Cameco Corp Stock Probability of Future Stock Price Finishing Under 38.11
| CCJ Stock | USD 59.45 1.64 2.84% |
Cameco |
Cameco Corp Target Price Odds to finish below 38.11
The tendency of Cameco Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 38.11 or more in 90 days |
| 59.45 | 90 days | 38.11 | nearly 4.64 |
Based on a normal probability distribution, the odds of Cameco Corp to drop to $ 38.11 or more in 90 days from now is nearly 4.64 (This Cameco Corp probability density function shows the probability of Cameco Stock to fall within a particular range of prices over 90 days) . Probability of Cameco Corp price to stay between $ 38.11 and its current price of $59.45 at the end of the 90-day period is about 88.43 .
Considering the 90-day investment horizon Cameco Corp has a beta of 0.91 suggesting Cameco Corp market returns are highly reactive to returns on the market. As the market goes up or down, Cameco Corp is expected to follow. Additionally Cameco Corp has an alpha of 0.4128, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cameco Corp Price Density |
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Predictive Modules for Cameco Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cameco Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cameco Corp'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.
Cameco Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cameco Corp is not an exception. The market had few large corrections towards the Cameco Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cameco Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cameco Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | 0.91 | |
σ | Overall volatility | 6.75 | |
Ir | Information ratio | 0.15 |
Cameco Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cameco Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cameco Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cameco Corp is unlikely to experience financial distress in the next 2 years | |
| Cameco Corp has a very strong financial position based on the latest SEC filings | |
| About 75.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: Whats Going On With ASP Isotopes Stock Tuesday |
Cameco Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cameco Stock often depends not only on the future outlook of the current and potential Cameco Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cameco Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 435.4 M | |
| Cash And Short Term Investments | 566.8 M |
Cameco Corp Technical Analysis
Cameco Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Cameco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cameco Corp. In general, you should focus on analyzing Cameco Stock price patterns and their correlations with different microeconomic environments and drivers.
Cameco Corp Predictive Forecast Models
Cameco Corp's time-series forecasting models is one of many Cameco Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cameco Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Cameco Corp
Checking the ongoing alerts about Cameco Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cameco Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cameco Corp is unlikely to experience financial distress in the next 2 years | |
| Cameco Corp has a very strong financial position based on the latest SEC filings | |
| About 75.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from benzinga.com: Whats Going On With ASP Isotopes Stock Tuesday |
Check out Cameco Corp Backtesting, Cameco Corp Valuation, Cameco Corp Correlation, Cameco Corp Hype Analysis, Cameco Corp Volatility, Cameco Corp History as well as Cameco Corp Performance. For more information on how to buy Cameco Stock please use our How to buy in Cameco Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Oil, Gas & Consumable Fuels space 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 Cameco Corp. If investors know Cameco 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 Cameco Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.95) | Dividend Share 0.12 | Earnings Share 0.18 | Revenue Per Share 6.435 | Quarterly Revenue Growth 0.253 |
The market value of Cameco Corp is measured differently than its book value, which is the value of Cameco that is recorded on the company's balance sheet. Investors also form their own opinion of Cameco Corp's value that differs from its market value or its book value, called intrinsic value, which is Cameco Corp'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 Cameco Corp's market value can be influenced by many factors that don't directly affect Cameco Corp'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 Cameco Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cameco Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cameco Corp'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.