Purepoint Uranium Group Stock Market Value
| PTU Stock | CAD 0.24 0.02 7.69% |
| Symbol | Purepoint |
Purepoint Uranium Price To Book Ratio
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.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Purepoint Uranium on January 31, 2025 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 30 days. Purepoint Uranium is related to or competes with CanAlaska Uranium, and Ur Energy. Purepoint Uranium Group Inc., a uranium exploration company, engages in the acquisition, exploration, and development of... More
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.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 23.11 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.7 |
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 | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.0395 | |||
| Treynor Ratio | 0.476 |
Purepoint Uranium Backtested Returns
Purepoint Uranium maintains Sharpe Ratio (i.e., Efficiency) of -0.027, which implies the firm had a -0.027 % return per unit of risk over the last 3 months. Purepoint Uranium exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Purepoint Uranium's Coefficient Of Variation of (4,663), risk adjusted performance of (0.01), and Variance of 25.61 to confirm the risk estimate we provide. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Purepoint Uranium are expected to decrease at a much lower rate. During the bear market, Purepoint Uranium is likely to outperform the market. At this point, Purepoint Uranium has a negative expected return of -0.13%. Please make sure to check Purepoint Uranium's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Purepoint Uranium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Purepoint Uranium Group has good reverse predictability. Overlapping area represents the amount of predictability between Purepoint Uranium time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 2025. 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 -0.54 indicates that about 54.0% of current Purepoint Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.67 | |
| 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 |
Thematic Opportunities
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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.