Freeport Mcmoran Copper Gold Stock Probability of Future Stock Price Finishing Over 41.46
| FCX Stock | USD 47.99 0.96 1.96% |
Closest to current price Freeport long CALL Option Payoff at Expiration
Freeport |
Freeport McMoran Target Price Odds to finish over 41.46
The tendency of Freeport Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 41.46 in 90 days |
| 47.99 | 90 days | 41.46 | about 57.81 |
Based on a normal probability distribution, the odds of Freeport McMoran to stay above $ 41.46 in 90 days from now is about 57.81 (This Freeport McMoran Copper Gold probability density function shows the probability of Freeport Stock to fall within a particular range of prices over 90 days) . Probability of Freeport McMoran Copper price to stay between $ 41.46 and its current price of $47.99 at the end of the 90-day period is about 45.46 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.34 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Freeport McMoran will likely underperform. Additionally Freeport McMoran Copper Gold has an alpha of 0.2861, implying that it can generate a 0.29 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Freeport McMoran Price Density |
| Price |
Predictive Modules for Freeport McMoran
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Freeport McMoran Copper. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Freeport McMoran's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Freeport McMoran Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Freeport McMoran is not an exception. The market had few large corrections towards the Freeport McMoran's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Freeport McMoran Copper Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Freeport McMoran within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.29 | |
β | Beta against NYSE Composite | 1.34 | |
σ | Overall volatility | 4.82 | |
Ir | Information ratio | 0.15 |
Freeport McMoran Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Freeport McMoran for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Freeport McMoran Copper can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Freeport McMoran is unlikely to experience financial distress in the next 2 years | |
| Freeport McMoran has a strong financial position based on the latest SEC filings | |
| Over 82.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Freeport McMoran paid $ 0.15 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Freeport to Report Q1 Earnings Whats in the Offing |
Freeport McMoran Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Freeport Stock often depends not only on the future outlook of the current and potential Freeport McMoran's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Freeport McMoran's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 B | |
| Cash And Short Term Investments | 6 B |
Freeport McMoran Technical Analysis
Freeport McMoran's future price can be derived by breaking down and analyzing its technical indicators over time. Freeport Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Freeport McMoran Copper Gold. In general, you should focus on analyzing Freeport Stock price patterns and their correlations with different microeconomic environments and drivers.
Freeport McMoran Predictive Forecast Models
Freeport McMoran's time-series forecasting models is one of many Freeport McMoran's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Freeport McMoran's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Freeport McMoran Copper
Checking the ongoing alerts about Freeport McMoran for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Freeport McMoran Copper help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Freeport McMoran is unlikely to experience financial distress in the next 2 years | |
| Freeport McMoran has a strong financial position based on the latest SEC filings | |
| Over 82.0% of the company shares are owned by institutional investors | |
| On 15th of April 2024 Freeport McMoran paid $ 0.15 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Freeport to Report Q1 Earnings Whats in the Offing |
Check out Freeport McMoran Backtesting, Freeport McMoran Valuation, Freeport McMoran Correlation, Freeport McMoran Hype Analysis, Freeport McMoran Volatility, Freeport McMoran History as well as Freeport McMoran Performance. Note that the Freeport McMoran Copper information on this page should be used as a complementary analysis to other Freeport McMoran's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Freeport Stock analysis
When running Freeport McMoran's price analysis, check to 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.
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Is Freeport McMoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Dividend Share 0.6 | Earnings Share 1.28 | Revenue Per Share 15.938 | Quarterly Revenue Growth 0.026 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's 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.