Copper Fox Correlations
| CPFXF Stock | USD 0.16 0.02 14.29% |
The correlation of Copper Fox is a statistical measure of how it moves in relation to other equities. 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 Copper Fox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copper Fox Metals 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copper Fox Metals. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in banks. Copper |
The ability to find closely correlated positions to Copper Fox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copper Fox 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 Copper Fox - 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 Copper Fox Metals to buy it.
Moving together with Copper OTC Stock
| + | 0.66 | PCTTW | PureCycle Technologies | PairCorr | ||
| + | 0.8 | TLKMF | Telkom Indonesia Tbk | PairCorr | ||
| + | 0.81 | TLK | Telkom Indonesia Tbk | Financial Report 27th of October 2023 | PairCorr | |
| + | 0.66 | PTAIY | Astra International Tbk | PairCorr |
Moving against Copper OTC Stock
| - | 0.88 | CHKEZ | Chesapeake Energy | PairCorr | ||
| - | 0.81 | CHKEW | Chesapeake Energy | PairCorr | ||
| - | 0.77 | ADVWW | Advantage Solutions | PairCorr | ||
| - | 0.74 | EC | Ecopetrol SA ADR | Report 8th of November 2023 | PairCorr | |
| - | 0.68 | MAPSW | WM Technology | PairCorr | ||
| - | 0.6 | CHKEL | Chesapeake Energy | PairCorr | ||
| - | 0.52 | PTITF | PT Indosat Tbk | PairCorr | ||
| - | 0.42 | CNF | CNFinance Holdings | Report 28th of November 2023 | PairCorr | |
| - | 0.76 | CAT | Caterpillar | Report 26th of October 2023 | PairCorr |
Related Correlations Analysis
INTC | FMCDX | EVER | GAL | KNG | COKE | VSGAX | ||
INTC | -0.06 | -0.43 | 0.06 | -0.03 | 0.1 | -0.05 | INTC | |
FMCDX | -0.06 | 0.6 | -0.12 | 0.96 | -0.09 | 0.97 | FMCDX | |
EVER | -0.43 | 0.6 | -0.07 | 0.56 | -0.26 | 0.64 | EVER | |
GAL | 0.06 | -0.12 | -0.07 | -0.24 | -0.57 | -0.13 | GAL | |
KNG | -0.03 | 0.96 | 0.56 | -0.24 | 0.09 | 0.9 | KNG | |
COKE | 0.1 | -0.09 | -0.26 | -0.57 | 0.09 | -0.21 | COKE | |
VSGAX | -0.05 | 0.97 | 0.64 | -0.13 | 0.9 | -0.21 | VSGAX | |
INTC | FMCDX | EVER | GAL | KNG | COKE | VSGAX |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Copper OTC Stock performing well and Copper Fox OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Copper Fox's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| INTC | 1.68 | 0.15 | 0.06 | 0.06 | 2.32 | 0.06 | (1.57) | 3.31 | (3.92) | 11.13 |
| FMCDX | 0.64 | (0.02) | 0.00 | (0.04) | 0.00 | (0.0291) | 0.00 | 1.10 | (1.50) | 3.46 |
| EVER | 1.89 | (0.47) | 0.00 | (1.33) | 0.00 | (0.17) | 0.00 | 3.02 | (4.43) | 13.92 |
| GAL | 2.48 | 0.12 | 0.04 | 0.13 | 2.91 | 0.0404 | (2.84) | 4.46 | (4.44) | 17.77 |
| KNG | 0.42 | (0.04) | 0.00 | (0.08) | 0.00 | (0.06) | 0.00 | 0.82 | (1.04) | 2.41 |
| COKE | 1.41 | 0.00 | 0.01 | (0.03) | 1.57 | 0.0096 | (1.72) | 2.64 | (2.80) | 17.75 |
| VSGAX | 0.80 | (0.04) | 0.00 | (0.06) | 0.00 | (0.05) | 0.00 | 1.29 | (1.75) | 4.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Copper Fox without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Copper Fox Corporate Directors
Copper Fox corporate directors refer to members of a Copper Fox board of directors. The board of directors generally takes responsibility for the Copper Fox's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Copper Fox's board members must vote for the resolution. The Copper Fox board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ernesto Salazar | Independent Director | Profile | |
| Michael Smith | Director | Profile | |
| Erik Koudstaal | Independent Director | Profile | |
| Hector MacKayDunn | Independent Director | Profile |
Already Invested in Copper Fox Metals?
The danger of trading Copper Fox Metals is mainly related to its market volatility and OTC Stock specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Copper Fox is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Copper Fox. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Copper Fox Metals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copper Fox Metals. Also, note that the market value of any OTC Stock could be tightly coupled with the direction of predictive economic indicators such as signals in banks. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Copper OTC Stock analysis
When running Copper Fox's price analysis, check to measure Copper Fox'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 Copper Fox is operating at the current time. Most of Copper Fox's value examination focuses on studying past and present price action to predict the probability of Copper Fox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copper Fox's price. Additionally, you may evaluate how the addition of Copper Fox to your portfolios can decrease your overall portfolio volatility.
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