Fortescue Metals Group Stock Market Value
| FSUGY Stock | USD 24.09 0.31 1.30% |
| Symbol | Fortescue |
Fortescue Metals '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 Fortescue Metals' otc 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 Fortescue Metals.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Fortescue Metals on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fortescue Metals Group or generate 0.0% return on investment in Fortescue Metals over 150 days. Fortescue Metals is related to or competes with IGO, IGO, Hannan Metals, Anglo American, Glencore PLC, South32, and South32 ADR. Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in ... More
Fortescue Metals 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 Fortescue Metals' otc 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 Fortescue Metals Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.86 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 2.75 |
Fortescue Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortescue Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortescue Metals' standard deviation. In reality, there are many statistical measures that can use Fortescue Metals historical prices to predict the future Fortescue Metals' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.13) |
Fortescue Metals Backtested Returns
Fortescue Metals secures Sharpe Ratio (or Efficiency) of -0.0329, which denotes the company had a -0.0329 % return per unit of risk over the last 3 months. Fortescue Metals Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortescue Metals' Standard Deviation of 2.06, variance of 4.26, and Mean Deviation of 1.59 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fortescue Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortescue Metals is expected to be smaller as well. At this point, Fortescue Metals has a negative expected return of -0.0696%. Please make sure to confirm Fortescue Metals' total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Fortescue Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Fortescue Metals Group has poor reverse predictability. Overlapping area represents the amount of predictability between Fortescue Metals time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 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 Fortescue Metals price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Fortescue Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Fortescue Metals lagged returns against current returns
Autocorrelation, which is Fortescue Metals otc 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 Fortescue Metals' otc stock expected returns. We can calculate the autocorrelation of Fortescue Metals returns to help us make a trade decision. For example, suppose you find that Fortescue Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Fortescue Metals 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 Fortescue Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortescue Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortescue Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Fortescue Metals Lagged Returns
When evaluating Fortescue Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortescue Metals otc stock have on its future price. Fortescue Metals 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, Fortescue Metals autocorrelation shows the relationship between Fortescue Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Fortescue Metals Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.