FREEPORT MCMORAN Stock Forward View
| FPMB Stock | EUR 44.35 0.00 0.00% |
FREEPORT Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast FREEPORT MCMORAN stock prices and determine the direction of FREEPORT MCMORAN's future trends based on various well-known forecasting models. We suggest always using this module together with an analysis of FREEPORT MCMORAN's historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength momentum indicator of FREEPORT MCMORAN's share price is above 70 at the present time. This usually indicates that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling FREEPORT, making its price go up or down. Momentum 70
Buy Stretched
Oversold | Overbought |
Using FREEPORT MCMORAN hype-based prediction, you can estimate the value of FREEPORT MCMORAN from the perspective of FREEPORT MCMORAN response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of FREEPORT MCMORAN on the next trading day is expected to be 45.13 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 26.56. FREEPORT MCMORAN after-hype prediction price | EUR 44.35 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
FREEPORT |
FREEPORT MCMORAN Additional Predictive Modules
Most predictive techniques to examine FREEPORT price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for FREEPORT using various technical indicators. When you analyze FREEPORT 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
FREEPORT MCMORAN Naive Prediction Price Forecast For the 5th of February
Given 90 days horizon, the Naive Prediction forecasted value of FREEPORT MCMORAN on the next trading day is expected to be 45.13 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.34, and the sum of the absolute errors of 26.56.Please note that although there have been many attempts to predict FREEPORT Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that FREEPORT MCMORAN's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FREEPORT MCMORAN Stock Forecast Pattern
| Backtest FREEPORT MCMORAN | FREEPORT MCMORAN Price Prediction | Research Analysis |
FREEPORT MCMORAN Forecasted Value
In the context of forecasting FREEPORT MCMORAN's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. FREEPORT MCMORAN's downside and upside margins for the forecasting period are 43.29 and 46.97, respectively. We have considered FREEPORT MCMORAN's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of FREEPORT MCMORAN stock data series using in forecasting. Note that when a statistical model is used to represent FREEPORT MCMORAN stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 117.0398 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4354 |
| MAPE | Mean absolute percentage error | 0.0112 |
| SAE | Sum of the absolute errors | 26.5616 |
Predictive Modules for FREEPORT MCMORAN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FREEPORT MCMORAN. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.FREEPORT MCMORAN After-Hype Price Density Analysis
As far as predicting the price of FREEPORT MCMORAN at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in FREEPORT MCMORAN or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of FREEPORT MCMORAN, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
FREEPORT MCMORAN Estimiated After-Hype Price Volatility
In the context of predicting FREEPORT MCMORAN's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on FREEPORT MCMORAN's historical news coverage. FREEPORT MCMORAN's after-hype downside and upside margins for the prediction period are 42.51 and 46.19, respectively. We have considered FREEPORT MCMORAN's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
FREEPORT MCMORAN is very steady at this time. Analysis and calculation of next after-hype price of FREEPORT MCMORAN is based on 3 months time horizon.
FREEPORT MCMORAN Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as FREEPORT MCMORAN is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading FREEPORT MCMORAN backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with FREEPORT MCMORAN, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.43 | 1.84 | 0.00 | 0.01 | 8 Events / Month | 2 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
44.35 | 44.35 | 0.00 |
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FREEPORT MCMORAN Hype Timeline
FREEPORT MCMORAN is currently traded for 44.35on Berlin Exchange of Germany. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.01. FREEPORT is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.43%. %. The volatility of related hype on FREEPORT MCMORAN is about 6690.91%, with the expected price after the next announcement by competition of 44.34. The company last dividend was issued on the 11th of July 1970. Assuming the 90 days trading horizon the next forecasted press release will be in about 8 days. Check out Historical Fundamental Analysis of FREEPORT MCMORAN to cross-verify your projections.FREEPORT MCMORAN Related Hype Analysis
Having access to credible news sources related to FREEPORT MCMORAN's direct competition is more important than ever and may enhance your ability to predict FREEPORT MCMORAN's future price movements. Getting to know how FREEPORT MCMORAN's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how FREEPORT MCMORAN may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| XFB | X FAB Silicon Foundries | 0.02 | 3 per month | 0.00 | (0.14) | 2.52 | (5.14) | 15.27 | |
| SC3 | ScanSource | (1.60) | 8 per month | 0.00 | (0.05) | 3.03 | (4.52) | 10.18 | |
| AO9 | BACKBONE Technology AG | 0.00 | 4 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AFW | Align Technology | 1.55 | 7 per month | 1.31 | 0.12 | 4.55 | (2.33) | 9.40 | |
| CJH | CanSino Biologics | (0.21) | 4 per month | 0.00 | (0.18) | 4.29 | (4.04) | 13.55 | |
| MCP | Microchip Technology Incorporated | 0.06 | 9 per month | 2.63 | 0.08 | 4.86 | (3.35) | 18.13 | |
| CVB | Computer And Technologies | 0.00 | 10 per month | 0.00 | (0.06) | 6.25 | (5.88) | 12.13 | |
| KDIC | Kingdee International Software | (0.04) | 5 per month | 0.00 | (0.07) | 4.26 | (4.49) | 19.66 |
Other Forecasting Options for FREEPORT MCMORAN
For every potential investor in FREEPORT, whether a beginner or expert, FREEPORT MCMORAN's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FREEPORT Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FREEPORT. Basic forecasting techniques help filter out the noise by identifying FREEPORT MCMORAN's price trends.FREEPORT MCMORAN Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FREEPORT MCMORAN stock to make a market-neutral strategy. Peer analysis of FREEPORT MCMORAN could also be used in its relative valuation, which is a method of valuing FREEPORT MCMORAN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FREEPORT MCMORAN Market Strength Events
Market strength indicators help investors to evaluate how FREEPORT MCMORAN stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FREEPORT MCMORAN shares will generate the highest return on investment. By undertsting and applying FREEPORT MCMORAN stock market strength indicators, traders can identify FREEPORT MCMORAN entry and exit signals to maximize returns.
FREEPORT MCMORAN Risk Indicators
The analysis of FREEPORT MCMORAN's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in FREEPORT MCMORAN's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting freeport stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.33 | |||
| Semi Deviation | 1.61 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.73 | |||
| Downside Variance | 7.04 | |||
| Semi Variance | 2.6 | |||
| Expected Short fall | (1.84) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for FREEPORT MCMORAN
The number of cover stories for FREEPORT MCMORAN depends on current market conditions and FREEPORT MCMORAN's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that FREEPORT MCMORAN is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about FREEPORT MCMORAN's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in FREEPORT Stock
FREEPORT MCMORAN financial ratios help investors to determine whether FREEPORT 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 FREEPORT with respect to the benefits of owning FREEPORT MCMORAN security.