Southern Copper (Germany) Market Value
| PCU Stock | EUR 98.36 3.19 3.14% |
| Symbol | Southern |
Southern 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 Southern 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 Southern Copper.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Southern Copper on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Copper or generate 0.0% return on investment in Southern Copper over 30 days. Southern Copper is related to or competes with Sandfire Resources, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, and BANK HANDLOWY. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexi... More
Southern 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 Southern 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 Southern Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 18.01 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 6.17 |
Southern Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Copper's standard deviation. In reality, there are many statistical measures that can use Southern Copper historical prices to predict the future Southern Copper's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.1563 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.046 | |||
| Treynor Ratio | 0.3352 |
Southern Copper Backtested Returns
Southern Copper appears to be very steady, given 3 months investment horizon. Southern Copper owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0769, which indicates the firm had a 0.0769% return per unit of risk over the last 3 months. We have found thirty technical indicators for Southern Copper, which you can use to evaluate the volatility of the company. Please review Southern Copper's Semi Deviation of 2.42, risk adjusted performance of 0.0726, and Coefficient Of Variation of 1107.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Southern Copper holds a performance score of 6. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Southern Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Copper is expected to be smaller as well. Please check Southern Copper's maximum drawdown, semi variance, accumulation distribution, as well as the relationship between the potential upside and skewness , to make a quick decision on whether Southern Copper's existing price patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Southern Copper has weak predictability. Overlapping area represents the amount of predictability between Southern Copper time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Southern Copper price movement. The serial correlation of 0.22 indicates that over 22.0% of current Southern Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 4.39 |
Southern Copper lagged returns against current returns
Autocorrelation, which is Southern 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 Southern Copper's stock expected returns. We can calculate the autocorrelation of Southern Copper returns to help us make a trade decision. For example, suppose you find that Southern 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 |
Southern 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 Southern Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Copper Lagged Returns
When evaluating Southern Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Copper stock have on its future price. Southern 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, Southern Copper autocorrelation shows the relationship between Southern Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Copper.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Southern Stock
When determining whether Southern Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Southern Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Southern Copper Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Southern Copper Stock:Check out Southern Copper Correlation, Southern Copper Volatility and Southern Copper Alpha and Beta module to complement your research on Southern Copper. For more detail on how to invest in Southern Stock please use our How to Invest in Southern Copper guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Southern Copper technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.