Sprott Junior Uranium Miners (URNJ) Daily/Weekly Backtest Results

Signal:                  
                  [ What are these? | Switch to URNJ's monthly backtests ]
Fixed profit target:               -or-  
Show signal scores:       Threshold:           [ What are these scores? ]
Expectancy: 9.42%.   Win rate: 100%.   Sharpe Ratio: 2.861.   Maximum drawdown: -29.51% on 24 March 2023.
Mean CAGR: 174.23%. Time in market: 510 days.   Hypothetical return: $1000 would be worth $1458.32 on 20 May 2024.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Junior Uranium Miners

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 7 signal(s) occurring before 27 May 2024 for a 7.5% profit target: (100% * 9.42%) + (0% * 0%) - (0% * 0%) = 9.42%.
Wins: 7 Breakevens: 0 Losses: 0

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

 

Large Gap Down Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each large gap down entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date and Score Buy Signal Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
03 June 2026  bubble_chart   cards_starLOW     Gap Down $ 29.10 schedule schedule schedule schedule schedule
21 April 2026  bubble_chart   cards_starLOW     Gap Down $ 32.43 schedule schedule schedule schedule schedule
20 November 2025  bubble_chart   cards_starLOW     Gap Down $ 24.74 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
16 October 2025  bubble_chart   cards_starLOW     Gap Down $ 33.20 select_check_box select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt schedule
28 July 2025   cards_starLOW     Gap Down $ 22.09 select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
20 June 2025   cards_starLOW     Gap Down $ 20.22 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
16 May 2025   cards_starLOW     Gap Down $ 16.18 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt
25 February 2025   cards_starLOW     Gap Down $ 16.34 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt
09 December 2024   cards_starLOW     Gap Down $ 22.56 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt
17 July 2024  bubble_chart   cards_starLOW     Gap Down $ 24.48 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box select_check_box
11 June 2024  bubble_chart   cards_starLOW     Gap Down $ 24.98 select_check_box electric_bolt select_check_box select_check_box select_check_box select_check_box
08 May 2024  bubble_chart   cards_starLOW     Gap Down $ 27.93 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box select_check_box
04 April 2024  bubble_chart   cards_starLOW     Gap Down $ 27.92 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box select_check_box
22 January 2024  bubble_chart   LOW     Gap Down $ 26.83 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_bolt select_check_box
29 November 2023  bubble_chart   LOW     Gap Down $ 24.10 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
01 May 2023   LOW     Gap Down $ 14.92 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
07 March 2023   LOW     Gap Down $ 16.73 select_check_box electric_bolt select_check_box electric_bolt select_check_box select_check_box electric_bolt select_check_box electric_bolt
03 February 2023   LOW     Gap Down $ 19.79 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt

 

The data for Sprott Junior Uranium Miners (exchange: XNAS symbol: URNJ) was last updated 14 Jun 2026 16:17. Data for this ETF is available from 02 Feb 2023 - 03 Jun 2026.