Freeport Stock Price on August 1, 2022 Breakdown

FCX
 Stock
  

USD 27.33  0.84  2.98%   

As of today, the current price of Freeport Mcmoran is  27.33 , as last reported on the 2nd of October, with the highest price reaching  28.42  and the lowest price hitting  27.29  during the day.
We consider Freeport Mcmoran very steady. Freeport-Mcmoran secures Sharpe Ratio (or Efficiency) of 0.0182, which denotes the company had 0.0182% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Freeport-Mcmoran, which you can use to evaluate the future volatility of the firm. Please confirm Freeport-Mcmoran coefficient of variation of (3,856), and Mean Deviation of 2.91 to check if the risk estimate we provide is consistent with the expected return of 0.0634%.
  

Freeport Mcmoran Main Headline on 1st of August 2022

Freeport-Mcmoran dividend paid on 1st of August 2022

Freeport Mcmoran Valuation on August 1, 2022

It is possible to determine the worth of Freeport Mcmoran on a given historical date. On August 1, 2022 Freeport was worth 30.85 at the beginning of the trading date compared to the closed value of 29.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Freeport Mcmoran stock. Still, in general, we apply an absolute valuation method to find Freeport Mcmoran's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Freeport Mcmoran's related companies.
 Open High Low Close Volume
  30.05    31.73    29.77    31.55    25,662,147  
08/01/2022
  30.85    31.02    29.69    29.98    16,982,234  
  29.63    29.99    28.52    29.33    17,026,193  
Backtest Freeport Mcmoran  |  Freeport Mcmoran History  |  Freeport Mcmoran Valuation   PreviousNext  
Open Value 30.85
29.98
Closing Value
41.31
Upside

Freeport Mcmoran Trading Date Momentum on August 1, 2022

On August 02 2022 Freeport-Mcmoran was traded for  29.33  at the closing time. Highest Freeport Mcmoran's price during the trading hours was 29.99  and the lowest price during the day was  28.52 . The net volume was 17 M. The overall trading history on the 2nd of August contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.17% . The overall trading delta to current price is 7.04% .

Freeport-Mcmoran Fundamentals Correlations and Trends

By evaluating Freeport Mcmoran's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Freeport Mcmoran's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Freeport financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Freeport Mcmoran Stock history

Freeport Mcmoran investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Freeport is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Freeport-Mcmoran will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Freeport Mcmoran historical stock prices may prove useful in developing a viable investing in Freeport Mcmoran
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona. Freeport Mcmoran operates under Copper classification in the United States and is traded on New York Stock Exchange. It employs 24700 people.

Freeport Mcmoran Stock Technical Analysis

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.
A focus of Freeport Mcmoran technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Freeport Mcmoran trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Freeport Mcmoran Period Price Range

Low
August 1, 2022
High

 30.85 

  

 29.98 

-0.87-2.82%

Freeport Mcmoran October 2, 2022 Market Strength

Market strength indicators help investors to evaluate how Freeport Mcmoran 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 Mcmoran shares will generate the highest return on investment. By undertsting and applying Freeport Mcmoran stock market strength indicators, traders can identify Freeport-Mcmoran entry and exit signals to maximize returns

Freeport Mcmoran Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Freeport stock's direction in advance. Along with the technical and fundamental analysis of Freeport 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 stock 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.
Please check Investing Opportunities. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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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.
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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.
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.