Alx Uranium Corp Stock Market Value
| AL Stock | CAD 0.03 0.00 0.00% |
| Symbol | ALX |
ALX Uranium Corp Price To Book Ratio
ALX 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 ALX 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 ALX Uranium.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in ALX Uranium on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding ALX Uranium Corp or generate 0.0% return on investment in ALX Uranium over 30 days. ALX Uranium is related to or competes with Purepoint Uranium. ALX Uranium Corp., primarily acquires, explores for, and develops uranium properties in Canada More
ALX 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 ALX 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 ALX Uranium Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0984 | |||
| Maximum Drawdown | 83.33 | |||
| Potential Upside | 50.0 |
ALX Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALX Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALX Uranium's standard deviation. In reality, there are many statistical measures that can use ALX Uranium historical prices to predict the future ALX Uranium's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.39) |
ALX Uranium Corp Backtested Returns
ALX Uranium is out of control given 3 months investment horizon. ALX Uranium Corp secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use ALX Uranium risk adjusted performance of 0.0906, and Mean Deviation of 5.88 to evaluate company specific risk that cannot be diversified away. ALX Uranium holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.88, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ALX Uranium are expected to decrease by larger amounts. On the other hand, during market turmoil, ALX Uranium is expected to outperform it. Use ALX Uranium total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to analyze future returns on ALX Uranium.
Auto-correlation | 0.00 |
No correlation between past and present
ALX Uranium Corp has no correlation between past and present. Overlapping area represents the amount of predictability between ALX Uranium time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 ALX Uranium Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current ALX Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALX Uranium Corp lagged returns against current returns
Autocorrelation, which is ALX 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 ALX Uranium's stock expected returns. We can calculate the autocorrelation of ALX Uranium returns to help us make a trade decision. For example, suppose you find that ALX 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 |
ALX 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 ALX Uranium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALX Uranium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALX Uranium stock over time.
Current vs Lagged Prices |
| Timeline |
ALX Uranium Lagged Returns
When evaluating ALX Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALX Uranium stock have on its future price. ALX 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, ALX Uranium autocorrelation shows the relationship between ALX Uranium stock current value and its past values and can show if there is a momentum factor associated with investing in ALX Uranium Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ALX Stock Analysis
When running ALX Uranium's price analysis, check to measure ALX 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 ALX Uranium is operating at the current time. Most of ALX Uranium's value examination focuses on studying past and present price action to predict the probability of ALX 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 ALX Uranium's price. Additionally, you may evaluate how the addition of ALX Uranium to your portfolios can decrease your overall portfolio volatility.