Northwest Copper Corp Stock Market Value
| NWST Stock | CAD 0.21 0.01 4.55% |
| Symbol | Northwest |
Northwest 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 Northwest 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 Northwest Copper.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Northwest Copper on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Northwest Copper Corp or generate 0.0% return on investment in Northwest Copper over 90 days. Northwest Copper is related to or competes with Kodiak Copper, and Libero Copper. NorthWest Copper Corp. acquires and explores for mineral properties in Canada More
Northwest 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 Northwest 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 Northwest Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.52 | |||
| Information Ratio | 0.1122 | |||
| Maximum Drawdown | 82.26 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 13.33 |
Northwest Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northwest Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northwest Copper's standard deviation. In reality, there are many statistical measures that can use Northwest Copper historical prices to predict the future Northwest Copper's volatility.| Risk Adjusted Performance | 0.0981 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | 2.23 | |||
| Sortino Ratio | 0.1051 | |||
| Treynor Ratio | 0.6447 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northwest Copper's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Northwest Copper Corp Backtested Returns
Northwest Copper is out of control given 3 months investment horizon. Northwest Copper Corp has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1 % return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Northwest Copper Corp Mean Deviation of 6.02, risk adjusted performance of 0.0981, and Downside Deviation of 10.52 to evaluate company specific risk that cannot be diversified away. Northwest Copper holds a performance score of 8 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.55, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Northwest Copper will likely underperform. Use Northwest Copper Corp maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Northwest Copper Corp.
Auto-correlation | 0.32 |
Below average predictability
Northwest Copper Corp has below average predictability. Overlapping area represents the amount of predictability between Northwest Copper time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Northwest Copper Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Northwest Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Northwest Copper Corp lagged returns against current returns
Autocorrelation, which is Northwest 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 Northwest Copper's stock expected returns. We can calculate the autocorrelation of Northwest Copper returns to help us make a trade decision. For example, suppose you find that Northwest 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 |
Northwest 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 Northwest Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northwest Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northwest Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Northwest Copper Lagged Returns
When evaluating Northwest Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northwest Copper stock have on its future price. Northwest 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, Northwest Copper autocorrelation shows the relationship between Northwest Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Northwest Copper Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Northwest Stock Analysis
When running Northwest Copper's price analysis, check to measure Northwest 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 Northwest Copper is operating at the current time. Most of Northwest Copper's value examination focuses on studying past and present price action to predict the probability of Northwest 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 Northwest Copper's price. Additionally, you may evaluate how the addition of Northwest Copper to your portfolios can decrease your overall portfolio volatility.