URE Other Operating Expenses vs Income Before Tax Analysis

URE Stock  CAD 1.72  0.05  2.82%   
Ur Energy financial indicator trend analysis is much more than just breaking down Ur Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ur Energy is a good investment. Please check the relationship between Ur Energy Other Operating Expenses and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ur Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.

Other Operating Expenses vs Income Before Tax

Other Operating Expenses vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ur Energy Other Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
Other Operating ExpensesIncome Before TaxDiversified AwayOther Operating ExpensesIncome Before TaxDiversified Away100%
The correlation between Ur Energy's Other Operating Expenses and Income Before Tax is -0.12. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Ur Energy, assuming nothing else is changed. The correlation between historical values of Ur Energy's Other Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ur Energy are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Other Operating Expenses i.e., Ur Energy's Other Operating Expenses and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ur Energy. It is also known as Ur Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Ur Energy income statement and is an important metric when analyzing Ur Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Ur Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ur Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ur Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.At this time, Ur Energy's Issuance Of Capital Stock is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value is likely to grow to about 364.7 M, while Selling General Administrative is likely to drop about 4.8 M.
 2021 2022 2023 2024 (projected)
Total Revenue16K19K17.7M16.5M
Cost Of Revenue7M6.9M19.4M17.2M

Ur Energy fundamental ratios Correlations

0.20.720.510.440.590.36-0.31-0.880.420.540.620.350.560.440.150.85-0.80.70.390.680.130.690.870.51-0.02
0.20.050.72-0.650.740.660.790.10.02-0.510.67-0.030.1-0.580.49-0.2-0.540.730.330.03-0.370.770.58-0.490.58
0.720.050.190.390.610.48-0.18-0.780.320.280.640.260.470.190.010.66-0.710.470.130.480.040.430.690.22-0.47
0.510.720.19-0.270.630.580.31-0.260.42-0.010.56-0.040.11-0.080.120.21-0.60.680.530.19-0.110.760.680.00.76
0.44-0.650.39-0.27-0.28-0.43-0.75-0.470.290.64-0.240.020.050.66-0.160.610.11-0.31-0.030.420.04-0.320.040.64-0.5
0.590.740.610.63-0.280.720.49-0.430.28-0.240.970.210.44-0.350.380.26-0.880.840.370.13-0.140.840.89-0.270.15
0.360.660.480.58-0.430.720.47-0.280.09-0.270.710.210.35-0.36-0.070.2-0.730.740.270.28-0.190.760.65-0.320.16
-0.310.79-0.180.31-0.750.490.470.53-0.29-0.930.44-0.06-0.04-0.950.35-0.54-0.150.320.09-0.36-0.580.360.15-0.920.36
-0.880.1-0.78-0.26-0.47-0.43-0.280.53-0.43-0.68-0.47-0.3-0.51-0.580.07-0.890.74-0.53-0.38-0.51-0.39-0.48-0.7-0.630.24
0.420.020.320.420.290.280.09-0.29-0.430.440.2-0.3-0.190.42-0.060.27-0.220.10.13-0.060.350.130.360.430.11
0.54-0.510.28-0.010.64-0.24-0.27-0.93-0.680.44-0.210.060.10.99-0.190.62-0.12-0.010.070.510.63-0.050.120.99-0.15
0.620.670.640.56-0.240.970.710.44-0.470.2-0.210.420.62-0.330.310.33-0.890.860.290.21-0.080.850.88-0.260.07
0.35-0.030.26-0.040.020.210.21-0.06-0.3-0.30.060.420.95-0.02-0.210.39-0.390.42-0.180.420.220.370.26-0.04-0.2
0.560.10.470.110.050.440.35-0.04-0.51-0.190.10.620.950.0-0.060.55-0.630.62-0.020.50.180.570.520.01-0.2
0.44-0.580.19-0.080.66-0.35-0.36-0.95-0.580.420.99-0.33-0.020.0-0.210.540.02-0.140.010.450.62-0.180.00.99-0.16
0.150.490.010.12-0.160.38-0.070.350.07-0.06-0.190.31-0.21-0.06-0.21-0.14-0.20.31-0.040.05-0.230.30.31-0.150.1
0.85-0.20.660.210.610.260.2-0.54-0.890.270.620.330.390.550.54-0.14-0.590.440.30.60.140.420.610.57-0.24
-0.8-0.54-0.71-0.60.11-0.88-0.73-0.150.74-0.22-0.12-0.89-0.39-0.630.02-0.2-0.59-0.93-0.46-0.42-0.08-0.91-0.94-0.07-0.09
0.70.730.470.68-0.310.840.740.32-0.530.1-0.010.860.420.62-0.140.310.44-0.930.40.43-0.010.990.89-0.050.3
0.390.330.130.53-0.030.370.270.09-0.380.130.070.29-0.18-0.020.01-0.040.3-0.460.40.01-0.090.440.530.130.44
0.680.030.480.190.420.130.28-0.36-0.51-0.060.510.210.420.50.450.050.6-0.420.430.010.010.410.440.47-0.16
0.13-0.370.04-0.110.04-0.14-0.19-0.58-0.390.350.63-0.080.220.180.62-0.230.14-0.08-0.01-0.090.01-0.08-0.060.6-0.05
0.690.770.430.76-0.320.840.760.36-0.480.13-0.050.850.370.57-0.180.30.42-0.910.990.440.41-0.080.89-0.090.39
0.870.580.690.680.040.890.650.15-0.70.360.120.880.260.520.00.310.61-0.940.890.530.44-0.060.890.10.15
0.51-0.490.220.00.64-0.27-0.32-0.92-0.630.430.99-0.26-0.040.010.99-0.150.57-0.07-0.050.130.470.6-0.090.1-0.1
-0.020.58-0.470.76-0.50.150.160.360.240.11-0.150.07-0.2-0.2-0.160.1-0.24-0.090.30.44-0.16-0.050.390.15-0.1
Click cells to compare fundamentals

