Fortescue (Australia) Statistic Functions Beta
| FMG Stock | 20.10 0.35 1.71% |
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The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Fortescue correlated with the market. If Beta is less than 0 Fortescue generally moves in the opposite direction as compared to the market. If Fortescue Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fortescue is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fortescue is generally in the same direction as the market. If Beta > 1 Fortescue moves generally in the same direction as, but more than the movement of the benchmark.
Fortescue Technical Analysis Modules
Most technical analysis of Fortescue help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fortescue from various momentum indicators to cycle indicators. When you analyze Fortescue charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Fortescue Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fortescue. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fortescue based on widely used predictive technical indicators. In general, we focus on analyzing Fortescue Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fortescue's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Fortescue's intrinsic value. In addition to deriving basic predictive indicators for Fortescue, we also check how macroeconomic factors affect Fortescue price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Additional Tools for Fortescue Stock Analysis
When running Fortescue's price analysis, check to measure Fortescue'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 Fortescue is operating at the current time. Most of Fortescue's value examination focuses on studying past and present price action to predict the probability of Fortescue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortescue's price. Additionally, you may evaluate how the addition of Fortescue to your portfolios can decrease your overall portfolio volatility.