Southern Copper (Peru) Market Value
| SCCO Stock | 96.40 1.62 1.65% |
| Symbol | Southern |
Please note, there is a significant difference between Southern Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 07/27/2024 |
| 01/23/2025 |
If you would invest 0.00 in Southern Copper on July 27, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Copper Corp or generate 0.0% return on investment in Southern Copper over 180 days. 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 Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.2 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 2.27 |
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 | (0.12) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 1.32 |
Southern Copper Corp Backtested Returns
Southern Copper Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18 % return per unit of risk over the last 3 months. Southern Copper Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Copper's Coefficient Of Variation of (654.38), variance of 3.4, and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The entity has a beta of -0.22, 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 Corp has a negative expected return of -0.31%. Please make sure to validate Southern Copper's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Southern Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Southern Copper Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Southern Copper time series from 27th of July 2024 to 25th of October 2024 and 25th of October 2024 to 23rd 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 Corp price movement. The serial correlation of -0.71 indicates that around 71.0% of current Southern Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 36.77 |
Southern Copper Corp 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 |
| Timeline |
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 Copper Corp.
Regressed Prices |
| Timeline |
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Southern Copper financial ratios help investors to determine whether Southern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Southern with respect to the benefits of owning Southern Copper security.