Copper Fox Metals Stock Market Value
CPFXF Stock | USD 0.18 0.01 5.88% |
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.
03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Copper Fox on March 27, 2024 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 30 days. Copper Fox is related to or competes with Adriatic Metals, and Amarc Resources. 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.
Downside Deviation | 9.27 | |||
Information Ratio | 0.1001 | |||
Maximum Drawdown | 27.15 | |||
Value At Risk | (7.69) | |||
Potential Upside | 8.33 |
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 | 0.0812 | |||
Jensen Alpha | 0.5564 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0605 | |||
Treynor Ratio | 0.6044 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Copper Fox Metals Backtested Returns
Copper Fox appears to be out of control, given 3 months investment horizon. Copper Fox Metals secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Copper Fox's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Copper Fox's Mean Deviation of 3.81, downside deviation of 9.27, and Risk Adjusted Performance of 0.0812 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Copper Fox holds a performance score of 9. The firm shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Copper Fox returns are very sensitive to returns on the market. As the market goes up or down, Copper Fox is expected to follow. Please check Copper Fox's sortino ratio and the relationship between the potential upside and day median price , to make a quick decision on whether Copper Fox's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Copper Fox Metals has modest predictability. Overlapping area represents the amount of predictability between Copper Fox time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Copper Fox Metals price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Copper Fox price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.58 | |
Spearman Rank Test | 0.76 | |
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 has exhibited high autocorrelation historically, and you observe that the otc 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 |
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 |
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 together with Copper OTC Stock
0.8 | CHKEW | Chesapeake Energy | PairCorr |
Moving against Copper OTC Stock
0.79 | ASTSW | AST SpaceMobile | 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 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 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 Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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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.