Cameco Corp Stock Market Value
| CCJ Stock | USD 60.93 3.32 5.76% |
| Symbol | Cameco |
Cameco Corp Price To Book Ratio
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.
Cameco Corp '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 Cameco Corp's stock 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 Cameco Corp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cameco Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cameco Corp or generate 0.0% return on investment in Cameco Corp over 30 days. Cameco Corp is related to or competes with Energy Fuels, NexGen Energy, Uranium Energy, Ur Energy, Denison Mines, and EnCore Energy. It operates through two segments, Uranium and Fuel Services More
Cameco Corp 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 Cameco Corp's stock 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 Cameco Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.1856 | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 5.76 |
Cameco Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cameco Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cameco Corp's standard deviation. In reality, there are many statistical measures that can use Cameco Corp historical prices to predict the future Cameco Corp's volatility.| Risk Adjusted Performance | 0.179 | |||
| Jensen Alpha | 0.4934 | |||
| Total Risk Alpha | 0.2526 | |||
| Sortino Ratio | 0.23 | |||
| Treynor Ratio | 0.5053 |
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 Backtested Returns
Cameco Corp appears to be very steady, given 3 months investment horizon. Cameco Corp secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Cameco Corp's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Cameco Corp's Downside Deviation of 2.24, mean deviation of 2.09, and Risk Adjusted Performance of 0.179 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cameco Corp holds a performance score of 17. The firm shows a Beta (market volatility) of 1.22, which signifies 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, Cameco Corp will likely underperform. Please check Cameco Corp's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Cameco Corp's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Cameco Corp has good reverse predictability. Overlapping area represents the amount of predictability between Cameco Corp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cameco Corp price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Cameco Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 9.03 |
Cameco Corp lagged returns against current returns
Autocorrelation, which is Cameco Corp stock'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 Cameco Corp's stock expected returns. We can calculate the autocorrelation of Cameco Corp returns to help us make a trade decision. For example, suppose you find that Cameco Corp has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Cameco Corp 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 Cameco Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cameco Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cameco Corp stock over time.
Current vs Lagged Prices |
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Cameco Corp Lagged Returns
When evaluating Cameco Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cameco Corp stock have on its future price. Cameco Corp 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, Cameco Corp autocorrelation shows the relationship between Cameco Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Cameco Corp.
Regressed Prices |
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Cameco Corp technical stock 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, stock market cycles, or different charting patterns.