Canfor Stock Price on February 26, 2023

CFP Stock  CAD 14.74  0.05  0.34%   
Below is the normalized historical share price chart for Canfor extending back to December 18, 1989. 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 Canfor stands at 14.74, as last reported on the 23rd of December, with the highest price reaching 14.87 and the lowest price hitting 14.57 during the day.
200 Day MA
15.6903
50 Day MA
16.8896
Beta
2.089
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Canfor Stock, it is important to understand the factors that can impact its price. Canfor secures Sharpe Ratio (or Efficiency) of -0.0697, which signifies that the company had a -0.0697% return per unit of risk over the last 3 months. Canfor exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canfor's Risk Adjusted Performance of (0.05), standard deviation of 2.07, and Mean Deviation of 1.52 to double-check the risk estimate we provide.
  
At this time, Canfor's Total Stockholder Equity is very stable compared to the past year. As of the 23rd of December 2024, Common Stock Shares Outstanding is likely to grow to about 122.7 M, while Liabilities And Stockholders Equity is likely to drop about 3.6 B. . At this time, Canfor's Price Sales Ratio is very stable compared to the past year. As of the 23rd of December 2024, Price Fair Value is likely to grow to 0.97, though Price Earnings Ratio is likely to grow to (6.25). Canfor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0697

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Estimated Market Risk

 2.09
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.15
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Canfor is not performing at its full potential. However, 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 Canfor by adding Canfor to a well-diversified portfolio.
Price Book
0.5395
Enterprise Value Ebitda
20.0922
Price Sales
0.3336
Shares Float
54.6 M
Wall Street Target Price
21.4286

Canfor Valuation on February 26, 2023

It is possible to determine the worth of Canfor on a given historical date. On February 26, 2023 Canfor was worth 22.59 at the beginning of the trading date compared to the closed value of 23.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canfor stock. Still, in general, we apply an absolute valuation method to find Canfor'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 Canfor where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canfor's related companies.
 Open High Low Close Volume
  22.62    23.04    22.14    22.80    245,834  
02/24/2023
  22.59    23.23    22.32    23.16    162,050  
  23.08    23.31    22.64    22.71    138,629  
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Open Value
22.59
23.16
Closing Value
28.86
Upside

Canfor Trading Date Momentum on February 26, 2023

On February 27 2023 Canfor was traded for  22.71  at the closing time. The maximum traded price for the trading interval was 23.31  and the lowest daily price was  22.64 . The daily volume was recorded at 138.6 K. The volume of trading on 27th of February 2023 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.94% . The overall trading delta to the closing price today is 0.60% .

Canfor Fundamentals Correlations and Trends

By evaluating Canfor'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 Canfor's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canfor financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canfor Stock history

Canfor 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 Canfor is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canfor 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 Canfor stock prices may prove useful in developing a viable investing in Canfor
Last ReportedProjected for Next Year
Common Stock Shares Outstanding120.2 M122.7 M
Net Income Applicable To Common Shares905.4 M950.7 M

Canfor Quarterly Net Working Capital

1.16 Billion

Canfor Stock Technical Analysis

Canfor 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.
A focus of Canfor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canfor trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Canfor Period Price Range

Low
December 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Canfor 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.

Canfor December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Canfor stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canfor shares will generate the highest return on investment. By undertsting and applying Canfor stock market strength indicators, traders can identify Canfor entry and exit signals to maximize returns

Canfor Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canfor's price direction in advance. Along with the technical and fundamental analysis of Canfor Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canfor 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.

Other Information on Investing in Canfor Stock

Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.