SOUTHERN COPPER (Germany) Market Value
| PCU Stock | EUR 89.50 0.76 0.86% |
| Symbol | SOUTHERN |
SOUTHERN 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 SOUTHERN 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 SOUTHERN COPPER.
| 02/10/2024 |
| 01/05/2025 |
If you would invest 0.00 in SOUTHERN COPPER on February 10, 2024 and sell it all today you would earn a total of 0.00 from holding SOUTHERN PER or generate 0.0% return on investment in SOUTHERN COPPER over 330 days. SOUTHERN COPPER is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexi... More
SOUTHERN 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 SOUTHERN 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 SOUTHERN PER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 2.36 |
SOUTHERN COPPER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOUTHERN COPPER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOUTHERN COPPER's standard deviation. In reality, there are many statistical measures that can use SOUTHERN COPPER historical prices to predict the future SOUTHERN COPPER's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 3.48 |
SOUTHERN COPPER Backtested Returns
SOUTHERN COPPER owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of standard deviation over the last 3 months. SOUTHERN PER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOUTHERN COPPER's variance of 4.1, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0711, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOUTHERN COPPER are expected to decrease at a much lower rate. During the bear market, SOUTHERN COPPER is likely to outperform the market. At this point, SOUTHERN COPPER has a negative expected return of -0.25%. Please make sure to validate SOUTHERN COPPER's skewness, day median price, relative strength index, as well as the relationship between the daily balance of power and price action indicator , to decide if SOUTHERN COPPER performance from the past will be repeated at some future point.
Auto-correlation | 0.55 |
Modest predictability
SOUTHERN PER has modest predictability. Overlapping area represents the amount of predictability between SOUTHERN COPPER time series from 10th of February 2024 to 24th of July 2024 and 24th of July 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 SOUTHERN COPPER price movement. The serial correlation of 0.55 indicates that about 55.0% of current SOUTHERN COPPER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 38.67 |
SOUTHERN COPPER lagged returns against current returns
Autocorrelation, which is SOUTHERN 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 SOUTHERN COPPER's stock expected returns. We can calculate the autocorrelation of SOUTHERN COPPER returns to help us make a trade decision. For example, suppose you find that SOUTHERN 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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SOUTHERN 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 SOUTHERN COPPER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOUTHERN COPPER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOUTHERN COPPER stock over time.
Current vs Lagged Prices |
| Timeline |
SOUTHERN COPPER Lagged Returns
When evaluating SOUTHERN COPPER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOUTHERN COPPER stock have on its future price. SOUTHERN 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, SOUTHERN COPPER autocorrelation shows the relationship between SOUTHERN COPPER stock current value and its past values and can show if there is a momentum factor associated with investing in SOUTHERN PER .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SOUTHERN Stock Analysis
When running SOUTHERN COPPER's price analysis, check to measure SOUTHERN 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 SOUTHERN COPPER is operating at the current time. Most of SOUTHERN COPPER's value examination focuses on studying past and present price action to predict the probability of SOUTHERN 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 SOUTHERN COPPER's price. Additionally, you may evaluate how the addition of SOUTHERN COPPER to your portfolios can decrease your overall portfolio volatility.