Canaan Earnings Estimate
| CAN Stock | USD 0.50 0.06 10.71% |
Canaan Earnings per Share Projection vs Actual
About Canaan Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Canaan earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Canaan estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Canaan fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -645.9 M | -613.6 M | |
| Earnings Yield | (0.65) | (0.62) | |
| Price Earnings Ratio | (1.54) | (1.62) | |
| Price Earnings To Growth Ratio | 0.03 | 0.02 |
Pair Trading with Canaan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canaan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canaan will appreciate offsetting losses from the drop in the long position's value.Moving together with Canaan Stock
Moving against Canaan Stock
| 0.83 | OBYCF | Obayashi | PairCorr |
| 0.73 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.73 | BNKHF | BOC Hong Kong | PairCorr |
| 0.72 | NFG | National Fuel Gas | PairCorr |
| 0.64 | SECVY | Seche Environnement | PairCorr |
The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canaan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canaan Inc to buy it.
The correlation of Canaan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canaan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Will Semiconductors & Semiconductor Equipment sector continue expanding? Could Canaan diversify its offerings? Factors like these will boost the valuation of Canaan. Projected growth potential of Canaan fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Canaan data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.92) | Earnings Share (0.45) | Revenue Per Share | Quarterly Revenue Growth 1.211 | Return On Assets |
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Canaan's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Canaan should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Canaan's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.