Global X Copper Miners (COPX) Rate Of Change

Buy signal:            
        [ What are these indicators? ]
Profit target:             [ A higher % profit will take longer and is less likely to be achieved ]

Expectancy: 3.79%.   Win rate: 92.86%.   Mean CAGR: 201.03%. Time in market: 3 years 4 days.
Sharpe Ratio: -0.214. Maximum drawdown: 63.53% on 20 January 2016.

About this Chart's Calculations for Global Copper Miners

Expectancy calculation (win % x average win) - (loss % x average loss): (92.86% * 6.66%) - (7.14% * 33.51%) = 3.79%. To be a profitable trader you need to trade with a positive value for expectancy.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return.

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

Rate Of Change - Profit Probability Projections

This table summarises how long it would take after buying the ETF at the 50 day lows to reach the specified percentage return. Note that past performance is not a guarantee of future performance. The calculations exclude the exceptionally volatile month of March 2020. Calculations also exclude dividends and other distributions to shareholders.

Date Days to Reach Profit Target
5% 6% 7.5% 10% 20%
2022 70 70 79 81 226
2019 29 30 32 25 116
2018 6 6 6 7 119
2016 7 7 14 14 27
2015 1 2 2 11 81
2013 26 26 27 47
2011 9 18 18 29 31
2010 83 113 123 123 138
Avg. Days 28 34 37 42 105
CAGR 88.9% 86.9% 104.1% 128.9% 88.5%

Rate Of Change - Backtest Trading Summary

This table summarises how profitable it would have been to have bought this ETF at each 50 day low. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. check_box_outline_blank = profit point achieved but CAGR was less than 5%.

Signal Date Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
10 April 2025 $33.88 select_check_box select_check_box select_check_box select_check_box select_check_box
28 June 2022 $32.96 select_check_box select_check_box select_check_box select_check_box select_check_box
12 May 2022 $34.46 select_check_box select_check_box select_check_box select_check_box select_check_box
17 March 2020 $10.62 select_check_box select_check_box select_check_box select_check_box select_check_box
19 August 2019 $14.97 select_check_box select_check_box select_check_box select_check_box select_check_box
14 May 2019 $17.51 select_check_box select_check_box select_check_box check_box_outline_blank check_box_outline_blank
26 October 2018 $16.34 select_check_box select_check_box select_check_box select_check_box select_check_box
21 January 2016 $7.99 select_check_box select_check_box select_check_box select_check_box select_check_box
02 February 2015 $15.79 select_check_box select_check_box select_check_box select_check_box select_check_box
08 October 2014 $21.42 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
27 June 2013 $21.33 select_check_box select_check_box select_check_box select_check_box check_box_outline_blank
27 September 2011 $28.76 select_check_box select_check_box select_check_box select_check_box select_check_box
11 August 2011 $35.21 select_check_box select_check_box select_check_box disabled_by_default disabled_by_default
13 May 2010 $28.39 select_check_box select_check_box select_check_box select_check_box select_check_box

Rate Of Change - Compound Annual Growth Rate (CAGR) Summary

Compound Annual Growth Rate (CAGR) shows the annual percentage performance had the investment grown at the same rate over one year. Cross reference the figures in the tables below with the backtesting results tables above to see how long it took to achieve profitability after buying this ETF at the specific 50 day low. A red (empty) table cell shows that the specific profit point has not yet been achieved. Calculations exclude dividends or other distributions this fund may distribute to fund holders.

Date Price Gains / CAGR
5% 6% 7.5% 10% 20%
10 April 2025 $33.88 8,480.7 >10,000 1,001.0 1,352.7 370.0
28 June 2022 $32.96 14.1 17.1 18.7 25.2 40.7
12 May 2022 $34.46 3,420.5 6,937.4 >10,000 7,641.1 29.6
17 March 2020 $10.62 133.4 175.2 251.6 385.9 977.4
19 August 2019 $14.97 124.8 152.0 199.3 302.1 77.5
14 May 2019 $17.51 61.9 77.7 90.1
26 October 2018 $16.34 1,845.1 3,357.3 8,138.2 >10,000 74.9
21 January 2016 $7.99 1,176.7 1,981.1 558.3 1,099.6 1,075.7
02 February 2015 $15.79 >10,000 >10,000 >10,000 2,262.7 127.4
08 October 2014 $21.42
27 June 2013 $21.33 98.3 126.6 166.2 109.6
27 September 2011 $28.76 227.8 249.5 372.7 231.9 755.5
11 August 2011 $35.21 8,490.3 189.7 274.0
13 May 2010 $28.39 23.9 20.7 23.9 32.7 62.0

The data for Global X Copper Miners (exchange: ARCX symbol: COPX) was last updated 21 Jul 2026 05:40. Data for this ETF is available from 20 Apr 2010 - 20 Jul 2026.