URE Pfcf Ratio vs Pb Ratio Analysis
URE Stock | CAD 1.83 0.01 0.54% |
Ur Energy financial indicator trend analysis is much more than just breaking down Ur Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ur Energy is a good investment. Please check the relationship between Ur Energy Pfcf Ratio and its Pb Ratio accounts. 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 board of governors. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.
Pfcf Ratio vs Pb Ratio
Pfcf Ratio vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ur Energy Pfcf Ratio account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ur Energy's Pfcf Ratio and Pb Ratio is -0.26. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Ur Energy, assuming nothing else is changed. The correlation between historical values of Ur Energy's Pfcf Ratio and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Ur Energy are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Pfcf Ratio i.e., Ur Energy's Pfcf Ratio and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pfcf Ratio
Pb Ratio
Most indicators from Ur Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ur Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 board of governors. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.At this time, Ur Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 364.7 M, while Selling General Administrative is likely to drop about 4.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16K | 19K | 17.7M | 16.5M | Cost Of Revenue | 7M | 6.9M | 19.4M | 17.2M |
Ur Energy fundamental ratios Correlations
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Ur Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ur Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 90.4M | 81.8M | 120.8M | 107.9M | 128.4M | 100.1M | |
Short Long Term Debt Total | 12.2M | 13.2M | 12.3M | 11.1M | 6.5M | 6.2M | |
Other Current Liab | 1.6M | 2.6M | 4.0M | 518K | 2.4M | 2.5M | |
Total Current Liabilities | 2.3M | 3.6M | 6.2M | 6.6M | 10.0M | 6.2M | |
Total Stockholder Equity | 44.3M | 34.1M | 69.4M | 62.5M | 74.9M | 45.6M | |
Property Plant And Equipment Net | 66.8M | 61.1M | 56.3M | 55.8M | 56.0M | 61.7M | |
Net Debt | 4.5M | 9.0M | (33.8M) | (21.9M) | (53.2M) | (50.5M) | |
Retained Earnings | (165.4M) | (180.2M) | (203.1M) | (220.3M) | (250.9M) | (238.4M) | |
Accounts Payable | 523K | 396K | 854K | 660K | 1.7M | 1.8M | |
Cash | 7.8M | 4.3M | 46.2M | 33.0M | 59.7M | 62.7M | |
Non Current Assets Total | 81.7M | 76.7M | 72.2M | 64.0M | 64.7M | 70.9M | |
Non Currrent Assets Other | 14.9M | 15.6M | 15.8M | 8.1M | 8.6M | 8.3M | |
Other Assets | 15.2M | 15.7M | 15.9M | 8.1M | 9.4M | 7.7M | |
Cash And Short Term Investments | 7.8M | 4.3M | 46.2M | 33.0M | 59.7M | 62.7M | |
Net Receivables | 22K | 0.0 | 4K | 8K | 77K | 73.2K | |
Common Stock Shares Outstanding | 151.6M | 159.9M | 164.3M | 195.7M | 260.0M | 143.7M | |
Liabilities And Stockholders Equity | 90.4M | 81.8M | 120.8M | 107.9M | 128.4M | 100.1M | |
Non Current Liabilities Total | 43.8M | 44.2M | 45.2M | 38.8M | 43.5M | 37.0M | |
Inventory | 4.5M | 1.8M | 0.0 | 9.9M | 2.6M | 2.2M | |
Other Current Assets | 885K | 814K | 2.4M | 1.0M | 1.3M | 805.1K | |
Other Stockholder Equity | 20.3M | 20.9M | 20.0M | 19.8M | 19.9M | 37.8M | |
Total Liab | 46.1M | 47.7M | 51.5M | 45.4M | 53.5M | 37.3M | |
Property Plant And Equipment Gross | 66.8M | 61.1M | 75.4M | 76.6M | 78.8M | 65.4M | |
Total Current Assets | 8.7M | 5.1M | 48.6M | 43.9M | 63.7M | 66.9M | |
Accumulated Other Comprehensive Income | 3.7M | 3.7M | 4.1M | 4.3M | 3.7M | 2.0M | |
Short Term Debt | 0.0 | 459K | 1.3M | 5.4M | 5.9M | 3.6M | |
Common Stock Total Equity | 177.1M | 185.2M | 185.8M | 189.6M | 218.1M | 194.8M | |
Intangible Assets | 28K | 25K | 56K | 79K | 131K | 115.2K | |
Common Stock | 185.8M | 189.6M | 248.3M | 258.6M | 302.2M | 220.3M | |
Other Liab | 31.5M | 31.4M | 34.2M | 33.1M | 38.0M | 32.7M | |
Net Tangible Assets | 44.3M | 34.1M | 69.3M | 62.4M | 71.8M | 49.0M | |
Long Term Debt | 12.2M | 12.7M | 11.1M | 5.7M | 5.1M | 4.9M | |
Property Plant Equipment | 66.8M | 61.1M | 56.3M | 55.8M | 50.2M | 55.6M | |
Long Term Debt Total | 12.2M | 12.7M | 11.1M | 5.7M | 5.1M | 4.9M | |
Capital Surpluse | 20.3M | 20.9M | 20.0M | 19.8M | 22.8M | 20.1M | |
Cash And Equivalents | 6.0M | 3.4M | 37.1M | 30.4M | 35.0M | 36.8M |
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 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 board of governors. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.