Freeport-McMoRan Should Continue Upside - Barchart
| FPMB Stock | EUR 38.60 0.42 1.08% |
Roughly 62% of Freeport McMoRan's investor base is looking to short. The analysis of current outlook of investing in Freeport McMoRan suggests that many traders are alarmed regarding Freeport McMoRan's prospects. The current market sentiment, together with Freeport McMoRan's historical and current headlines, can help investors time the market. In addition, many technical investors use Freeport McMoRan stock news signals to limit their universe of possible portfolio assets.
Freeport McMoRan stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Freeport daily returns and investor perception about the current price of Freeport McMoRan as well as its diversification or hedging effects on your existing portfolios.
Freeport |
Freeport-McMoRan Should Continue Upside Barchart
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Freeport McMoRan Fundamental Analysis
We analyze Freeport McMoRan's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Freeport McMoRan using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Freeport McMoRan 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.
Current Valuation
Current Valuation Comparative Analysis
Freeport McMoRan is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Freeport McMoRan 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 Freeport McMoRan stock to make a market-neutral strategy. Peer analysis of Freeport McMoRan could also be used in its relative valuation, which is a method of valuing Freeport McMoRan by comparing valuation metrics with similar companies.
Peers
Freeport McMoRan Related Equities
| 2DG | SIVERS SEMICONDUCTORS | 13.64 | ||||
| INL | Intel | 1.76 | ||||
| 6HW | BANK HANDLOWY | 0.23 | ||||
| 6NM | NMI Holdings | 0.55 | ||||
| PCU | Southern Copper | 1.49 | ||||
| 8SP | Superior Plus | 2.36 | ||||
| TM9 | NorAm Drilling | 2.45 | ||||
| NOH1 | Norsk Hydro | 2.49 | ||||
| RS6 | Reliance Steel | 3.62 | ||||
| S2Z | Sandfire Resources | 4.13 |
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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