Freeport McMoRan (UK) Market Value
| 0R2O Stock | 38.98 1.05 2.77% |
| Symbol | Freeport |
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.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Freeport McMoRan on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Freeport McMoRan or generate 0.0% return on investment in Freeport McMoRan over 180 days. Freeport McMoRan is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Reliance Industries, Panasonic Corp, and Halyk Bank. Freeport McMoRan is entity of United Kingdom 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.08 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 4.07 |
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 | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.57) |
Freeport McMoRan Backtested Returns
Freeport McMoRan secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Freeport McMoRan exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freeport McMoRan's Standard Deviation of 2.25, mean deviation of 1.7, and Variance of 5.05 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Freeport McMoRan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Freeport McMoRan is expected to be smaller as well. At this point, Freeport McMoRan has a negative expected return of -0.23%. Please make sure to confirm Freeport McMoRan's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Freeport McMoRan performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Freeport McMoRan has good predictability. Overlapping area represents the amount of predictability between Freeport McMoRan time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Freeport McMoRan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 10.11 |
Freeport McMoRan 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.
Regressed Prices |
| Timeline |
Also Currently Popular
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.