Agnico Eagle Mines Stock Probability of Future Stock Price Finishing Under 78.16
| AEM Stock | USD 78.16 0.80 1.03% |
Agnico |
Agnico Eagle Target Price Odds to finish below 78.16
The tendency of Agnico 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 move below current price in 90 days |
| 78.16 | 90 days | 78.16 | about 9.15 |
Based on a normal probability distribution, the odds of Agnico Eagle to move below current price in 90 days from now is about 9.15 (This Agnico Eagle Mines probability density function shows the probability of Agnico Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Agnico Eagle Mines has a beta of -0.0909. This suggests as returns on the benchmark increase, returns on holding Agnico Eagle are expected to decrease at a much lower rate. During a bear market, however, Agnico Eagle Mines is likely to outperform the market. Additionally Agnico Eagle Mines has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Agnico Eagle Price Density |
| Price |
Predictive Modules for Agnico Eagle
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Agnico Eagle Mines. 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 Agnico Eagle'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.
Agnico Eagle Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Agnico Eagle is not an exception. The market had few large corrections towards the Agnico Eagle'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 Agnico Eagle Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Agnico Eagle within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.09 | |
σ | Overall volatility | 3.30 | |
Ir | Information ratio | -0.04 |
Agnico Eagle 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 Agnico Eagle for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Agnico Eagle Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Agnico Eagle Mines generated a negative expected return over the last 90 days | |
| Agnico Eagle Mines is unlikely to experience financial distress in the next 2 years | |
| About 71.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of December 2024 Agnico Eagle paid $ 0.4 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Gold79 Engages i2i Marketing Group, LLC for Marketing Program |
Agnico Eagle 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 Agnico Stock often depends not only on the future outlook of the current and potential Agnico Eagle'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. Agnico Eagle's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 489.9 M | |
| Cash And Short Term Investments | 348.8 M |
Agnico Eagle Technical Analysis
Agnico Eagle's future price can be derived by breaking down and analyzing its technical indicators over time. Agnico Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Agnico Eagle Mines. In general, you should focus on analyzing Agnico Stock price patterns and their correlations with different microeconomic environments and drivers.
Agnico Eagle Predictive Forecast Models
Agnico Eagle's time-series forecasting models is one of many Agnico Eagle'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 Agnico Eagle'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 Agnico Eagle Mines
Checking the ongoing alerts about Agnico Eagle for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Agnico Eagle Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Agnico Eagle Mines generated a negative expected return over the last 90 days | |
| Agnico Eagle Mines is unlikely to experience financial distress in the next 2 years | |
| About 71.0% of the company shares are held by institutions such as insurance companies | |
| On 16th of December 2024 Agnico Eagle paid $ 0.4 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Gold79 Engages i2i Marketing Group, LLC for Marketing Program |
Check out Agnico Eagle Backtesting, Agnico Eagle Valuation, Agnico Eagle Correlation, Agnico Eagle Hype Analysis, Agnico Eagle Volatility, Agnico Eagle History as well as Agnico Eagle Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Metals & Mining 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 Agnico Eagle. If investors know Agnico 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 Agnico Eagle 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 2.245 | Dividend Share 1.6 | Earnings Share 1.98 | Revenue Per Share 15.68 | Quarterly Revenue Growth 0.312 |
The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle'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 Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle'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 Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle'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.