Cango Inc Stock Alpha and Beta Analysis
| CANG Stock | USD 3.95 0.14 3.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cango Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cango over a specified time horizon. Remember, high Cango's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Cango's market risk premium analysis include:
Beta 1.27 | Alpha 1.25 | Risk 6.36 | Sharpe Ratio 0.24 | Expected Return 1.51 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Cango |
Cango Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cango market risk premium is the additional return an investor will receive from holding Cango long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cango. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cango's performance over market.| α | 1.25 | β | 1.27 |
Cango expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cango's Buy-and-hold return. Our buy-and-hold chart shows how Cango performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Cango Market Price Analysis
Market price analysis indicators help investors to evaluate how Cango stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cango shares will generate the highest return on investment. By understating and applying Cango stock market price indicators, traders can identify Cango position entry and exit signals to maximize returns.
Cango Return and Market Media
The median price of Cango for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 1.79 with a coefficient of variation of 36.38. The daily time series for the period is distributed with a sample standard deviation of 0.8, arithmetic mean of 2.19, and mean deviation of 0.65. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Cango Jumps On China Car Export Bandwagon With Focus On Used Vehicles | 09/05/2024 |
2 | Cango Inc. Short Interest Down 6.3 percent in September - MarketBeat | 09/30/2024 |
3 | Cango Inc.s Shares Climb 37 percent But Its Business Is Yet to Catch Up | 10/29/2024 |
4 | Cango Inc. Reports Third Quarter 2024 Unaudited Financial Results | 11/04/2024 |
5 | Cango Inc. Announces Agreements to Acquire Crypto Mining Assets | 11/06/2024 |
6 | Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining Assets | 11/15/2024 |
7 | CANG Stock Drops Over 5 percent Amidst Automotive Retail Sector Activity | 11/21/2024 |
About Cango Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Cango or other stocks. Alpha measures the amount that position in Cango Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.33 | 1.51 | 1.36 | 1.43 | Price To Sales Ratio | 0.74 | 0.62 | 0.52 | 0.49 |
Cango Upcoming Company Events
As portrayed in its financial statements, the presentation of Cango's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cango's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cango's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cango. Please utilize our Beneish M Score to check the likelihood of Cango's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 30th of September 2023 Last Quarter Report | View |
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Check out Cango Backtesting, Cango Valuation, Cango Correlation, Cango Hype Analysis, Cango Volatility, Cango History and analyze Cango Performance. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Cango technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.