There are a lot of problems with forecasts, besides the obvious one of impossibility. Many analysts seem to analyse the fundamentals and then assume the share price will follow the fundamentals. The problem is the share price usually pre-dates the fundamentals, and sometimes just goes off on its own for whatever reason. There is only a very weak correlation between fundamental analysis and share price at any given time.
There is no doubt iron ore down = share prices down, except when it doesn't work. Eg. the capital value of FMG has gone up today by almost $400m, but I don't think the Fe price has changed?
There are several hundred stocks on the ASX with total market cap less than $400m.....
Price forecasts, page-5
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Last
$17.90 |
Change
-0.040(0.22%) |
Mkt cap ! $55.14B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.85 | $25.22M | 1.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4771 | $17.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.90 | 3419 | 10 |
View Market Depth
| Last trade - 11.38am 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |