Meg Energy Corp Stock Statistic Functions Beta
| MEG Stock | CAD 29.20 0.21 0.71% |
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The output start index for this execution was seven with a total number of output elements of fifty-four. The Beta measures systematic risk based on how returns on MEG Energy Corp correlated with the market. If Beta is less than 0 MEG Energy generally moves in the opposite direction as compared to the market. If MEG Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MEG Energy Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MEG Energy is generally in the same direction as the market. If Beta > 1 MEG Energy moves generally in the same direction as, but more than the movement of the benchmark.
MEG Energy Technical Analysis Modules
Most technical analysis of MEG Energy help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MEG from various momentum indicators to cycle indicators. When you analyze MEG 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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About MEG Energy Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MEG Energy Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of MEG Energy Corp based on widely used predictive technical indicators. In general, we focus on analyzing MEG Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MEG Energy's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of MEG Energy's intrinsic value. In addition to deriving basic predictive indicators for MEG Energy, we also check how macroeconomic factors affect MEG Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 40.01 | 27.33 | 29.12 | 27.66 | PTB Ratio | 0.94 | 1.31 | 1.49 | 1.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MEG Energy'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.
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Generate Optimal Portfolios
Align your risk and return expectations
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's 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 the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for MEG Stock analysis
When running MEG Energy's price analysis, check to measure MEG Energy'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 MEG Energy is operating at the current time. Most of MEG Energy's value examination focuses on studying past and present price action to predict the probability of MEG Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEG Energy's price. Additionally, you may evaluate how the addition of MEG Energy to your portfolios can decrease your overall portfolio volatility.
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