Western Uranium Vanadium Stock Market Value
| WSTRF Stock | USD 0.84 0.03 3.45% |
| Symbol | Western |
Western 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 Western Uranium's otc 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 Western Uranium.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Western Uranium on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Western Uranium Vanadium or generate 0.0% return on investment in Western Uranium over 180 days. Western Uranium is related to or competes with Isoenergy, Paladin Energy, F3 Uranium, EnCore Energy, Ur Energy, Uranium Energy, and Centrus Energy. Western Uranium Vanadium Corp. engages in the acquisition and development of uranium and vanadium resource properties in... More
Western 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 Western Uranium's otc 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 Western Uranium Vanadium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 18.11 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 5.98 |
Western Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Uranium's standard deviation. In reality, there are many statistical measures that can use Western Uranium historical prices to predict the future Western Uranium's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | (1.63) |
Western Uranium Vanadium Backtested Returns
Western Uranium Vanadium shows Sharpe Ratio of -0.18, which attests that the company had a -0.18% return per unit of risk over the last 3 months. Western Uranium Vanadium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Uranium's Market Risk Adjusted Performance of (1.62), standard deviation of 3.39, and Mean Deviation of 2.48 to validate the risk estimate we provide. The firm maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Western Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Uranium is expected to be smaller as well. At this point, Western Uranium Vanadium has a negative expected return of -0.63%. Please make sure to check out Western Uranium's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Western Uranium Vanadium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Western Uranium Vanadium has below average predictability. Overlapping area represents the amount of predictability between Western Uranium time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Western Uranium Vanadium price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Western Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Western Uranium Vanadium lagged returns against current returns
Autocorrelation, which is Western Uranium otc 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 Western Uranium's otc stock expected returns. We can calculate the autocorrelation of Western Uranium returns to help us make a trade decision. For example, suppose you find that Western Uranium has exhibited high autocorrelation historically, and you observe that the otc 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 |
Western 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 Western Uranium otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Uranium otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Uranium otc stock over time.
Current vs Lagged Prices |
| Timeline |
Western Uranium Lagged Returns
When evaluating Western Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Uranium otc stock have on its future price. Western 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, Western Uranium autocorrelation shows the relationship between Western Uranium otc stock current value and its past values and can show if there is a momentum factor associated with investing in Western Uranium Vanadium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Western OTC Stock
Western Uranium financial ratios help investors to determine whether Western OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Uranium security.