URE Historical Valuation
| URE Stock | CAD 1.30 0.02 1.56% |
Some fundamental drivers such as market cap or Ur Energy enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Ur Energy valuation indicators such as Market Cap of 378.4 M or Working Capital of 0.0 to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Ur Energy's future value.
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About URE Valuation Data Analysis
Valuation is the financial process of determining what Ur Energy is worth. Ur Energy valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Ur Energy valuation ratios help investors to determine whether URE 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 URE with respect to the benefits of owning Ur Energy security.
Ur Energy Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Ur Energy theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Ur Energy debt, but would also pocket its cash. Enterprise Value is more accurate representation of Ur Energy value than its market capitalization because it takes into account all of Ur Energy existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Ur Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ur Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ur Energy will appreciate offsetting losses from the drop in the long position's value.Moving against URE Stock
| 0.86 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.85 | CEF | Sprott Physical Gold | PairCorr |
| 0.79 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.62 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.56 | SLF-PC | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Ur Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ur Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ur Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ur Energy to buy it.
The correlation of Ur Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ur Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ur Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ur Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ur Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.