Uranium Week Supply Misses And Geo-Politics
| CCJ Stock | USD 53.12 0.96 1.84% |
Nearly 55% of Cameco Corp's stakeholders are presently thinking to get in. The current sentiment regarding investing in Cameco Corp stock implies that some traders are interested. Cameco Corp's investing sentiment shows overall attitude of investors towards Cameco Corp.
Cameco |
Supply-side constraints and Russian export curbs are just two factors altering the riskreward outlook for the uranium spot price
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Cameco Corp Fundamental Analysis
We analyze Cameco Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cameco Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cameco Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Cameco Corp is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Cameco Corp Potential Pair-trading
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.
Peers
Cameco Corp Related Equities
| NXE | NexGen Energy | 2.06 | ||||
| UUUU | Energy Fuels | 1.06 | ||||
| DNN | Denison Mines | 0.96 | ||||
| UEC | Uranium Energy | 0.26 | ||||
| EU | EnCore Energy | 2.97 | ||||
| URG | Ur Energy | 3.97 |
Check out Cameco Corp Hype Analysis, Cameco Corp Correlation and Cameco Corp Performance. For more information on how to buy Cameco Stock please use our How to buy in Cameco Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Non-Metallic and Industrial Metal 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 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.
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.