Canex Metals Stock Buy Hold or Sell Recommendation
| CANX Stock | CAD 0.05 0.00 0.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding CANEX Metals is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell CANEX Metals given historical horizon and risk tolerance towards CANEX Metals. When Macroaxis issues a 'buy' or 'sell' recommendation for CANEX Metals, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out CANEX Metals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as CANEX and provide practical buy, sell, or hold advice based on investors' constraints. CANEX Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
CANEX |
Execute CANEX Metals Buy or Sell Advice
The CANEX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on CANEX Metals. Macroaxis does not own or have any residual interests in CANEX Metals or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute CANEX Metals' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
CANEX Metals Trading Alerts and Improvement Suggestions
| CANEX Metals had very high historical volatility over the last 90 days | |
| CANEX Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (535.4 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| CANEX Metals has accumulated about 480.92 K in cash with (465.71 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Canex Closes First Tranche of Financing - Yahoo Finance |
CANEX Metals Returns Distribution Density
The distribution of CANEX Metals' historical returns is an attempt to chart the uncertainty of CANEX Metals' future price movements. The chart of the probability distribution of CANEX Metals daily returns describes the distribution of returns around its average expected value. We use CANEX Metals price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of CANEX Metals returns is essential to provide solid investment advice for CANEX Metals.
| Mean Return | 0.70 | Value At Risk | -20 | Potential Upside | 25.00 | Standard Deviation | 12.14 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CANEX Metals historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
CANEX Metals Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 314.6K | 749.1K | 260.5K | (762.7K) | (686.4K) | (652.1K) | |
| Free Cash Flow | (1.2M) | (1.3M) | (2.6M) | (1.5M) | (1.4M) | (1.3M) | |
| Other Non Cash Items | 852.0 | (2.8K) | (3.1K) | 37.3K | 33.6K | 31.9K | |
| Capital Expenditures | 767.4K | 797.3K | 2.1M | 1.1M | 1.2M | 1.3M | |
| Net Income | (198.0K) | (805.5K) | (781.4K) | (535.4K) | (615.7K) | (646.5K) | |
| End Period Cash Flow | 449.0K | 1.2M | 1.5M | 695.9K | 800.3K | 571.8K | |
| Depreciation | 31.0 | 18.0 | 30.0 | 2.8K | 2.6K | 2.7K | |
| Investments | 92.6K | 121.6K | 238.6K | (888.9K) | (800.0K) | (760.0K) | |
| Change To Netincome | (68.3K) | (251.8K) | (118.1K) | 207.2K | 186.5K | 195.8K |
CANEX Metals Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CANEX Metals or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CANEX Metals' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CANEX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.65 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 12.28 | |
Ir | Information ratio | 0.05 |
CANEX Metals Volatility Alert
CANEX Metals is showing large volatility of returns over the selected time horizon. CANEX Metals is a penny stock. Although CANEX Metals may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in CANEX Metals. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on CANEX instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.CANEX Metals Fundamentals Vs Peers
Comparing CANEX Metals' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze CANEX Metals' direct or indirect competition across all of the common fundamentals between CANEX Metals and the related equities. This way, we can detect undervalued stocks with similar characteristics as CANEX Metals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of CANEX Metals' fundamental indicators could also be used in its relative valuation, which is a method of valuing CANEX Metals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare CANEX Metals to competition |
| Fundamentals | CANEX Metals | Peer Average |
| Return On Equity | -0.0632 | -0.31 |
| Return On Asset | -0.032 | -0.14 |
| Current Valuation | 4.44 M | 16.62 B |
| Shares Outstanding | 121.44 M | 571.82 M |
| Shares Owned By Insiders | 14.30 % | 10.09 % |
| Shares Owned By Institutions | 2.84 % | 39.21 % |
| Number Of Shares Shorted | 6.9 K | 4.71 M |
| Price To Earning | 13.33 X | 28.72 X |
| Price To Book | 0.91 X | 9.51 X |
| EBITDA | (429.73 K) | 3.9 B |
| Net Income | (535.4 K) | 570.98 M |
| Cash And Equivalents | 480.92 K | 2.7 B |
| Cash Per Share | 0.02 X | 5.01 X |
| Total Debt | 98.25 K | 5.32 B |
| Current Ratio | 25.64 X | 2.16 X |
| Book Value Per Share | 0.05 X | 1.93 K |
| Cash Flow From Operations | (465.71 K) | 971.22 M |
| Short Ratio | 0.18 X | 4.00 X |
| Earnings Per Share | (0.01) X | 3.12 X |
| Beta | 1.25 | -0.15 |
| Market Capitalization | 5.46 M | 19.03 B |
| Total Asset | 5.92 M | 29.47 B |
| Retained Earnings | (17.57 M) | 9.33 B |
| Working Capital | 768.19 K | 1.48 B |
| Net Asset | 5.92 M |
CANEX Metals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CANEX . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About CANEX Metals Buy or Sell Advice
When is the right time to buy or sell CANEX Metals? Buying financial instruments such as CANEX Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.