Ur Energy Stock Market Value
| URE Stock | CAD 1.84 0.04 2.22% |
| Symbol | URE |
Ur Energy Price To Book Ratio
Ur 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 Ur 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 Ur Energy.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Ur Energy on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ur Energy or generate 0.0% return on investment in Ur Energy over 690 days. Ur Energy is related to or competes with Denison Mines, Energy Fuels, Laramide Resources, Mega Uranium, and Purepoint Uranium. Ur-Energy Inc. engages in the acquisition, exploration, development, and operation of uranium mineral properties More
Ur 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 Ur 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 Ur Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0603 | |||
| Maximum Drawdown | 11.14 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.88 |
Ur Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ur Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ur Energy's standard deviation. In reality, there are many statistical measures that can use Ur Energy historical prices to predict the future Ur Energy's volatility.| Risk Adjusted Performance | 0.0897 | |||
| Jensen Alpha | 0.3027 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.064 | |||
| Treynor Ratio | (1.13) |
Ur Energy Backtested Returns
Ur Energy appears to be very risky, given 3 months investment horizon. Ur Energy retains Efficiency (Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ur Energy, which you can use to evaluate the volatility of the company. Please review Ur Energy's Mean Deviation of 2.06, downside deviation of 2.49, and Risk Adjusted Performance of 0.0897 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ur Energy holds a performance score of 14. The entity owns a Beta (Systematic Risk) of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ur Energy are expected to decrease at a much lower rate. During the bear market, Ur Energy is likely to outperform the market. Please check Ur Energy's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Ur Energy's current price history will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Ur Energy has very good reverse predictability. Overlapping area represents the amount of predictability between Ur Energy time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Ur Energy price movement. The serial correlation of -0.67 indicates that around 67.0% of current Ur Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Ur Energy lagged returns against current returns
Autocorrelation, which is Ur 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 Ur Energy's stock expected returns. We can calculate the autocorrelation of Ur Energy returns to help us make a trade decision. For example, suppose you find that Ur 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 |
Ur 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 Ur Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ur Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ur Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Ur Energy Lagged Returns
When evaluating Ur Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ur Energy stock have on its future price. Ur 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, Ur Energy autocorrelation shows the relationship between Ur Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Ur Energy.
Regressed Prices |
| Timeline |
Pair Trading with Ur Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ur Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ur Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with URE Stock
Moving against URE Stock
The ability to find closely correlated positions to Ur Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ur Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ur Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ur Energy to buy it.
The correlation of Ur Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ur Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ur Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ur Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ur Energy Correlation, Ur Energy Volatility and Ur Energy Alpha and Beta module to complement your research on Ur Energy. To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Ur 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.