Freeport Other Liab vs Inventory Analysis
FCX Stock | USD 52.38 1.10 2.06% |
Freeport McMoran financial indicator trend analysis is much more than just examining Freeport McMoran Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoran Copper is a good investment. Please check the relationship between Freeport McMoran Other Liab and its Inventory accounts. 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.
Other Liab vs Inventory
Other Liab vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freeport McMoran Copper Other Liab account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Freeport McMoran's Other Liab and Inventory is 0.64. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Inventory in the same time period over historical financial statements of Freeport McMoran Copper Gold, assuming nothing else is changed. The correlation between historical values of Freeport McMoran's Other Liab and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Freeport McMoran Copper Gold are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Liab i.e., Freeport McMoran's Other Liab and Inventory go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Liab
Inventory
Most indicators from Freeport McMoran's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoran Copper current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, Freeport McMoran's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 315.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 529M | 656M | 798M | 965.5M | Cost Of Revenue | 14.0B | 15.1B | 15.8B | 16.6B |
Freeport McMoran fundamental ratios Correlations
Click cells to compare fundamentals
Freeport McMoran Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freeport McMoran fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Short Long Term Debt Total | 9.8B | 9.7B | 9.5B | 10.6B | 9.9B | 6.2B | |
Total Current Liabilities | 3.2B | 3.4B | 5.9B | 6.3B | 5.8B | 6.1B | |
Total Stockholder Equity | 9.3B | 10.2B | 14.0B | 15.6B | 16.7B | 17.5B | |
Property Plant And Equipment Net | 29.6B | 29.8B | 30.3B | 32.6B | 35.3B | 37.1B | |
Net Debt | 7.8B | 6.1B | 1.4B | 2.5B | 4.2B | 4.3B | |
Retained Earnings | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (2.1B) | (2.2B) | |
Cash | 2.0B | 3.7B | 8.1B | 8.1B | 5.7B | 5.9B | |
Non Current Assets Total | 33.0B | 32.8B | 33.2B | 35.5B | 38.4B | 40.4B | |
Non Currrent Assets Other | 3.4B | 3.0B | 2.8B | (2.1B) | (2.4B) | (2.2B) | |
Cash And Short Term Investments | 2.0B | 3.7B | 8.1B | 8.1B | 6.0B | 6.3B | |
Net Receivables | 1.2B | 1.4B | 1.7B | 1.8B | 1.7B | 1.0B | |
Common Stock Shares Outstanding | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 814.2M | |
Liabilities And Stockholders Equity | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Non Current Liabilities Total | 20.2B | 20.1B | 19.1B | 19.9B | 19.4B | 10.9B | |
Other Current Assets | 655M | 341M | 523M | 492M | 375M | 192.2M | |
Other Stockholder Equity | 22.1B | 22.3B | 21.6B | 19.6B | 18.9B | 9.5B | |
Total Liab | 23.4B | 23.5B | 25.0B | 26.2B | 25.2B | 13.4B | |
Total Current Assets | 7.8B | 9.3B | 14.8B | 15.6B | 14.1B | 14.8B | |
Other Current Liab | 628M | 610M | 1.8B | 1.2B | 2.3B | 2.5B | |
Accounts Payable | 2.6B | 2.7B | 3.5B | 4.0B | 2.5B | 1.7B | |
Short Term Debt | 5M | 34M | 372M | 1.0B | 850M | 892.5M | |
Property Plant And Equipment Gross | 29.6B | 29.8B | 77.0B | 80.9B | 84.6B | 88.8B | |
Accumulated Other Comprehensive Income | (676M) | (583M) | (388M) | (320M) | (274M) | (287.7M) | |
Other Liab | 10.1B | 10.4B | 10.0B | 10B | 11.5B | 12.1B | |
Other Assets | 2.6B | 3.0B | 2.8B | 2.1B | 2.4B | 2.2B | |
Long Term Debt | 9.8B | 9.7B | 9.1B | 9.6B | 8.7B | 8.6B | |
Treasury Stock | (3.7B) | (3.8B) | (4.3B) | (5.7B) | (5.1B) | (4.9B) | |
Property Plant Equipment | 31.0B | 31.3B | 30.3B | 33.9B | 39.0B | 22.3B | |
Short Term Investments | 11M | 109M | 100M | 500M | 300M | 315M | |
Intangible Assets | 402M | 401M | 412M | 416M | 422M | 346.4M | |
Good Will | 306M | 398M | 402M | 401M | 360.9M | 678.1M | |
Net Tangible Assets | 9.3B | 10.2B | 14.0B | 15.6B | 14.0B | 9.9B | |
Noncontrolling Interest In Consolidated Entity | 8.2B | 8.5B | 9.0B | 9.3B | 10.7B | 5.7B | |
Retained Earnings Total Equity | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (3.5B) | (3.7B) |
Freeport McMoran Investors Sentiment
The influence of Freeport McMoran's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Freeport. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Freeport McMoran's public news can be used to forecast risks associated with an investment in Freeport. The trend in average sentiment can be used to explain how an investor holding Freeport can time the market purely based on public headlines and social activities around Freeport McMoran Copper Gold. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Freeport McMoran's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Freeport McMoran's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Freeport McMoran's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Freeport McMoran.
Freeport McMoran Implied Volatility | 60.77 |
Freeport McMoran's implied volatility exposes the market's sentiment of Freeport McMoran Copper Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Freeport McMoran's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Freeport McMoran stock will not fluctuate a lot when Freeport McMoran's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Freeport McMoran in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Freeport McMoran's short interest history, or implied volatility extrapolated from Freeport McMoran options trading.
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Try AI Portfolio ArchitectCheck 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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 (0.30) | Dividend Share 0.6 | Earnings Share 1.14 | Revenue Per Share 16.579 | Quarterly Revenue Growth 0.173 |
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.