Agnico-Eagle Stock Probability of Future Stock Price Finishing Over 42.23

AEM
 Stock
  

USD 42.23  0.80  1.93%   

Agnico-Eagle Mines' future price is the expected price of Agnico-Eagle 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 Agnico-Eagle Mines performance during a given time horizon utilizing its historical volatility.
  
Agnico-Eagle Mines' implied volatility is one of the determining factors in the pricing options written on Agnico-Eagle Mines. Implied volatility approximates the future value of Agnico-Eagle Mines based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Agnico-Eagle Mines over a specific time period. For example, 2022-10-21 CALL at $40.0 is a CALL option contract on Agnico-Eagle Mines' common stock with a strick price of 40.0 expiring on 2022-10-21. The contract was last traded on 2022-09-30 at 14:38:26 for $3.72 and, as of today, has 18 days remaining before the expiration. The option is currently trading at a bid price of $3.3, and an ask price of $3.5. The implied volatility as of the 3rd of October is 55.1259. View All Agnico-Eagle options

Closest to current price Agnico-Eagle long CALL Option Payoff at Expiration

Please continue to Agnico-Eagle Mines Backtesting, Agnico-Eagle Mines Valuation, Agnico-Eagle Mines Correlation, Agnico-Eagle Mines Hype Analysis, Agnico-Eagle Mines Volatility, Agnico-Eagle Mines History as well as Agnico-Eagle Mines Performance. Please specify Agnico-Eagle Mines time horizon, a valid symbol (red box) and a target price (blue box) you would like Agnico-Eagle Mines odds to be computed.

Agnico-Eagle Mines Target Price Odds to finish over 42.23

The tendency of Agnico-Eagle 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 above the current price in 90 days
 42.23 90 days 42.23 
about 58.87
Based on a normal probability distribution, the odds of Agnico-Eagle Mines to move above the current price in 90 days from now is about 58.87 (This Agnico-Eagle Mines probability density function shows the probability of Agnico-Eagle Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.09 . This suggests Agnico-Eagle Mines market returns are highly reactive to returns on the market. As the market goes up or down, Agnico-Eagle Mines is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Agnico-Eagle Mines is significantly underperforming DOW.
   Agnico-Eagle Mines Price Density   
       Price  

Predictive Modules for Agnico-Eagle 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 Agnico-Eagle Mines. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Agnico-Eagle Mines' 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. Please use the tools below to analyze the current value of Agnico-Eagle Mines in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
39.5042.1044.70
Details
Intrinsic
Valuation
LowReal ValueHigh
38.0150.3452.94
Details
9 Analysts
Consensus
LowTarget PriceHigh
63.0075.00110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Agnico-Eagle Mines. Your research has to be compared to or analyzed against Agnico-Eagle Mines' peers to derive any actionable benefits. When done correctly, Agnico-Eagle Mines' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Agnico-Eagle Mines.

Agnico-Eagle Mines Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Agnico-Eagle Mines is not an exception. The market had few large corrections towards the Agnico-Eagle 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 Agnico-Eagle Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Agnico-Eagle Mines within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.01
β
Beta against DOW1.09
σ
Overall volatility
2.14
Ir
Information ratio -0.0094

Agnico-Eagle 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 Agnico-Eagle Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Agnico-Eagle Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Agnico-Eagle Mines generated a negative expected return over the last 90 days
About 65.0% of the company shares are held by institutions such as insurance companies
On 15th of September 2022 Agnico-Eagle Mines paid $ 0.4 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: CANADA STOCKS-TSX ends flat in volatile trade, gold stocks gain - Nasdaq

Agnico-Eagle 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 Agnico-Eagle Stock often depends not only on the future outlook of the current and potential Agnico-Eagle 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. Agnico-Eagle Mines' indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out1.55%
Trailing Annual Dividend Rate1.10
Short Percent Of Float1.63%
Float Shares451.44M
Average Daily Volume Last 10 Day3.16M
Shares Short Prior Month6.41M
Average Daily Volume In Three Month3.17M
Date Short Interest15th of July 2022
Trailing Annual Dividend Yield2.93%

Agnico-Eagle Mines Technical Analysis

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

Agnico-Eagle Mines Predictive Forecast Models

Agnico-Eagle Mines time-series forecasting models is one of many Agnico-Eagle Mines' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Agnico-Eagle 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 Agnico-Eagle Mines

Checking the ongoing alerts about Agnico-Eagle Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Agnico-Eagle Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Agnico-Eagle Mines generated a negative expected return over the last 90 days
About 65.0% of the company shares are held by institutions such as insurance companies
On 15th of September 2022 Agnico-Eagle Mines paid $ 0.4 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: CANADA STOCKS-TSX ends flat in volatile trade, gold stocks gain - Nasdaq
Please continue to Agnico-Eagle Mines Backtesting, Agnico-Eagle Mines Valuation, Agnico-Eagle Mines Correlation, Agnico-Eagle Mines Hype Analysis, Agnico-Eagle Mines Volatility, Agnico-Eagle Mines History as well as Agnico-Eagle Mines Performance. Note that the Agnico-Eagle Mines information on this page should be used as a complementary analysis to other Agnico-Eagle Mines' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Agnico-Eagle Stock analysis

When running Agnico-Eagle Mines price analysis, check to measure Agnico-Eagle Mines' 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 Agnico-Eagle Mines is operating at the current time. Most of Agnico-Eagle Mines' value examination focuses on studying past and present price action to predict the probability of Agnico-Eagle Mines' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Agnico-Eagle Mines' price. Additionally, you may evaluate how the addition of Agnico-Eagle Mines to your portfolios can decrease your overall portfolio volatility.
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Is Agnico-Eagle Mines' 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 Agnico-Eagle Mines. If investors know Agnico-Eagle 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 Agnico-Eagle Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Agnico-Eagle Mines is measured differently than its book value, which is the value of Agnico-Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico-Eagle Mines' value that differs from its market value or its book value, called intrinsic value, which is Agnico-Eagle Mines' 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 Agnico-Eagle Mines' market value can be influenced by many factors that don't directly affect Agnico-Eagle Mines' 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 Agnico-Eagle Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine Agnico-Eagle Mines value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico-Eagle 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.