Fortescue Metals' market value is the price at which a share of Fortescue Metals trades on a public exchange. It measures the collective expectations of Fortescue Metals Group investors about its performance. Fortescue Metals is trading at 10.52 as of the 9th of January 2025. This is a 1.22 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.5. With this module, you can estimate the performance of a buy and hold strategy of Fortescue Metals Group and determine expected loss or profit from investing in Fortescue Metals over a given investment horizon. Check out Fortescue Metals Correlation, Fortescue Metals Volatility and Fortescue Metals Alpha and Beta module to complement your research on Fortescue Metals.
Please note, there is a significant difference between Fortescue Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortescue Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortescue Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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' 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.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
0.00
If you would invest 0.00 in Fortescue Metals on January 20, 2023 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 720 days. Fortescue Metals is related to or competes with Sinopec Shanghai, Mitsui Chemicals, EBRO FOODS, Lifeway Foods, Mitsubishi Gas, and COFCO Joycome. 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' 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.
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.
Fortescue Metals secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Fortescue Metals Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortescue Metals' Variance of 4.63, standard deviation of 2.15, and Mean Deviation of 1.65 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0173, which means not very significant fluctuations relative to the market. 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 -0.21%. Please make sure to confirm Fortescue Metals' value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if Fortescue Metals performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.3
Weak reverse predictability
Fortescue Metals Group has weak reverse predictability. Overlapping area represents the amount of predictability between Fortescue Metals time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 -0.3 indicates that nearly 30.0% of current Fortescue Metals price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.3
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
2.75
Fortescue Metals lagged returns against current returns
Autocorrelation, which is Fortescue Metals 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' 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortescue Metals 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 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 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Fortescue Metals Group.
Fortescue Metals financial ratios help investors to determine whether Fortescue 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 Fortescue with respect to the benefits of owning Fortescue Metals security.