Fortescue OTC Stock Market Value

FSUMF
 Stock
  

USD 12.53  0.51  3.91%   

Fortescue Metals' market value is the price at which a share of Fortescue Metals stock trades on a public exchange. It measures the collective expectations of Fortescue Metals Group investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Fortescue Metals Group and determine expected loss or profit from investing in Fortescue Metals over a given investment horizon. Please check Fortescue Metals Correlation, Fortescue Metals Volatility and Fortescue Metals Alpha and Beta module to complement your research on Fortescue Metals.
Symbol


Please note, there is a significant difference between Fortescue Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine Fortescue Metals value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortescue Metals' 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.

Fortescue Metals 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fortescue Metals' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fortescue Metals.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in Fortescue Metals on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding Fortescue Metals Group or generate 0.0% return on investment in Fortescue Metals over 30 days. Fortescue Metals is related to or competes with Microsoft. Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in ... More

Fortescue Metals Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fortescue Metals' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fortescue Metals Group upside and downside potential and time the market with a certain degree of confidence.

Fortescue Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortescue Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortescue Metals' standard deviation. In reality, there are many statistical measures that can use Fortescue Metals historical prices to predict the future Fortescue Metals' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Fortescue Metals' 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 Fortescue Metals in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.4313.0416.65
Details
Intrinsic
Valuation
LowReal ValueHigh
8.5812.1915.80
Details
Naive
Forecast
LowNext ValueHigh
8.6612.2715.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.9611.3613.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fortescue Metals. Your research has to be compared to or analyzed against Fortescue Metals' peers to derive any actionable benefits. When done correctly, Fortescue Metals' 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 Fortescue Metals.

Fortescue Metals Backtested Returns

Fortescue Metals appears to be somewhat reliable, given 3 months investment horizon. Fortescue Metals secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had 0.11% 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-one technical indicators for Fortescue Metals Group, which you can use to evaluate the future volatility of the firm. Please utilize Fortescue Metals' Coefficient Of Variation of 1819.13, mean deviation of 2.59, and Downside Deviation of 3.04 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Fortescue Metals holds a performance score of 8. The firm shows a Beta (market volatility) of 0.956, which means possible diversification benefits within a given portfolio. Let's try to break down what Fortescue's beta means in this case. Fortescue Metals returns are very sensitive to returns on the market. As the market goes up or down, Fortescue Metals is expected to follow. Although it is vital to follow Fortescue Metals historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Fortescue Metals technical indicators, you can presently evaluate if the expected return of 0.4% will be sustainable into the future. Please utilizes Fortescue Metals variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to make a quick decision on whether Fortescue Metals price patterns will revert.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Fortescue Metals Group has modest reverse predictability. Overlapping area represents the amount of predictability between Fortescue Metals time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortescue Metals price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Fortescue Metals price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.41
Residual Average0.0
Price Variance0.05

Fortescue Metals lagged returns against current returns

Autocorrelation, which is Fortescue Metals otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fortescue Metals' otc stock expected returns. We can calculate the autocorrelation of Fortescue Metals returns to help us make a trade decision. For example, suppose you find that Fortescue Metals otc stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Fortescue Metals regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fortescue Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortescue Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortescue Metals otc stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Fortescue Metals Lagged Returns

When evaluating Fortescue Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortescue Metals otc stock have on its future price. Fortescue Metals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fortescue Metals autocorrelation shows the relationship between Fortescue Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Fortescue Metals Group.
   Regressed Prices   
Share
       Timeline  

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 Fortescue Metals 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, Fortescue Metals' short interest history, or implied volatility extrapolated from Fortescue Metals options trading.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Fortescue Metals using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Fortescue Metals Correlation, Fortescue Metals Volatility and Fortescue Metals Alpha and Beta module to complement your research on Fortescue Metals. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for analysis

When running Fortescue Metals price analysis, check to measure Fortescue Metals' 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 Fortescue Metals is operating at the current time. Most of Fortescue Metals' value examination focuses on studying past and present price action to predict the probability of Fortescue Metals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fortescue Metals' price. Additionally, you may evaluate how the addition of Fortescue Metals to your portfolios can decrease your overall portfolio volatility.
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Fortescue Metals technical otc 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, otc market cycles, or different charting patterns.
A focus of Fortescue Metals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortescue Metals 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...