CopperCorp Resources Correlations

CPCPF Stock

USD 0.06 0 7.34%

The current 90-days correlation between CopperCorp Resources and Class 1 Nickel is 0.16 (i.e., Average diversification). The correlation of CopperCorp Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

CopperCorp Resources Correlation With Market

Significant diversification

The correlation between CopperCorp Resources and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CopperCorp Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CopperCorp Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CopperCorp Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CopperCorp Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CopperCorp Resources to buy it.

Moving against CopperCorp OTC Stock

0.81	MBGAF	Mercedes Benz Group	Pair Corr
0.77	GOOG	Alphabet Class C	Pair Corr
0.76	LUNMF	Lundin Mining	Pair Corr
0.73	ANSLY	Ansell Ltd ADR	Pair Corr
0.69	CLPIF	Compagnie des Alpes	Pair Corr
0.67	ZYME	Zymeworks Common Stock Downward Rally	Pair Corr
0.67	MAZE	Maze Therapeutics Common	Pair Corr
0.65	INVX	Innovex International	Pair Corr
0.58	GEF	Greif Bros	Pair Corr
0.53	LLKKF	Lake Resources NL	Pair Corr
0.53	HBCP	Home Bancorp	Pair Corr
0.52	KGHPF	KGHM Polska Miedz	Pair Corr
0.47	ADSE	Ads Tec Energy	Pair Corr
0.47	FRLOF	Frasers Logistics	Pair Corr
0.44	FCX	Freeport McMoran Copper Aggressive Push	Pair Corr
0.43	WRSLF	Winsome Resources	Pair Corr
0.43	WIT	Wipro Limited ADR	Pair Corr
0.4	ANFGF	Antofagasta PLC	Pair Corr
0.31	BCSF	Bain Capital Specialty	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr
0.8	MBGYY	Mercedes Benz Group	Pair Corr
0.78	SFST	Southern First Bancshares	Pair Corr
0.78	RYOOF	Rio Silver	Pair Corr
0.74	BSRR	Sierra Bancorp	Pair Corr
0.73	HIG	Hartford Financial	Pair Corr
0.71	HSBC	HSBC Holdings PLC Normal Trading	Pair Corr
0.7	TMUSL	T Mobile 6250	Pair Corr
0.69	RITM-PA	Rithm Capital Corp	Pair Corr
0.66	VSCO	Victorias Secret	Pair Corr
0.62	MBBC	Marathon Bancorp Common	Pair Corr
0.62	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	JLRRF	NICLF	BCUFF	GBBFF	CCEDF	WTCZF	FEERF	EVKRF	BXRDF	ALTPF
JLRRF		-0.48	0.03	-0.09	-0.09	0.14	-0.53	0.08	-0.26	-0.08	JLRRF
NICLF	-0.48		-0.17	0.21	-0.11	0.16	0.16	-0.23	-0.17	-0.08	NICLF
BCUFF	0.03	-0.17		0.18	0.31	-0.14	0.36	0.68	-0.17	0.66	BCUFF
GBBFF	-0.09	0.21	0.18		0.1	-0.09	0.09	0.29	-0.21	0.43	GBBFF
CCEDF	-0.09	-0.11	0.31	0.1		-0.41	0.33	0.39	-0.03	0.38	CCEDF
WTCZF	0.14	0.16	-0.14	-0.09	-0.41		-0.1	-0.12	-0.29	-0.35	WTCZF
FEERF	-0.53	0.16	0.36	0.09	0.33	-0.1		0.34	0.14	0.33	FEERF
EVKRF	0.08	-0.23	0.68	0.29	0.39	-0.12	0.34		-0.2	0.73	EVKRF
BXRDF	-0.26	-0.17	-0.17	-0.21	-0.03	-0.29	0.14	-0.2		-0.17	BXRDF
ALTPF	-0.08	-0.08	0.66	0.43	0.38	-0.35	0.33	0.73	-0.17		ALTPF
	JLRRF	NICLF	BCUFF	GBBFF	CCEDF	WTCZF	FEERF	EVKRF	BXRDF	ALTPF

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ALTPF	+ 0.73	EVKRF
EVKRF	+ 0.68	BCUFF
ALTPF	+ 0.66	BCUFF
ALTPF	+ 0.43	GBBFF
EVKRF	+ 0.39	CCEDF
ALTPF	+ 0.38	CCEDF

High negative correlations

FEERF	- 0.53	JLRRF
NICLF	- 0.48	JLRRF
WTCZF	- 0.41	CCEDF
ALTPF	- 0.35	WTCZF
BXRDF	- 0.29	WTCZF
BXRDF	- 0.26	JLRRF

Risk-Adjusted Indicators

There is a big difference between CopperCorp OTC Stock performing well and CopperCorp Resources OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CopperCorp Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JLRRF	41.98	16.98	0.00	0.44	0.00	0.00	0.36	0.00	143.23
NICLF	4.93	2.38	0.00	(0.92)	0.00	0.00	22.22	0.00	49.18
BCUFF	4.80	(0.25)	0.00	(0.18)	0.00	0.00	10.89	(11.02)	40.39
GBBFF	6.82	1.56	0.05	(0.25)	7.76	(29.35)	33.33	(25.00)	58.33
CCEDF	44.80	19.41	0.44	(1.61)	19.56	(163.36)	207.69	(33.33)	564.76
WTCZF	26.91	8.68	0.23	(0.61)	20.30	(51.63)	93.33	(44.62)	303.45
FEERF	4.43	0.19	0.01	0.86	7.04	(9.36)	19.23	(14.86)	60.91
EVKRF	4.15	(0.73)	0.00	(0.28)	0.00	0.00	6.67	(9.52)	33.33
BXRDF	10.13	2.57	0.00	0.74	0.00	0.00	0.00	(11.74)	298.42
ALTPF	5.81	0.06	0.01	0.11	7.35	(8.19)	12.90	(13.95)	35.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in CopperCorp Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Transformation Now

Price Transformation

Use Price Transformation models to analyze the depth of different equity instruments across global markets

All Next

Launch Module

CopperCorp Resources Corporate Management

Elected by the shareholders, the CopperCorp Resources' board of directors comprises two types of representatives: CopperCorp Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CopperCorp. The board's role is to monitor CopperCorp Resources' management team and ensure that shareholders' interests are well served. CopperCorp Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CopperCorp Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

CA CFA	Chief Officer	Profile
Danica Topolewski	Co Sec	Profile
Sean Westbrook	VP Founder	Profile
Eoin Saadien	Founder Chairman	Profile
Samuel Garrett	Founder Director	Profile
BSc FSEG	Founder Advisor	Profile
Stephen MSc	CEO Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC