Standard Uranium Stock Market Value
| STND Stock | CAD 0.09 0.01 5.56% |
| Symbol | Standard |
Standard Uranium Price To Book Ratio
Standard 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 Standard Uranium's 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 Standard Uranium.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Standard Uranium on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Standard Uranium or generate 0.0% return on investment in Standard Uranium over 270 days. Standard Uranium is related to or competes with Global Atomic, and EnCore Energy. Standard Uranium Ltd., an exploration company, acquires, evaluates, and develops uranium properties in Canada More
Standard 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 Standard Uranium's 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 Standard Uranium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 30.15 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.5 |
Standard Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Standard Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Standard Uranium's standard deviation. In reality, there are many statistical measures that can use Standard Uranium historical prices to predict the future Standard Uranium's volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | 0.2327 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Standard 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.
Standard Uranium Backtested Returns
Standard Uranium owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0039, which indicates the firm had a -0.0039% return per unit of risk over the last 3 months. Standard Uranium exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Standard Uranium's Risk Adjusted Performance of 0.0076, coefficient of variation of (59,062), and Variance of 47.85 to confirm the risk estimate we provide. The entity has a beta of -0.0933, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Standard Uranium are expected to decrease at a much lower rate. During the bear market, Standard Uranium is likely to outperform the market. At this point, Standard Uranium has a negative expected return of -0.0263%. Please make sure to validate Standard Uranium's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Standard Uranium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Standard Uranium has modest predictability. Overlapping area represents the amount of predictability between Standard Uranium time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Standard Uranium price movement. The serial correlation of 0.55 indicates that about 55.0% of current Standard Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Standard Uranium lagged returns against current returns
Autocorrelation, which is Standard Uranium 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 Standard Uranium's stock expected returns. We can calculate the autocorrelation of Standard Uranium returns to help us make a trade decision. For example, suppose you find that Standard Uranium has exhibited high autocorrelation historically, and you observe that the 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 |
Standard 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 Standard Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Standard Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Standard Uranium stock over time.
Current vs Lagged Prices |
| Timeline |
Standard Uranium Lagged Returns
When evaluating Standard Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Standard Uranium stock have on its future price. Standard 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, Standard Uranium autocorrelation shows the relationship between Standard Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in Standard Uranium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Standard Stock Analysis
When running Standard Uranium's price analysis, check to measure Standard Uranium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Standard Uranium is operating at the current time. Most of Standard Uranium's value examination focuses on studying past and present price action to predict the probability of Standard Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard Uranium's price. Additionally, you may evaluate how the addition of Standard Uranium to your portfolios can decrease your overall portfolio volatility.