Fortescue Metals Group Market Value
| 30251GBA4 | 97.37 0.11 0.11% |
| Symbol | Fortescue |
Fortescue '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's bond 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.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in Fortescue on December 20, 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 over 90 days. Fortescue is related to or competes with 00108WAF7, Bayer AG, Sailfish Royalty, GoGold Resources, Mediwound, and Telecom Italia. More
Fortescue 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's bond 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.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0531 | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 0.7147 |
Fortescue Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortescue's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortescue's standard deviation. In reality, there are many statistical measures that can use Fortescue historical prices to predict the future Fortescue's volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | 0.0289 | |||
| Total Risk Alpha | 0.2062 | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | 0.006 |
Fortescue Metals Backtested Returns
Fortescue Metals secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the bond had a close to zero % return per unit of risk over the last 3 months. Fortescue Metals Group exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortescue's Coefficient Of Variation of 15883.03, mean deviation of 0.7161, and Downside Deviation of 1.67 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortescue's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortescue is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Fortescue Metals Group has below average predictability. Overlapping area represents the amount of predictability between Fortescue time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 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 0.33 indicates that nearly 33.0% of current Fortescue price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Fortescue Metals lagged returns against current returns
Autocorrelation, which is Fortescue bond'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's bond expected returns. We can calculate the autocorrelation of Fortescue returns to help us make a trade decision. For example, suppose you find that Fortescue has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortescue bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortescue bond over time.
Current vs Lagged Prices |
| Timeline |
Fortescue Lagged Returns
When evaluating Fortescue's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortescue bond have on its future price. Fortescue 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 autocorrelation shows the relationship between Fortescue bond 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 |
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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.Other Information on Investing in Fortescue Bond
Fortescue financial ratios help investors to determine whether Fortescue Bond 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 security.