Ur Energy Correlations
| URG Stock | USD 1.79 0.02 1.10% |
The correlation of Ur Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ur Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ur Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Ur Energy and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ur Energy and NYA in the same portfolio, assuming nothing else is changed.
URG |
The ability to find closely correlated positions to Ur Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ur Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ur Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ur Energy to buy it.
Moving together with URG Stock
| 0.77 | EU | enCore Energy Corp | PairCorr |
| 0.68 | CCJ | Cameco Corp Sell-off Trend | PairCorr |
| 0.69 | DNN | Denison Mines Corp Earnings Call This Week | PairCorr |
| 0.92 | LEU | Centrus Energy Earnings Call This Week | PairCorr |
| 0.86 | UEC | Uranium Energy Corp Financial Report 13th of June 2024 | PairCorr |
| 0.68 | UROY | Uranium RoyaltyCorp Financial Report 11th of July 2024 | PairCorr |
Moving against URG Stock
| 0.6 | NS | NuStar Energy LP | PairCorr |
| 0.55 | TS | Tenaris SA ADR | PairCorr |
| 0.47 | PR | Permian Resources Earnings Call This Week | PairCorr |
| 0.42 | AM | Antero Midstream Partners | PairCorr |
| 0.41 | ET | Energy Transfer LP Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between URG Stock performing well and Ur Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ur Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UUUU | 2.57 | (0.54) | 0.00 | (0.27) | 0.00 | 5.08 | 14.81 | |||
| UEC | 2.66 | 0.01 | 0.00 | 0.06 | 0.00 | 5.28 | 16.53 | |||
| DNN | 2.45 | 0.15 | 0.01 | (0.13) | 2.61 | 6.15 | 15.34 | |||
| NXE | 2.44 | 0.17 | 0.02 | (0.24) | 3.17 | 6.16 | 19.33 | |||
| FCUUF | 2.40 | (0.23) | 0.00 | (0.10) | 0.00 | 5.06 | 15.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ur Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
Ur Energy Corporate Directors
Ur Energy corporate directors refer to members of an Ur Energy board of directors. The board of directors generally takes responsibility for the Ur Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ur Energy's board members must vote for the resolution. The Ur Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Paul Macdonell | Independent Director | Profile | |
| William Boberg | Director, IR Contact Officer | Profile | |
| Gary Huber | Independent Director | Profile | |
| James Franklin | Independent Director | Profile |
Already Invested in Ur Energy?
The danger of trading Ur Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ur Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ur Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ur Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ur Energy is a strong investment it is important to analyze Ur Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ur Energy's future performance. For an informed investment choice regarding URG Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ur Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in URG Stock please use our How to Invest in Ur Energy guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for URG Stock analysis
When running Ur Energy's price analysis, check to measure Ur Energy'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 Ur Energy is operating at the current time. Most of Ur Energy's value examination focuses on studying past and present price action to predict the probability of Ur Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ur Energy's price. Additionally, you may evaluate how the addition of Ur Energy to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Is Ur Energy's industry 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 Ur Energy. If investors know URG 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 Ur Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.12) | Revenue Per Share 0.068 | Quarterly Revenue Growth 1.053 | Return On Assets (0.16) | Return On Equity (0.45) |
The market value of Ur Energy is measured differently than its book value, which is the value of URG that is recorded on the company's balance sheet. Investors also form their own opinion of Ur Energy's value that differs from its market value or its book value, called intrinsic value, which is Ur Energy's 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 Ur Energy's market value can be influenced by many factors that don't directly affect Ur Energy's 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 Ur Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ur Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ur Energy'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.