Roundhill Uranium Etf Market Value
| UX Etf | 26.04 0.12 0.46% |
| Symbol | Roundhill |
The market value of Roundhill Uranium ETF is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill Uranium's value that differs from its market value or its book value, called intrinsic value, which is Roundhill Uranium'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 Roundhill Uranium's market value can be influenced by many factors that don't directly affect Roundhill Uranium'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 Roundhill Uranium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill Uranium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill 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.
Roundhill 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 Roundhill Uranium's etf 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 Roundhill Uranium.
| 01/13/2025 |
| 07/12/2025 |
If you would invest 0.00 in Roundhill Uranium on January 13, 2025 and sell it all today you would earn a total of 0.00 from holding Roundhill Uranium ETF or generate 0.0% return on investment in Roundhill Uranium over 180 days. Roundhill Uranium is related to or competes with ProShares Ultra, Invesco DB, Abrdn Physical, ProShares UltraShort, Abrdn Physical, GraniteShares Platinum, and Abrdn Physical. Roundhill Uranium is entity of United States More
Roundhill 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 Roundhill Uranium's etf 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 Roundhill Uranium ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.87 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 4.22 |
Roundhill Uranium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roundhill Uranium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roundhill Uranium's standard deviation. In reality, there are many statistical measures that can use Roundhill Uranium historical prices to predict the future Roundhill Uranium's volatility.| Risk Adjusted Performance | 0.1149 | |||
| Jensen Alpha | 0.1737 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.51 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill Uranium's 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.
Roundhill Uranium ETF Backtested Returns
Roundhill Uranium appears to be very steady, given 3 months investment horizon. Roundhill Uranium ETF maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Roundhill Uranium ETF, which you can use to evaluate the volatility of the etf. Please evaluate Roundhill Uranium's Semi Deviation of 2.32, risk adjusted performance of 0.1149, and Coefficient Of Variation of 1259.76 to confirm if our risk estimates are consistent with your expectations. The etf holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Roundhill Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roundhill Uranium is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Roundhill Uranium ETF has excellent reverse predictability. Overlapping area represents the amount of predictability between Roundhill Uranium time series from 13th of January 2025 to 13th of April 2025 and 13th of April 2025 to 12th 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 Roundhill Uranium ETF price movement. The serial correlation of -0.83 indicates that around 83.0% of current Roundhill Uranium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 4.19 |
Roundhill Uranium ETF lagged returns against current returns
Autocorrelation, which is Roundhill Uranium etf'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 Roundhill Uranium's etf expected returns. We can calculate the autocorrelation of Roundhill Uranium returns to help us make a trade decision. For example, suppose you find that Roundhill Uranium has exhibited high autocorrelation historically, and you observe that the etf 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 |
Roundhill 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 Roundhill Uranium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roundhill Uranium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roundhill Uranium etf over time.
Current vs Lagged Prices |
| Timeline |
Roundhill Uranium Lagged Returns
When evaluating Roundhill Uranium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roundhill Uranium etf have on its future price. Roundhill 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, Roundhill Uranium autocorrelation shows the relationship between Roundhill Uranium etf current value and its past values and can show if there is a momentum factor associated with investing in Roundhill Uranium ETF.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Roundhill Uranium Correlation, Roundhill Uranium Volatility and Roundhill Uranium Alpha and Beta module to complement your research on Roundhill Uranium. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Roundhill Uranium technical etf 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, etf market cycles, or different charting patterns.