Mega Uranium's market value is the price at which a share of Mega Uranium trades on a public exchange. It measures the collective expectations of Mega Uranium investors about its performance. Mega Uranium is trading at 0.23 as of the 1st of February 2025. This is a 4.55% up since the beginning of the trading day. The stock's lowest day price was 0.22. With this module, you can estimate the performance of a buy and hold strategy of Mega Uranium and determine expected loss or profit from investing in Mega Uranium over a given investment horizon. Check out Mega Uranium Correlation, Mega Uranium Volatility and Mega Uranium Alpha and Beta module to complement your research on Mega Uranium.
Please note, there is a significant difference between Mega Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mega Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mega Uranium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mega 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 Mega Uranium's pink sheet 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 Mega Uranium.
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02/07/2024
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In 11 months and 27 days
02/01/2025
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If you would invest 0.00 in Mega Uranium on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Mega Uranium or generate 0.0% return on investment in Mega Uranium over 360 days. Mega Uranium is related to or competes with Purepoint Uranium, Elevate Uranium, Bannerman Resources, Isoenergy, Paladin Energy, F3 Uranium, and EnCore Energy. Mega Uranium Ltd., a mineral exploration and development company, explores for uranium prospective properties primarily ... More
Mega 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 Mega Uranium's pink sheet 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 Mega Uranium upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mega Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mega Uranium's standard deviation. In reality, there are many statistical measures that can use Mega Uranium historical prices to predict the future Mega Uranium's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mega Uranium. Your research has to be compared to or analyzed against Mega Uranium's peers to derive any actionable benefits. When done correctly, Mega Uranium's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mega Uranium.
Mega Uranium Backtested Returns
At this point, Mega Uranium is out of control. Mega Uranium has Sharpe Ratio of 0.0212, which conveys that the firm had a 0.0212 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mega Uranium, which you can use to evaluate the volatility of the firm. Please verify Mega Uranium's Downside Deviation of 5.08, risk adjusted performance of 0.0259, and Mean Deviation of 3.16 to check out if the risk estimate we provide is consistent with the expected return of 0.0929%. Mega Uranium has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mega Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mega Uranium is expected to be smaller as well. Mega Uranium right now secures a risk of 4.37%. Please verify Mega Uranium standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Mega Uranium will be following its current price movements.
Auto-correlation
-0.21
Weak reverse predictability
Mega Uranium has weak reverse predictability. Overlapping area represents the amount of predictability between Mega Uranium time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mega Uranium price movement. The serial correlation of -0.21 indicates that over 21.0% of current Mega Uranium price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.21
Spearman Rank Test
-0.6
Residual Average
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Price Variance
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Mega Uranium lagged returns against current returns
Autocorrelation, which is Mega Uranium pink sheet'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 Mega Uranium's pink sheet expected returns. We can calculate the autocorrelation of Mega Uranium returns to help us make a trade decision. For example, suppose you find that Mega Uranium has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Mega 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 Mega Uranium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mega Uranium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mega Uranium pink sheet over time.
Current vs Lagged Prices
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Mega Uranium Lagged Returns
When evaluating Mega Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mega Uranium pink sheet have on its future price. Mega 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, Mega Uranium autocorrelation shows the relationship between Mega Uranium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Mega Uranium.
Mega Uranium financial ratios help investors to determine whether Mega Pink Sheet 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 Mega with respect to the benefits of owning Mega Uranium security.