Goviex Uranium Stock Market Value
| GXU Stock | CAD 0.06 0.01 8.33% |
| Symbol | GoviEx |
GoviEx Uranium Price To Book Ratio
GoviEx Uranium '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 GoviEx Uranium'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 GoviEx Uranium.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in GoviEx Uranium on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding GoviEx Uranium or generate 0.0% return on investment in GoviEx Uranium over 90 days. GoviEx Uranium is related to or competes with EnCore Energy, Global Atomic, Baselode Energy, and Skyharbour Resources. GoviEx Uranium Inc., a mineral resources company, focuses on the acquisition, exploration, and development of uranium pr... More
GoviEx Uranium 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 GoviEx Uranium'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 GoviEx Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.64 | |||
| Information Ratio | 0.0631 | |||
| Maximum Drawdown | 124.65 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 18.18 |
GoviEx Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoviEx Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoviEx Uranium's standard deviation. In reality, there are many statistical measures that can use GoviEx Uranium historical prices to predict the future GoviEx Uranium's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | (1.19) | |||
| Sortino Ratio | 0.0632 | |||
| Treynor Ratio | (1.46) |
GoviEx Uranium Backtested Returns
GoviEx Uranium appears to be out of control, given 3 months investment horizon. GoviEx Uranium holds Efficiency (Sharpe) Ratio of 0.061, which attests that the entity had a 0.061% return per unit of risk over the last 3 months. By evaluating GoviEx Uranium's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize GoviEx Uranium's Market Risk Adjusted Performance of (1.45), downside deviation of 13.64, and Risk Adjusted Performance of 0.0616 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GoviEx Uranium holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GoviEx Uranium are expected to decrease at a much lower rate. During the bear market, GoviEx Uranium is likely to outperform the market. Please check GoviEx Uranium's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether GoviEx Uranium's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
GoviEx Uranium has very good reverse predictability. Overlapping area represents the amount of predictability between GoviEx Uranium time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 GoviEx Uranium price movement. The serial correlation of -0.67 indicates that around 67.0% of current GoviEx Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GoviEx Uranium lagged returns against current returns
Autocorrelation, which is GoviEx Uranium 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 GoviEx Uranium's stock expected returns. We can calculate the autocorrelation of GoviEx Uranium returns to help us make a trade decision. For example, suppose you find that GoviEx Uranium 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 |
GoviEx Uranium 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 GoviEx Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoviEx Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoviEx Uranium stock over time.
Current vs Lagged Prices |
| Timeline |
GoviEx Uranium Lagged Returns
When evaluating GoviEx Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoviEx Uranium stock have on its future price. GoviEx Uranium 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, GoviEx Uranium autocorrelation shows the relationship between GoviEx Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in GoviEx Uranium.
Regressed Prices |
| Timeline |
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Additional Tools for GoviEx Stock Analysis
When running GoviEx Uranium's price analysis, check to measure GoviEx Uranium'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 GoviEx Uranium is operating at the current time. Most of GoviEx Uranium's value examination focuses on studying past and present price action to predict the probability of GoviEx Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoviEx Uranium's price. Additionally, you may evaluate how the addition of GoviEx Uranium to your portfolios can decrease your overall portfolio volatility.