Energy Fuels Correlations

UUUU Stock

USD 20.57 0.15 0.72%

The current 90-days correlation between Energy Fuels and NexGen Energy is 0.83 (i.e., Very poor diversification). The correlation of Energy Fuels 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Energy Fuels Correlation With Market

Poor diversification

The correlation between Energy Fuels and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy Fuels and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Energy Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Energy Fuels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Energy Stock please use our How to Invest in Energy Fuels guide.

Moving together with Energy Stock

0.74	E	Eni SpA ADR	Pair Corr
0.95	EC	Ecopetrol SA ADR	Pair Corr
0.87	SU	Suncor Energy	Pair Corr
0.77	21Y	FIDELITY CN SPSITREG	Pair Corr
0.83	ECHA	Ecopetrol SA	Pair Corr
0.9	0LZ	Yellow Cake plc	Pair Corr
0.81	MEU	Marmota	Pair Corr
0.62	OMV	OMV Aktiengesellschaft	Pair Corr
0.74	6TU	enCore Energy Corp	Pair Corr
0.78	1QR	IMPAX ENVIRONMTL MKTS	Pair Corr
0.63	1R4	LAW DEBENTURE PLS	Pair Corr
0.77	EQNR	Equinor ASA ADR	Pair Corr

Moving against Energy Stock

0.74	0R4P	Lifco AB Series	Pair Corr
0.71	L0MA	NEXTLEAF SOLUTIONS	Pair Corr
0.67	7GE	Geo Energy Resources Earnings Call Next Week	Pair Corr
0.51	0L9Z	Kabe Group AB	Pair Corr
0.46	0HC8	Roularta Media Group	Pair Corr
0.44	BLZ	BLAZE Minerals	Pair Corr
0.42	0IVB	Innelec Multimedia	Pair Corr
0.39	9OC	Oracle Power plc	Pair Corr
0.76	0KGH	Paycom Software	Pair Corr
0.41	H7H	Hallador Energy	Pair Corr
0.37	SLT	SCHALTBAU HOLDING	Pair Corr

Related Correlations Analysis

	NXE	PBF	VAL	VVV	DNN	MGY	CRC	MUR	ENPH	CNR
NXE		0.0	0.34	0.51	0.98	0.59	0.6	0.25	0.74	0.76	NXE
PBF	0.0		0.42	0.43	0.07	0.48	0.5	-0.21	0.07	-0.24	PBF
VAL	0.34	0.42		0.87	0.45	0.79	0.81	0.36	0.62	-0.01	VAL
VVV	0.51	0.43	0.87		0.63	0.88	0.89	0.23	0.79	0.22	VVV
DNN	0.98	0.07	0.45	0.63		0.68	0.7	0.23	0.82	0.74	DNN
MGY	0.59	0.48	0.79	0.88	0.68		0.97	0.2	0.79	0.15	MGY
CRC	0.6	0.5	0.81	0.89	0.7	0.97		0.18	0.78	0.19	CRC
MUR	0.25	-0.21	0.36	0.23	0.23	0.2	0.18		0.31	0.17	MUR
ENPH	0.74	0.07	0.62	0.79	0.82	0.79	0.78	0.31		0.55	ENPH
CNR	0.76	-0.24	-0.01	0.22	0.74	0.15	0.19	0.17	0.55		CNR
	NXE	PBF	VAL	VVV	DNN	MGY	CRC	MUR	ENPH	CNR

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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

DNN	+ 0.98	NXE
CRC	+ 0.97	MGY
CRC	+ 0.89	VVV
MGY	+ 0.88	VVV
VVV	+ 0.87	VAL
ENPH	+ 0.82	DNN

High negative correlations

CNR	- 0.24	PBF
MUR	- 0.21	PBF
CNR	- 0.01	VAL
PBF	- 0.0	NXE

Risk-Adjusted Indicators

There is a big difference between Energy Stock performing well and Energy Fuels 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 Energy Fuels' 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
NXE	2.82	0.45	0.12	0.42	3.16	(2.85)	6.34	(5.51)	18.75
PBF	2.74	(0.21)	0.00	(0.42)	0.00	0.00	5.20	(5.87)	19.72
VAL	2.75	0.70	0.23	0.60	2.50	(3.19)	7.22	(6.28)	39.09
VVV	1.62	0.32	0.16	29.90	1.45	(1.89)	3.83	(2.86)	10.00
DNN	3.23	0.59	0.16	0.40	3.25	(3.87)	7.05	(5.43)	23.91
MGY	1.44	0.19	0.09	0.50	1.67	(1.54)	3.08	(2.92)	8.43
CRC	1.57	0.25	0.11	0.50	1.70	(1.71)	3.61	(3.17)	8.47
MUR	2.31	0.13	0.04	0.17	2.86	(2.56)	4.82	(4.16)	19.82
ENPH	3.00	0.61	0.21	0.27	2.84	(3.69)	5.30	(5.49)	47.12
CNR	1.91	0.19	0.06	1.01	2.28	(2.08)	4.98	(3.61)	12.04

Energy Fuels Corporate Management

Nathan Bennett	Interim Officer	Profile
CPA BBus	Senior Finance	Profile
MBA JD	Senior Development	Profile
Michiel Akkooi	Senior Affairs	Profile
John Uhrie	Chief Officer	Profile

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