Copper Road Resources Stock Market Value
| CRD Stock | CAD 0.01 0.01 25.00% |
| Symbol | Copper |
Copper Road '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 Road'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 Copper Road.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Copper Road on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Copper Road Resources or generate 0.0% return on investment in Copper Road over 570 days. Copper Road is related to or competes with Capstone Mining, Firan Technology, Algonquin Power, Richelieu Hardware, Summa Silver, Endeavour Silver, and NeXGold Mining. Coronado Resources Ltd. engages in the mineral exploration and development business in Canada. More
Copper Road 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 Road'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 Copper Road Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.42 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 228.57 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Copper Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copper Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copper Road's standard deviation. In reality, there are many statistical measures that can use Copper Road historical prices to predict the future Copper Road's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | 2.19 | |||
| Total Risk Alpha | 1.52 | |||
| Sortino Ratio | 0.0885 | |||
| Treynor Ratio | (3.43) |
Copper Road Resources Backtested Returns
Copper Road Resources secures Sharpe Ratio (or Efficiency) of -0.0674, which signifies that the company had a -0.0674 % return per unit of risk over the last 3 months. Copper Road Resources exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Copper Road's Risk Adjusted Performance of 0.0754, downside deviation of 24.42, and Mean Deviation of 10.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Copper Road are expected to decrease at a much lower rate. During the bear market, Copper Road is likely to outperform the market. At this point, Copper Road Resources has a negative expected return of -0.89%. Please make sure to confirm Copper Road's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Copper Road Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Copper Road Resources has virtually no predictability. Overlapping area represents the amount of predictability between Copper Road time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th 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 Copper Road Resources price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Copper Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Copper Road Resources lagged returns against current returns
Autocorrelation, which is Copper Road 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 Road's stock expected returns. We can calculate the autocorrelation of Copper Road returns to help us make a trade decision. For example, suppose you find that Copper Road 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 |
Copper Road 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 Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copper Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copper Road stock over time.
Current vs Lagged Prices |
| Timeline |
Copper Road Lagged Returns
When evaluating Copper Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copper Road stock have on its future price. Copper Road 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 Road autocorrelation shows the relationship between Copper Road stock current value and its past values and can show if there is a momentum factor associated with investing in Copper Road Resources.
Regressed Prices |
| Timeline |
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Additional Tools for Copper Stock Analysis
When running Copper Road's price analysis, check to measure Copper Road'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 Road is operating at the current time. Most of Copper Road's value examination focuses on studying past and present price action to predict the probability of Copper Road'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 Road's price. Additionally, you may evaluate how the addition of Copper Road to your portfolios can decrease your overall portfolio volatility.