Denison Mines Corp Stock Market Value
| DNN Stock | USD 2.36 0.06 2.61% |
| Symbol | Denison |
Denison Mines Corp Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Denison Mines. If investors know Denison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 0.004 | Quarterly Revenue Growth (0.11) | Return On Assets (0.06) | Return On Equity (0.05) |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.
Denison Mines '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 Denison Mines' 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 Denison Mines.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Denison Mines on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Denison Mines Corp or generate 0.0% return on investment in Denison Mines over 30 days. Denison Mines is related to or competes with Energy Fuels, EnCore Energy, Ur Energy, Cameco Corp, Uranium Energy, and NexGen Energy. Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and invest... More
Denison Mines 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 Denison Mines' 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 Denison Mines Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.1402 | |||
| Maximum Drawdown | 18.19 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 6.73 |
Denison Mines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Denison Mines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Denison Mines' standard deviation. In reality, there are many statistical measures that can use Denison Mines historical prices to predict the future Denison Mines' volatility.| Risk Adjusted Performance | 0.1449 | |||
| Jensen Alpha | 0.5202 | |||
| Total Risk Alpha | 0.0334 | |||
| Sortino Ratio | 0.1657 | |||
| Treynor Ratio | 0.7818 |
Denison Mines Corp Backtested Returns
Denison Mines appears to be risky, given 3 months investment horizon. Denison Mines Corp secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. By reviewing Denison Mines' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Denison Mines' Mean Deviation of 2.65, downside deviation of 2.98, and Coefficient Of Variation of 557.87 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Denison Mines holds a performance score of 17. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Denison Mines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Denison Mines is expected to be smaller as well. Please check Denison Mines' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Denison Mines' price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Denison Mines Corp has insignificant predictability. Overlapping area represents the amount of predictability between Denison Mines time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Denison Mines Corp price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Denison Mines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Denison Mines Corp lagged returns against current returns
Autocorrelation, which is Denison Mines 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 Denison Mines' stock expected returns. We can calculate the autocorrelation of Denison Mines returns to help us make a trade decision. For example, suppose you find that Denison Mines 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 |
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Denison Mines 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 Denison Mines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Denison Mines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Denison Mines stock over time.
Current vs Lagged Prices |
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Denison Mines Lagged Returns
When evaluating Denison Mines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Denison Mines stock have on its future price. Denison Mines 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, Denison Mines autocorrelation shows the relationship between Denison Mines stock current value and its past values and can show if there is a momentum factor associated with investing in Denison Mines Corp.
Regressed Prices |
| Timeline |
When determining whether Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:
Check out Denison Mines Correlation, Denison Mines Volatility and Denison Mines Alpha and Beta module to complement your research on Denison Mines. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Denison Mines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.