Mcewen Mining Stock Probability of Future Stock Price Finishing Over 0.95
| MUX Stock | USD 10.92 0.19 1.71% |
Closest to current price McEwen long CALL Option Payoff at Expiration
McEwen |
McEwen Mining Target Price Odds to finish over 0.95
The tendency of McEwen 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 Price | Horizon | Target Price | Odds to stay above $ 0.95 in 90 days |
| 10.92 | 90 days | 0.95 | close to 99 |
Based on a normal probability distribution, the odds of McEwen Mining to stay above $ 0.95 in 90 days from now is close to 99 (This McEwen Mining probability density function shows the probability of McEwen Stock to fall within a particular range of prices over 90 days) . Probability of McEwen Mining price to stay between $ 0.95 and its current price of $10.92 at the end of the 90-day period is about 91.0 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.65 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, McEwen Mining will likely underperform. Additionally McEwen Mining has an alpha of 0.718, implying that it can generate a 0.72 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). McEwen Mining Price Density |
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Predictive Modules for McEwen Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as McEwen Mining. 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 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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. McEwen Mining is not an exception. The market had few large corrections towards the McEwen Mining's 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 McEwen Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of McEwen Mining within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.72 | |
β | Beta against NYSE Composite | 1.65 | |
σ | Overall volatility | 1.93 | |
Ir | Information ratio | 0.21 |
McEwen Mining 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 McEwen Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for McEwen Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| McEwen Mining appears to be risky and price may revert if volatility continues | |
| McEwen Mining has about 39.78 M in cash with (39.34 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19. | |
| Roughly 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: Mining Stocks Hit New Highs as Copper and Gold Exploration Show Promising Potential |
McEwen Mining 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 McEwen Stock often depends not only on the future outlook of the current and 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 |
McEwen Mining Technical Analysis
McEwen Mining's future price can be derived by breaking down and analyzing its technical indicators over time. McEwen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of McEwen Mining. In general, you should focus on analyzing McEwen Stock price patterns and their correlations with different microeconomic environments and drivers.
McEwen Mining Predictive Forecast Models
McEwen Mining's time-series forecasting models is one of many McEwen Mining's 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 McEwen Mining's 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 McEwen Mining
Checking the ongoing alerts about McEwen Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for McEwen Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| McEwen Mining appears to be risky and price may revert if volatility continues | |
| McEwen Mining has about 39.78 M in cash with (39.34 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19. | |
| Roughly 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: Mining Stocks Hit New Highs as Copper and Gold Exploration Show Promising Potential |
Check out McEwen Mining Backtesting, McEwen Mining Valuation, McEwen Mining Correlation, McEwen Mining Hype Analysis, McEwen Mining Volatility, McEwen Mining History as well as McEwen Mining Performance. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary 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.
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Is McEwen Mining's industry 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 McEwen Mining. If investors know McEwen 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 McEwen Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 | Revenue Per Share 3.496 | Quarterly Revenue Growth 1.078 | Return On Assets (0.11) | Return On Equity 0.0773 |
The market value of McEwen Mining is measured differently than its book value, which is the value of McEwen that is recorded on the company's balance sheet. Investors also form their own opinion of McEwen Mining's value that differs from its market value or its book value, called intrinsic value, which is McEwen Mining'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 McEwen Mining's market value can be influenced by many factors that don't directly affect McEwen Mining'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 McEwen Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if McEwen Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McEwen Mining'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.