Canex Metals Stock Price on December 20, 2023
| CANX Stock | CAD 0.05 0.01 25.00% |
Below is the normalized historical share price chart for CANEX Metals extending back to April 04, 2017. 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 CANEX Metals stands at 0.05, as last reported on the 23rd of November, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day.
If you're considering investing in CANEX Stock, it is important to understand the factors that can impact its price. CANEX Metals appears to be out of control, given 3 months investment horizon. CANEX Metals secures Sharpe Ratio (or Efficiency) of 0.0588, which signifies that the company had a 0.0588% return per unit of risk over the last 3 months. By examining CANEX Metals' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please makes use of CANEX Metals' Coefficient Of Variation of 1725.36, mean deviation of 6.29, and Semi Deviation of 7.9 to double-check if our risk estimates are consistent with your expectations.
At this time, CANEX Metals' Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 121.2 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 295.7 K in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.20 in 2024, whereas Price To Sales Ratio is likely to drop 11.67 in 2024. CANEX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0517 | 50 Day MA 0.0464 | Beta 1.253 |
CANEX |
Sharpe Ratio = 0.0588
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Estimated Market Risk
| 12.33 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average CANEX Metals is performing at about 4% 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 CANEX Metals by adding it to a well-diversified portfolio.
Price Book 0.9149 | Book Value 0.052 | Enterprise Value 4.4 M | Enterprise Value Ebitda 25.483 | Shares Float 98.6 M |
CANEX Metals Valuation on December 20, 2023
It is possible to determine the worth of CANEX Metals on a given historical date. On December 20, 2023 CANEX was worth 0.05 at the beginning of the trading date compared to the closed value of 0.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CANEX Metals stock. Still, in general, we apply an absolute valuation method to find CANEX Metals' 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 CANEX Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CANEX Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.05 | 0.05 | 0.05 | 20,000 | |
12/20/2023 | 0.05 | 0.05 | 0.04 | 0.05 | 80,000 |
| 0.05 | 0.05 | 0.05 | 0.05 | 223,000 |
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CANEX Metals Trading Date Momentum on December 20, 2023
| On December 21 2023 CANEX Metals was traded for 0.05 at the closing time. The maximum traded price for the trading interval was 0.05 and the lowest daily price was 0.05 . The daily volume was recorded at 223 K. The volume of trading on 21st of December 2023 did not affect price variability. The overall trading delta to the closing price today is 20.00% . |
CANEX Metals Fundamentals Correlations and Trends
By evaluating CANEX Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CANEX Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CANEX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CANEX Metals Stock history
CANEX Metals 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 CANEX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CANEX Metals 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 CANEX Metals stock prices may prove useful in developing a viable investing in CANEX Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 115.4 M | 121.2 M | |
| Net Loss | -703.2 K | -668.1 K |
CANEX Metals Quarterly Net Working Capital |
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CANEX Metals Stock Technical Analysis
CANEX Metals 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
CANEX Metals Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
CANEX Metals cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
CANEX Metals November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how CANEX Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CANEX Metals shares will generate the highest return on investment. By undertsting and applying CANEX Metals stock market strength indicators, traders can identify CANEX Metals entry and exit signals to maximize returns
CANEX Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CANEX Metals' price direction in advance. Along with the technical and fundamental analysis of CANEX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CANEX 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 | 0.0538 | |||
| Jensen Alpha | 0.6503 | |||
| Total Risk Alpha | (1.22) | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | 1.94 |
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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.