Ur Energy Correlations
| URE Stock | CAD 2.27 0.03 1.34% |
The current 90-days correlation between Ur Energy and enCore Energy Corp is 0.66 (i.e., Poor diversification). 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.
Ur Energy Correlation With Market
Weak diversification
The correlation between Ur Energy and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ur Energy and DJI in the same portfolio, assuming nothing else is changed.
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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.
Moving together with URE Stock
| 0.74 | SAGE | Sage Potash Corp | PairCorr |
| 0.73 | GSTM | Goldstorm Metals Corp | PairCorr |
| 0.83 | CSU | Constellation Software | PairCorr |
| 0.82 | WSP | WSP Global | PairCorr |
Moving against URE Stock
| 0.7 | ISRG | Intuitive Surgical CDR | PairCorr |
| 0.68 | IFC | Intact Financial | PairCorr |
| 0.68 | POW | Power | PairCorr |
| 0.63 | LAS-A | Lassonde Industries | PairCorr |
| 0.51 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.49 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.49 | PTEC | Principal Technologies | PairCorr |
| 0.44 | CLS | Celestica | PairCorr |
| 0.43 | ENS | E Split Corp | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between URE Stock performing well and Ur Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ur Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EU | 4.64 | (0.31) | 0.00 | (0.06) | 0.00 | 9.51 | 35.43 | |||
| URC | 3.38 | (0.11) | (0.01) | 0.02 | 4.11 | 7.03 | 32.36 | |||
| TNZ | 1.78 | (0.12) | 0.00 | 1.19 | 0.00 | 2.73 | 12.30 | |||
| VLE | 2.10 | 0.19 | 0.04 | (1.12) | 2.10 | 5.06 | 12.23 | |||
| PSI | 0.99 | 0.01 | (0.04) | 0.11 | 1.48 | 2.15 | 7.21 | |||
| SNM | 2.94 | (0.35) | 0.00 | (0.27) | 0.00 | 8.00 | 21.04 | |||
| SGY | 1.73 | (0.17) | 0.00 | 0.73 | 0.00 | 3.52 | 9.35 | |||
| TCW | 1.82 | (0.04) | 0.00 | 0.20 | 0.00 | 3.20 | 12.20 | |||
| MGA | 4.56 | 0.52 | 0.12 | 0.31 | 4.07 | 11.90 | 29.58 | |||
| MATR | 1.65 | (0.60) | 0.00 | (0.30) | 0.00 | 2.45 | 25.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ur Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ur Energy Corporate Management
Elected by the shareholders, the Ur Energy's board of directors comprises two types of representatives: Ur Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of URE. The board's role is to monitor Ur Energy's management team and ensure that shareholders' interests are well served. Ur Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ur Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven BSc | Chief Officer | Profile | |
| Ryan MSc | Vice Affairs | Profile | |
| Penne Goplerud | General Counsel, Corporate Secretary | Profile | |
| Ryan Schierman | Vice Affairs | Profile |