Copper OTC Stock Market Value
| CPFXF Stock | USD 0.16 0.02 14.29% |
| Symbol | Copper |
Copper Fox '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 Copper Fox's otc 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 Copper Fox.
| 10/10/2021 |
| 09/30/2023 |
If you would invest 0.00 in Copper Fox on October 10, 2021 and sell it all today you would earn a total of 0.00 from holding Copper Fox Metals or generate 0.0% return on investment in Copper Fox over 720 days. Copper Fox is related to or competes with Intel, FIDELITY ADVISOR, Galxe, FT Cboe, Coca Cola, and VANGUARD SMALL. Copper Fox Metals Inc., a resource company, engages in the exploration and development of copper mineral properties in C... More
Copper Fox 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 Copper Fox's otc 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 Copper Fox Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.008228) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.67 |
Copper Fox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copper Fox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copper Fox's standard deviation. In reality, there are many statistical measures that can use Copper Fox historical prices to predict the future Copper Fox's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1654 | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Copper Fox'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. Please use the tools below to analyze the current value of Copper Fox in the context of predictive analytics.
Copper Fox Metals Backtested Returns
Copper Fox Metals secures Sharpe Ratio (or Efficiency) of -0.0302, which signifies that the company had -0.0302% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Copper Fox Metals exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Copper Fox Metals Risk Adjusted Performance of 0.0012, standard deviation of 4.9, and Mean Deviation of 2.71 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6011, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Copper Fox returns are expected to increase less than the market. However, during the bear market, the loss on holding Copper Fox will be expected to be smaller as well. Even though it is essential to pay attention to Copper Fox Metals historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Copper Fox Metals exposes fifteen different technical indicators, which can help you to evaluate its performance. Copper Fox Metals has an expected return of -0.15%. Please make sure to confirm Copper Fox Metals variance and value at risk to decide if Copper Fox Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Copper Fox Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between Copper Fox time series from 10th of October 2021 to 5th of October 2022 and 5th of October 2022 to 30th of September 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Copper Fox Metals price movement. The serial correlation of -0.2 indicates that over 20.0% of current Copper Fox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Copper Fox Metals lagged returns against current returns
Autocorrelation, which is Copper Fox otc 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 Copper Fox's otc stock expected returns. We can calculate the autocorrelation of Copper Fox returns to help us make a trade decision. For example, suppose you find that Copper Fox otc stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Copper Fox 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 Copper Fox otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copper Fox otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copper Fox otc stock over time.
Current vs Lagged Prices |
| Timeline |
Copper Fox Lagged Returns
When evaluating Copper Fox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copper Fox otc stock have on its future price. Copper Fox 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, Copper Fox autocorrelation shows the relationship between Copper Fox otc stock current value and its past values and can show if there is a momentum factor associated with investing in Copper Fox Metals.
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 Copper Fox 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, Copper Fox's short interest history, or implied volatility extrapolated from Copper Fox options trading.
Pair Trading with Copper Fox
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 Copper Fox 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 Copper Fox will appreciate offsetting losses from the drop in the long position's value.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 |
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.
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.
Correlation analysis and pair trading evaluation for Copper Fox 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.Check out Copper Fox Correlation, Copper Fox Volatility and Copper Fox Alpha and Beta module to complement your research on Copper Fox. You can also try the Bond Directory module to find actively traded corporate debentures issued by US companies.
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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Copper Fox technical otc 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, otc market cycles, or different charting patterns.