Azincourt Uranium Stock Market Value

AAZ Stock  CAD 0.01  0.01  50.00%   
Azincourt Uranium's market value is the price at which a share of Azincourt Uranium trades on a public exchange. It measures the collective expectations of Azincourt Uranium investors about its performance. Azincourt Uranium is selling for under 0.015 as of the 11th of December 2024; that is 50.00 percent increase since the beginning of the trading day. The stock's lowest day price was 0.015.
With this module, you can estimate the performance of a buy and hold strategy of Azincourt Uranium and determine expected loss or profit from investing in Azincourt Uranium over a given investment horizon. Check out Azincourt Uranium Correlation, Azincourt Uranium Volatility and Azincourt Uranium Alpha and Beta module to complement your research on Azincourt Uranium.
Symbol

Azincourt Uranium Price To Book Ratio

Please note, there is a significant difference between Azincourt Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azincourt Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azincourt Uranium'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.

Azincourt 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 Azincourt Uranium'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 Azincourt Uranium.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Azincourt Uranium on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Azincourt Uranium or generate 0.0% return on investment in Azincourt Uranium over 30 days. Azincourt Uranium is related to or competes with Purepoint Uranium. Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuelsalternative energy secto... More

Azincourt 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 Azincourt Uranium'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 Azincourt Uranium upside and downside potential and time the market with a certain degree of confidence.

Azincourt Uranium Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Azincourt Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azincourt Uranium's standard deviation. In reality, there are many statistical measures that can use Azincourt Uranium historical prices to predict the future Azincourt Uranium's volatility.
Hype
Prediction
LowEstimatedHigh
0.000.0219.53
Details
Intrinsic
Valuation
LowRealHigh
0.000.0119.52
Details
Naive
Forecast
LowNextHigh
0.00030.0119.52
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.010.010.01
Details

Azincourt Uranium Backtested Returns

Azincourt Uranium is out of control given 3 months investment horizon. Azincourt Uranium secures Sharpe Ratio (or Efficiency) of 0.0903, which signifies that the company had a 0.0903% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.76% are justified by taking the suggested risk. Use Azincourt Uranium Downside Deviation of 29.67, mean deviation of 12.31, and Risk Adjusted Performance of 0.078 to evaluate company specific risk that cannot be diversified away. Azincourt Uranium holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.57, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Azincourt Uranium will likely underperform. Use Azincourt Uranium jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to analyze future returns on Azincourt Uranium.

Auto-correlation

    
  -0.22  

Weak reverse predictability

Azincourt Uranium has weak reverse predictability. Overlapping area represents the amount of predictability between Azincourt Uranium time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Azincourt Uranium price movement. The serial correlation of -0.22 indicates that over 22.0% of current Azincourt Uranium price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test0.62
Residual Average0.0
Price Variance0.0

Azincourt Uranium lagged returns against current returns

Autocorrelation, which is Azincourt Uranium 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 Azincourt Uranium's stock expected returns. We can calculate the autocorrelation of Azincourt Uranium returns to help us make a trade decision. For example, suppose you find that Azincourt Uranium 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  

Azincourt 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 Azincourt Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azincourt Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azincourt Uranium stock over time.
   Current vs Lagged Prices   
       Timeline  

Azincourt Uranium Lagged Returns

When evaluating Azincourt Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azincourt Uranium stock have on its future price. Azincourt 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, Azincourt Uranium autocorrelation shows the relationship between Azincourt Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in Azincourt Uranium.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Azincourt Stock Analysis

When running Azincourt Uranium's price analysis, check to measure Azincourt 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 Azincourt Uranium is operating at the current time. Most of Azincourt Uranium's value examination focuses on studying past and present price action to predict the probability of Azincourt 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 Azincourt Uranium's price. Additionally, you may evaluate how the addition of Azincourt Uranium to your portfolios can decrease your overall portfolio volatility.