Copper Mountain Mining Stock Market Value
| CPPMF Stock | USD 0.23 0.02 9.52% |
| Symbol | Copper |
Copper Mountain '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 Copper Mountain's pink sheet 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 Copper Mountain.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Copper Mountain on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Copper Mountain Mining or generate 0.0% return on investment in Copper Mountain over 30 days. Copper Mountain is related to or competes with Ero Copper, Copper Fox, First Quantum, Hudbay Minerals, Southern Copper, Amerigo Resources, and Capstone Copper. Copper Mountain Mining Corporation operates as a mining company in Canada More
Copper Mountain 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 Copper Mountain's pink sheet 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 Copper Mountain Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.05 | |||
| Information Ratio | 0.0526 | |||
| Maximum Drawdown | 57.5 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 16.67 |
Copper Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copper Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copper Mountain's standard deviation. In reality, there are many statistical measures that can use Copper Mountain historical prices to predict the future Copper Mountain's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.3923 | |||
| Total Risk Alpha | (0.86) | |||
| Sortino Ratio | 0.049 | |||
| Treynor Ratio | 0.3354 |
Copper Mountain Mining Backtested Returns
Copper Mountain appears to be out of control, given 3 months investment horizon. Copper Mountain Mining secures Sharpe Ratio (or Efficiency) of 0.059, which signifies that the company had a 0.059% return per unit of risk over the last 3 months. By analyzing Copper Mountain's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of Copper Mountain's Risk Adjusted Performance of 0.0602, mean deviation of 6.33, and Downside Deviation of 10.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Copper Mountain holds a performance score of 4. The firm shows a Beta (market volatility) of 1.83, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Copper Mountain will likely underperform. Please check Copper Mountain's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Copper Mountain's price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Copper Mountain Mining has insignificant predictability. Overlapping area represents the amount of predictability between Copper Mountain time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Copper Mountain Mining price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Copper Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Copper Mountain Mining lagged returns against current returns
Autocorrelation, which is Copper Mountain pink sheet'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 Copper Mountain's pink sheet expected returns. We can calculate the autocorrelation of Copper Mountain returns to help us make a trade decision. For example, suppose you find that Copper Mountain has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Copper Mountain 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 Copper Mountain pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copper Mountain pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copper Mountain pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Copper Mountain Lagged Returns
When evaluating Copper Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copper Mountain pink sheet have on its future price. Copper Mountain 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, Copper Mountain autocorrelation shows the relationship between Copper Mountain pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Copper Mountain Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Copper Pink Sheet
Copper Mountain financial ratios help investors to determine whether Copper Pink Sheet 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 Copper with respect to the benefits of owning Copper Mountain security.