Ultra Resources Stock Market Value
| ULTXF Stock | USD 0.01 0.00 0.00% |
| Symbol | Ultra |
Ultra Resources '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 Ultra Resources' pink sheet 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 Ultra Resources.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Ultra Resources on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Ultra Resources or generate 0.0% return on investment in Ultra Resources over 90 days. Ultra Resources is related to or competes with GéoMégA Resources, FPX Nickel, Power Metals, Rock Tech, and Critical Elements. Ultra Lithium Inc., a mineral exploration company, focuses on the development of advanced lithium and gold projects in A... More
Ultra Resources 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 Ultra Resources' pink sheet 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 Ultra Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 150.0 |
Ultra Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ultra Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ultra Resources' standard deviation. In reality, there are many statistical measures that can use Ultra Resources historical prices to predict the future Ultra Resources' volatility.| Risk Adjusted Performance | 0.0596 | |||
| Jensen Alpha | 0.3159 | |||
| Total Risk Alpha | (2.51) | |||
| Treynor Ratio | 0.341 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ultra Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ultra Resources Backtested Returns
Ultra Resources appears to be out of control, given 3 months investment horizon. Ultra Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0564, which indicates the firm had a 0.0564 % return per unit of risk over the last 3 months. By inspecting Ultra Resources' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review Ultra Resources' Coefficient Of Variation of 1772.19, variance of 204.26, and Risk Adjusted Performance of 0.0596 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ultra Resources holds a performance score of 4. The entity has a beta of 2.34, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ultra Resources will likely underperform. Please check Ultra Resources' market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to make a quick decision on whether Ultra Resources' existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Ultra Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Ultra Resources time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ultra Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ultra Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ultra Resources lagged returns against current returns
Autocorrelation, which is Ultra Resources pink sheet'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 Ultra Resources' pink sheet expected returns. We can calculate the autocorrelation of Ultra Resources returns to help us make a trade decision. For example, suppose you find that Ultra Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ultra Resources 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 Ultra Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ultra Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ultra Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ultra Resources Lagged Returns
When evaluating Ultra Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ultra Resources pink sheet have on its future price. Ultra Resources 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, Ultra Resources autocorrelation shows the relationship between Ultra Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ultra Resources.
Regressed Prices |
| Timeline |
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Other Information on Investing in Ultra Pink Sheet
Ultra Resources financial ratios help investors to determine whether Ultra Pink Sheet 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 Ultra with respect to the benefits of owning Ultra Resources security.