Denison Mines Corp Stock Alpha and Beta Analysis
| DNN Stock | USD 2.30 0.03 1.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Denison Mines Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Denison Mines over a specified time horizon. Remember, high Denison Mines' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Denison Mines' market risk premium analysis include:
Beta 0.85 | Alpha 0.4 | Risk 3.41 | Sharpe Ratio 0.21 | Expected Return 0.7 |
Denison Mines Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Denison |
Denison Mines Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Denison Mines market risk premium is the additional return an investor will receive from holding Denison Mines long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Denison Mines. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Denison Mines' performance over market.| α | 0.40 | β | 0.85 |
Denison Mines expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Denison Mines' Buy-and-hold return. Our buy-and-hold chart shows how Denison Mines performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Denison Mines Market Price Analysis
Market price analysis indicators help investors to evaluate how Denison Mines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Denison Mines shares will generate the highest return on investment. By understating and applying Denison Mines stock market price indicators, traders can identify Denison Mines position entry and exit signals to maximize returns.
Denison Mines Return and Market Media
The median price of Denison Mines for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 1.93 with a coefficient of variation of 14.34. The daily time series for the period is distributed with a sample standard deviation of 0.28, arithmetic mean of 1.94, and mean deviation of 0.24. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Foremost Lithium enters option deal with Denison on Canada uranium assets | 09/25/2024 |
2 | Skyharbour Partner Medaro Mining Announces Exploration Plan for the Yurchison Uranium Project Located in the Athabasca Basin, Saskatchewan | 10/08/2024 |
3 | CanAlaska Assays Confirm Ultra High-Grade Uranium Mineralization at Pike Zone on West McArthur Joint Venture | 10/10/2024 |
4 | Heres Why The Uranium ETF URA Has Gone Vertical | 10/17/2024 |
5 | Mustang Energy Corp Accelerates Ford Lake Project with Secured Exploration Permit | 10/22/2024 |
6 | Foremost Clean Energy Announces Revised Brokered Private Placement for Gross Proceeds of up to C9.5 Million | 10/25/2024 |
7 | Applies for Drill Permit on the Case Lake West Cesium and Spodumene Pegmatite Project in Larder Lake Mining division of Ontario | 11/07/2024 |
8 | Grounded Lithium Reports Third Quarter 2024 Financial and Operating Results | 11/20/2024 |
9 | Denison Announces Agreement to Form Exploration Joint Ventures with Cosa Resources | 11/27/2024 |
About Denison Mines Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Denison or other stocks. Alpha measures the amount that position in Denison Mines Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 66.72 | 89.24 | 376.41 | 350.28 | PTB Ratio | 3.44 | 2.91 | 3.07 | 3.3 |
Denison Mines Upcoming Company Events
As portrayed in its financial statements, the presentation of Denison Mines' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Denison Mines' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Denison Mines' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Denison Mines. Please utilize our Beneish M Score to check the likelihood of Denison Mines' management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Denison Mines Backtesting, Denison Mines Valuation, Denison Mines Correlation, Denison Mines Hype Analysis, Denison Mines Volatility, Denison Mines History and analyze Denison Mines Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Denison Mines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.