Cansino Biologics Stock Price on September 13, 2024
| CASBF Stock | USD 3.90 0.00 0.00% |
If you're considering investing in CanSino Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CanSino Biologics stands at 3.90, as last reported on the 25th of November, with the highest price reaching 3.90 and the lowest price hitting 3.90 during the day. CanSino Biologics is very risky given 3 months investment horizon. CanSino Biologics secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have analyzed eighteen different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use CanSino Biologics Mean Deviation of 2.78, standard deviation of 6.41, and Risk Adjusted Performance of 0.1537 to evaluate company specific risk that cannot be diversified away.
CanSino Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CanSino |
Sharpe Ratio = 0.192
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Estimated Market Risk
| 6.51 actual daily | 57 57% of assets are less volatile |
Expected Return
| 1.25 actual daily | 24 76% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average CanSino Biologics is performing at about 15% 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 CanSino Biologics by adding it to a well-diversified portfolio.
CanSino Biologics Valuation on September 13, 2024
It is possible to determine the worth of CanSino Biologics on a given historical date. On September 13, 2024 CanSino was worth 1.98 at the beginning of the trading date compared to the closed value of 1.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CanSino Biologics pink sheet. Still, in general, we apply an absolute valuation method to find CanSino Biologics' 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 CanSino Biologics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CanSino Biologics' related companies.
| Open | High | Low | Close | Volume | |
| 1.98 | 1.98 | 1.98 | 1.98 | 1.00 | |
09/13/2024 | 1.98 | 1.98 | 1.98 | 1.98 | 1.00 |
| 2.22 | 2.52 | 2.22 | 2.52 | 200.00 |
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CanSino Biologics Trading Date Momentum on September 13, 2024
| On September 16 2024 CanSino Biologics was traded for 2.52 at the closing time. The highest daily price throughout the period was 2.52 and the lowest price was 2.22 . The daily volume was 200. The net trading volume on 09/16/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 27.27% . The overall trading delta to current closing price is 29.80% . |
CanSino Biologics Fundamentals Correlations and Trends
By evaluating CanSino Biologics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CanSino Biologics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CanSino financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CanSino Biologics Pink Sheet history
CanSino Biologics 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 CanSino is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CanSino Biologics 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 CanSino Biologics stock prices may prove useful in developing a viable investing in CanSino Biologics
CanSino Biologics Inc. develops, manufactures, and commercializes vaccines in the Peoples Republic of China. CanSino Biologics Inc. was incorporated in 2009 and is headquartered in Tianjin, the Peoples Republic of China. Cansino Biologics operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 2191 people.
CanSino Biologics Pink Sheet Technical Analysis
CanSino Biologics technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
CanSino Biologics Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
CanSino Biologics cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
CanSino Biologics November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how CanSino Biologics pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CanSino Biologics shares will generate the highest return on investment. By undertsting and applying CanSino Biologics pink sheet market strength indicators, traders can identify CanSino Biologics entry and exit signals to maximize returns
CanSino Biologics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CanSino Biologics' price direction in advance. Along with the technical and fundamental analysis of CanSino Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of CanSino 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 | 0.1537 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 0.1919 | |||
| Treynor Ratio | (1.98) |
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Complementary Tools for CanSino Pink Sheet analysis
When running CanSino Biologics' price analysis, check to measure CanSino Biologics' 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 CanSino Biologics is operating at the current time. Most of CanSino Biologics' value examination focuses on studying past and present price action to predict the probability of CanSino Biologics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanSino Biologics' price. Additionally, you may evaluate how the addition of CanSino Biologics to your portfolios can decrease your overall portfolio volatility.
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