Uranium Energy (UK) Market Value
| 0LJQ Stock | 6.97 0.31 4.26% |
| Symbol | Uranium |
Uranium Energy '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 Uranium Energy's 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 Uranium Energy.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Uranium Energy on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Uranium Energy Corp or generate 0.0% return on investment in Uranium Energy over 720 days. Uranium Energy is related to or competes with Invesco Physical, Griffin Mining, Silver Bullet, Broadcom, Eastinco Mining, Silvercorp Metals, and Broadridge Financial. Uranium Energy is entity of United Kingdom More
Uranium Energy 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 Uranium Energy's 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 Uranium Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0512 | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 6.27 |
Uranium Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uranium Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uranium Energy's standard deviation. In reality, there are many statistical measures that can use Uranium Energy historical prices to predict the future Uranium Energy's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.1691 | |||
| Total Risk Alpha | 0.1024 | |||
| Sortino Ratio | 0.0634 | |||
| Treynor Ratio | 0.1512 |
Uranium Energy Corp Backtested Returns
Uranium Energy appears to be slightly risky, given 3 months investment horizon. Uranium Energy Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0703, which indicates the firm had a 0.0703% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Uranium Energy Corp, which you can use to evaluate the volatility of the company. Please review Uranium Energy's Semi Deviation of 2.62, risk adjusted performance of 0.0559, and Coefficient Of Variation of 1652.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Uranium Energy holds a performance score of 5. The entity has a beta of 1.31, which indicates 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, Uranium Energy will likely underperform. Please check Uranium Energy's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Uranium Energy's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Uranium Energy Corp has poor predictability. Overlapping area represents the amount of predictability between Uranium Energy time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th of December 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 Uranium Energy Corp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Uranium Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Uranium Energy Corp lagged returns against current returns
Autocorrelation, which is Uranium Energy 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 Uranium Energy's stock expected returns. We can calculate the autocorrelation of Uranium Energy returns to help us make a trade decision. For example, suppose you find that Uranium Energy 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 |
Uranium Energy 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 Uranium Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uranium Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uranium Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Uranium Energy Lagged Returns
When evaluating Uranium Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uranium Energy stock have on its future price. Uranium Energy 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, Uranium Energy autocorrelation shows the relationship between Uranium Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Uranium Energy Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Uranium Stock Analysis
When running Uranium Energy's price analysis, check to measure Uranium Energy's 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 Uranium Energy is operating at the current time. Most of Uranium Energy's value examination focuses on studying past and present price action to predict the probability of Uranium Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uranium Energy's price. Additionally, you may evaluate how the addition of Uranium Energy to your portfolios can decrease your overall portfolio volatility.