WESTERN COPPER (Germany) Market Value
| 31WN Stock | 1.03 0.01 0.96% |
| 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.
| 11/06/2024 |
| 01/05/2025 |
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 BOS BETTER, Lamar Advertising, Scottish Mortgage, PACIFIC ONLINE, CDL INVESTMENT, WisdomTree Investments, and PennyMac Mortgage. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.83 |
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 | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.4579 |
WESTERN COPPER Backtested Returns
WESTERN COPPER shows Sharpe Ratio of -0.0259, which attests that the company had a -0.0259% return per unit of risk over the last 3 months. WESTERN COPPER exposes twenty-four 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 0.4679, mean deviation of 1.84, and Standard Deviation of 2.47 to validate the risk estimate we provide. The firm maintains a market beta of -0.16, which attests to not very significant fluctuations relative to the market. 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 -0.0641%. Please make sure to check out WESTERN COPPER's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if WESTERN COPPER performance from the past will be repeated at future time.
Auto-correlation | -0.35 |
Poor reverse predictability
WESTERN PER has poor 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 -0.35 indicates that nearly 35.0% of current WESTERN COPPER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 PER.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for WESTERN Stock Analysis
When running WESTERN COPPER's price analysis, check to measure WESTERN COPPER'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 WESTERN COPPER is operating at the current time. Most of WESTERN COPPER's value examination focuses on studying past and present price action to predict the probability of WESTERN COPPER's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WESTERN COPPER's price. Additionally, you may evaluate how the addition of WESTERN COPPER to your portfolios can decrease your overall portfolio volatility.