Dore Copper Mining Stock Market Value
| DCMC Stock | CAD 0.14 0.00 0.00% |
| Symbol | Dore |
Dore Copper Mining Price To Book Ratio
Dore Copper '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 Dore Copper'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 Dore Copper.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Dore Copper on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dore Copper Mining or generate 0.0% return on investment in Dore Copper over 30 days. Dore Copper is related to or competes with First Majestic, and Ivanhoe Energy. Dor Copper Mining Corp. explores for and develops copper and gold deposits in Canada More
Dore Copper 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 Dore Copper'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 Dore Copper Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.65 | |||
| Information Ratio | 0.0689 | |||
| Maximum Drawdown | 67.29 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 11.11 |
Dore Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dore Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dore Copper's standard deviation. In reality, there are many statistical measures that can use Dore Copper historical prices to predict the future Dore Copper's volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.6842 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0501 | |||
| Treynor Ratio | 4.72 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dore Copper'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.
Dore Copper Mining Backtested Returns
Dore Copper appears to be out of control, given 3 months investment horizon. Dore Copper Mining secures Sharpe Ratio (or Efficiency) of 0.0867, which denotes the company had a 0.0867% return per unit of risk over the last 3 months. By reviewing Dore Copper's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize Dore Copper's Mean Deviation of 4.62, coefficient of variation of 1189.56, and Downside Deviation of 11.65 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dore Copper holds a performance score of 6. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Dore Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dore Copper is expected to be smaller as well. Please check Dore Copper's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Dore Copper's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Dore Copper Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dore Copper 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 Dore Copper Mining price movement. The serial correlation of -0.19 indicates that over 19.0% of current Dore Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dore Copper Mining lagged returns against current returns
Autocorrelation, which is Dore Copper 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 Dore Copper's stock expected returns. We can calculate the autocorrelation of Dore Copper returns to help us make a trade decision. For example, suppose you find that Dore Copper 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 |
Dore Copper 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 Dore Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dore Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dore Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Dore Copper Lagged Returns
When evaluating Dore Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dore Copper stock have on its future price. Dore Copper 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, Dore Copper autocorrelation shows the relationship between Dore Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Dore Copper Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Dore Stock Analysis
When running Dore Copper's price analysis, check to measure Dore Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dore Copper is operating at the current time. Most of Dore Copper's value examination focuses on studying past and present price action to predict the probability of Dore Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dore Copper's price. Additionally, you may evaluate how the addition of Dore Copper to your portfolios can decrease your overall portfolio volatility.