CopperCorp Resources Correlations
| CPCPF Stock | USD 0.15 0.01 6.25% |
The current 90-days correlation between CopperCorp Resources and Bell Copper is -0.18 (i.e., Good diversification). The correlation of CopperCorp Resources 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
CopperCorp Resources Correlation With Market
Significant diversification
The correlation between CopperCorp Resources and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CopperCorp Resources and DJI in the same portfolio, assuming nothing else is changed.
CopperCorp |
The ability to find closely correlated positions to CopperCorp Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CopperCorp Resources 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 CopperCorp Resources - 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 CopperCorp Resources to buy it.
Moving together with CopperCorp OTC Stock
| 0.76 | KGHPF | KGHM Polska Miedz | PairCorr |
| 0.85 | FNMFO | Federal National Mortgage | PairCorr |
| 0.8 | AVAL | Grupo Aval | PairCorr |
| 0.62 | CIB | Bancolombia SA ADR | PairCorr |
| 0.8 | FUND | Sprott Focus Trust | PairCorr |
| 0.63 | OXLC | Oxford Lane Capital | PairCorr |
| 0.67 | WULF | Terawulf Trending | PairCorr |
| 0.9 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | AXON | Axon Enterprise | PairCorr |
| 0.67 | SECYF | Secure Energy Services | PairCorr |
| 0.64 | SNAP | Snap Inc | PairCorr |
| 0.88 | IONQ | IONQ Inc Trending | PairCorr |
| 0.92 | KULR | KULR Technology Group Buyout Trend | PairCorr |
| 0.81 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.83 | MSTR | MicroStrategy Incorporated | PairCorr |
| 0.9 | BFLY | Butterfly Network | PairCorr |
| 0.87 | MTLS | Materialise NV | PairCorr |
| 0.78 | KTB | Kontoor Brands | PairCorr |
| 0.79 | FDP | Fresh Del Monte | PairCorr |
| 0.95 | ET | Energy Transfer LP | PairCorr |
| 0.81 | CRS | Carpenter Technology | PairCorr |
Moving against CopperCorp OTC Stock
| 0.8 | SHG | Shinhan Financial | PairCorr |
| 0.7 | FCX | Freeport McMoran Copper Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | BCH | Banco De Chile | PairCorr |
| 0.6 | ANFGF | Antofagasta PLC | PairCorr |
| 0.51 | WF | Woori Financial Group | PairCorr |
| 0.45 | IQ | iQIYI Inc | PairCorr |
| 0.44 | WETH | Wetouch Technology Common | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between CopperCorp OTC Stock performing well and CopperCorp Resources 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 CopperCorp Resources' 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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPFXF | 4.11 | 0.14 | 0.01 | (0.33) | 3.98 | 11.11 | 41.54 | |||
| IPMLF | 1.46 | (0.12) | 0.00 | (0.59) | 0.00 | 4.08 | 14.13 | |||
| BCUFF | 10.84 | 1.07 | 0.05 | 0.62 | 13.89 | 29.09 | 148.32 | |||
| ASCUF | 2.05 | (0.25) | 0.00 | (0.28) | 0.00 | 5.31 | 12.39 | |||
| DRCMF | 6.09 | 1.10 | 0.10 | (5.67) | 6.05 | 19.18 | 56.98 | |||
| CPPMF | 5.80 | (0.78) | 0.00 | (0.99) | 0.00 | 12.50 | 46.67 | |||
| ARREF | 1.60 | (0.02) | (0.03) | 0.00 | 1.66 | 3.94 | 11.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CopperCorp Resources 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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CopperCorp Resources Corporate Management
Elected by the shareholders, the CopperCorp Resources' board of directors comprises two types of representatives: CopperCorp Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CopperCorp. The board's role is to monitor CopperCorp Resources' management team and ensure that shareholders' interests are well served. CopperCorp Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CopperCorp Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| CA CFA | Chief Officer | Profile | |
| Danica Topolewski | Co Sec | Profile | |
| Sean Westbrook | VP Founder | Profile | |
| Eoin Saadien | Founder Chairman | Profile | |
| Samuel Garrett | Founder Director | Profile | |
| BSc FSEG | Founder Advisor | Profile | |
| Stephen MSc | CEO Director | Profile |