Uranium Royalty Corp Stock Market Value
| UROY Stock | USD 2.44 0.01 0.41% |
| Symbol | Uranium |
Uranium Royalty 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 Royalty. 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 Royalty 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 4.622 | Earnings Share 0.05 | Revenue Per Share | Quarterly Revenue Growth (0.12) | Return On Assets |
The market value of Uranium Royalty 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 Royalty's value that differs from its market value or its book value, called intrinsic value, which is Uranium Royalty'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 Royalty's market value can be influenced by many factors that don't directly affect Uranium Royalty'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 Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Uranium Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uranium Royalty'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 Royalty '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 Royalty'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 Royalty.
| 02/10/2023 |
| 01/30/2025 |
If you would invest 0.00 in Uranium Royalty on February 10, 2023 and sell it all today you would earn a total of 0.00 from holding Uranium Royalty Corp or generate 0.0% return on investment in Uranium Royalty over 720 days. Uranium Royalty is related to or competes with Energy Fuels, NexGen Energy, EnCore Energy, Ur Energy, Denison Mines, and Cameco Corp. Uranium Royalty Corp. operates as a pure-play uranium royalty company More
Uranium Royalty 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 Royalty'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 Royalty Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 23.63 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 5.95 |
Uranium Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Uranium Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Uranium Royalty's standard deviation. In reality, there are many statistical measures that can use Uranium Royalty historical prices to predict the future Uranium Royalty's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.47 |
Uranium Royalty Corp Backtested Returns
Uranium Royalty Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0293, which indicates the firm had a -0.0293 % return per unit of risk over the last 3 months. Uranium Royalty Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Uranium Royalty's Risk Adjusted Performance of (0.04), variance of 12.59, and Coefficient Of Variation of (1,927) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Uranium Royalty are expected to decrease at a much lower rate. During the bear market, Uranium Royalty is likely to outperform the market. At this point, Uranium Royalty Corp has a negative expected return of -0.11%. Please make sure to validate Uranium Royalty's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Uranium Royalty Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Uranium Royalty Corp has virtually no predictability. Overlapping area represents the amount of predictability between Uranium Royalty time series from 10th of February 2023 to 5th of February 2024 and 5th of February 2024 to 30th of January 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 Uranium Royalty Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Uranium Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Uranium Royalty Corp lagged returns against current returns
Autocorrelation, which is Uranium Royalty 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 Royalty's stock expected returns. We can calculate the autocorrelation of Uranium Royalty returns to help us make a trade decision. For example, suppose you find that Uranium Royalty 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 Royalty 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 Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Uranium Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Uranium Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Uranium Royalty Lagged Returns
When evaluating Uranium Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Uranium Royalty stock have on its future price. Uranium Royalty 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 Royalty autocorrelation shows the relationship between Uranium Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Uranium Royalty Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Uranium Stock Analysis
When running Uranium Royalty's price analysis, check to measure Uranium Royalty'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 Uranium Royalty is operating at the current time. Most of Uranium Royalty's value examination focuses on studying past and present price action to predict the probability of Uranium Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uranium Royalty's price. Additionally, you may evaluate how the addition of Uranium Royalty to your portfolios can decrease your overall portfolio volatility.