Northwest Copper Corp Stock Statistic Functions Beta
| NWST Stock | CAD 0.15 0.01 7.14% |
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The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Northwest Copper Corp correlated with the market. If Beta is less than 0 Northwest Copper generally moves in the opposite direction as compared to the market. If Northwest Copper Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Northwest Copper Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Northwest Copper is generally in the same direction as the market. If Beta > 1 Northwest Copper moves generally in the same direction as, but more than the movement of the benchmark.
Northwest Copper Technical Analysis Modules
Most technical analysis of Northwest Copper help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northwest from various momentum indicators to cycle indicators. When you analyze Northwest charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Northwest Copper Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northwest Copper Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Northwest Copper Corp based on widely used predictive technical indicators. In general, we focus on analyzing Northwest Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Northwest Copper's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Northwest Copper's intrinsic value. In addition to deriving basic predictive indicators for Northwest Copper, we also check how macroeconomic factors affect Northwest Copper price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Interest Debt Per Share | 0.001138 | 0.001081 | Revenue Per Share | 0.031 | 0.0325 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northwest 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.
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Northwest Copper Corp pair trading
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 Northwest Copper 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 Northwest Copper will appreciate offsetting losses from the drop in the long position's value.Northwest Copper Pair Trading
Northwest Copper Corp Pair Trading Analysis
The ability to find closely correlated positions to Northwest Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northwest Copper 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 Northwest Copper - 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 Northwest Copper Corp to buy it.
The correlation of Northwest Copper 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 Northwest Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northwest Copper Corp 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 Northwest Copper 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.Additional Tools for Northwest Stock Analysis
When running Northwest Copper's price analysis, check to measure Northwest 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 Northwest Copper is operating at the current time. Most of Northwest Copper's value examination focuses on studying past and present price action to predict the probability of Northwest 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 Northwest Copper's price. Additionally, you may evaluate how the addition of Northwest Copper to your portfolios can decrease your overall portfolio volatility.