Elevate Uranium Stock Market Value
| ELVUF Stock | USD 0.20 0.01 5.26% |
| Symbol | Elevate |
Elevate 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 Elevate 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 Elevate Uranium.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Elevate Uranium on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Elevate Uranium or generate 0.0% return on investment in Elevate Uranium over 30 days. Elevate Uranium is related to or competes with Isoenergy, Paladin Energy, F3 Uranium, EnCore Energy, Purepoint Uranium, Ur Energy, and Uranium Energy. Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits More
Elevate 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 Elevate 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 Elevate Uranium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.01 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 47.86 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 11.54 |
Elevate Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elevate Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elevate Uranium's standard deviation. In reality, there are many statistical measures that can use Elevate Uranium historical prices to predict the future Elevate Uranium's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (1.38) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elevate Uranium's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elevate Uranium Backtested Returns
At this point, Elevate Uranium is out of control. Elevate Uranium secures Sharpe Ratio (or Efficiency) of 0.0175, which denotes the company had a 0.0175% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elevate Uranium, which you can use to evaluate the volatility of the firm. Please confirm Elevate Uranium's Downside Deviation of 10.01, mean deviation of 5.47, and Coefficient Of Variation of 28258.79 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Elevate Uranium has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.27, which means 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, Elevate Uranium will likely underperform. Elevate Uranium right now shows a risk of 8.99%. Please confirm Elevate Uranium jensen alpha and the relationship between the value at risk and day typical price , to decide if Elevate Uranium will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Elevate Uranium has poor reverse predictability. Overlapping area represents the amount of predictability between Elevate Uranium time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Elevate Uranium price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Elevate Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elevate Uranium lagged returns against current returns
Autocorrelation, which is Elevate 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 Elevate Uranium's otc stock expected returns. We can calculate the autocorrelation of Elevate Uranium returns to help us make a trade decision. For example, suppose you find that Elevate 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 |
| Timeline |
Elevate 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 Elevate Uranium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elevate 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 Elevate Uranium otc stock over time.
Current vs Lagged Prices |
| Timeline |
Elevate Uranium Lagged Returns
When evaluating Elevate Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elevate Uranium otc stock have on its future price. Elevate 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, Elevate Uranium autocorrelation shows the relationship between Elevate Uranium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Elevate Uranium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Elevate OTC Stock
Elevate Uranium financial ratios help investors to determine whether Elevate 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 Elevate with respect to the benefits of owning Elevate Uranium security.