Canadian Banc Corp Stock Price on January 11, 2024
| BK Stock | CAD 11.96 0.13 1.08% |
If you're considering investing in Bank Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bank of New York stands at 11.96, as last reported on the 29th of November, with the highest price reaching 12.13 and the lowest price hitting 11.95 during the day. As of now, Bank Stock is very steady. Canadian Banc Corp secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canadian Banc Corp, which you can use to evaluate the volatility of the firm. Please confirm Bank of New York's Mean Deviation of 0.3788, coefficient of variation of 315.32, and Risk Adjusted Performance of 0.2381 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%.
Bank Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bank |
Sharpe Ratio = 0.3381
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Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average Bank of New York is performing at about 26% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bank of New York by adding it to a well-diversified portfolio.
Bank of New York Valuation on January 11, 2024
It is possible to determine the worth of Bank of New York on a given historical date. On January 11, 2024 Bank was worth 9.21 at the beginning of the trading date compared to the closed value of 9.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bank of New York stock. Still, in general, we apply an absolute valuation method to find Bank of New York's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bank of New York where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bank of New York's related companies.
| Open | High | Low | Close | Volume | |
| 9.17 | 9.21 | 9.14 | 9.16 | 49,000 | |
01/11/2024 | 9.21 | 9.21 | 9.05 | 9.12 | 101,700 |
| 9.15 | 9.21 | 9.11 | 9.17 | 76,000 |
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Bank of New York Trading Date Momentum on January 11, 2024
| On January 12 2024 Canadian Banc Corp was traded for 9.17 at the closing time. The highest daily price throughout the period was 9.21 and the lowest price was 9.11 . The daily volume was 76 K. The net trading volume on 01/12/2024 added to the next day price boost. The overall trading delta to closing price of the next trading day was 0.55% . The overall trading delta to current closing price is 2.08% . |
Canadian Banc Corp Fundamentals Correlations and Trends
By evaluating Bank of New York's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bank of New York's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bank financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bank of New York Stock history
Bank of New York investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bank is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Banc Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bank of New York stock prices may prove useful in developing a viable investing in Bank of New York
Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc. Canadian Banc Corp. was formed on May 25, 2005 and is domiciled in Canada. Bank of New York operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange.
Bank of New York Stock Technical Analysis
Bank of New York 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.
Price Boundaries
Bank of New York Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Canadian Banc Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bank of New York November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bank of New York stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of New York shares will generate the highest return on investment. By undertsting and applying Bank of New York stock market strength indicators, traders can identify Canadian Banc Corp entry and exit signals to maximize returns
Bank of New York Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bank of New York's price direction in advance. Along with the technical and fundamental analysis of Bank Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bank to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2381 | |||
| Jensen Alpha | 0.1392 | |||
| Total Risk Alpha | 0.0758 | |||
| Sortino Ratio | 0.075 | |||
| Treynor Ratio | 1.25 |
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Other Information on Investing in Bank Stock
Bank of New York financial ratios help investors to determine whether Bank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of New York security.