Purepoint Uranium (Germany) Market Value
| P5X Stock | 0.14 0.00 0.00% |
| Symbol | Purepoint |
Purepoint 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 Purepoint 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 Purepoint Uranium.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Purepoint Uranium on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Purepoint Uranium Group or generate 0.0% return on investment in Purepoint Uranium over 180 days.
Purepoint 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 Purepoint 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 Purepoint Uranium Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.84 | |||
| Information Ratio | 0.1019 | |||
| Maximum Drawdown | 89.2 | |||
| Value At Risk | (27.27) | |||
| Potential Upside | 37.5 |
Purepoint Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Purepoint Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Purepoint Uranium's standard deviation. In reality, there are many statistical measures that can use Purepoint Uranium historical prices to predict the future Purepoint Uranium's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 1.32 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0551 | |||
| Treynor Ratio | 0.4902 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Purepoint Uranium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Purepoint Uranium Backtested Returns
Purepoint Uranium is out of control given 3 months investment horizon. Purepoint Uranium maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.61% are justified by taking the suggested risk. Use Purepoint Uranium Semi Deviation of 9.94, risk adjusted performance of 0.0882, and Coefficient Of Variation of 920.93 to evaluate company specific risk that cannot be diversified away. Purepoint Uranium holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of 3.31, which implies 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, Purepoint Uranium will likely underperform. Use Purepoint Uranium value at risk, as well as the relationship between the expected short fall and day median price , to analyze future returns on Purepoint Uranium.
Auto-correlation | 0.47 |
Average predictability
Purepoint Uranium Group has average predictability. Overlapping area represents the amount of predictability between Purepoint Uranium time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Purepoint Uranium price movement. The serial correlation of 0.47 indicates that about 47.0% of current Purepoint Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Purepoint Uranium lagged returns against current returns
Autocorrelation, which is Purepoint 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 Purepoint Uranium's stock expected returns. We can calculate the autocorrelation of Purepoint Uranium returns to help us make a trade decision. For example, suppose you find that Purepoint 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 |
Purepoint 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 Purepoint Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purepoint Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Purepoint Uranium stock over time.
Current vs Lagged Prices |
| Timeline |
Purepoint Uranium Lagged Returns
When evaluating Purepoint Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Purepoint Uranium stock have on its future price. Purepoint 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, Purepoint Uranium autocorrelation shows the relationship between Purepoint Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in Purepoint Uranium Group.
Regressed Prices |
| Timeline |
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Additional Tools for Purepoint Stock Analysis
When running Purepoint Uranium's price analysis, check to measure Purepoint 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 Purepoint Uranium is operating at the current time. Most of Purepoint Uranium's value examination focuses on studying past and present price action to predict the probability of Purepoint 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 Purepoint Uranium's price. Additionally, you may evaluate how the addition of Purepoint Uranium to your portfolios can decrease your overall portfolio volatility.