FCX Stock | | | USD 43.76 0.06 0.14% |
Freeport McMoran financial indicator trend analysis is much more than just examining Freeport McMoran Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoran Copper is a good investment. Please check the relationship between Freeport McMoran Cash And Equivalents and its Deferred Long Term Liab accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Cash And Equivalents vs Deferred Long Term Liab
Cash And Equivalents vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Freeport McMoran Copper Cash And Equivalents account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Freeport McMoran's Cash And Equivalents and Deferred Long Term Liab is 0.12. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Freeport McMoran Copper Gold, assuming nothing else is changed. The correlation between historical values of Freeport McMoran's Cash And Equivalents and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Freeport McMoran Copper Gold are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Cash And Equivalents i.e., Freeport McMoran's Cash And Equivalents and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash And Equivalents
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Freeport McMoran's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoran Copper current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
At this time, Freeport McMoran's
Discontinued Operations is fairly stable compared to the past year.
Tax Provision is likely to rise to about 2.4
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 315.5
M in 2024.
Freeport McMoran fundamental ratios Correlations
Click cells to compare fundamentals
Freeport McMoran Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freeport McMoran fundamental ratios Accounts
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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.