OTCPK:CPPMF - Post by User
Post by
repap_nbon Sep 01, 2021 8:06pm
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Post# 33799016
Regression CMMC vs Cu
Regression CMMC vs CuHi all
Ran a regression CMMC close price (in CAD$) vs Cu close price (US $) Jan 2013 to June 2021 (had the data on hand, why not)
equation
CMMC Close = -3.567 + 1.623 (Copper price in lbs)
r2 = 0.91 - ie 91 % of the variation in CMMC's price is explained by the price of copper
Copper currently $4.28 - CMMC should be $3.38
Copper at $5 - CMMC should be $4.55
Copper at $7 - CMMC $7.80
Copper at $3 - CMMC $1.30
Food for thought