Cuprum (Chile) Market Value
| CUPRUM Stock | CLP 51.79 1.89 3.79% |
| Symbol | Cuprum |
Cuprum '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 Cuprum'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 Cuprum.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Cuprum on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Cuprum or generate 0.0% return on investment in Cuprum over 390 days. Cuprum is related to or competes with Banco De, LATAM Airlines, and Multiexport Foods. Administradora de Fondos de Pensiones Cuprum S.A More
Cuprum 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 Cuprum'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 Cuprum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.76 |
Cuprum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cuprum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cuprum's standard deviation. In reality, there are many statistical measures that can use Cuprum historical prices to predict the future Cuprum's volatility.| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | 0.0243 | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cuprum's 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.
Cuprum Backtested Returns
At this point, Cuprum is very steady. Cuprum secures Sharpe Ratio (or Efficiency) of 0.0703, which signifies that the company had a 0.0703% return per unit of risk over the last 3 months. We have found twenty technical indicators for Cuprum, which you can use to evaluate the volatility of the firm. Please confirm Cuprum's Mean Deviation of 0.269, standard deviation of 1.15, and Risk Adjusted Performance of 0.0203 to double-check if the risk estimate we provide is consistent with the expected return of 0.0913%. Cuprum has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0873, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cuprum are expected to decrease at a much lower rate. During the bear market, Cuprum is likely to outperform the market. Cuprum right now shows a risk of 1.3%. Please confirm Cuprum variance, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Cuprum will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Cuprum has weak reverse predictability. Overlapping area represents the amount of predictability between Cuprum time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Cuprum price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Cuprum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Cuprum lagged returns against current returns
Autocorrelation, which is Cuprum 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 Cuprum's stock expected returns. We can calculate the autocorrelation of Cuprum returns to help us make a trade decision. For example, suppose you find that Cuprum 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 |
Cuprum 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 Cuprum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cuprum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cuprum stock over time.
Current vs Lagged Prices |
| Timeline |
Cuprum Lagged Returns
When evaluating Cuprum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cuprum stock have on its future price. Cuprum 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, Cuprum autocorrelation shows the relationship between Cuprum stock current value and its past values and can show if there is a momentum factor associated with investing in Cuprum.
Regressed Prices |
| Timeline |
Pair Trading with Cuprum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cuprum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cuprum will appreciate offsetting losses from the drop in the long position's value.Moving against Cuprum Stock
| 0.56 | AFPCAPITAL | AFP Capital SA | PairCorr |
The ability to find closely correlated positions to Cuprum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cuprum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cuprum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cuprum to buy it.
The correlation of Cuprum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cuprum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cuprum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cuprum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Cuprum Stock
Cuprum financial ratios help investors to determine whether Cuprum 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 Cuprum with respect to the benefits of owning Cuprum security.