Copper 360's market value is the price at which a share of Copper 360 trades on a public exchange. It measures the collective expectations of Copper 360 investors about its performance. Copper 360 is trading at 292.00 as of the 25th of November 2024, a 4.26 percent decrease since the beginning of the trading day. The stock's lowest day price was 281.0. With this module, you can estimate the performance of a buy and hold strategy of Copper 360 and determine expected loss or profit from investing in Copper 360 over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
Copper
Copper 360 '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 360'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 Copper 360.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in Copper 360 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Copper 360 or generate 0.0% return on investment in Copper 360 over 30 days.
Copper 360 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 360'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 Copper 360 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copper 360's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copper 360's standard deviation. In reality, there are many statistical measures that can use Copper 360 historical prices to predict the future Copper 360's volatility.
Copper 360 secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Copper 360 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Copper 360's Risk Adjusted Performance of (0.07), standard deviation of 2.77, and Mean Deviation of 2.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Copper 360's returns are expected to increase less than the market. However, during the bear market, the loss of holding Copper 360 is expected to be smaller as well. At this point, Copper 360 has a negative expected return of -0.3%. Please make sure to confirm Copper 360's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Copper 360 performance from the past will be repeated at some point in the near future.
Auto-correlation
0.11
Insignificant predictability
Copper 360 has insignificant predictability. Overlapping area represents the amount of predictability between Copper 360 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Copper 360 price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Copper 360 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
189.36
Copper 360 lagged returns against current returns
Autocorrelation, which is Copper 360 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 Copper 360's stock expected returns. We can calculate the autocorrelation of Copper 360 returns to help us make a trade decision. For example, suppose you find that Copper 360 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
Copper 360 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 360 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copper 360 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copper 360 stock over time.
Current vs Lagged Prices
Timeline
Copper 360 Lagged Returns
When evaluating Copper 360's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copper 360 stock have on its future price. Copper 360 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 360 autocorrelation shows the relationship between Copper 360 stock current value and its past values and can show if there is a momentum factor associated with investing in Copper 360.
Regressed Prices
Timeline
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