Fortescue (Australia) Price on July 9, 2024
| FMG Stock | 18.99 0.29 1.55% |
Below is the normalized historical share price chart for Fortescue extending back to January 29, 1988. 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 Fortescue stands at 18.99, as last reported on the 30th of November, with the highest price reaching 18.99 and the lowest price hitting 18.51 during the day.
If you're considering investing in Fortescue Stock, it is important to understand the factors that can impact its price. Currently, Fortescue is not too volatile. Fortescue secures Sharpe Ratio (or Efficiency) of 0.0753, which denotes the company had a 0.0753% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortescue, which you can use to evaluate the volatility of the firm. Please confirm Fortescue's Coefficient Of Variation of 1396.94, downside deviation of 2.38, and Mean Deviation of 1.73 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
At this time, Fortescue's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 2.1 B in 2024, whereas Common Stock is likely to drop slightly above 638.3 M in 2024. . Fortescue Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 21.7657 | 50 Day MA 19.1218 | Beta 0.883 |
Fortescue |
Sharpe Ratio = 0.0753
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FMG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average Fortescue is performing at about 5% of its full potential. 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 Fortescue by adding it to a well-diversified portfolio.
Price Book 1.943 | Enterprise Value Ebitda 3.6595 | Price Sales 3.2091 | Shares Float 1.6 B | Dividend Share 1.314 |
Fortescue Main Headline on 9th of July 2024
Its a buy Expert says Fortescue shares are oversold - MSN by news.google.com
Its a buy Expert says Fortescue shares are oversold MSN
Fortescue Valuation on July 9, 2024
It is possible to determine the worth of Fortescue on a given historical date. On July 9, 2024 Fortescue was worth 21.06 at the beginning of the trading date compared to the closed value of 20.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortescue stock. Still, in general, we apply an absolute valuation method to find Fortescue'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 Fortescue where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortescue's related companies.
| Open | High | Low | Close | Volume | |
| 21.06 | 21.07 | 20.70 | 20.72 | 5,031,651 | |
07/09/2024 | 21.06 | 21.06 | 20.60 | 20.76 | 5,521,461 |
| 20.62 | 20.70 | 20.43 | 20.50 | 4,393,559 |
| Backtest Fortescue | | | Fortescue History | | | Fortescue Valuation | Previous | Next |
Fortescue Trading Date Momentum on July 9, 2024
| On July 10 2024 Fortescue was traded for 20.50 at the closing time. The maximum traded price for the trading interval was 20.70 and the lowest daily price was 20.43 . The daily volume was recorded at 4.4 M. The volume of trading on 10th of July 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.25% . The overall trading delta to the closing price today is 1.16% . |
Fortescue Fundamentals Correlations and Trends
By evaluating Fortescue'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 Fortescue's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortescue financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortescue Stock history
Fortescue 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 Fortescue is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortescue 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 Fortescue stock prices may prove useful in developing a viable investing in Fortescue
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.1 B | 2.1 B | |
| Net Income Applicable To Common Shares | 5.5 B | 5.8 B |
Fortescue Quarterly Net Working Capital |
|
Fortescue Stock Technical Analysis
Fortescue 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.
Price Boundaries
Fortescue Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Fortescue cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
Fortescue November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortescue stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortescue shares will generate the highest return on investment. By undertsting and applying Fortescue stock market strength indicators, traders can identify Fortescue entry and exit signals to maximize returns
Fortescue Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortescue's price direction in advance. Along with the technical and fundamental analysis of Fortescue Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortescue 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.
| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.0644 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.2209 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.