Fortescue Metals Group Stock Price on September 11, 2024
| FSUMF Stock | USD 11.89 0.51 4.11% |
If you're considering investing in Fortescue OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortescue Metals stands at 11.89, as last reported on the 17th of December 2024, with the highest price reaching 12.08 and the lowest price hitting 11.89 during the day. At this point, Fortescue Metals is somewhat reliable. Fortescue Metals secures Sharpe Ratio (or Efficiency) of 0.0105, which denotes the company had a 0.0105% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Fortescue Metals Group, which you can use to evaluate the volatility of the firm. Please confirm Fortescue Metals' Standard Deviation of 2.69, variance of 7.22, and Mean Deviation of 1.89 to check if the risk estimate we provide is consistent with the expected return of 0.0281%.
Fortescue OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortescue |
Sharpe Ratio = 0.0105
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FSUMF |
Estimated Market Risk
| 2.69 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortescue Metals 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 Fortescue Metals by adding Fortescue Metals to a well-diversified portfolio.
Fortescue Metals Valuation on September 11, 2024
It is possible to determine the worth of Fortescue Metals on a given historical date. On September 11, 2024 Fortescue was worth 11.1 at the beginning of the trading date compared to the closed value of 11.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortescue Metals otc stock. Still, in general, we apply an absolute valuation method to find Fortescue Metals' 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 Fortescue Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortescue Metals' related companies.
| Open | High | Low | Close | Volume | |
| 11.05 | 11.05 | 10.63 | 10.90 | 1,725 | |
09/11/2024 | 11.10 | 11.25 | 10.83 | 11.25 | 3,558 |
| 11.00 | 11.10 | 11.00 | 11.10 | 438.00 |
| Backtest Fortescue Metals | | | Fortescue Metals History | | | Fortescue Metals Valuation | Previous | Next |
Fortescue Metals Trading Date Momentum on September 11, 2024
| On September 12 2024 Fortescue Metals Group was traded for 11.10 at the closing time. The highest daily price throughout the period was 11.10 and the lowest price was 11.00 . The daily volume was 438. The net trading volume on 09/12/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.33% . The overall trading delta to current closing price is 8.00% . |
Fortescue Metals Fundamentals Correlations and Trends
By evaluating Fortescue Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortescue Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortescue financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortescue Metals OTC Stock history
Fortescue Metals 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 Fortescue is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortescue Metals 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 Fortescue Metals stock prices may prove useful in developing a viable investing in Fortescue Metals
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia. Fortescue Metal operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Fortescue Metals OTC Stock Technical Analysis
Fortescue Metals technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Fortescue Metals Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
Fortescue Metals Group cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.
Fortescue Metals December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortescue Metals otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortescue Metals shares will generate the highest return on investment. By undertsting and applying Fortescue Metals otc stock market strength indicators, traders can identify Fortescue Metals Group entry and exit signals to maximize returns
Fortescue Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortescue Metals' price direction in advance. Along with the technical and fundamental analysis of Fortescue OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortescue 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.
| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.06) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Fortescue OTC Stock analysis
When running Fortescue Metals' price analysis, check to measure Fortescue Metals' 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 Fortescue Metals is operating at the current time. Most of Fortescue Metals' value examination focuses on studying past and present price action to predict the probability of Fortescue Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortescue Metals' price. Additionally, you may evaluate how the addition of Fortescue Metals to your portfolios can decrease your overall portfolio volatility.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |