World Copper Stock Market Value
| WCU Stock | 0.06 0.01 10.00% |
| Symbol | World |
World Copper Price To Book Ratio
World 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 World 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 World Copper.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in World Copper on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding World Copper or generate 0.0% return on investment in World Copper over 90 days. World Copper is related to or competes with Northwest Copper. WestCan Uranium Corporation engages in the exploration and evaluation of mineral properties in Canada. More
World 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 World 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 World Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.76 | |||
| Information Ratio | 0.0137 | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
World Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Copper's standard deviation. In reality, there are many statistical measures that can use World Copper historical prices to predict the future World Copper's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | 0.0445 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | 0.0378 |
World Copper Backtested Returns
At this stage we consider World Stock to be out of control. World Copper shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for World Copper, which you can use to evaluate the volatility of the company. Please check out World Copper's Market Risk Adjusted Performance of 0.0478, downside deviation of 11.76, and Mean Deviation of 6.07 to validate if the risk estimate we provide is consistent with the expected return of 0.0133%. The firm maintains a market beta of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, World Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding World Copper is expected to be smaller as well. World Copper right now maintains a risk of 8.98%. Please check out World Copper potential upside and the relationship between the skewness and price action indicator , to decide if World Copper will be following its historical returns.
Auto-correlation | 0.33 |
Below average predictability
World Copper has below average predictability. Overlapping area represents the amount of predictability between World Copper time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 World Copper price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current World Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
World Copper lagged returns against current returns
Autocorrelation, which is World 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 World Copper's stock expected returns. We can calculate the autocorrelation of World Copper returns to help us make a trade decision. For example, suppose you find that World 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 |
World 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 World Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Copper stock over time.
Current vs Lagged Prices |
| Timeline |
World Copper Lagged Returns
When evaluating World Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Copper stock have on its future price. World 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, World Copper autocorrelation shows the relationship between World Copper stock current value and its past values and can show if there is a momentum factor associated with investing in World Copper.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for World Stock Analysis
When running World Copper's price analysis, check to measure World 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 World Copper is operating at the current time. Most of World Copper's value examination focuses on studying past and present price action to predict the probability of World 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 World Copper's price. Additionally, you may evaluate how the addition of World Copper to your portfolios can decrease your overall portfolio volatility.