Fortescue Metals Group Stock Price on June 16, 2023

FSUGY Stock  USD 25.50  0.31  1.20%   
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 25.50, as last reported on the 13th of December 2024, with the highest price reaching 25.64 and the lowest price hitting 25.45 during the day. At this stage we consider Fortescue OTC Stock to be very steady. Fortescue Metals secures Sharpe Ratio (or Efficiency) of 0.0735, which denotes the company had a 0.0735% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortescue Metals Group, which you can use to evaluate the volatility of the firm. Please confirm Fortescue Metals' Coefficient Of Variation of 931.37, mean deviation of 1.79, and Downside Deviation of 2.31 to check if the risk estimate we provide is consistent with the expected return of 0.17%.
  
Fortescue OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0735

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Estimated Market Risk

 2.34
  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

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average Fortescue Metals 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 Metals by adding it to a well-diversified portfolio.

Fortescue Metals Valuation on June 16, 2023

It is possible to determine the worth of Fortescue Metals on a given historical date. On June 16, 2023 Fortescue was worth 27.09 at the beginning of the trading date compared to the closed value of 26.88. 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
  26.06    26.92    26.06    26.88    24,546  
06/16/2023
  27.09    27.10    26.88    26.88    379,795  
  26.54    26.54    26.03    26.04    48,085  
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Open Value
27.09
26.88
Closing Value
34.10
Upside

Fortescue Metals Trading Date Momentum on June 16, 2023

On June 20 2023 Fortescue Metals Group was traded for  26.04  at the closing time. The highest daily price throughout the period was 26.54  and the lowest price was  26.03 . The daily volume was 48.1 K. The net trading volume on 06/20/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 3.12% . The overall trading delta to current closing price is 7.70% .

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.
A focus of Fortescue Metals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortescue Metals 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

Fortescue Metals Period Price Range

Low
December 13, 2024
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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 December 13, 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.

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.