URANIUM ROYALTY (Germany) Market Value
| 59U Stock | EUR 2.10 0.03 1.41% |
| Symbol | URANIUM |
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.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in URANIUM ROYALTY on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding URANIUM ROYALTY P or generate 0.0% return on investment in URANIUM ROYALTY over 720 days. URANIUM ROYALTY is related to or competes with JSC National, Ur Energy, Bannerman Resources. 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 P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.03 | |||
| Maximum Drawdown | 22.2 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 5.91 |
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 | 0.0423 | |||
| Jensen Alpha | 0.1869 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.032 | |||
| Treynor Ratio | (1.01) |
URANIUM ROYALTY P Backtested Returns
At this point, URANIUM ROYALTY is very risky. URANIUM ROYALTY P retains Efficiency (Sharpe Ratio) of 0.0456, which indicates the firm had a 0.0456% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for URANIUM ROYALTY, which you can use to evaluate the volatility of the company. Please validate URANIUM ROYALTY's risk adjusted performance of 0.0423, and Downside Deviation of 3.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. URANIUM ROYALTY has a performance score of 3 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.18, 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. URANIUM ROYALTY P currently owns a risk of 3.98%. Please validate URANIUM ROYALTY P downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if URANIUM ROYALTY P will be following its current price history.
Auto-correlation | 0.25 |
Poor predictability
URANIUM ROYALTY P has poor predictability. Overlapping area represents the amount of predictability between URANIUM ROYALTY time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 URANIUM ROYALTY P price movement. The serial correlation of 0.25 indicates that over 25.0% of current URANIUM ROYALTY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
URANIUM ROYALTY P 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 P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in URANIUM Stock
URANIUM ROYALTY financial ratios help investors to determine whether URANIUM 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 URANIUM with respect to the benefits of owning URANIUM ROYALTY security.