URANIUM ROYALTY (Germany) Market Value

59U Stock  EUR 2.02  0.01  0.49%   
URANIUM ROYALTY's market value is the price at which a share of URANIUM ROYALTY trades on a public exchange. It measures the collective expectations of URANIUM ROYALTY P investors about its performance. URANIUM ROYALTY is trading at 2.02 as of the 22nd of December 2024. This is a 0.49% down since the beginning of the trading day. The stock's lowest day price was 2.02.
With this module, you can estimate the performance of a buy and hold strategy of URANIUM ROYALTY P and determine expected loss or profit from investing in URANIUM ROYALTY over a given investment horizon. Check out URANIUM ROYALTY Correlation, URANIUM ROYALTY Volatility and URANIUM ROYALTY Alpha and Beta module to complement your research on URANIUM ROYALTY.
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Please note, there is a significant difference between URANIUM ROYALTY's value and its price as these two are different measures arrived at by different means. Investors typically determine if URANIUM ROYALTY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, URANIUM ROYALTY'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.

URANIUM ROYALTY '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 ROYALTY'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 ROYALTY.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in URANIUM ROYALTY on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding URANIUM ROYALTY P or generate 0.0% return on investment in URANIUM ROYALTY over 30 days. URANIUM ROYALTY is related to or competes with Nomad Foods, TYSON FOODS, American Public, MOLSON RS, CHINA EDUCATION, DEVRY EDUCATION, and Ebro Foods. Uranium Royalty Corp. operates as a pure-play uranium royalty company More

URANIUM ROYALTY 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 ROYALTY'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 ROYALTY P upside and downside potential and time the market with a certain degree of confidence.

URANIUM ROYALTY Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for URANIUM ROYALTY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as URANIUM ROYALTY's standard deviation. In reality, there are many statistical measures that can use URANIUM ROYALTY historical prices to predict the future URANIUM ROYALTY's volatility.
Hype
Prediction
LowEstimatedHigh
0.102.025.92
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Intrinsic
Valuation
LowRealHigh
0.091.855.75
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URANIUM ROYALTY P Backtested Returns

URANIUM ROYALTY P retains Efficiency (Sharpe Ratio) of -0.0053, which indicates the firm had a -0.0053% return per unit of volatility over the last 3 months. URANIUM ROYALTY exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate URANIUM ROYALTY's downside deviation of 3.65, and Risk Adjusted Performance of 0.0217 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning URANIUM ROYALTY are expected to decrease at a much lower rate. During the bear market, URANIUM ROYALTY is likely to outperform the market. At this point, URANIUM ROYALTY P has a negative expected return of -0.0207%. Please make sure to validate URANIUM ROYALTY's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if URANIUM ROYALTY P performance from the past will be repeated at future time.

Auto-correlation

    
  0.32  

Below average predictability

URANIUM ROYALTY P has below average predictability. Overlapping area represents the amount of predictability between URANIUM ROYALTY time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 ROYALTY P price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current URANIUM ROYALTY price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.43
Residual Average0.0
Price Variance0.02
URANIUM ReturnsURANIUM Lagged ReturnsDiversified AwayURANIUM ReturnsURANIUM Lagged ReturnsDiversified Away100%

URANIUM ROYALTY P lagged returns against current returns

Autocorrelation, which is URANIUM ROYALTY 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 ROYALTY's stock expected returns. We can calculate the autocorrelation of URANIUM ROYALTY returns to help us make a trade decision. For example, suppose you find that URANIUM ROYALTY 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   
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JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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URANIUM ROYALTY 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 ROYALTY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if URANIUM ROYALTY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in URANIUM ROYALTY stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Dec 09Dec 11Dec 13Dec 15Dec 17Dec 19Dec 212.002.052.102.152.202.252.302.352.40
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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URANIUM ROYALTY Lagged Returns

When evaluating URANIUM ROYALTY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of URANIUM ROYALTY stock have on its future price. URANIUM ROYALTY 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 ROYALTY autocorrelation shows the relationship between URANIUM ROYALTY stock current value and its past values and can show if there is a momentum factor associated with investing in URANIUM ROYALTY P.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 22Nov 26Nov 30DecDec 08Dec 12Dec 16Dec 202.12.22.32.42.5
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
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Other Information on Investing in URANIUM Stock

URANIUM ROYALTY financial ratios help investors to determine whether URANIUM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in URANIUM with respect to the benefits of owning URANIUM ROYALTY security.
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