Uranium Energy Corp Stock Market Value
| UEC Stock | USD 8.09 0.02 0.25% |
| Symbol | Uranium |
Uranium Energy Corp Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Uranium Energy. If investors know Uranium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Uranium Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.81) | Earnings Share (0.07) | Revenue Per Share 0.001 | Quarterly Revenue Growth (1.00) | Return On Assets (0.04) |
The market value of Uranium Energy Corp is measured differently than its book value, which is the value of Uranium that is recorded on the company's balance sheet. Investors also form their own opinion of Uranium Energy's value that differs from its market value or its book value, called intrinsic value, which is Uranium Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Uranium Energy's market value can be influenced by many factors that don't directly affect Uranium Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Uranium Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Uranium Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uranium Energy'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.
Uranium Energy '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 Uranium Energy'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 Uranium Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Uranium Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Uranium Energy Corp or generate 0.0% return on investment in Uranium Energy over 30 days. Uranium Energy is related to or competes with Energy Fuels, Denison Mines, Ur Energy, Cameco Corp, and NexGen Energy. Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing... More
Uranium Energy 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 Uranium Energy'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 Uranium Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 17.94 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 8.45 |
Uranium Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uranium Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uranium Energy's standard deviation. In reality, there are many statistical measures that can use Uranium Energy historical prices to predict the future Uranium Energy's volatility.| Risk Adjusted Performance | 0.138 | |||
| Jensen Alpha | 0.5073 | |||
| Total Risk Alpha | 0.0712 | |||
| Sortino Ratio | 0.1586 | |||
| Treynor Ratio | 0.3857 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Uranium Energy'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.
Uranium Energy Corp Backtested Returns
Uranium Energy appears to be slightly risky, given 3 months investment horizon. Uranium Energy Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Uranium Energy's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please review Uranium Energy's Semi Deviation of 3.21, coefficient of variation of 590.68, and Risk Adjusted Performance of 0.138 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Uranium Energy holds a performance score of 17. The entity has a beta of 1.88, which indicates 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, Uranium Energy will likely underperform. Please check Uranium Energy's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Uranium Energy's existing price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Uranium Energy Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Uranium Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Uranium Energy Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Uranium Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Uranium Energy Corp lagged returns against current returns
Autocorrelation, which is Uranium Energy 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 Uranium Energy's stock expected returns. We can calculate the autocorrelation of Uranium Energy returns to help us make a trade decision. For example, suppose you find that Uranium Energy 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 |
Uranium Energy 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 Uranium Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uranium Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uranium Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Uranium Energy Lagged Returns
When evaluating Uranium Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uranium Energy stock have on its future price. Uranium Energy 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, Uranium Energy autocorrelation shows the relationship between Uranium Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Uranium Energy Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Uranium Energy Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Uranium Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Uranium Energy Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Uranium Energy Corp Stock:Check out Uranium Energy Correlation, Uranium Energy Volatility and Uranium Energy Alpha and Beta module to complement your research on Uranium Energy. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Uranium Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.