Uranium Energy Correlations
| UEC Stock | USD 6.39 0.59 8.45% |
The current 90-days correlation between Uranium Energy Corp and Denison Mines Corp is 0.89 (i.e., Very poor diversification). The correlation of Uranium Energy 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Uranium Energy Correlation With Market
Average diversification
The correlation between Uranium Energy Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Uranium Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
Uranium |
Moving together with Uranium Stock
| 0.74 | EU | enCore Energy Corp | PairCorr |
| 0.93 | CCJ | Cameco Corp | PairCorr |
| 0.93 | DNN | Denison Mines Corp | PairCorr |
| 0.94 | NXE | NexGen Energy Downward Rally | PairCorr |
| 0.89 | URG | Ur Energy | PairCorr |
| 0.64 | UROY | Uranium Royalty Corp | PairCorr |
| 0.88 | UUUU | Energy Fuels Earnings Call This Week | PairCorr |
| 0.71 | VIVK | Vivakor | PairCorr |
| 0.63 | VNOM | Viper Energy Ut Earnings Call Tomorrow | PairCorr |
Moving against Uranium Stock
| 0.57 | TK | Teekay | PairCorr |
| 0.54 | AR | Antero Resources Corp | PairCorr |
| 0.5 | BP | BP PLC ADR | PairCorr |
| 0.45 | EC | Ecopetrol SA ADR | PairCorr |
| 0.35 | ET | Energy Transfer LP | PairCorr |
| 0.31 | AE | Adams Resources Energy | PairCorr |
| 0.47 | BKV | BKV Corporation | PairCorr |
| 0.38 | EPSN | Epsilon Energy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Uranium Stock performing well and Uranium Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Uranium Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UUUU | 2.59 | (0.36) | 0.00 | (0.48) | 0.00 | 6.76 | 20.18 | |||
| DNN | 2.89 | (0.28) | 0.00 | (0.43) | 0.00 | 5.39 | 30.33 | |||
| URG | 2.56 | (0.24) | 0.00 | (0.56) | 0.00 | 4.84 | 22.52 | |||
| CCJ | 2.22 | (0.12) | 0.00 | (0.12) | 0.00 | 4.46 | 20.92 | |||
| NXE | 2.67 | (0.23) | 0.00 | (0.31) | 0.00 | 6.33 | 26.34 |
Uranium Energy Corporate Executives
Elected by the shareholders, the Uranium Energy's board of directors comprises two types of representatives: Uranium Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Uranium. The board's role is to monitor Uranium Energy's management team and ensure that shareholders' interests are well served. Uranium Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Uranium Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Josephine Man | Secretary CFO | Profile | |
| Patrick Obara | Chief Financial Officer, Principal Accounting Officer, Treasurer, Secretary | Profile |