Ur Energy Correlations

URG Stock

USD 1.33 0.06 4.32%

The current 90-days correlation between Ur Energy and Energy Fuels is -0.01 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Ur Energy Correlation With Market

Very good diversification

The correlation between Ur Energy and DJI is -0.22 (i.e., Very good 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.

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 metropolitan statistical area.

For more detail on how to invest in URG Stock please use our How to Invest in Ur Energy guide.

Moving together with URG Stock

0.62	EU	enCore Energy Corp	Pair Corr
0.83	CCJ	Cameco Corp	Pair Corr
0.85	DNN	Denison Mines Corp Aggressive Push	Pair Corr
0.77	LEU	Centrus Energy	Pair Corr
0.86	NXE	NexGen Energy	Pair Corr
0.83	UEC	Uranium Energy Corp	Pair Corr
0.82	UROY	Uranium Royalty Corp	Pair Corr
0.8	UUUU	Energy Fuels	Pair Corr
0.67	EE	Excelerate Energy	Pair Corr
0.64	DMLP	Dorchester Minerals	Pair Corr
0.61	VNOM	Viper Energy Ut	Pair Corr
0.61	EFXT	Enerflex	Pair Corr

Moving against URG Stock

0.66	DK	Delek Energy	Pair Corr
0.64	DINO	HF Sinclair Corp	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.56	BP	BP PLC ADR	Pair Corr
0.37	E	Eni SpA ADR	Pair Corr
0.62	SD	SandRidge Energy	Pair Corr
0.57	VIVK	Vivakor	Pair Corr
0.53	NE	Noble plc	Pair Corr
0.51	NR	Newpark Resources	Pair Corr
0.35	VTLE	Vital Energy	Pair Corr

Related Correlations Analysis

	UUUU	UEC	DNN	NXE	FCUUF
UUUU		0.96	0.96	0.92	0.19	UUUU
UEC	0.96		0.98	0.95	0.33	UEC
DNN	0.96	0.98		0.96	0.33	DNN
NXE	0.92	0.95	0.96		0.37	NXE
FCUUF	0.19	0.33	0.33	0.37		FCUUF
	UUUU	UEC	DNN	NXE	FCUUF

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Risk-Adjusted Indicators

There is a big difference between URG 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
UUUU	3.25	0.47	0.15	0.36	3.40	(3.89)	7.07	(5.35)	22.36
UEC	3.54	0.63	0.20	0.36	3.25	(4.39)	11.59	(5.58)	22.80
DNN	2.91	0.55	0.18	0.49	2.56	(3.88)	6.96	(4.46)	22.38
NXE	2.35	0.55	0.16	(5.12)	2.28	(2.85)	6.94	(4.56)	19.63
FCUUF	3.39	(0.10)	0.00	(0.99)	0.00	0.00	8.62	(7.35)	30.29

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