Highland Copper Stock Market Value
| HDRSF Stock | USD 0.07 0.01 9.09% |
| Symbol | Highland |
Highland 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 Highland Copper's 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 Highland Copper.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Highland Copper on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Highland Copper or generate 0.0% return on investment in Highland Copper over 30 days. Highland Copper is related to or competes with South32, NioCorp Developments, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Highland Copper Company Inc., together with its subsidiaries, engages in the acquisition, exploration, and development o... More
Highland 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 Highland Copper's 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 Highland Copper upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 7.4 |
Highland Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Copper's standard deviation. In reality, there are many statistical measures that can use Highland Copper historical prices to predict the future Highland Copper's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Highland 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.
Highland Copper Backtested Returns
At this point, Highland Copper is out of control. Highland Copper holds Efficiency (Sharpe) Ratio of 0.0064, which attests that the entity had a 0.0064% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Highland Copper, which you can use to evaluate the volatility of the firm. Please check out Highland Copper's Market Risk Adjusted Performance of (0.07), risk adjusted performance of 0.0027, and Standard Deviation of 4.35 to validate if the risk estimate we provide is consistent with the expected return of 0.0283%. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highland Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Copper is expected to be smaller as well. Highland Copper right now retains a risk of 4.4%. Please check out Highland Copper treynor ratio and the relationship between the skewness and price action indicator , to decide if Highland Copper will be following its current trending patterns.
Auto-correlation | 0.33 |
Below average predictability
Highland Copper has below average predictability. Overlapping area represents the amount of predictability between Highland Copper time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Highland Copper price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Highland Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Highland Copper lagged returns against current returns
Autocorrelation, which is Highland Copper 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 Highland Copper's otc stock expected returns. We can calculate the autocorrelation of Highland Copper returns to help us make a trade decision. For example, suppose you find that Highland Copper 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 |
| Timeline |
Highland 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 Highland Copper otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Copper otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Copper otc stock over time.
Current vs Lagged Prices |
| Timeline |
Highland Copper Lagged Returns
When evaluating Highland Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Copper otc stock have on its future price. Highland 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, Highland Copper autocorrelation shows the relationship between Highland Copper otc stock current value and its past values and can show if there is a momentum factor associated with investing in Highland Copper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Highland OTC Stock
Highland Copper financial ratios help investors to determine whether Highland 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 Highland with respect to the benefits of owning Highland Copper security.