Ucore Rare Metals Stock Market Value
| UCU Stock | CAD 0.64 0.02 3.23% |
| Symbol | Ucore |
Ucore Rare Metals Price To Book Ratio
Ucore Rare '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 Ucore Rare'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 Ucore Rare.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ucore Rare on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ucore Rare Metals or generate 0.0% return on investment in Ucore Rare over 30 days. Ucore Rare is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Ucore Rare Metals Inc. engages in the exploration and separation of rare earth elements in Canada and the United States More
Ucore Rare 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 Ucore Rare'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 Ucore Rare Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.79 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.9 |
Ucore Rare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ucore Rare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ucore Rare's standard deviation. In reality, there are many statistical measures that can use Ucore Rare historical prices to predict the future Ucore Rare's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0388 |
Ucore Rare Metals Backtested Returns
At this stage we consider Ucore Stock to be abnormally volatile. Ucore Rare Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0241, which indicates the firm had a 0.0241% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ucore Rare Metals, which you can use to evaluate the volatility of the company. Please validate Ucore Rare's Coefficient Of Variation of 10774.02, semi deviation of 2.69, and Risk Adjusted Performance of 0.0149 to confirm if the risk estimate we provide is consistent with the expected return of 0.0826%. Ucore Rare has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Ucore Rare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ucore Rare is expected to be smaller as well. Ucore Rare Metals right now has a risk of 3.43%. Please validate Ucore Rare maximum drawdown and the relationship between the semi variance and day typical price , to decide if Ucore Rare will be following its existing price patterns.
Auto-correlation | 0.74 |
Good predictability
Ucore Rare Metals has good predictability. Overlapping area represents the amount of predictability between Ucore Rare time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Ucore Rare Metals price movement. The serial correlation of 0.74 indicates that around 74.0% of current Ucore Rare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ucore Rare Metals lagged returns against current returns
Autocorrelation, which is Ucore Rare 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 Ucore Rare's stock expected returns. We can calculate the autocorrelation of Ucore Rare returns to help us make a trade decision. For example, suppose you find that Ucore Rare 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 |
Ucore Rare 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 Ucore Rare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ucore Rare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ucore Rare stock over time.
Current vs Lagged Prices |
| Timeline |
Ucore Rare Lagged Returns
When evaluating Ucore Rare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ucore Rare stock have on its future price. Ucore Rare 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, Ucore Rare autocorrelation shows the relationship between Ucore Rare stock current value and its past values and can show if there is a momentum factor associated with investing in Ucore Rare Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ucore Stock Analysis
When running Ucore Rare's price analysis, check to measure Ucore Rare'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 Ucore Rare is operating at the current time. Most of Ucore Rare's value examination focuses on studying past and present price action to predict the probability of Ucore Rare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ucore Rare's price. Additionally, you may evaluate how the addition of Ucore Rare to your portfolios can decrease your overall portfolio volatility.