URE Roe from 2010 to 2024
| URE Stock | CAD 1.83 0.01 0.54% |
ROE | First Reported 2010-12-31 | Previous Quarter (0.41) | Current Value (0.43) | Quarterly Volatility 0.22480487 |
Check Ur Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ur Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 M, Interest Expense of 505.8 K or Selling General Administrative of 4.8 M, as well as many indicators such as Price To Sales Ratio of 21.52, Dividend Yield of 0.0 or PTB Ratio of 5.62. URE financial statements analysis is a perfect complement when working with Ur Energy Valuation or Volatility modules.
URE | Roe |
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 together with URE Stock
Moving against URE Stock
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 the analysis of Ur Energy Correlation against competitors. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.