Mcewen Mining Stock Price Prediction
| MUX Stock | USD 8.22 0.06 0.74% |
Oversold Vs Overbought
35
Oversold | Overbought |
EPS Estimate Next Quarter (0.16) | Wall Street Target Price 14.4375 | EPS Estimate Current Quarter (0.15) | Quarterly Revenue Growth 0.361 |
Using McEwen Mining hype-based prediction, you can estimate the value of McEwen Mining from the perspective of McEwen Mining response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in McEwen Mining to buy its stock at a price that has no basis in reality. In that case, they are not buying McEwen because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
McEwen Mining after-hype prediction price | USD 8.18 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
McEwen |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McEwen Mining'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.
McEwen Mining After-Hype Price Prediction Density Analysis
As far as predicting the price of McEwen Mining at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in McEwen Mining or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of McEwen Mining, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
McEwen Mining Estimiated After-Hype Price Volatility
In the context of predicting McEwen Mining's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on McEwen Mining's historical news coverage. McEwen Mining's after-hype downside and upside margins for the prediction period are 5.02 and 11.34, respectively. We have considered McEwen Mining's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
McEwen Mining is somewhat reliable at this time. Analysis and calculation of next after-hype price of McEwen Mining is based on 3 months time horizon.
McEwen Mining Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as McEwen Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading McEwen Mining backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with McEwen Mining, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 3.06 | 0.00 | 0.00 | 9 Events / Month | 4 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
8.22 | 8.18 | 0.49 |
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McEwen Mining Hype Timeline
On the 29th of November McEwen Mining is traded for 8.22. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. McEwen is anticipated to decline in value after the next headline, with the price expected to drop to 8.18. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.49%, whereas the daily expected return is now at 0.0%. The volatility of related hype on McEwen Mining is about 12750.0%, with the expected price after the next announcement by competition of 8.22. About 16.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.87. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. McEwen Mining last dividend was issued on the 7th of March 2019. The entity had 1:10 split on the 28th of July 2022. Considering the 90-day investment horizon the next anticipated press release will be in about 9 days. Check out McEwen Mining Basic Forecasting Models to cross-verify your projections.McEwen Mining Related Hype Analysis
Having access to credible news sources related to McEwen Mining's direct competition is more important than ever and may enhance your ability to predict McEwen Mining's future price movements. Getting to know how McEwen Mining's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how McEwen Mining may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| EXK | Endeavour Silver Corp | 0.08 | 9 per month | 3.18 | 0.08 | 7.74 | (4.93) | 21.38 | |
| FSM | Fortuna Silver Mines | (0.14) | 6 per month | 3.20 | (0.02) | 4.66 | (5.13) | 17.32 | |
| NGD | New Gold | (0.01) | 9 per month | 2.95 | 0 | 5.53 | (5.00) | 17.13 | |
| SAND | Sandstorm Gold Ltd | 0.08 | 10 per month | 2.39 | (0.02) | 3.33 | (2.56) | 15.60 | |
| IAG | IAMGold | 0.11 | 10 per month | 3.26 | 0 | 6.95 | (4.35) | 25.09 |
McEwen Mining Additional Predictive Modules
Most predictive techniques to examine McEwen price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for McEwen using various technical indicators. When you analyze McEwen charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Statistic Functions | ||
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| Volume Indicators |
About McEwen Mining Predictive Indicators
The successful prediction of McEwen Mining stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as McEwen Mining, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of McEwen Mining based on analysis of McEwen Mining hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to McEwen Mining's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to McEwen Mining's related companies. | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.001029 | 0.001183 | 0.001124 | Price To Sales Ratio | 2.52 | 2.06 | 1.96 |
Story Coverage note for McEwen Mining
The number of cover stories for McEwen Mining depends on current market conditions and McEwen Mining's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that McEwen Mining is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about McEwen Mining's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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McEwen Mining Short Properties
McEwen Mining's future price predictability will typically decrease when McEwen Mining's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of McEwen Mining often depends not only on the future outlook of the potential McEwen Mining'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. McEwen Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 47.5 M | |
| Cash And Short Term Investments | 24.8 M |
Additional Tools for McEwen Stock Analysis
When running McEwen Mining's price analysis, check to measure McEwen Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.