Fortescue Metals (Germany) Market Value
| FVJ Stock | EUR 11.17 0.09 0.80% |
| Symbol | Fortescue |
Fortescue Metals '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 Fortescue Metals' 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 Fortescue Metals.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Fortescue Metals on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Fortescue Metals Group or generate 0.0% return on investment in Fortescue Metals over 60 days. Fortescue Metals is related to or competes with Casio Computer, HYATT HOTELS, SCOTT TECHNOLOGY, MELIA HOTELS, Marie Brizard, and Sunstone Hotel. Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in ... More
Fortescue Metals 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 Fortescue Metals' 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 Fortescue Metals Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.96 |
Fortescue Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortescue Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortescue Metals' standard deviation. In reality, there are many statistical measures that can use Fortescue Metals historical prices to predict the future Fortescue Metals' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.72 |
Fortescue Metals Backtested Returns
Fortescue Metals secures Sharpe Ratio (or Efficiency) of -0.0679, which denotes the company had a -0.0679% return per unit of risk over the last 3 months. Fortescue Metals Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortescue Metals' Mean Deviation of 1.63, variance of 4.55, and Standard Deviation of 2.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0902, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortescue Metals are expected to decrease at a much lower rate. During the bear market, Fortescue Metals is likely to outperform the market. At this point, Fortescue Metals has a negative expected return of -0.14%. Please make sure to confirm Fortescue Metals' accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Fortescue Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Fortescue Metals Group has poor predictability. Overlapping area represents the amount of predictability between Fortescue Metals time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortescue Metals price movement. The serial correlation of 0.25 indicates that over 25.0% of current Fortescue Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Fortescue Metals lagged returns against current returns
Autocorrelation, which is Fortescue Metals 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 Fortescue Metals' stock expected returns. We can calculate the autocorrelation of Fortescue Metals returns to help us make a trade decision. For example, suppose you find that Fortescue Metals 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 |
Fortescue Metals 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 Fortescue Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortescue Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortescue Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Fortescue Metals Lagged Returns
When evaluating Fortescue Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortescue Metals stock have on its future price. Fortescue Metals 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, Fortescue Metals autocorrelation shows the relationship between Fortescue Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Fortescue Metals Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fortescue Stock
Fortescue Metals financial ratios help investors to determine whether Fortescue Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortescue with respect to the benefits of owning Fortescue Metals security.