Freeport McMoRan (UK) Price on October 14, 2024

0R2O Stock   38.98  1.05  2.77%   
Below is the normalized historical share price chart for Freeport McMoRan extending back to January 15, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Freeport McMoRan stands at 38.98, as last reported on the 23rd of December, with the highest price reaching 38.98 and the lowest price hitting 38.19 during the day.
200 Day MA
39.9409
50 Day MA
40.5425
Beta
1.91
 
Covid
If you're considering investing in Freeport Stock, it is important to understand the factors that can impact its price. Freeport McMoRan secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Freeport McMoRan exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freeport McMoRan's Variance of 5.33, mean deviation of 1.75, and Standard Deviation of 2.31 to check the risk estimate we provide.
  
At this time, Freeport McMoRan's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 55.1 B in 2024, whereas Common Stock is likely to drop slightly above 100.1 M in 2024. . Freeport Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1433

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Estimated Market Risk

 2.16
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.31
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.14
  actual daily
0
Most of other assets perform better
Based on monthly moving average Freeport McMoRan is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Freeport McMoRan by adding Freeport McMoRan to a well-diversified portfolio.
Book Value
12.212
Enterprise Value
72.3 B
Price Sales
1.6203
Shares Float
1.4 B
Shares Outstanding
1.4 B

Freeport McMoRan Valuation on October 14, 2024

It is possible to determine the worth of Freeport McMoRan on a given historical date. On October 14, 2024 Freeport was worth 50.12 at the beginning of the trading date compared to the closed value of 48.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Freeport McMoRan stock. Still, in general, we apply an absolute valuation method to find Freeport McMoRan's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Freeport McMoRan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Freeport McMoRan's related companies.
 Open High Low Close Volume
  49.58    50.17    49.27    49.58    12,033  
10/14/2024
  50.12    50.12    48.74    48.74    20.00  
  47.19    47.19    47.19    47.19    27,673  
Backtest Freeport McMoRan  |  Freeport McMoRan History  |  Freeport McMoRan Valuation   PreviousNext  
Open Value
50.12
48.74
Closing Value
56.59
Upside

Freeport McMoRan Trading Date Momentum on October 14, 2024

On October 15 2024 Freeport McMoRan was traded for  47.19  at the closing time. The highest price during the trading period was 47.19  and the lowest recorded bid was listed for  47.19 . The volume for the day was 27.7 K. This history from October 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.18% . The overall trading delta to the current price is 1.01% .

Freeport McMoRan Fundamentals Correlations and Trends

By evaluating Freeport McMoRan's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Freeport McMoRan's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Freeport financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Freeport McMoRan Stock history

Freeport McMoRan investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Freeport is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Freeport McMoRan will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Freeport McMoRan stock prices may prove useful in developing a viable investing in Freeport McMoRan
Last ReportedProjected for Next Year
Common Stock Shares Outstanding1.4 B814.2 M
Net Income Applicable To Common SharesB4.2 B

Freeport McMoRan Stock Technical Analysis

Freeport McMoRan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Freeport McMoRan technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Freeport McMoRan trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Freeport McMoRan Period Price Range

Low
December 23, 2024
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High

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Freeport McMoRan cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Freeport McMoRan December 23, 2024 Market Strength

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 Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Freeport McMoRan's price direction in advance. Along with the technical and fundamental analysis of Freeport Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Freeport to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.