Copper Mountain Correlations

CPPMF Stock

USD 0.23 0.02 9.52%

The current 90-days correlation between Copper Mountain Mining and Ero Copper Corp is 0.14 (i.e., Average diversification). The correlation of Copper Mountain 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.

Copper Mountain Correlation With Market

Average diversification

The correlation between Copper Mountain Mining and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Copper Mountain Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Copper Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copper Mountain 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 Copper Mountain - 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 Copper Mountain Mining to buy it.

Moving together with Copper Pink Sheet

0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.63	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Copper Pink Sheet

0.76	JPHLF	Japan Post Holdings	Pair Corr
0.74	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.6	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.59	MFG	Mizuho Financial	Pair Corr
0.45	MAPSW	WM Technology	Pair Corr
0.44	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.44	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.42	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.36	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.45	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.41	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	LUNMF	ERO	CPFXF	FQVLF	HBM	SCCO	ARREF	CSCCF	NEVDF
LUNMF		-0.6	-0.02	0.39	0.46	0.13	0.11	0.07	-0.41	LUNMF
ERO	-0.6		0.19	0.14	-0.04	0.38	0.42	0.35	0.25	ERO
CPFXF	-0.02	0.19		0.39	0.21	0.19	0.32	0.39	-0.16	CPFXF
FQVLF	0.39	0.14	0.39		0.82	0.77	0.74	0.73	-0.68	FQVLF
HBM	0.46	-0.04	0.21	0.82		0.88	0.81	0.73	-0.86	HBM
SCCO	0.13	0.38	0.19	0.77	0.88		0.91	0.79	-0.73	SCCO
ARREF	0.11	0.42	0.32	0.74	0.81	0.91		0.81	-0.65	ARREF
CSCCF	0.07	0.35	0.39	0.73	0.73	0.79	0.81		-0.59	CSCCF
NEVDF	-0.41	0.25	-0.16	-0.68	-0.86	-0.73	-0.65	-0.59		NEVDF
	LUNMF	ERO	CPFXF	FQVLF	HBM	SCCO	ARREF	CSCCF	NEVDF

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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

ARREF	+ 0.91	SCCO
SCCO	+ 0.88	HBM
HBM	+ 0.82	FQVLF
ARREF	+ 0.81	HBM
CSCCF	+ 0.81	ARREF
CSCCF	+ 0.79	SCCO

High negative correlations

NEVDF	- 0.86	HBM
NEVDF	- 0.73	SCCO
NEVDF	- 0.68	FQVLF
NEVDF	- 0.65	ARREF
ERO	- 0.6	LUNMF
NEVDF	- 0.59	CSCCF

Risk-Adjusted Indicators

There is a big difference between Copper Pink Sheet performing well and Copper Mountain Company 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 Copper Mountain's 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
LUNMF	2.14	0.41	0.11	2.07	2.33	(2.39)	4.41	(3.81)	14.28
ERO	2.35	(0.48)	0.00	(0.51)	0.00	0.00	5.24	(4.44)	15.44
CPFXF	4.30	0.42	0.05	(3.40)	3.79	(9.88)	11.11	(7.69)	41.54
FQVLF	2.56	0.06	0.03	0.16	3.42	(2.89)	5.99	(4.22)	18.63
HBM	2.29	0.14	0.04	0.25	2.95	(2.49)	4.23	(4.77)	15.90
SCCO	1.82	(0.08)	(0.04)	0.01	2.46	(1.79)	3.54	(4.54)	13.86
ARREF	1.79	(0.08)	(0.04)	0.03	1.94	(2.50)	3.94	(3.36)	11.29
CSCCF	2.65	0.06	(0.01)	0.29	3.20	(3.02)	6.17	(4.49)	15.71
NEVDF	3.32	(1.52)	0.00	(7.94)	0.00	0.00	0.00	(12.50)	82.02

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Our tools can tell you how much better you can do entering a position in Copper Mountain 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.

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Copper Mountain Corporate Management

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