Chakana Copper Corp Stock Market Value
| PERU Stock | CAD 0.03 0.01 20.00% |
| Symbol | Chakana |
Chakana Copper Corp Price To Book Ratio
Chakana 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 Chakana 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 Chakana Copper.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Chakana Copper on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Chakana Copper Corp or generate 0.0% return on investment in Chakana Copper over 90 days. Chakana Copper is related to or competes with Minaurum Gold, Dolly Varden, Santacruz Silv, and GoGold Resources. Chakana Copper Corp. engages in the acquisition, exploration, and development of mineral properties More
Chakana 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 Chakana 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 Chakana Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.07 | |||
| Information Ratio | 0.0105 | |||
| Maximum Drawdown | 45.24 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 20.0 |
Chakana Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chakana Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chakana Copper's standard deviation. In reality, there are many statistical measures that can use Chakana Copper historical prices to predict the future Chakana Copper's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.1417 | |||
| Total Risk Alpha | (1.39) | |||
| Sortino Ratio | 0.0056 | |||
| Treynor Ratio | 0.3339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chakana 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.
Chakana Copper Corp Backtested Returns
Chakana Copper appears to be out of control, given 3 months investment horizon. Chakana Copper Corp secures Sharpe Ratio (or Efficiency) of 0.025, which signifies that the company had a 0.025% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chakana Copper Corp, which you can use to evaluate the volatility of the firm. Please makes use of Chakana Copper's risk adjusted performance of 0.0281, and Mean Deviation of 5.26 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chakana Copper holds a performance score of 1. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chakana Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chakana Copper is expected to be smaller as well. Please check Chakana Copper's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chakana Copper's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Chakana Copper Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Chakana Copper time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Chakana Copper Corp price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Chakana Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chakana Copper Corp lagged returns against current returns
Autocorrelation, which is Chakana 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 Chakana Copper's stock expected returns. We can calculate the autocorrelation of Chakana Copper returns to help us make a trade decision. For example, suppose you find that Chakana 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 |
Chakana 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 Chakana Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chakana Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chakana Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Chakana Copper Lagged Returns
When evaluating Chakana Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chakana Copper stock have on its future price. Chakana 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, Chakana Copper autocorrelation shows the relationship between Chakana Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Chakana Copper Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Chakana Stock Analysis
When running Chakana Copper's price analysis, check to measure Chakana 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 Chakana Copper is operating at the current time. Most of Chakana Copper's value examination focuses on studying past and present price action to predict the probability of Chakana 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 Chakana Copper's price. Additionally, you may evaluate how the addition of Chakana Copper to your portfolios can decrease your overall portfolio volatility.