Western Uranium Vanadium Stock Market Value

WSTRF Stock  USD 0.79  0.01  1.25%   
Western Uranium's market value is the price at which a share of Western Uranium trades on a public exchange. It measures the collective expectations of Western Uranium Vanadium investors about its performance. Western Uranium is trading at 0.79 as of the 9th of December 2024. This is a 1.25% down since the beginning of the trading day. The stock's lowest day price was 0.79.
With this module, you can estimate the performance of a buy and hold strategy of Western Uranium Vanadium and determine expected loss or profit from investing in Western Uranium over a given investment horizon. Check out Western Uranium Correlation, Western Uranium Volatility and Western Uranium Alpha and Beta module to complement your research on Western Uranium.
Symbol

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

Western 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 Western Uranium's otc 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 Western Uranium.
0.00
11/09/2024
No Change 0.00  0.0 
In 30 days
12/09/2024
0.00
If you would invest  0.00  in Western Uranium on November 9, 2024 and sell it all today you would earn a total of 0.00 from holding Western Uranium Vanadium or generate 0.0% return on investment in Western Uranium over 30 days. Western Uranium is related to or competes with Bannerman Resources, Paladin Energy, Peninsula Energy, Deep Yellow, Isoenergy, Elevate Uranium, and Purepoint Uranium. Western Uranium Vanadium Corp. engages in the acquisition and development of uranium and vanadium resource properties in... More

Western 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 Western Uranium's otc 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 Western Uranium Vanadium upside and downside potential and time the market with a certain degree of confidence.

Western Uranium Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Uranium's standard deviation. In reality, there are many statistical measures that can use Western Uranium historical prices to predict the future Western Uranium's volatility.
Hype
Prediction
LowEstimatedHigh
0.040.794.04
Details
Intrinsic
Valuation
LowRealHigh
0.040.764.01
Details
Naive
Forecast
LowNextHigh
0.020.814.07
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.730.911.08
Details

Western Uranium Vanadium Backtested Returns

Western Uranium Vanadium shows Sharpe Ratio of -0.14, which attests that the company had a -0.14% return per unit of risk over the last 3 months. Western Uranium Vanadium exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Uranium's Standard Deviation of 3.26, market risk adjusted performance of (1.68), and Mean Deviation of 2.36 to validate the risk estimate we provide. The firm maintains a market beta of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Uranium is expected to be smaller as well. At this point, Western Uranium Vanadium has a negative expected return of -0.45%. Please make sure to check out Western Uranium's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Western Uranium Vanadium performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.55  

Modest predictability

Western Uranium Vanadium has modest predictability. Overlapping area represents the amount of predictability between Western Uranium time series from 9th of November 2024 to 24th of November 2024 and 24th of November 2024 to 9th 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 Western Uranium Vanadium price movement. The serial correlation of 0.55 indicates that about 55.0% of current Western Uranium price fluctuation can be explain by its past prices.
Correlation Coefficient0.55
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.0

Western Uranium Vanadium lagged returns against current returns

Autocorrelation, which is Western Uranium otc 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 Western Uranium's otc stock expected returns. We can calculate the autocorrelation of Western Uranium returns to help us make a trade decision. For example, suppose you find that Western Uranium has exhibited high autocorrelation historically, and you observe that the otc 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  

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

Western Uranium Lagged Returns

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

Currently Active Assets on Macroaxis

Other Information on Investing in Western OTC Stock

Western Uranium financial ratios help investors to determine whether Western OTC 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 Western with respect to the benefits of owning Western Uranium security.