Copa Holdings Sa Stock Market Value
CPA Stock | USD 104.16 1.24 1.20% |
Symbol | Copa |
Copa Holdings SA Price To Book Ratio
Is Copa Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Copa Holdings. If investors know Copa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Copa Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.039 | Dividend Share 3.28 | Earnings Share 12.89 | Revenue Per Share 86.095 | Quarterly Revenue Growth 0.03 |
The market value of Copa Holdings SA is measured differently than its book value, which is the value of Copa that is recorded on the company's balance sheet. Investors also form their own opinion of Copa Holdings' value that differs from its market value or its book value, called intrinsic value, which is Copa Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Copa Holdings' market value can be influenced by many factors that don't directly affect Copa Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Copa Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Copa Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copa Holdings' 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.
Copa Holdings '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 Copa Holdings' 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 Copa Holdings.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Copa Holdings on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Copa Holdings SA or generate 0.0% return on investment in Copa Holdings over 720 days. Copa Holdings is related to or competes with US Global, Boot Barn, SWK Holdings, GAMCO Global, Steven Madden, Shoe Carnival, and Blue Owl. Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services More
Copa Holdings 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 Copa Holdings' 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 Copa Holdings SA upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.62 | |||
Information Ratio | (0.08) | |||
Maximum Drawdown | 6.7 | |||
Value At Risk | (2.78) | |||
Potential Upside | 2.87 |
Copa Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copa Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copa Holdings' standard deviation. In reality, there are many statistical measures that can use Copa Holdings historical prices to predict the future Copa Holdings' volatility.Risk Adjusted Performance | 0.0105 | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.36) | |||
Sortino Ratio | (0.08) | |||
Treynor Ratio | 9.0E-4 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Copa Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Copa Holdings SA Backtested Returns
We consider Copa Holdings very steady. Copa Holdings SA secures Sharpe Ratio (or Efficiency) of 0.0258, which signifies that the company had a 0.0258% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Copa Holdings SA, which you can use to evaluate the volatility of the firm. Please confirm Copa Holdings' Mean Deviation of 1.23, downside deviation of 1.62, and Risk Adjusted Performance of 0.0105 to double-check if the risk estimate we provide is consistent with the expected return of 0.0427%. Copa Holdings has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.47, 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, Copa Holdings will likely underperform. Copa Holdings SA right now shows a risk of 1.66%. Please confirm Copa Holdings SA downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Copa Holdings SA will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Copa Holdings SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Copa Holdings time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Copa Holdings SA price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Copa Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.15 | |
Spearman Rank Test | -0.07 | |
Residual Average | 0.0 | |
Price Variance | 82.62 |
Copa Holdings SA lagged returns against current returns
Autocorrelation, which is Copa Holdings 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 Copa Holdings' stock expected returns. We can calculate the autocorrelation of Copa Holdings returns to help us make a trade decision. For example, suppose you find that Copa Holdings 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 |
Copa Holdings 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 Copa Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copa Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copa Holdings stock over time.
Current vs Lagged Prices |
Timeline |
Copa Holdings Lagged Returns
When evaluating Copa Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copa Holdings stock have on its future price. Copa Holdings 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, Copa Holdings autocorrelation shows the relationship between Copa Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Copa Holdings SA.
Regressed Prices |
Timeline |
Pair Trading with Copa Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Copa Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Copa Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Copa Stock
0.59 | MCAF | Mountain Crest Acqui | PairCorr |
The ability to find closely correlated positions to Copa Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copa Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Copa Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Copa Holdings SA to buy it.
The correlation of Copa Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Copa Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copa Holdings SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Copa Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Copa Holdings Correlation, Copa Holdings Volatility and Copa Holdings Alpha and Beta module to complement your research on Copa Holdings. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Copa Stock analysis
When running Copa Holdings' price analysis, check to measure Copa Holdings' 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 Copa Holdings is operating at the current time. Most of Copa Holdings' value examination focuses on studying past and present price action to predict the probability of Copa Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copa Holdings' price. Additionally, you may evaluate how the addition of Copa Holdings to your portfolios can decrease your overall portfolio volatility.
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Copa Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.