Ur Energy Correlations

URG Stock

USD 1.35 0.02 1.50%

The current 90-days correlation between Ur Energy and Energy Fuels is 0.65 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Ur Energy Correlation With Market

Significant diversification

The correlation between Ur Energy and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ur Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with URG Stock

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 closely tied 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.

Moving together with URG Stock

0.94	EU	enCore Energy Corp	Pair Corr
0.92	CCJ	Cameco Corp	Pair Corr
0.93	DNN	Denison Mines Corp Aggressive Push	Pair Corr
0.95	LEU	Centrus Energy Buyout Trend	Pair Corr
0.86	NXE	NexGen Energy	Pair Corr
0.92	UEC	Uranium Energy Corp	Pair Corr
0.9	UROY	Uranium Royalty Corp Earnings Call This Week	Pair Corr
0.91	UUUU	Energy Fuels Trending	Pair Corr
0.89	E	Eni SpA ADR Earnings Call Today	Pair Corr
0.87	DINO	HF Sinclair Corp	Pair Corr
0.85	BP	BP PLC ADR	Pair Corr
0.87	DK	Delek Energy	Pair Corr
0.67	EC	Ecopetrol SA ADR	Pair Corr
0.75	NC	NACCO Industries	Pair Corr
0.78	NE	Noble plc	Pair Corr
0.68	PR	Permian Resources	Pair Corr
0.66	SD	SandRidge Energy	Pair Corr
0.76	SM	SM Energy	Pair Corr
0.86	SU	Suncor Energy Earnings Call This Week	Pair Corr
0.66	TK	Teekay	Pair Corr
0.87	TS	Tenaris SA ADR	Pair Corr
0.92	VTOL	Bristow Group	Pair Corr
0.86	EFXT	Enerflex	Pair Corr

Moving against URG Stock

0.73	LB	LandBridge Company	Pair Corr
0.54	HP	Helmerich and Payne Earnings Call This Week	Pair Corr
0.46	DMLP	Dorchester Minerals	Pair Corr
0.7	ANNAW	AleAnna, Warrant	Pair Corr
0.54	FLOC	Flowco Holdings	Pair Corr
0.48	VNOM	Viper Energy Ut	Pair Corr

Related Correlations Analysis

	DNN	NXE	UUUU	UEC	EU
DNN		0.93	0.9	0.98	0.95	DNN
NXE	0.93		0.74	0.93	0.93	NXE
UUUU	0.9	0.74		0.9	0.84	UUUU
UEC	0.98	0.93	0.9		0.92	UEC
EU	0.95	0.93	0.84	0.92		EU
	DNN	NXE	UUUU	UEC	EU

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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
DNN	3.11	0.78	0.19	2.59	3.05	(3.56)	8.56	(5.43)	20.14
NXE	2.11	0.60	0.24	1.57	1.75	(2.48)	5.43	(3.09)	18.21
UUUU	3.90	1.39	0.31	(2.91)	3.05	(4.80)	11.74	(5.93)	26.24
UEC	3.33	0.92	0.22	(4.77)	2.90	(3.88)	7.02	(5.74)	31.35
EU	3.97	1.24	0.34	1.35	2.83	(5.09)	10.50	(5.20)	31.05

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