Cameco Corp Stock Forecast - Total Risk Alpha
| CCJ Stock | USD 57.81 0.81 1.38% |
Cameco Stock Forecast is based on your current time horizon. Although Cameco Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cameco Corp's systematic risk associated with finding meaningful patterns of Cameco Corp fundamentals over time.
Cameco |
| Check Cameco Corp Volatility | Backtest Cameco Corp | Information Ratio |
Cameco Corp Trading Date Momentum
| On November 28 2024 Cameco Corp was traded for 57.81 at the closing time. Highest Cameco Corp's price during the trading hours was 57.81 and the lowest price during the day was 57.81 . There was no trading activity during the period 0.0. Lack of trading volume on the 28th of November did not affect price variability. The overall trading delta to current price is 1.40% . |
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Other Forecasting Options for Cameco Corp
For every potential investor in Cameco, whether a beginner or expert, Cameco Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cameco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cameco. Basic forecasting techniques help filter out the noise by identifying Cameco Corp's price trends.Cameco Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cameco Corp stock to make a market-neutral strategy. Peer analysis of Cameco Corp could also be used in its relative valuation, which is a method of valuing Cameco Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cameco Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cameco Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cameco Corp's current price.| Cycle Indicators | ||
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Cameco Corp Market Strength Events
Market strength indicators help investors to evaluate how Cameco Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cameco Corp shares will generate the highest return on investment. By undertsting and applying Cameco Corp stock market strength indicators, traders can identify Cameco Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 57.81 | |||
| Day Typical Price | 57.81 | |||
| Price Action Indicator | (0.40) | |||
| Period Momentum Indicator | (0.81) | |||
| Relative Strength Index | 54.21 |
Cameco Corp Risk Indicators
The analysis of Cameco Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cameco Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cameco stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.03 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.73 | |||
| Variance | 7.43 | |||
| Downside Variance | 5.22 | |||
| Semi Variance | 3.79 | |||
| Expected Short fall | (2.40) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Cameco Corp to cross-verify your projections. For more information on how to buy Cameco Stock please use our How to buy in Cameco Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market 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 0.19 | 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.