Copaur Minerals Stock Market Value
| CPAU Stock | CAD 0.12 0.01 9.09% |
| Symbol | Copaur |
Copaur Minerals Price To Book Ratio
Copaur Minerals '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 Copaur Minerals' 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 Copaur Minerals.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Copaur Minerals on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Copaur Minerals or generate 0.0% return on investment in Copaur Minerals over 270 days. Copaur Minerals is related to or competes with Cassiar Gold, Guanajuato Silver, AbraSilver Resource, Summa Silver, and Equity Metals. CopAur Minerals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral ... More
Copaur Minerals 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 Copaur Minerals' 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 Copaur Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 31.43 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Copaur Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copaur Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copaur Minerals' standard deviation. In reality, there are many statistical measures that can use Copaur Minerals historical prices to predict the future Copaur Minerals' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | 1.61 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Copaur Minerals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Copaur Minerals Backtested Returns
Copaur Minerals secures Sharpe Ratio (or Efficiency) of -0.0842, which signifies that the company had a -0.0842% return per unit of risk over the last 3 months. Copaur Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Copaur Minerals' Standard Deviation of 5.58, risk adjusted performance of (0.05), and Mean Deviation of 3.89 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Copaur Minerals are expected to decrease at a much lower rate. During the bear market, Copaur Minerals is likely to outperform the market. At this point, Copaur Minerals has a negative expected return of -0.48%. Please make sure to confirm Copaur Minerals' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Copaur Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Copaur Minerals has below average predictability. Overlapping area represents the amount of predictability between Copaur Minerals time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Copaur Minerals price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Copaur Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Copaur Minerals lagged returns against current returns
Autocorrelation, which is Copaur Minerals 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 Copaur Minerals' stock expected returns. We can calculate the autocorrelation of Copaur Minerals returns to help us make a trade decision. For example, suppose you find that Copaur Minerals 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 |
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Copaur Minerals 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 Copaur Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copaur Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copaur Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Copaur Minerals Lagged Returns
When evaluating Copaur Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copaur Minerals stock have on its future price. Copaur Minerals 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, Copaur Minerals autocorrelation shows the relationship between Copaur Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Copaur Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Copaur Stock Analysis
When running Copaur Minerals' price analysis, check to measure Copaur Minerals' 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 Copaur Minerals is operating at the current time. Most of Copaur Minerals' value examination focuses on studying past and present price action to predict the probability of Copaur Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copaur Minerals' price. Additionally, you may evaluate how the addition of Copaur Minerals to your portfolios can decrease your overall portfolio volatility.