Western Copper (Germany) Market Value
| 31WN Stock | EUR 1.04 0.01 0.97% |
| Symbol | Western |
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.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Western Copper on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Western Copper and or generate 0.0% return on investment in Western Copper over 720 days. Western Copper is related to or competes with Playa Hotels, Playtech Plc, INTERSHOP Communications, Rogers Communications, and Iridium Communications. Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral... 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 Copper and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 24.8 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.76 |
Western Copper Market Risk Indicators
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.| Risk Adjusted Performance | 0.034 | |||
| Jensen Alpha | 0.0606 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2757 |
Western Copper Backtested Returns
At this point, Western Copper is dangerous. Western Copper shows Sharpe Ratio of 0.0302, which attests that the company had a 0.0302% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Copper, which you can use to evaluate the volatility of the company. Please check out Western Copper's Mean Deviation of 2.22, market risk adjusted performance of 0.2857, and Downside Deviation of 3.58 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Western Copper has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Western Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Copper is expected to be smaller as well. Western Copper right now maintains a risk of 3.37%. Please check out Western Copper standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Western Copper will be following its historical returns.
Auto-correlation | 0.52 |
Modest predictability
Western Copper and has modest predictability. Overlapping area represents the amount of predictability between Western Copper time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 Western Copper price movement. The serial correlation of 0.52 indicates that about 52.0% of current Western Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
| Timeline |
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 |
| Timeline |
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 Copper and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Western Stock
When determining whether Western Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Copper And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Copper And Stock:Check out Western Copper Correlation, Western Copper Volatility and Western Copper Alpha and Beta module to complement your research on Western Copper. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Western Copper technical 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, stock market cycles, or different charting patterns.