Cameco Corp (Germany) Market Value
| CCO Stock | EUR 0.01 0.0005 5.26% |
| Symbol | Cameco |
Cameco Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cameco Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cameco Corp.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Cameco Corp on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cameco Corp or generate 0.0% return on investment in Cameco Corp over 30 days. Cameco Corp is related to or competes with Maple Leaf, SENECA FOODS, PATTIES FOODS, Tsingtao Brewery, Tyson Foods, and BOSTON BEER. China Chengtong Development Group Limited, an investment holding company, engages in the property development, property ... More
Cameco Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cameco Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cameco Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 21.05 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Cameco Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cameco Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cameco Corp's standard deviation. In reality, there are many statistical measures that can use Cameco Corp historical prices to predict the future Cameco Corp's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.3057 |
Cameco Corp Backtested Returns
Cameco Corp secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Cameco Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cameco Corp's Risk Adjusted Performance of 0.0045, standard deviation of 3.94, and Mean Deviation of 2.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0832, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cameco Corp are expected to decrease at a much lower rate. During the bear market, Cameco Corp is likely to outperform the market. At this point, Cameco Corp has a negative expected return of -0.0154%. Please make sure to confirm Cameco Corp's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Cameco Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Cameco Corp has modest predictability. Overlapping area represents the amount of predictability between Cameco Corp time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cameco Corp price movement. The serial correlation of 0.55 indicates that about 55.0% of current Cameco Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cameco Corp lagged returns against current returns
Autocorrelation, which is Cameco Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cameco Corp's stock expected returns. We can calculate the autocorrelation of Cameco Corp returns to help us make a trade decision. For example, suppose you find that Cameco Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cameco Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cameco Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cameco Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cameco Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Cameco Corp Lagged Returns
When evaluating Cameco Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cameco Corp stock have on its future price. Cameco Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cameco Corp autocorrelation shows the relationship between Cameco Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Cameco Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cameco Stock
When determining whether Cameco Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Cameco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cameco Corp Stock. Highlighted below are key reports to facilitate an investment decision about Cameco Corp Stock:Check out Cameco Corp Correlation, Cameco Corp Volatility and Cameco Corp Alpha and Beta module to complement your research on Cameco Corp. For more detail on how to invest in Cameco Stock please use our How to Invest in Cameco Corp guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.