Cango Inc Stock Price on November 25, 2024
| CANG Stock | USD 3.81 0.09 2.31% |
Below is the normalized historical share price chart for Cango Inc extending back to July 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cango stands at 3.81, as last reported on the 25th of November, with the highest price reaching 4.09 and the lowest price hitting 3.80 during the day.
If you're considering investing in Cango Stock, it is important to understand the factors that can impact its price. Cango is very risky given 3 months investment horizon. Cango Inc secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Cango Mean Deviation of 4.4, downside deviation of 3.97, and Risk Adjusted Performance of 0.1818 to evaluate company specific risk that cannot be diversified away.
At this time, Cango's Stock Based Compensation is most likely to increase significantly in the upcoming years. The Cango's current Stock Based Compensation To Revenue is estimated to increase to 0.03, while Common Stock Shares Outstanding is projected to decrease to roughly 115.4 M. . At this time, Cango's Price Fair Value is most likely to slightly grow in the upcoming years. Cango Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of July 2018 | 200 Day MA 1.7989 | 50 Day MA 2.3554 | Beta 0.514 |
Cango |
Sharpe Ratio = 0.2274
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | CANG | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.3 actual daily | 56 56% of assets are less volatile |
Expected Return
| 1.43 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average Cango is performing at about 17% 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 Cango by adding it to a well-diversified portfolio.
Price Book 0.7244 | Enterprise Value Ebitda 0.2891 | Price Sales 1.491 | Shares Float 84.9 M | Wall Street Target Price 3.05 |
Cango Valuation on November 25, 2024
It is possible to determine the worth of Cango on a given historical date. On November 25, 2024 Cango was worth 3.91 at the beginning of the trading date compared to the closed value of 3.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cango stock. Still, in general, we apply an absolute valuation method to find Cango'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 Cango where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cango's related companies.
| Open | High | Low | Close | Volume | |
| 3.91 | 4.09 | 3.80 | 3.81 | 237,338 | |
11/25/2024 | 3.91 | 4.09 | 3.80 | 3.81 | 0.00 |
| Backtest Cango | | | Cango History | | | Cango Valuation | Previous |
Cango Trading Date Momentum on November 25, 2024
| On November 25 2024 Cango Inc was traded for 3.81 at the closing time. The top price for the day was 4.09 and the lowest listed price was 3.80 . There was no trading activity during the period 0.0. Lack of trading volume on November 25, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.62% . |
Cango Inc Fundamentals Correlations and Trends
By evaluating Cango'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 Cango's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cango financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cango Stock history
Cango 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 Cango is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cango Inc 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 Cango stock prices may prove useful in developing a viable investing in Cango
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 121.5 M | 115.4 M | |
| Net Loss | -1 B | -950.1 M |
Cango Quarterly Net Working Capital |
|
Cango Stock Technical Analysis
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.
Price Boundaries
Cango Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Cango Inc cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Cango November 25, 2024 Market Strength
Market strength 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 undertsting and applying Cango stock market strength indicators, traders can identify Cango Inc entry and exit signals to maximize returns
Cango Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cango's price direction in advance. Along with the technical and fundamental analysis of Cango Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cango 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 | 0.1818 | |||
| Jensen Alpha | 1.25 | |||
| Total Risk Alpha | 0.4161 | |||
| Sortino Ratio | 0.3224 | |||
| Treynor Ratio | 1.1 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango's 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 Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |