Denison Mines Corp Stock Probability of Future Stock Price Finishing Over 6.38

DML Stock  CAD 3.17  0.01  0.32%   
Denison Mines' future price is the expected price of Denison Mines instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Denison Mines Corp performance during a given time horizon utilizing its historical volatility. Check out Denison Mines Backtesting, Denison Mines Valuation, Denison Mines Correlation, Denison Mines Hype Analysis, Denison Mines Volatility, Denison Mines History as well as Denison Mines Performance.
  
At this time, Denison Mines' Price To Sales Ratio is very stable compared to the past year. As of the 4th of December 2024, Price Earnings Ratio is likely to grow to 22.86, while Price Earnings To Growth Ratio is likely to drop 0.04. Please specify Denison Mines' target price for which you would like Denison Mines odds to be computed.

Denison Mines Target Price Odds to finish over 6.38

The tendency of Denison 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 PriceHorizonTarget PriceOdds to move over C$ 6.38  or more in 90 days
 3.17 90 days 6.38 
near 1
Based on a normal probability distribution, the odds of Denison Mines to move over C$ 6.38  or more in 90 days from now is near 1 (This Denison Mines Corp probability density function shows the probability of Denison Stock to fall within a particular range of prices over 90 days) . Probability of Denison Mines Corp price to stay between its current price of C$ 3.17  and C$ 6.38  at the end of the 90-day period is about 14.74 .
Assuming the 90 days trading horizon Denison Mines has a beta of 0.6 suggesting as returns on the market go up, Denison Mines average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Denison Mines Corp will be expected to be much smaller as well. Additionally Denison Mines Corp has an alpha of 0.5114, implying that it can generate a 0.51 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Denison Mines Price Density   
       Price  

Predictive Modules for Denison Mines

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Denison Mines Corp. 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.
Hype
Prediction
LowEstimatedHigh
0.163.126.31
Details
Intrinsic
Valuation
LowRealHigh
0.253.446.63
Details
Naive
Forecast
LowNextHigh
0.063.196.38
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.02-0.01-0.01
Details

Denison Mines Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Denison Mines is not an exception. The market had few large corrections towards the Denison Mines' 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 Denison Mines Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Denison Mines within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.51
β
Beta against Dow Jones0.60
σ
Overall volatility
0.42
Ir
Information ratio 0.14

Denison Mines 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 Denison Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Denison Mines Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Denison Mines Corp appears to be risky and price may revert if volatility continues
Denison Mines Corp has accumulated about 47.85 M in cash with (30.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Latest headline from news.google.com: DNN Earnings Yield percent NA percent - GuruFocus.com

Denison Mines 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 Denison Stock often depends not only on the future outlook of the current and potential Denison Mines' 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. Denison Mines' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding854 M
Cash And Short Term Investments141.5 M

Denison Mines Technical Analysis

Denison Mines' future price can be derived by breaking down and analyzing its technical indicators over time. Denison Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Denison Mines Corp. In general, you should focus on analyzing Denison Stock price patterns and their correlations with different microeconomic environments and drivers.

Denison Mines Predictive Forecast Models

Denison Mines' time-series forecasting models is one of many Denison Mines' 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 Denison Mines' 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 Denison Mines Corp

Checking the ongoing alerts about Denison Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Denison Mines Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Denison Mines Corp appears to be risky and price may revert if volatility continues
Denison Mines Corp has accumulated about 47.85 M in cash with (30.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Latest headline from news.google.com: DNN Earnings Yield percent NA percent - GuruFocus.com
When determining whether Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:
Check out Denison Mines Backtesting, Denison Mines Valuation, Denison Mines Correlation, Denison Mines Hype Analysis, Denison Mines Volatility, Denison Mines History as well as Denison Mines Performance.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.