Yunnan Copper's market value is the price at which a share of Yunnan Copper trades on a public exchange. It measures the collective expectations of Yunnan Copper Co investors about its performance. Yunnan Copper is trading at 12.56 as of the 15th of January 2025, a 1.1 percent decrease since the beginning of the trading day. The stock's open price was 12.7. With this module, you can estimate the performance of a buy and hold strategy of Yunnan Copper Co and determine expected loss or profit from investing in Yunnan Copper over a given investment horizon. Check out Yunnan Copper Correlation, Yunnan Copper Volatility and Yunnan Copper Alpha and Beta module to complement your research on Yunnan Copper.
Please note, there is a significant difference between Yunnan Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yunnan Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yunnan 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.
Yunnan 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 Yunnan 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 Yunnan Copper.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Yunnan 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 Yunnan Copper Co 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 Yunnan Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Copper's standard deviation. In reality, there are many statistical measures that can use Yunnan Copper historical prices to predict the future Yunnan Copper's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Yunnan Copper. Your research has to be compared to or analyzed against Yunnan Copper's peers to derive any actionable benefits. When done correctly, Yunnan 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 Yunnan Copper.
Yunnan Copper Backtested Returns
Yunnan Copper shows Sharpe Ratio of -0.0231, which attests that the company had a -0.0231% return per unit of risk over the last 3 months. Yunnan Copper exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yunnan Copper's Standard Deviation of 1.51, market risk adjusted performance of 1.78, and Mean Deviation of 1.13 to validate the risk estimate we provide. The firm maintains a market beta of -0.0542, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yunnan Copper are expected to decrease at a much lower rate. During the bear market, Yunnan Copper is likely to outperform the market. At this point, Yunnan Copper has a negative expected return of -0.0341%. Please make sure to check out Yunnan Copper's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Yunnan Copper performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.24
Weak reverse predictability
Yunnan Copper Co has weak reverse predictability. Overlapping area represents the amount of predictability between Yunnan Copper time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th 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 Yunnan Copper price movement. The serial correlation of -0.24 indicates that over 24.0% of current Yunnan Copper price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.24
Spearman Rank Test
-0.33
Residual Average
0.0
Price Variance
0.05
Yunnan Copper lagged returns against current returns
Autocorrelation, which is Yunnan 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 Yunnan Copper's stock expected returns. We can calculate the autocorrelation of Yunnan Copper returns to help us make a trade decision. For example, suppose you find that Yunnan 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
Yunnan 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 Yunnan Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Copper stock over time.
Current vs Lagged Prices
Timeline
Yunnan Copper Lagged Returns
When evaluating Yunnan Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Copper stock have on its future price. Yunnan 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, Yunnan Copper autocorrelation shows the relationship between Yunnan Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Copper Co.
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.
Yunnan Copper financial ratios help investors to determine whether Yunnan 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 Yunnan with respect to the benefits of owning Yunnan Copper security.