Freeport McMoRan (Germany) Market Value
| FPMB Stock | EUR 35.13 0.87 2.42% |
| Symbol | Freeport |
Freeport McMoRan 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Freeport McMoRan's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Freeport McMoRan.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Freeport McMoRan on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Freeport McMoRan or generate 0.0% return on investment in Freeport McMoRan over 30 days. Freeport McMoRan is related to or competes with Gold Road, Sunny Optical, Yuexiu Transport, BioNTech, Transport International, and Kingdee International. Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia More
Freeport McMoRan Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Freeport McMoRan's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Freeport McMoRan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.33 |
Freeport McMoRan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freeport McMoRan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freeport McMoRan's standard deviation. In reality, there are many statistical measures that can use Freeport McMoRan historical prices to predict the future Freeport McMoRan's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 9.15 |
Freeport McMoRan Backtested Returns
Freeport McMoRan secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11 % return per unit of risk over the last 3 months. Freeport McMoRan exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freeport McMoRan's Mean Deviation of 1.77, variance of 5.37, and Standard Deviation of 2.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0266, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Freeport McMoRan are expected to decrease at a much lower rate. During the bear market, Freeport McMoRan is likely to outperform the market. At this point, Freeport McMoRan has a negative expected return of -0.25%. Please make sure to confirm Freeport McMoRan's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Freeport McMoRan performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Freeport McMoRan has near perfect reversele predictability. Overlapping area represents the amount of predictability between Freeport McMoRan time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Freeport McMoRan price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Freeport McMoRan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
Freeport McMoRan lagged returns against current returns
Autocorrelation, which is Freeport McMoRan stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Freeport McMoRan's stock expected returns. We can calculate the autocorrelation of Freeport McMoRan returns to help us make a trade decision. For example, suppose you find that Freeport McMoRan has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Freeport McMoRan regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Freeport McMoRan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freeport McMoRan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freeport McMoRan stock over time.
Current vs Lagged Prices |
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Freeport McMoRan Lagged Returns
When evaluating Freeport McMoRan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freeport McMoRan stock have on its future price. Freeport McMoRan autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Freeport McMoRan autocorrelation shows the relationship between Freeport McMoRan stock current value and its past values and can show if there is a momentum factor associated with investing in Freeport McMoRan.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Freeport Stock
Freeport McMoRan financial ratios help investors to determine whether Freeport Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Freeport with respect to the benefits of owning Freeport McMoRan security.