Freeport Stock Probability of Future Stock Price Finishing Over 37.15

FCX
 Stock
  

USD 37.15  0.89  2.34%   

Freeport Mcmoran's future price is the expected price of Freeport Mcmoran instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Freeport-Mcmoran performance during a given time horizon utilizing its historical volatility. Price to Earnings Ratio is likely to rise to 15.36 in 2022, whereas Price to Book Value is likely to drop 3.70 in 2022.
  
Freeport Mcmoran's implied volatility is one of the determining factors in the pricing options written on Freeport-Mcmoran. Implied volatility approximates the future value of Freeport Mcmoran based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Freeport-Mcmoran over a specific time period. For example, 2022-12-02 CALL at $37.0 is a CALL option contract on Freeport Mcmoran's common stock with a strick price of 37.0 expiring on 2022-12-02. The contract was last traded on 2022-11-25 at 12:59:56 for $1.01 and, as of today, has 5 days remaining before the expiration. The option is currently trading at a bid price of $1.0, and an ask price of $1.02. The implied volatility as of the 27th of November is 48.7161. View All Freeport options

Closest to current price Freeport long CALL Option Payoff at Expiration

Please check 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. Please specify Freeport Mcmoran time horizon, a valid symbol (red box) and a target price (blue box) you would like Freeport Mcmoran odds to be computed.

Freeport Mcmoran Target Price Odds to finish over 37.15

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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 37.15 90 days 37.15 
nearly 4.14
Based on a normal probability distribution, the odds of Freeport Mcmoran to move above the current price in 90 days from now is nearly 4.14 (This Freeport-Mcmoran probability density function shows the probability of Freeport Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.73 . 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 The company has an alpha of 0.2221, implying that it can generate a 0.22 percent excess return over DOW 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. Regardless of method or technology, however, to accurately forecast the stock or bond 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, 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.
Hype
Prediction
LowEstimated ValueHigh
33.3737.1640.95
Details
Intrinsic
Valuation
LowReal ValueHigh
35.1438.9342.72
Details
Naive
Forecast
LowNext ValueHigh
33.1836.9740.76
Details
12 Analysts
Consensus
LowTarget PriceHigh
21.0041.4650.00
Details
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.

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, 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 DOW
0.22
β
Beta against DOW1.73
σ
Overall volatility
3.35
Ir
Information ratio 0.07

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 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 has very high historical volatility over the last 90 days
Freeport-Mcmoran has a strong financial position based on the latest SEC filings
Over 79.0% of the company shares are owned by institutional investors
On 1st of November 2022 Freeport Mcmoran paid $ 0.075 per share dividend to its current shareholders
Latest headline from news.google.com: Freeport-McMoRan Stock Receives 34 Price Target - Pulse 2.0

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.
Last Dividend Date13th of October 2022
Shares Percent Shares Out1.83%
Trailing Annual Dividend Rate0.60
Short Percent Of Float1.84%
Float Shares1.42B
Average Daily Volume Last 10 Day12.27M
Shares Short Prior Month33.07M
Average Daily Volume In Three Month16.36M
Date Short Interest15th of November 2022

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. 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 time-series forecasting models is one of many Freeport Mcmoran's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These 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

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 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Freeport-Mcmoran has very high historical volatility over the last 90 days
Freeport-Mcmoran has a strong financial position based on the latest SEC filings
Over 79.0% of the company shares are owned by institutional investors
On 1st of November 2022 Freeport Mcmoran paid $ 0.075 per share dividend to its current shareholders
Latest headline from news.google.com: Freeport-McMoRan Stock Receives 34 Price Target - Pulse 2.0
Please check 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 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for Freeport Stock analysis

When running Freeport-Mcmoran 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.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
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 YOY
(0.70) 
Market Capitalization
53.1 B
Quarterly Revenue Growth YOY
(0.18) 
Return On Assets
0.0997
Return On Equity
0.21
The market value of Freeport-Mcmoran 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 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.