Cameco Corp Stock Forecast - Daily Balance Of Power

CCJ Stock  USD 52.40  0.04  0.08%   
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.
  
At this time, Cameco Corp's Fixed Asset Turnover is relatively stable compared to the past year. Asset Turnover is expected to hike to 0.31 this year, although the value of Inventory Turnover will most likely fall to 1.55. . Net Income Applicable To Common Shares is expected to hike to about 138.5 M this year, although the value of Common Stock Shares Outstanding will most likely fall to nearly 403.3 M.
On December 12, 2024 Cameco Corp had Daily Balance Of Power of (0.50). Balance of Power indicator (or BOP) measures the strength of Cameco Corp market sensitivity to bulls and bears. It estimates the ability of Cameco Corp buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Cameco Corp Balance of Power indicator one can determine a trend of the price direction.
Check Cameco Corp VolatilityBacktest Cameco CorpTrend Details  

Cameco Corp Trading Date Momentum

On December 13 2024 Cameco Corp was traded for  54.29  at the closing time. Highest Cameco Corp's price during the trading hours was 56.25  and the lowest price during the day was  54.26 . The net volume was 3.8 M. The overall trading history on the 13th of December 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.05% . The overall trading delta to current price is 5.09% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Cameco Corp to competition

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.

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.

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.
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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
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 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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
0.18
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.