First Copper (Taiwan) Market Value
| 2009 Stock | TWD 41.70 1.70 4.25% |
| Symbol | First |
First 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 First 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 First Copper.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in First Copper on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding First Copper Technology or generate 0.0% return on investment in First Copper over 60 days. First Copper is related to or competes with Chung Hung, Ta Chen, Tung Ho, Yieh Phui, and Chun Yuan. First Copper Technology Co., Ltd. produces and sells copper and copper alloy strips worldwide More
First 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 First 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 First Copper Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.87 |
First Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Copper's standard deviation. In reality, there are many statistical measures that can use First Copper historical prices to predict the future First Copper's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.55) |
First Copper Technology Backtested Returns
First Copper Technology secures Sharpe Ratio (or Efficiency) of -0.0137, which denotes the company had a -0.0137% return per unit of risk over the last 3 months. First Copper Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Copper's Standard Deviation of 2.2, variance of 4.83, and Mean Deviation of 1.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, First Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Copper is expected to be smaller as well. At this point, First Copper Technology has a negative expected return of -0.0314%. Please make sure to confirm First Copper's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if First Copper Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
First Copper Technology has insignificant predictability. Overlapping area represents the amount of predictability between First Copper time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Copper Technology price movement. The serial correlation of 0.14 indicates that less than 14.0% of current First Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
First Copper Technology lagged returns against current returns
Autocorrelation, which is First 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 First Copper's stock expected returns. We can calculate the autocorrelation of First Copper returns to help us make a trade decision. For example, suppose you find that First 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 |
First 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 First Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Copper stock over time.
Current vs Lagged Prices |
| Timeline |
First Copper Lagged Returns
When evaluating First Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Copper stock have on its future price. First 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, First Copper autocorrelation shows the relationship between First Copper stock current value and its past values and can show if there is a momentum factor associated with investing in First Copper Technology.
Regressed Prices |
| Timeline |
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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.Additional Tools for First Stock Analysis
When running First Copper's price analysis, check to measure First Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Copper is operating at the current time. Most of First Copper's value examination focuses on studying past and present price action to predict the probability of First Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Copper's price. Additionally, you may evaluate how the addition of First Copper to your portfolios can decrease your overall portfolio volatility.