Azincourt Uranium Stock Market Value
| AZURF Stock | USD 0.01 0.0007 6.42% |
| Symbol | Azincourt |
Azincourt Uranium 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Azincourt Uranium's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Azincourt Uranium.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Azincourt Uranium on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Azincourt Uranium or generate 0.0% return on investment in Azincourt Uranium over 90 days. Azincourt Uranium is related to or competes with Aura Energy, Purepoint Uranium, Isoenergy, and Bannerman Resources. Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuelsalternative energy secto... More
Azincourt Uranium Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Azincourt Uranium's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Azincourt Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.29 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 69.83 | |||
| Value At Risk | (15.93) | |||
| Potential Upside | 28.4 |
Azincourt Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azincourt Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azincourt Uranium's standard deviation. In reality, there are many statistical measures that can use Azincourt Uranium historical prices to predict the future Azincourt Uranium's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.1278 | |||
| Total Risk Alpha | (1.32) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.1628 |
Azincourt Uranium Backtested Returns
Azincourt Uranium appears to be out of control, given 3 months investment horizon. Azincourt Uranium secures Sharpe Ratio (or Efficiency) of 0.0435, which signifies that the company had a 0.0435% return per unit of risk over the last 3 months. By analyzing Azincourt Uranium's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Azincourt Uranium's Risk Adjusted Performance of 0.0426, mean deviation of 7.5, and Downside Deviation of 10.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Azincourt Uranium holds a performance score of 3. The firm shows a Beta (market volatility) of 3.01, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Azincourt Uranium will likely underperform. Please check Azincourt Uranium's total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Azincourt Uranium's price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Azincourt Uranium has virtually no predictability. Overlapping area represents the amount of predictability between Azincourt Uranium time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azincourt Uranium price movement. The serial correlation of 0.01 indicates that just 1.0% of current Azincourt Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azincourt Uranium lagged returns against current returns
Autocorrelation, which is Azincourt Uranium otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Azincourt Uranium's otc stock expected returns. We can calculate the autocorrelation of Azincourt Uranium returns to help us make a trade decision. For example, suppose you find that Azincourt Uranium has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Azincourt Uranium regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Azincourt Uranium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azincourt Uranium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azincourt Uranium otc stock over time.
Current vs Lagged Prices |
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Azincourt Uranium Lagged Returns
When evaluating Azincourt Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azincourt Uranium otc stock have on its future price. Azincourt Uranium autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Azincourt Uranium autocorrelation shows the relationship between Azincourt Uranium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Azincourt Uranium.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Azincourt OTC Stock
Azincourt Uranium financial ratios help investors to determine whether Azincourt OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Azincourt with respect to the benefits of owning Azincourt Uranium security.