Freeport Mcmoran Copper Gold Stock Market Value
| FCX Stock | USD 43.64 0.56 1.27% |
| Symbol | Freeport |
Freeport McMoran Copper Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.161 | Dividend Share 0.6 | Earnings Share 1.38 | Revenue Per Share 17.843 | Quarterly Revenue Growth 0.166 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Freeport McMoran '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 Freeport McMoran'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 Freeport McMoran.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Freeport McMoran on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Freeport McMoran Copper Gold or generate 0.0% return on investment in Freeport McMoran over 180 days. Freeport McMoran is related to or competes with Ero Copper, Amerigo Resources, Hudbay Minerals, Southern Copper, Copper Mountain, Capstone Copper, and First Quantum. Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia More
Freeport McMoran 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 Freeport McMoran'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 Freeport McMoran Copper Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 2.76 |
Freeport McMoran Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freeport McMoran's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freeport McMoran's standard deviation. In reality, there are many statistical measures that can use Freeport McMoran historical prices to predict the future Freeport McMoran's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0344 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Freeport McMoran's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Freeport McMoran Copper Backtested Returns
At this stage we consider Freeport Stock to be very steady. Freeport McMoran Copper secures Sharpe Ratio (or Efficiency) of 0.06, which denotes the company had a 0.06% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Freeport McMoran Copper Gold, which you can use to evaluate the volatility of the firm. Please confirm Freeport McMoran's Downside Deviation of 2.42, coefficient of variation of 5497.41, and Mean Deviation of 1.64 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Freeport McMoran has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. Freeport McMoran returns are very sensitive to returns on the market. As the market goes up or down, Freeport McMoran is expected to follow. Freeport McMoran Copper right now shows a risk of 2.2%. Please confirm Freeport McMoran Copper value at risk, and the relationship between the jensen alpha and skewness , to decide if Freeport McMoran Copper will be following its price patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Freeport McMoran Copper Gold has insignificant predictability. Overlapping area represents the amount of predictability between Freeport McMoran time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Freeport McMoran Copper price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Freeport McMoran price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 9.48 |
Freeport McMoran Copper lagged returns against current returns
Autocorrelation, which is Freeport McMoran 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 Freeport McMoran's stock expected returns. We can calculate the autocorrelation of Freeport McMoran returns to help us make a trade decision. For example, suppose you find that Freeport McMoran 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 |
Freeport McMoran 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 Freeport McMoran stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freeport McMoran stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freeport McMoran stock over time.
Current vs Lagged Prices |
| Timeline |
Freeport McMoran Lagged Returns
When evaluating Freeport McMoran's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freeport McMoran stock have on its future price. Freeport McMoran 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, Freeport McMoran autocorrelation shows the relationship between Freeport McMoran stock current value and its past values and can show if there is a momentum factor associated with investing in Freeport McMoran Copper Gold.
Regressed Prices |
| Timeline |
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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 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.