WESTERN COPPER's market value is the price at which a share of WESTERN COPPER trades on a public exchange. It measures the collective expectations of WESTERN PER investors about its performance. WESTERN COPPER is trading at 1.03 as of the 5th of January 2025, a 5.10% increase since the beginning of the trading day. The stock's lowest day price was 1.03. With this module, you can estimate the performance of a buy and hold strategy of WESTERN PER and determine expected loss or profit from investing in WESTERN COPPER over a given investment horizon. Check out WESTERN COPPER Correlation, WESTERN COPPER Volatility and WESTERN COPPER Alpha and Beta module to complement your research on WESTERN COPPER.
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.
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11/06/2024
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In 2 months and 1 day
01/05/2025
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If you would invest 0.00 in WESTERN COPPER on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding WESTERN PER or generate 0.0% return on investment in WESTERN COPPER over 60 days. WESTERN COPPER is related to or competes with Bausch Health, Salesforce, FEMALE HEALTH, Ryman Healthcare, and FAST RETAIL. 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 PER upside and downside potential and time the market with a certain degree of confidence.
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.
WESTERN COPPER shows Sharpe Ratio of -0.0209, which attests that the company had a -0.0209% return per unit of risk over the last 3 months. WESTERN COPPER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WESTERN COPPER's Market Risk Adjusted Performance of 0.2066, standard deviation of 2.72, and Mean Deviation of 1.74 to validate the risk estimate we provide. The firm maintains a market beta of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WESTERN COPPER are expected to decrease at a much lower rate. During the bear market, WESTERN COPPER is likely to outperform the market. At this point, WESTERN COPPER has a negative expected return of -0.0569%. Please make sure to check out WESTERN COPPER's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if WESTERN COPPER performance from the past will be repeated at future time.
Auto-correlation
-0.04
Very weak reverse predictability
WESTERN PER has very weak reverse predictability. Overlapping area represents the amount of predictability between WESTERN COPPER time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 2025. 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 -0.04 indicates that only as little as 4.0% of current WESTERN COPPER price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.04
Spearman Rank Test
-0.19
Residual Average
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Price Variance
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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
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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
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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 PER.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
WESTERN COPPER financial ratios help investors to determine whether WESTERN Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WESTERN with respect to the benefits of owning WESTERN COPPER security.