Ur Energy Account Relationship Matchups

Ur Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets90.4M81.8M120.8M107.9M128.4M100.1M
Short Long Term Debt Total12.2M13.2M12.3M11.1M6.5M6.2M
Other Current Liab1.6M2.6M4.0M518K2.4M2.5M
Total Current Liabilities2.3M3.6M6.2M6.6M10.0M6.2M
Total Stockholder Equity44.3M34.1M69.4M62.5M74.9M45.6M
Property Plant And Equipment Net66.8M61.1M56.3M55.8M56.0M61.7M
Net Debt4.5M9.0M(33.8M)(21.9M)(53.2M)(50.5M)
Retained Earnings(165.4M)(180.2M)(203.1M)(220.3M)(250.9M)(238.4M)
Accounts Payable523K396K854K660K1.7M1.8M
Cash7.8M4.3M46.2M33.0M59.7M62.7M
Non Current Assets Total81.7M76.7M72.2M64.0M64.7M70.9M
Non Currrent Assets Other14.9M15.6M15.8M8.1M8.6M8.3M
Other Assets15.2M15.7M15.9M8.1M9.4M7.7M
Cash And Short Term Investments7.8M4.3M46.2M33.0M59.7M62.7M
Net Receivables22K0.04K8K77K73.2K
Common Stock Shares Outstanding151.6M159.9M164.3M195.7M260.0M143.7M
Liabilities And Stockholders Equity90.4M81.8M120.8M107.9M128.4M100.1M
Non Current Liabilities Total43.8M44.2M45.2M38.8M43.5M37.0M
Inventory4.5M1.8M0.09.9M2.6M2.2M
Other Current Assets885K814K2.4M1.0M1.3M805.1K
Other Stockholder Equity20.3M20.9M20.0M19.8M19.9M37.8M
Total Liab46.1M47.7M51.5M45.4M53.5M37.3M
Property Plant And Equipment Gross66.8M61.1M75.4M76.6M78.8M65.4M
Total Current Assets8.7M5.1M48.6M43.9M63.7M66.9M
Accumulated Other Comprehensive Income3.7M3.7M4.1M4.3M3.7M2.0M
Short Term Debt0.0459K1.3M5.4M5.9M3.6M
Common Stock Total Equity177.1M185.2M185.8M189.6M218.1M194.8M
Intangible Assets28K25K56K79K131K115.2K
Common Stock185.8M189.6M248.3M258.6M302.2M220.3M
Other Liab31.5M31.4M34.2M33.1M38.0M32.7M
Net Tangible Assets44.3M34.1M69.3M62.4M71.8M49.0M
Long Term Debt12.2M12.7M11.1M5.7M5.1M4.9M
Property Plant Equipment66.8M61.1M56.3M55.8M50.2M55.6M
Long Term Debt Total12.2M12.7M11.1M5.7M5.1M4.9M
Capital Surpluse20.3M20.9M20.0M19.8M22.8M20.1M
Cash And Equivalents6.0M3.4M37.1M30.4M35.0M36.8M

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

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Moving against URE Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Ur Energy is a strong investment it is important to analyze Ur Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ur Energy's future performance. For an informed investment choice regarding URE Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ur Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in URE Stock, please use our How to Invest in Ur Energy guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Ur Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ur Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ur 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.
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