Cooper Metals (Australia) Market Value
| CPM Stock | 0.05 0 8.51% |
| Symbol | Cooper |
Cooper Metals '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 Cooper Metals' 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 Cooper Metals.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Cooper Metals on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Cooper Metals or generate 0.0% return on investment in Cooper Metals over 360 days. Cooper Metals is related to or competes with Event Hospitality, COAST ENTERTAINMENT, ARN Media, Ramsay Health, Autosports, and Dicker Data. More
Cooper Metals 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 Cooper Metals' 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 Cooper Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.14 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 7.41 |
Cooper Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cooper Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cooper Metals' standard deviation. In reality, there are many statistical measures that can use Cooper Metals historical prices to predict the future Cooper Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.18) |
Cooper Metals Backtested Returns
Cooper Metals secures Sharpe Ratio (or Efficiency) of -0.0497, which signifies that the company had a -0.0497% return per unit of risk over the last 3 months. Cooper Metals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cooper Metals' Mean Deviation of 3.38, risk adjusted performance of (0.03), and Standard Deviation of 4.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.39, which signifies 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, Cooper Metals will likely underperform. At this point, Cooper Metals has a negative expected return of -0.24%. Please make sure to confirm Cooper Metals' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Cooper Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Cooper Metals has good predictability. Overlapping area represents the amount of predictability between Cooper Metals time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Cooper Metals price movement. The serial correlation of 0.79 indicates that around 79.0% of current Cooper Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cooper Metals lagged returns against current returns
Autocorrelation, which is Cooper Metals 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 Cooper Metals' stock expected returns. We can calculate the autocorrelation of Cooper Metals returns to help us make a trade decision. For example, suppose you find that Cooper Metals 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 |
Cooper Metals 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 Cooper Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cooper Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cooper Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Cooper Metals Lagged Returns
When evaluating Cooper Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cooper Metals stock have on its future price. Cooper Metals 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, Cooper Metals autocorrelation shows the relationship between Cooper Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Cooper Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Cooper Stock Analysis
When running Cooper Metals' price analysis, check to measure Cooper Metals' 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 Cooper Metals is operating at the current time. Most of Cooper Metals' value examination focuses on studying past and present price action to predict the probability of Cooper Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cooper Metals' price. Additionally, you may evaluate how the addition of Cooper Metals to your portfolios can decrease your overall portfolio volatility.