freeport is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Freeport McMoRan 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 Freeport McMoRan stock prices may prove useful in developing a viable investing in Freeport McMoRan
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona. FREEPORT MCMORAN operates under Copper classification in Germany and is traded on Frankfurt Stock Exchange. It employs 26800 people.

Freeport McMoRan Stock Technical Analysis

Freeport McMoRan 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.
A focus of Freeport McMoRan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Freeport McMoRan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Freeport McMoRan Period Price Range

Low
December 30, 2024
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High

 0.00 

     

 0.00 

Freeport McMoRan cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Freeport McMoRan December 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Freeport McMoRan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Freeport McMoRan shares will generate the highest return on investment. By undertsting and applying Freeport McMoRan stock market strength indicators, traders can identify Freeport McMoRan entry and exit signals to maximize returns

Freeport McMoRan Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Freeport McMoRan's price direction in advance. Along with the technical and fundamental analysis of Freeport Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Freeport 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.

Complementary Tools for Freeport Stock analysis

When running Freeport McMoRan's price analysis, check to measure Freeport McMoRan'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 Freeport McMoRan is operating at the current time. Most of Freeport McMoRan's value examination focuses on studying past and present price action to predict the probability of Freeport McMoRan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoRan's price. Additionally, you may evaluate how the addition of Freeport McMoRan to your portfolios can decrease your overall portfolio volatility.
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