Freeport Resources Stock Price on October 21, 2021
If you're considering investing in Freeport OTC Stock, it is important to understand the factors that can impact its price. Freeport Resources is out of control given 3 months investment horizon. Freeport Resources secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 3.59% are justified by taking the suggested risk. Use Freeport Resources Coefficient Of Variation of 486.35, mean deviation of 9.85, and Downside Deviation of 20.71 to evaluate company specific risk that cannot be diversified away.
Freeport OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Freeport |
Sharpe Ratio = 0.2056
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Estimated Market Risk
| 17.44 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.59 actual daily | 70 70% of assets have lower returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Freeport Resources is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Freeport Resources by adding it to a well-diversified portfolio.
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.
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Price Boundaries
Freeport Resources Period Price Range
Freeport Resources April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Freeport Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Freeport Resources shares will generate the highest return on investment. By undertsting and applying Freeport Resources otc stock market strength indicators, traders can identify Freeport Resources entry and exit signals to maximize returns
Freeport Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Freeport Resources' price direction in advance. Along with the technical and fundamental analysis of Freeport OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Freeport to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 3.5 | |||
| Total Risk Alpha | 2.25 | |||
| Sortino Ratio | 0.1703 | |||
| Treynor Ratio | 2.24 |
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Freeport OTC Stock analysis
When running Freeport Resources' price analysis, check to measure Freeport Resources' 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 Resources is operating at the current time. Most of Freeport Resources' value examination focuses on studying past and present price action to predict the probability of Freeport Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport Resources' price. Additionally, you may evaluate how the addition of Freeport Resources to your portfolios can decrease your overall portfolio volatility.
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