COPPERBELT ENERGY (Zambia) Market Value
| CECZ Stock | 13.93 0.01 0.07% |
| Symbol | COPPERBELT |
COPPERBELT ENERGY '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 COPPERBELT ENERGY'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 COPPERBELT ENERGY.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in COPPERBELT ENERGY on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding COPPERBELT ENERGY PORATION or generate 0.0% return on investment in COPPERBELT ENERGY over 720 days.
COPPERBELT ENERGY 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 COPPERBELT ENERGY'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 COPPERBELT ENERGY PORATION upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 2.91 |
COPPERBELT ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COPPERBELT ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COPPERBELT ENERGY's standard deviation. In reality, there are many statistical measures that can use COPPERBELT ENERGY historical prices to predict the future COPPERBELT ENERGY's volatility.| Risk Adjusted Performance | 0.1662 | |||
| Jensen Alpha | 0.3012 | |||
| Total Risk Alpha | 0.0692 | |||
| Sortino Ratio | 0.1789 | |||
| Treynor Ratio | 9.87 |
COPPERBELT ENERGY Backtested Returns
Currently, COPPERBELT ENERGY PORATION is very steady. COPPERBELT ENERGY secures Sharpe Ratio (or Efficiency) of 0.0913, which signifies that the company had a 0.0913% return per unit of risk over the last 3 months. We have found thirty technical indicators for COPPERBELT ENERGY PORATION, which you can use to evaluate the volatility of the firm. Please confirm COPPERBELT ENERGY's risk adjusted performance of 0.1662, and Mean Deviation of 0.8305 to double-check if the risk estimate we provide is consistent with the expected return of 0.0957%. COPPERBELT ENERGY has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0309, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COPPERBELT ENERGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding COPPERBELT ENERGY is expected to be smaller as well. COPPERBELT ENERGY currently shows a risk of 1.05%. Please confirm COPPERBELT ENERGY total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if COPPERBELT ENERGY will be following its price patterns.
Auto-correlation | 0.89 |
Very good predictability
COPPERBELT ENERGY PORATION has very good predictability. Overlapping area represents the amount of predictability between COPPERBELT ENERGY time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 COPPERBELT ENERGY price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current COPPERBELT ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 9.64 |
COPPERBELT ENERGY lagged returns against current returns
Autocorrelation, which is COPPERBELT ENERGY 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 COPPERBELT ENERGY's stock expected returns. We can calculate the autocorrelation of COPPERBELT ENERGY returns to help us make a trade decision. For example, suppose you find that COPPERBELT ENERGY 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 |
COPPERBELT ENERGY 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 COPPERBELT ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COPPERBELT ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COPPERBELT ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
COPPERBELT ENERGY Lagged Returns
When evaluating COPPERBELT ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COPPERBELT ENERGY stock have on its future price. COPPERBELT ENERGY 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, COPPERBELT ENERGY autocorrelation shows the relationship between COPPERBELT ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in COPPERBELT ENERGY PORATION.
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 COPPERBELT Stock Analysis
When running COPPERBELT ENERGY's price analysis, check to measure COPPERBELT ENERGY'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 COPPERBELT ENERGY is operating at the current time. Most of COPPERBELT ENERGY's value examination focuses on studying past and present price action to predict the probability of COPPERBELT ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COPPERBELT ENERGY's price. Additionally, you may evaluate how the addition of COPPERBELT ENERGY to your portfolios can decrease your overall portfolio volatility.