Freeport-McMoran Competitors

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Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Freeport-McMoran in the context of predictive analytics.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Freeport-McMoran. Your research has to be compared to or analyzed against Freeport-McMoran's peers to derive any actionable benefits. When done correctly, Freeport-McMoran's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Freeport-McMoran Copper.

Freeport-McMoran Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Freeport-McMoran and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Freeport-McMoran and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Freeport-McMoran Copper does not affect the price movement of the other competitor.

Related Correlations

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Risk-Adjusted Indicators

Nowadays, there is a big difference between Freeport-McMoran Stock performing well and Freeport-McMoran company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Freeport-McMoran's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
CHK 2.06 (0.05) (0.01)  0.01  2.80 (0.0156) (2.09)  4.18 (5.68)  11.52 
CMC 1.81  0.28  0.13  0.30  2.02  0.12 (2.11)  4.33 (3.82)  11.44 
DVN 2.54 (0.12)  0.00 (0.02)  0.00 (0.0246)  0.00  4.88 (5.85)  21.40 
MRO 2.54  0.08  0.03  0.11  3.10  0.0315 (2.79)  5.56 (4.50)  16.97 
OXY 2.12 (0.08)  0.00 (0.01)  0.00 (0.0246)  0.00  4.44 (3.66)  14.14 
MCD 0.92  0.07  0.03  0.21  1.08  0.0278 (0.90)  1.99 (1.69)  5.72 
AA 3.81 (0.03)  0.01  0.04  4.27  0.0078 (4.43)  7.74 (7.61)  20.15 
DD 1.72  0.29  0.17  0.31  1.45  0.13 (1.99)  3.91 (2.34)  10.00 
KO 0.94  0.02  0.00  0.09  1.18 (0.0008) (0.92)  2.40 (1.60)  4.95 

Cross Equities Net Income Analysis

Compare Freeport-McMoran Copper and related stocks such as Chesapeake Energy Corp, Commercial Metals, Devon Energy, Marathon Oil, Occidental Petroleum, McDonalds, Alcoa Corp, Dupont De Nemours, and Coca-Cola Net Income Over Time
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CHK1.8 B1.7 B(769 M)724 M1.9 B(14.7 B)(4.4 B)949 M873 M(308 M)(308 M)(354.2 M)(382.2 M)
CMC(205.3 M)207.5 M77.3 M115.6 M141.6 M54.8 M46.3 M138.5 M198.1 M279.5 M412.9 M1.2 B1.3 B
DVN4.5 B4.7 B(206 M)(20 M)1.6 B(14.5 B)(3.3 B)898 M3.1 B(355 M)(2.7 B)2.8 BB
MRO2.6 B2.9 B1.6 B1.8 BB(2.2 B)(2.1 B)(5.7 B)1.1 B480 M(1.5 B)946 MB
OXY4.5 B6.8 B4.6 B5.9 B616 M(7.8 B)(574 M)1.3 B4.1 B(667 M)(14.8 B)2.3 B2.5 B
MCD4.9 B5.5 B5.5 B5.6 B4.8 B4.5 B4.7 B5.2 B5.9 BB4.7 B7.5 B6.2 B
AA(2.9 B)(2.9 B)(2.9 B)(2.9 B)(256 M)(863 M)(400 M)217 M227 M(1.1 B)(170 M)429 M462.9 M
DD1.2 B1.2 B1.2 B1.2 B1.2 B1.2 B1.2 B1.2 B3.8 B498 M(3 B)6.5 BB
KO11.8 B8.6 BB8.6 B7.1 B7.4 B6.5 B1.2 B6.4 B8.9 B7.7 B9.8 B9.6 B

Freeport-McMoran Copper and related stocks such as Chesapeake Energy Corp, Commercial Metals, Devon Energy, Marathon Oil, Occidental Petroleum, McDonalds, Alcoa Corp, Dupont De Nemours, and Coca-Cola Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Freeport-McMoran Copper financial statement analysis. It represents the amount of money remaining after all of Freeport-McMoran Copper Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends Income Statement Impact.

Freeport-McMoran Competitive Analysis

The better you understand Freeport-McMoran competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Freeport-McMoran's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Freeport-McMoran's competition over several years is one of the best ways to analyze its investment potential.
 Better Than Average     
 Worse Than Peers    View Performance Chart
Coca Cola
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Freeport-McMoran Competition Performance Charts

Complement your Freeport-McMoran position

In addition to having Freeport-McMoran in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Insurance Providers Theme
Companies providing all types of insurance and insurance services. The Insurance Providers theme has 40 constituents at this time.
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Please check Freeport-McMoran Correlation with its peers. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Freeport-McMoran Copper 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 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-McMoran 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.
The market value of Freeport-McMoran Copper is measured differently than its book value, which is the value of Freeport-McMoran 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 Freeport-McMoran value 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.

USD 38.59  1.27  3.19%   

Freeport-McMoran Copper competes with Chesapeake Energy, Commercial Metals, Devon Energy, Marathon Oil, and Occidental Petroleum; as well as few others. The company runs under Metals & Mining sector within Materials industry. Analyzing Freeport-McMoran competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Freeport-McMoran to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Freeport-McMoran competition on your existing holdings. Please check Freeport-McMoran Correlation with its peers.
Return on Investment is likely to rise to 41.28 in 2022. Return on Average Assets is likely to rise to 10.31 in 2022. Freeport-McMoran Revenue to Assets are fairly stable at the moment as compared to the past year. Freeport-McMoran reported Revenue to Assets of 0.48 in 2021. Total Assets Per Share is likely to rise to 38.00 in 2022, whereas Total Assets are likely to drop slightly above 43.3 B in 2022.