North Copper's market value is the price at which a share of North Copper trades on a public exchange. It measures the collective expectations of North Copper Shanxi investors about its performance. North Copper is trading at 9.74 as of the 14th of January 2025, a 2.63 percent increase since the beginning of the trading day. The stock's open price was 9.49. With this module, you can estimate the performance of a buy and hold strategy of North Copper Shanxi and determine expected loss or profit from investing in North Copper over a given investment horizon. Check out North Copper Correlation, North Copper Volatility and North Copper Alpha and Beta module to complement your research on North Copper.
Please note, there is a significant difference between North Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if North Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North Copper'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.
North Copper '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 North Copper's 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 North Copper.
0.00
08/23/2023
No Change 0.00
0.0
In 1 year 4 months and 26 days
01/14/2025
0.00
If you would invest 0.00 in North Copper on August 23, 2023 and sell it all today you would earn a total of 0.00 from holding North Copper Shanxi or generate 0.0% return on investment in North Copper over 510 days. North Copper is related to or competes with CSSC Offshore, Caihong Display, Aba Chemicals, Hubei Xingfa, Yingde Greatchem, Tongyu Communication, and Jiangxi Hengda. North Copper is entity of China. It is traded as Stock on SHE exchange. More
North Copper 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 North Copper's 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 North Copper Shanxi upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for North Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as North Copper's standard deviation. In reality, there are many statistical measures that can use North Copper historical prices to predict the future North Copper's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as North Copper. Your research has to be compared to or analyzed against North Copper's peers to derive any actionable benefits. When done correctly, North Copper's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in North Copper Shanxi.
North Copper Shanxi Backtested Returns
At this point, North Copper is somewhat reliable. North Copper Shanxi has Sharpe Ratio of 0.036, which conveys that the firm had a 0.036% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for North Copper, which you can use to evaluate the volatility of the firm. Please verify North Copper's Downside Deviation of 2.16, mean deviation of 2.26, and Risk Adjusted Performance of 0.0341 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. North Copper has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, North Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding North Copper is expected to be smaller as well. North Copper Shanxi right now secures a risk of 3.1%. Please verify North Copper Shanxi coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if North Copper Shanxi will be following its current price movements.
Auto-correlation
-0.34
Poor reverse predictability
North Copper Shanxi has poor reverse predictability. Overlapping area represents the amount of predictability between North Copper time series from 23rd of August 2023 to 4th of May 2024 and 4th of May 2024 to 14th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of North Copper Shanxi price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current North Copper price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.34
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
1.15
North Copper Shanxi lagged returns against current returns
Autocorrelation, which is North Copper 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 North Copper's stock expected returns. We can calculate the autocorrelation of North Copper returns to help us make a trade decision. For example, suppose you find that North Copper 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 price movement to match the lagging time series.
Current and Lagged Values
Timeline
North Copper 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 North Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if North Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in North Copper stock over time.
Current vs Lagged Prices
Timeline
North Copper Lagged Returns
When evaluating North Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of North Copper stock have on its future price. North Copper 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, North Copper autocorrelation shows the relationship between North Copper stock current value and its past values and can show if there is a momentum factor associated with investing in North Copper Shanxi.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
North Copper financial ratios help investors to determine whether North Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in North with respect to the benefits of owning North Copper security.