Fortescue Metals Group Stock Price on May 4, 2023
| FSUGY Stock | USD 23.96 0.24 1.01% |
If you're considering investing in Fortescue OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortescue Metals stands at 23.96, as last reported on the 24th of November, with the highest price reaching 23.96 and the lowest price hitting 23.82 during the day. At this stage we consider Fortescue OTC Stock to be not too volatile. Fortescue Metals secures Sharpe Ratio (or Efficiency) of 0.0198, which denotes the company had a 0.0198% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fortescue Metals Group, which you can use to evaluate the volatility of the firm. Please confirm Fortescue Metals' Downside Deviation of 2.57, coefficient of variation of 5049.26, and Mean Deviation of 1.85 to check if the risk estimate we provide is consistent with the expected return of 0.049%.
Fortescue OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortescue |
Sharpe Ratio = 0.0198
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Estimated Market Risk
| 2.47 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Fortescue Metals is performing at about 1% 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 Metals by adding it to a well-diversified portfolio.
Fortescue Metals Valuation on May 4, 2023
It is possible to determine the worth of Fortescue Metals on a given historical date. On May 4, 2023 Fortescue was worth 22.83 at the beginning of the trading date compared to the closed value of 23.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortescue Metals otc stock. Still, in general, we apply an absolute valuation method to find Fortescue Metals' 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 Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortescue Metals' related companies.
| Open | High | Low | Close | Volume | |
| 23.06 | 23.39 | 23.05 | 23.22 | 42,643 | |
05/04/2023 | 22.83 | 23.35 | 22.83 | 23.13 | 65,820 |
| 23.60 | 24.10 | 23.54 | 24.01 | 47,670 |
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Fortescue Metals Trading Date Momentum on May 4, 2023
| On May 05 2023 Fortescue Metals Group was traded for 24.01 at the closing time. The highest daily price throughout the period was 24.10 and the lowest price was 23.54 . The daily volume was 47.7 K. The net trading volume on 05/05/2023 added to the next day price jump. The overall trading delta to closing price of the next trading day was 3.80% . The overall trading delta to current closing price is 2.03% . |
Fortescue Metals Fundamentals Correlations and Trends
By evaluating Fortescue Metals' 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 Metals' 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 Metals OTC Stock history
Fortescue Metals 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 Metals 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 Metals stock prices may prove useful in developing a viable investing in Fortescue Metals
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia. Fortescue Metal operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Fortescue Metals OTC Stock Technical Analysis
Fortescue Metals technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Fortescue Metals Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Fortescue Metals Group cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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 Metals November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortescue Metals otc 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 Metals shares will generate the highest return on investment. By undertsting and applying Fortescue Metals otc stock market strength indicators, traders can identify Fortescue Metals Group entry and exit signals to maximize returns
Fortescue Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortescue Metals' price direction in advance. Along with the technical and fundamental analysis of Fortescue OTC 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 | 0.0221 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1057 |
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Additional Tools for Fortescue OTC Stock Analysis
When running Fortescue Metals' price analysis, check to measure Fortescue Metals' 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 Metals is operating at the current time. Most of Fortescue Metals' value examination focuses on studying past and present price action to predict the probability of Fortescue Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortescue Metals' price. Additionally, you may evaluate how the addition of Fortescue Metals to your portfolios can decrease your overall portfolio volatility.