Goviex Uranium Stock Alpha and Beta Analysis
| GXU Stock | CAD 0.06 0.01 7.69% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as GoviEx Uranium. It also helps investors analyze the systematic and unsystematic risks associated with investing in GoviEx Uranium over a specified time horizon. Remember, high GoviEx Uranium's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to GoviEx Uranium's market risk premium analysis include:
Beta 2.03 | Alpha 0.91 | Risk 14.2 | Sharpe Ratio 0.0643 | Expected Return 0.91 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
GoviEx |
GoviEx Uranium Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. GoviEx Uranium market risk premium is the additional return an investor will receive from holding GoviEx Uranium long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in GoviEx Uranium. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate GoviEx Uranium's performance over market.| α | 0.91 | β | 2.03 |
GoviEx Uranium expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of GoviEx Uranium's Buy-and-hold return. Our buy-and-hold chart shows how GoviEx Uranium performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.GoviEx Uranium Market Price Analysis
Market price analysis indicators help investors to evaluate how GoviEx Uranium stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GoviEx Uranium shares will generate the highest return on investment. By understating and applying GoviEx Uranium stock market price indicators, traders can identify GoviEx Uranium position entry and exit signals to maximize returns.
GoviEx Uranium Return and Market Media
The median price of GoviEx Uranium for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 0.07 with a coefficient of variation of 24.81. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 0.07, and mean deviation of 0.01. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | GoviEx Uranium Strengthens Foothold in Zambia - Newsfile | 09/09/2024 |
2 | GoviEx Uranium Announces Impressive Uranium Recoveries at Muntanga Project Following Column Leach Test Work - StockTitan | 10/16/2024 |
About GoviEx Uranium Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including GoviEx or other stocks. Alpha measures the amount that position in GoviEx Uranium has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 2.43 | 1.26 | 1.13 | 0.79 | Capex To Depreciation | 4.94 | 3.61 | 0.35 | 0.33 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GoviEx Uranium in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GoviEx Uranium's short interest history, or implied volatility extrapolated from GoviEx Uranium options trading.
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Additional Tools for GoviEx Stock Analysis
When running GoviEx Uranium's price analysis, check to measure GoviEx Uranium'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 GoviEx Uranium is operating at the current time. Most of GoviEx Uranium's value examination focuses on studying past and present price action to predict the probability of GoviEx Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoviEx Uranium's price. Additionally, you may evaluate how the addition of GoviEx Uranium to your portfolios can decrease your overall portfolio volatility.