Meren Energy Stock Price Prediction
| MER Stock | 2.08 0.06 2.97% |
Momentum 65
Buy Extended
Oversold | Overbought |
Using Meren Energy hype-based prediction, you can estimate the value of Meren Energy from the perspective of Meren Energy response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Meren Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Meren because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Meren Energy after-hype prediction price | CAD 2.83 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Meren |
Meren Energy After-Hype Price Density Analysis
As far as predicting the price of Meren Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Meren Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Meren Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Meren Energy Estimiated After-Hype Price Volatility
In the context of predicting Meren Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Meren Energy's historical news coverage. Meren Energy's after-hype downside and upside margins for the prediction period are 0.76 and 4.90, respectively. We have considered Meren Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Meren Energy is unstable at this time. Analysis and calculation of next after-hype price of Meren Energy is based on 3 months time horizon.
Meren Energy Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Meren Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Meren Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Meren Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.36 | 2.07 | 0.75 | 0.11 | 4 Events / Month | 2 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.08 | 2.83 | 36.06 |
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Meren Energy Hype Timeline
Meren Energy is now traded for 2.08on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.75, and average elasticity to hype of competition of 0.11. Meren is projected to increase in value after the next headline, with the price projected to jump to 2.83 or above. The average volatility of media hype impact on the company the price is about 99.04%. The price boost on the next news is estimated to be 36.06%, whereas the daily expected return is now at 0.36%. The volatility of related hype on Meren Energy is about 690.0%, with the expected price after the next announcement by competition of 2.19. Meren Energy has accumulated 3.3 M in total debt. Debt can assist Meren Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Meren Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Meren Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Meren to invest in growth at high rates of return. When we think about Meren Energy's use of debt, we should always consider it together with cash and equity.Assuming the 90 days trading horizon the next projected press release will be in about 4 days. Check out Meren Energy Basic Forecasting Models to cross-verify your projections.Meren Energy Related Hype Analysis
Having access to credible news sources related to Meren Energy's direct competition is more important than ever and may enhance your ability to predict Meren Energy's future price movements. Getting to know how Meren Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Meren Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CJ | Cardinal Energy | (0.08) | 6 per month | 1.52 | 0.13 | 3.08 | (2.42) | 9.47 | |
| KEL | Kelt Exploration | (0.31) | 8 per month | 2.06 | 0.12 | 4.70 | (3.63) | 14.00 | |
| SDE | Spartan Delta Corp | 2.09 | 1 per month | 1.93 | 0.26 | 4.10 | (3.67) | 11.06 | |
| PD | Precision Drilling | 0.56 | 10 per month | 1.40 | 0.19 | 3.01 | (2.50) | 7.40 | |
| URE | Ur Energy | 0.07 | 9 per month | 3.73 | 0.07 | 7.18 | (6.18) | 15.99 | |
| TCW | Trican Well Service | 0.08 | 8 per month | 2.38 | 0.09 | 3.20 | (4.74) | 10.95 | |
| OBE | Obsidian Energy | 0.18 | 8 per month | 2.32 | 0.07 | 4.08 | (4.06) | 11.63 | |
| VLE | Valeura Energy | 0.25 | 7 per month | 1.77 | 0.20 | 5.06 | (2.54) | 13.92 | |
| TNZ | Tenaz Energy Corp | (0.14) | 6 per month | 1.87 | 0.14 | 4.75 | (3.43) | 17.96 |
Meren Energy Additional Predictive Modules
Most predictive techniques to examine Meren price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Meren using various technical indicators. When you analyze Meren charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Meren Energy Predictive Indicators
The successful prediction of Meren Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Meren Energy, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Meren Energy based on analysis of Meren Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Meren Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Meren Energy's related companies.
Pair Trading with Meren Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Meren Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Meren Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Meren Stock
| 0.68 | CNQ | Canadian Natural Res | PairCorr |
| 0.67 | OXY | Occidental Petroleum | PairCorr |
| 0.65 | WCP | Whitecap Resources | PairCorr |
The ability to find closely correlated positions to Meren Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meren Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Meren Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Meren Energy to buy it.
The correlation of Meren Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meren Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meren Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Meren Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Meren Energy Basic Forecasting Models to cross-verify your projections. To learn how to invest in Meren Stock, please use our How to Invest in Meren Energy guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.