Highland Copper Stock Market Value
| HI Stock | CAD 0.09 0.01 5.56% |
| Symbol | Highland |
Highland Copper Price To Book Ratio
Highland 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 Highland 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 Highland Copper.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Highland Copper on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Highland Copper or generate 0.0% return on investment in Highland Copper over 30 days. Highland Copper is related to or competes with Arizona Sonoran, and QC Copper. Highland Copper Company Inc., together with its subsidiaries, engages in the acquisition, exploration, and development o... More
Highland 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 Highland 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 Highland Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.0061 | |||
| Maximum Drawdown | 32.22 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 5.88 |
Highland Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Copper's standard deviation. In reality, there are many statistical measures that can use Highland Copper historical prices to predict the future Highland Copper's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0404 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0044 | |||
| Treynor Ratio | 0.0791 |
Highland Copper Backtested Returns
Highland Copper holds Efficiency (Sharpe) Ratio of -0.048, which attests that the entity had a -0.048% return per unit of risk over the last 3 months. Highland Copper exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highland Copper's Risk Adjusted Performance of 0.0176, market risk adjusted performance of 0.0891, and Downside Deviation of 7.71 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highland Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Copper is expected to be smaller as well. At this point, Highland Copper has a negative expected return of -0.26%. Please make sure to check out Highland Copper's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Highland Copper performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Highland Copper has very weak reverse predictability. Overlapping area represents the amount of predictability between Highland Copper time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 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 Highland Copper price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Highland Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Highland Copper lagged returns against current returns
Autocorrelation, which is Highland 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 Highland Copper's stock expected returns. We can calculate the autocorrelation of Highland Copper returns to help us make a trade decision. For example, suppose you find that Highland 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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Highland 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 Highland Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Highland Copper Lagged Returns
When evaluating Highland Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Copper stock have on its future price. Highland 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, Highland Copper autocorrelation shows the relationship between Highland Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Highland Copper.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Highland Stock Analysis
When running Highland Copper's price analysis, check to measure Highland 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 Highland Copper is operating at the current time. Most of Highland Copper's value examination focuses on studying past and present price action to predict the probability of Highland 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 Highland Copper's price. Additionally, you may evaluate how the addition of Highland Copper to your portfolios can decrease your overall portfolio volatility.