URE Net Income From Continuing Ops from 2010 to 2024

URE Stock  CAD 1.72  0.05  2.82%   
Ur Energy Net Loss yearly trend continues to be very stable with very little volatility. Net Loss is likely to grow to about -29.1 M this year. During the period from 2010 to 2024, Ur Energy Net Loss quarterly data regression pattern had range of 35.2 M and standard deviation of  10,258,274. View All Fundamentals
 
Net Loss  
First Reported
2016-12-31
Previous Quarter
-6.6 M
Current Value
-8 M
Quarterly Volatility
5.3 M
 
Covid
Check Ur Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ur Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 M, Interest Expense of 505.8 K or Selling General Administrative of 4.8 M, as well as many indicators such as Price To Sales Ratio of 21.52, Dividend Yield of 0.0 or PTB Ratio of 5.62. URE financial statements analysis is a perfect complement when working with Ur Energy Valuation or Volatility modules.
  
This module can also supplement various Ur Energy Technical models . Check out the analysis of Ur Energy Correlation against competitors.
To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.

Pair Trading with Ur Energy

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 Ur Energy 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 Ur Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with URE Stock

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Moving against URE Stock

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The ability to find closely correlated positions to Ur Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ur Energy 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 Ur Energy - 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 Ur Energy to buy it.
The correlation of Ur 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ur Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ur Energy 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 Ur Energy 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.
Pair CorrelationCorrelation Matching
When determining whether Ur Energy is a strong investment it is important to analyze Ur Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ur Energy's future performance. For an informed investment choice regarding URE Stock, refer to the following important reports:
Check out the analysis of Ur Energy Correlation against competitors.
To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Please note, there is a significant difference between Ur Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ur Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ur Energy's 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.