District Copper Corp Stock Market Value
| DCOP Stock | CAD 0.04 0.01 12.50% |
| Symbol | District |
District Copper Corp Price To Book Ratio
District 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 District 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 District Copper.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in District Copper on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding District Copper Corp or generate 0.0% return on investment in District Copper over 720 days. District Copper is related to or competes with Black Mammoth. District Copper Corp. engages in the acquisition and exploration of mineral properties More
District 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 District 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 District Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 34.29 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
District Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for District Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as District Copper's standard deviation. In reality, there are many statistical measures that can use District Copper historical prices to predict the future District Copper's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 0.3564 |
District Copper Corp Backtested Returns
District Copper Corp secures Sharpe Ratio (or Efficiency) of -0.009, which denotes the company had a -0.009% return per unit of risk over the last 3 months. District Copper Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm District Copper's Standard Deviation of 5.52, mean deviation of 2.33, and Variance of 30.45 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning District Copper are expected to decrease at a much lower rate. During the bear market, District Copper is likely to outperform the market. At this point, District Copper Corp has a negative expected return of -0.051%. Please make sure to confirm District Copper's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if District Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
District Copper Corp has weak reverse predictability. Overlapping area represents the amount of predictability between District Copper time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 District Copper Corp price movement. The serial correlation of -0.22 indicates that over 22.0% of current District Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
District Copper Corp lagged returns against current returns
Autocorrelation, which is District 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 District Copper's stock expected returns. We can calculate the autocorrelation of District Copper returns to help us make a trade decision. For example, suppose you find that District 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 |
District 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 District Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if District Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in District Copper stock over time.
Current vs Lagged Prices |
| Timeline |
District Copper Lagged Returns
When evaluating District Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of District Copper stock have on its future price. District 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, District Copper autocorrelation shows the relationship between District Copper stock current value and its past values and can show if there is a momentum factor associated with investing in District Copper Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for District Stock Analysis
When running District Copper's price analysis, check to measure District 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 District Copper is operating at the current time. Most of District Copper's value examination focuses on studying past and present price action to predict the probability of District 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 District Copper's price. Additionally, you may evaluate how the addition of District Copper to your portfolios can decrease your overall portfolio volatility.