Western Copper And Stock Market Value
| WRN Stock | USD 1.40 0.01 0.71% |
| Symbol | Western |
Western Copper Price To Book Ratio
Is Western Copper's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Copper. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Copper listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (0.02) | Return On Equity (0.03) |
The market value of Western Copper is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Copper's value that differs from its market value or its book value, called intrinsic value, which is Western Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Copper's market value can be influenced by many factors that don't directly affect Western Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western 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 Western 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 Western Copper.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Western Copper on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Western Copper and or generate 0.0% return on investment in Western Copper over 30 days. Western Copper is related to or competes with Vale SA, and Ameriwest Lithium. Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral... More
Western 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 Western 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 Western Copper and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0384 | |||
| Maximum Drawdown | 26.74 | |||
| Value At Risk | (5.94) | |||
| Potential Upside | 10.43 |
Western Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Copper's standard deviation. In reality, there are many statistical measures that can use Western Copper historical prices to predict the future Western Copper's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.1603 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0498 | |||
| Treynor Ratio | 0.1603 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western 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.
Western Copper Backtested Returns
Western Copper appears to be dangerous, given 3 months investment horizon. Western Copper shows Sharpe Ratio of 0.1, which attests that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Copper, which you can use to evaluate the volatility of the company. Please utilize Western Copper's Downside Deviation of 3.63, mean deviation of 3.16, and Market Risk Adjusted Performance of 0.1703 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Copper holds a performance score of 7. The firm maintains a market beta of 1.43, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Copper will likely underperform. Please check Western Copper's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Western Copper's historical returns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Western Copper and has good reverse predictability. Overlapping area represents the amount of predictability between Western Copper time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th of April 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 Western Copper price movement. The serial correlation of -0.54 indicates that about 54.0% of current Western Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Copper lagged returns against current returns
Autocorrelation, which is Western 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 Western Copper's stock expected returns. We can calculate the autocorrelation of Western Copper returns to help us make a trade decision. For example, suppose you find that Western 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 |
Western 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 Western Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Western Copper Lagged Returns
When evaluating Western Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Copper stock have on its future price. Western 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, Western Copper autocorrelation shows the relationship between Western Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Western Copper and.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Western Copper in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Western Copper's short interest history, or implied volatility extrapolated from Western Copper options trading.
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Check out Western Copper Correlation, Western Copper Volatility and Western Copper Alpha and Beta module to complement your research on Western Copper. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Western Copper's price analysis, check to measure Western 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 Western Copper is operating at the current time. Most of Western Copper's value examination focuses on studying past and present price action to predict the probability of Western 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 Western Copper's price. Additionally, you may evaluate how the addition of Western Copper to your portfolios can decrease your overall portfolio volatility.
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Western 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.