Cameco Corp Stock Forecast - Simple Regression
| CCJ Stock | USD 98.56 7.07 7.73% |
The Simple Regression forecasted value of Cameco Corp on the next trading day is expected to be 91.40 with a mean absolute deviation of 4.40 and the sum of the absolute errors of 268.12. 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.
As of now the relative strength index (rsi) of Cameco Corp's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Earnings Growth 8.214 | EPS Estimate Next Quarter 0.3778 | EPS Estimate Current Year 1.3896 | EPS Estimate Next Year 1.9691 | Wall Street Target Price 111.1509 |
Using Cameco Corp hype-based prediction, you can estimate the value of Cameco Corp from the perspective of Cameco Corp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Cameco Corp using Cameco Corp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Cameco using crowd psychology based on the activity and movement of Cameco Corp's stock price.
Cameco Corp Short Interest
A significant increase or decrease in Cameco Corp's short interest from the previous month could be a good indicator of investor sentiment towards Cameco. Short interest can provide insight into the potential direction of Cameco Corp stock and how bullish or bearish investors feel about the market overall.
200 Day MA 72.6282 | Short Percent 0.0236 | Short Ratio 1.83 | Shares Short Prior Month 7 M | 50 Day MA 91.0668 |
Cameco Corp Hype to Price Pattern
Investor biases related to Cameco Corp's public news can be used to forecast risks associated with an investment in Cameco. The trend in average sentiment can be used to explain how an investor holding Cameco can time the market purely based on public headlines and social activities around Cameco Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Cameco Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Cameco Corp.
Cameco Corp Implied Volatility | 0.76 |
Cameco Corp's implied volatility exposes the market's sentiment of Cameco Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cameco Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cameco Corp stock will not fluctuate a lot when Cameco Corp's options are near their expiration.
The Simple Regression forecasted value of Cameco Corp on the next trading day is expected to be 91.40 with a mean absolute deviation of 4.40 and the sum of the absolute errors of 268.12. Cameco Corp after-hype prediction price | USD 98.56 |
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.
Check out Historical Fundamental Analysis of Cameco Corp to cross-verify your projections. Open Interest Against 2026-03-20 Cameco Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Cameco Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Cameco Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Cameco Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Cameco Corp's open interest, investors have to compare it to Cameco Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Cameco Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Cameco. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Cameco Corp Additional Predictive Modules
Most predictive techniques to examine Cameco price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cameco using various technical indicators. When you analyze Cameco 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cameco Corp Simple Regression Price Forecast For the 5th of January
Given 90 days horizon, the Simple Regression forecasted value of Cameco Corp on the next trading day is expected to be 91.40 with a mean absolute deviation of 4.40, mean absolute percentage error of 33.34, and the sum of the absolute errors of 268.12.Please note that although there have been many attempts to predict Cameco Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Cameco Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cameco Corp Stock Forecast Pattern
| Backtest Cameco Corp | Cameco Corp Price Prediction | Buy or Sell Advice |
Cameco Corp Forecasted Value
In the context of forecasting Cameco Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Cameco Corp's downside and upside margins for the forecasting period are 87.28 and 95.52, respectively. We have considered Cameco Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Cameco Corp stock data series using in forecasting. Note that when a statistical model is used to represent Cameco Corp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 121.6172 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.3954 |
| MAPE | Mean absolute percentage error | 0.0481 |
| SAE | Sum of the absolute errors | 268.119 |
Predictive Modules for Cameco Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cameco 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cameco Corp'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.
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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Mean Deviation | 2.49 | |||
| Semi Deviation | 2.54 | |||
| Standard Deviation | 4.03 | |||
| Variance | 16.21 | |||
| Downside Variance | 7.83 | |||
| Semi Variance | 6.45 | |||
| Expected Short fall | (2.95) |
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.
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Try AI Portfolio ProphetCheck 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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 8.214 | Dividend Share 0.16 | Earnings Share 0.89 | Revenue Per Share | Quarterly Revenue Growth (0.15) |
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.