Purepoint Uranium Group Stock Market Value
| PTUUF Stock | USD 0.16 0.01 6.67% |
| 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 otc 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.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Purepoint Uranium on December 6, 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 30 days. Purepoint Uranium is related to or competes with Bannerman Resources, Paladin Energy, Laramide Resources, Fission Uranium, EnCore Energy, Elevate Uranium, and Mega Uranium. 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 otc 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 | (0.01) | |||
| Maximum Drawdown | 27.19 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
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 | 0.0028 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 52.79 |
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
At this point, Purepoint Uranium is out of control. Purepoint Uranium maintains Sharpe Ratio (i.e., Efficiency) of 0.0049, which implies the firm had a 0.0049% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Purepoint Uranium, which you can use to evaluate the volatility of the company. Please check Purepoint Uranium's Variance of 43.3, coefficient of variation of (13,689), and Risk Adjusted Performance of 0.0028 to confirm if the risk estimate we provide is consistent with the expected return of 0.0332%. The company holds a Beta of -0.0011, 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. Purepoint Uranium right now holds a risk of 6.7%. Please check Purepoint Uranium total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Purepoint Uranium will be following its historical price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Purepoint Uranium Group has insignificant predictability. Overlapping area represents the amount of predictability between Purepoint Uranium time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 0.14 indicates that less than 14.0% of current Purepoint Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Purepoint Uranium lagged returns against current returns
Autocorrelation, which is Purepoint Uranium otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Purepoint Uranium otc 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 otc 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 otc 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 otc 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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Other Information on Investing in Purepoint OTC Stock
Purepoint Uranium financial ratios help investors to determine whether Purepoint OTC 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 Purepoint with respect to the benefits of owning Purepoint Uranium security.