Cameco Corp Stock Technical Analysis
| CCO Stock | CAD 84.01 1.07 1.26% |
As of the 25th of November, Cameco Corp shows the Risk Adjusted Performance of 0.1939, downside deviation of 2.23, and Mean Deviation of 1.98. Cameco Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Cameco Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cameco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CamecoCameco |
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.
Cameco Corp Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cameco Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cameco Corp Trend Analysis
Use this graph to draw trend lines for Cameco Corp. You can use it to identify possible trend reversals for Cameco Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cameco Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cameco Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cameco Corp applied against its price change over selected period. The best fit line has a slop of 0.51 , which means Cameco Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9970.52, which is the sum of squared deviations for the predicted Cameco Corp price change compared to its average price change.About Cameco Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cameco Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cameco Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cameco Corp price pattern first instead of the macroeconomic environment surrounding Cameco Corp. By analyzing Cameco Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cameco Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cameco Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002903 | 0.00417 | 0.002097 | 0.001992 | Price To Sales Ratio | 7.44 | 6.66 | 9.6 | 10.08 |
Cameco Corp November 25, 2024 Technical Indicators
Most technical analysis of Cameco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cameco from various momentum indicators to cycle indicators. When you analyze Cameco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1939 | |||
| Market Risk Adjusted Performance | 2.58 | |||
| Mean Deviation | 1.98 | |||
| Semi Deviation | 1.75 | |||
| Downside Deviation | 2.23 | |||
| Coefficient Of Variation | 410.57 | |||
| Standard Deviation | 2.64 | |||
| Variance | 6.95 | |||
| Information Ratio | 0.194 | |||
| Jensen Alpha | 0.6023 | |||
| Total Risk Alpha | 0.2169 | |||
| Sortino Ratio | 0.229 | |||
| Treynor Ratio | 2.57 | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 5.6 | |||
| Downside Variance | 4.98 | |||
| Semi Variance | 3.08 | |||
| Expected Short fall | (2.30) | |||
| Skewness | 0.3953 | |||
| Kurtosis | 1.03 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.