Canaan Inc Stock Chance of Future Stock Price Finishing Over 0.49
| CAN Stock | USD 0.49 0.01 2.00% |
Closest to current price Canaan long PUT Option Payoff at Expiration
Canaan Target Price Odds to finish over 0.49
The tendency of Canaan 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 move above the current price in 90 days |
| 0.49 | 90 days | 0.49 | about 98.0 |
Based on a normal probability distribution, the odds of Canaan to move above the current price in 90 days from now is about 98.0 (This Canaan Inc probability density function shows the probability of Canaan Stock to fall within a particular range of prices over 90 days) .
Canaan Price Density |
| Price |
Predictive Modules for Canaan
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canaan Inc. 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.Canaan Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canaan is not an exception. The market had few large corrections towards the Canaan'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 Canaan Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canaan within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.26 | |
β | Beta against Dow Jones | 2.52 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.19 |
Canaan 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 Canaan for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canaan Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canaan Inc generated a negative expected return over the last 90 days | |
| Canaan Inc has high historical volatility and very poor performance | |
| Canaan Inc has some characteristics of a very speculative penny stock | |
| The company reported the last year's revenue of 529.74 M. Reported Net Loss for the year was (210.27 M) with profit before taxes, overhead, and interest of 41.16 M. | |
| Canaan Inc has about 2.64 B in cash with (199.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Canaan Inc has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Canaan Inc. Just Reported And Analysts Have Been Cutting Their Estimates |
Canaan 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 Canaan Stock often depends not only on the future outlook of the current and potential Canaan'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. Canaan's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 468.8 M | |
| Cash And Short Term Investments | 80.8 M |
Canaan Technical Analysis
Canaan's future price can be derived by breaking down and analyzing its technical indicators over time. Canaan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canaan Inc. In general, you should focus on analyzing Canaan Stock price patterns and their correlations with different microeconomic environments and drivers.
Canaan Predictive Forecast Models
Canaan's time-series forecasting models is one of many Canaan'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 Canaan'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 Canaan Inc
Checking the ongoing alerts about Canaan for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canaan Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canaan Inc generated a negative expected return over the last 90 days | |
| Canaan Inc has high historical volatility and very poor performance | |
| Canaan Inc has some characteristics of a very speculative penny stock | |
| The company reported the last year's revenue of 529.74 M. Reported Net Loss for the year was (210.27 M) with profit before taxes, overhead, and interest of 41.16 M. | |
| Canaan Inc has about 2.64 B in cash with (199.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Canaan Inc has a poor financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Canaan Inc. Just Reported And Analysts Have Been Cutting Their Estimates |
Check out Canaan Analysis, Canaan Valuation, Canaan Correlation, Canaan Hype Analysis, Canaan Volatility, Canaan Price History as well as Canaan Performance. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.