Coppercorp Resources Stock Market Value
| CPCPF Stock | USD 0.13 0.02 18.18% |
| Symbol | CopperCorp |
CopperCorp Resources '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 CopperCorp Resources' otc 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 CopperCorp Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CopperCorp Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CopperCorp Resources or generate 0.0% return on investment in CopperCorp Resources over 30 days. CopperCorp Resources is related to or competes with Copper Fox, First Quantum, Southern Copper, and Amerigo Resources. CopperCorp Resources Inc. engages in the exploration of mineral properties in Australia More
CopperCorp Resources 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 CopperCorp Resources' otc 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 CopperCorp Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.68 | |||
| Information Ratio | 0.1944 | |||
| Maximum Drawdown | 106.2 | |||
| Value At Risk | (15.47) | |||
| Potential Upside | 30.0 |
CopperCorp Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CopperCorp Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CopperCorp Resources' standard deviation. In reality, there are many statistical measures that can use CopperCorp Resources historical prices to predict the future CopperCorp Resources' volatility.| Risk Adjusted Performance | 0.1641 | |||
| Jensen Alpha | 3.34 | |||
| Total Risk Alpha | 0.7685 | |||
| Sortino Ratio | 0.3327 | |||
| Treynor Ratio | 135.77 |
CopperCorp Resources Backtested Returns
CopperCorp Resources is out of control given 3 months investment horizon. CopperCorp Resources secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.36% are justified by taking the suggested risk. Use CopperCorp Resources Downside Deviation of 9.68, mean deviation of 10.65, and Risk Adjusted Performance of 0.1641 to evaluate company specific risk that cannot be diversified away. CopperCorp Resources holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0246, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CopperCorp Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding CopperCorp Resources is expected to be smaller as well. Use CopperCorp Resources sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on CopperCorp Resources.
Auto-correlation | -0.15 |
Insignificant reverse predictability
CopperCorp Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between CopperCorp Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 CopperCorp Resources price movement. The serial correlation of -0.15 indicates that less than 15.0% of current CopperCorp Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CopperCorp Resources lagged returns against current returns
Autocorrelation, which is CopperCorp Resources otc 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 CopperCorp Resources' otc stock expected returns. We can calculate the autocorrelation of CopperCorp Resources returns to help us make a trade decision. For example, suppose you find that CopperCorp Resources has exhibited high autocorrelation historically, and you observe that the otc 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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CopperCorp Resources 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 CopperCorp Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CopperCorp Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CopperCorp Resources otc stock over time.
Current vs Lagged Prices |
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CopperCorp Resources Lagged Returns
When evaluating CopperCorp Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CopperCorp Resources otc stock have on its future price. CopperCorp Resources 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, CopperCorp Resources autocorrelation shows the relationship between CopperCorp Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in CopperCorp Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CopperCorp OTC Stock
CopperCorp Resources financial ratios help investors to determine whether CopperCorp OTC 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 CopperCorp with respect to the benefits of owning CopperCorp Resources security.