Freeport Mcmoran Copper Gold Stock Technical Analysis
FCX Stock | USD 45.88 1.15 2.57% |
As of the 28th of March, Freeport McMoran shows the Coefficient Of Variation of 1395.31, downside deviation of 1.91, and Mean Deviation of 1.6. Freeport-McMoran Copper technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down nineteen technical drivers for Freeport McMoran Copper Gold, which can be compared to its rivals. Please confirm Freeport-McMoran Copper variance, as well as the relationship between the value at risk and skewness to decide if Freeport-McMoran Copper is priced favorably, providing market reflects its regular price of 45.88 per share. Given that Freeport McMoran has jensen alpha of (0.11), we urge you to verify Freeport McMoran Copper Gold's prevailing market performance to make sure the company can sustain itself at a future point.
Freeport McMoran Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Freeport, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FreeportFreeport |
Freeport McMoran Analyst Consensus
Target Price | Advice | # of Analysts | |
44.5 | Buy | 23 | Odds |
Most Freeport analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Freeport stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Freeport-McMoran Copper, talking to its executives and customers, or listening to Freeport conference calls.
Freeport McMoran technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Freeport-McMoran Copper Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Freeport-McMoran Copper volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Freeport-McMoran Copper Trend Analysis
Use this graph to draw trend lines for Freeport McMoran Copper Gold. You can use it to identify possible trend reversals for Freeport McMoran as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Freeport McMoran price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Freeport McMoran Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Freeport McMoran Copper Gold applied against its price change over selected period. The best fit line has a slop of 0.05 , which may imply that Freeport McMoran Copper Gold will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 96.81, which is the sum of squared deviations for the predicted Freeport McMoran price change compared to its average price change.About Freeport McMoran Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Freeport McMoran Copper Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Freeport McMoran Copper Gold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Freeport-McMoran Copper price pattern first instead of the macroeconomic environment surrounding Freeport-McMoran Copper. By analyzing Freeport McMoran's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Freeport McMoran's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Freeport McMoran specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005411 | 0.0158 | 0.0141 | 0.0134 | Price To Sales Ratio | 2.68 | 2.4 | 2.69 | 4.21 |
Freeport McMoran March 28, 2024 Technical Indicators
Most technical analysis of Freeport help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Freeport from various momentum indicators to cycle indicators. When you analyze Freeport charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0472 | |||
Market Risk Adjusted Performance | 0.0814 | |||
Mean Deviation | 1.6 | |||
Semi Deviation | 1.81 | |||
Downside Deviation | 1.91 | |||
Coefficient Of Variation | 1395.31 | |||
Standard Deviation | 2.14 | |||
Variance | 4.59 | |||
Information Ratio | 0.009 | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.34) | |||
Sortino Ratio | 0.0101 | |||
Treynor Ratio | 0.0714 | |||
Maximum Drawdown | 10.02 | |||
Value At Risk | (3.13) | |||
Potential Upside | 3.85 | |||
Downside Variance | 3.65 | |||
Semi Variance | 3.27 | |||
Expected Short fall | (1.81) | |||
Skewness | 0.53 | |||
Kurtosis | 1.41 |
Freeport McMoran March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Freeport stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 326,078 | ||
Daily Balance Of Power | 0.82 | ||
Rate Of Daily Change | 1.03 | ||
Day Median Price | 45.24 | ||
Day Typical Price | 45.45 | ||
Price Action Indicator | 1.22 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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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.