Azincourt Uranium Stock Market Value
| AAZ Stock | CAD 0.01 0.01 33.33% |
| Symbol | Azincourt |
Azincourt Uranium Price To Book Ratio
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.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Azincourt Uranium on November 3, 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.
| Downside Deviation | 30.02 | |||
| Information Ratio | 0.0625 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
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.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | (1.71) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | (1.29) |
Azincourt Uranium Backtested Returns
Azincourt Uranium is out of control given 3 months investment horizon. Azincourt Uranium secures Sharpe Ratio (or Efficiency) of 0.0961, which signifies that the company had a 0.0961% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.0% are justified by taking the suggested risk. Use Azincourt Uranium Downside Deviation of 30.02, mean deviation of 12.48, and Risk Adjusted Performance of 0.0619 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 -1.1, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Azincourt Uranium are expected to decrease slowly. On the other hand, during market turmoil, Azincourt Uranium is expected to outperform it slightly. Use Azincourt Uranium jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to analyze future returns on Azincourt Uranium.
Auto-correlation | 0.44 |
Average predictability
Azincourt Uranium has average predictability. Overlapping area represents the amount of predictability between Azincourt Uranium time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 0.44 indicates that just about 44.0% of current Azincourt Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.