Copperbank Resources Corp Stock Market Value
| CPPKF Stock | USD 0.64 0.03 4.48% |
| Symbol | Copperbank |
Copperbank 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 Copperbank 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 Copperbank Resources.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Copperbank Resources on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Copperbank Resources Corp or generate 0.0% return on investment in Copperbank Resources over 720 days. Copperbank Resources is related to or competes with CopperCorp Resources, Copper Fox, First Quantum, Southern Copper, Amerigo Resources, and Capstone Copper. Faraday Copper Corp., an exploration stage company, engages in the acquisition and development of mineral properties in ... More
Copperbank 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 Copperbank 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 Copperbank Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 7.0E-4 | |||
| Maximum Drawdown | 12.05 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 3.7 |
Copperbank Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copperbank Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copperbank Resources' standard deviation. In reality, there are many statistical measures that can use Copperbank Resources historical prices to predict the future Copperbank Resources' volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | 0.1253 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 6.0E-4 | |||
| Treynor Ratio | (5.74) |
Copperbank Resources Corp Backtested Returns
At this point, Copperbank Resources is extremely dangerous. Copperbank Resources Corp secures Sharpe Ratio (or Efficiency) of 0.0509, which signifies that the company had a 0.0509% return per unit of risk over the last 3 months. We have found thirty technical indicators for Copperbank Resources Corp, which you can use to evaluate the volatility of the firm. Please confirm Copperbank Resources' Downside Deviation of 3.48, mean deviation of 1.98, and Risk Adjusted Performance of 0.0454 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Copperbank Resources has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0214, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Copperbank Resources are expected to decrease at a much lower rate. During the bear market, Copperbank Resources is likely to outperform the market. Copperbank Resources Corp right now shows a risk of 2.68%. Please confirm Copperbank Resources Corp sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Copperbank Resources Corp will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Copperbank Resources Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Copperbank Resources time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Copperbank Resources Corp price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Copperbank Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Copperbank Resources Corp lagged returns against current returns
Autocorrelation, which is Copperbank 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 Copperbank Resources' otc stock expected returns. We can calculate the autocorrelation of Copperbank Resources returns to help us make a trade decision. For example, suppose you find that Copperbank 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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Copperbank 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 Copperbank Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copperbank 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 Copperbank Resources otc stock over time.
Current vs Lagged Prices |
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Copperbank Resources Lagged Returns
When evaluating Copperbank Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copperbank Resources otc stock have on its future price. Copperbank 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, Copperbank Resources autocorrelation shows the relationship between Copperbank Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Copperbank Resources Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Copperbank OTC Stock
Copperbank Resources financial ratios help investors to determine whether Copperbank 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 Copperbank with respect to the benefits of owning Copperbank Resources security.