Canaan Graham Number from 2010 to 2026
| CAN Stock | USD 0.50 0.06 10.71% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 0.44 | Current Value 0.8 | Quarterly Volatility 0.43620954 |
Check Canaan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canaan's main balance sheet or income statement drivers, such as Tax Provision of 45.6 M, Net Interest Income of 18.1 K or Interest Income of 585.6 K, as well as many indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.059 or PTB Ratio of 0.7. Canaan financial statements analysis is a perfect complement when working with Canaan Valuation or Volatility modules.
Canaan | Graham Number | Build AI portfolio with Canaan Stock |
Evaluating Canaan's Graham Number across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Canaan Inc's fundamental strength.
Latest Canaan's Graham Number Growth Pattern
Below is the plot of the Graham Number of Canaan Inc over the last few years. It is Canaan's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canaan's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
|
Graham Number |
| Timeline |
Canaan Graham Number Regression Statistics
| Arithmetic Mean | 0.94 | |
| Geometric Mean | 0.83 | |
| Coefficient Of Variation | 46.42 | |
| Mean Deviation | 0.40 | |
| Median | 0.80 | |
| Standard Deviation | 0.44 | |
| Sample Variance | 0.19 | |
| Range | 0.9864 | |
| R-Value | (0.84) | |
| Mean Square Error | 0.06 | |
| R-Squared | 0.70 | |
| Significance | 0.000029 | |
| Slope | (0.07) | |
| Total Sum of Squares | 3.04 |
Canaan Graham Number History
About Canaan Financial Statements
Canaan investors utilize fundamental indicators, such as Graham Number, to predict how Canaan Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 0.44 | 0.80 |
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 the analysis of Canaan Correlation against competitors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.