Canon (Germany) Price on May 23, 2024
CNN1 Stock | EUR 30.43 0.58 1.87% |
If you're considering investing in Canon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canon stands at 30.43, as last reported on the 23rd of November, with the highest price reaching 30.43 and the lowest price hitting 30.25 during the day. Canon Inc secures Sharpe Ratio (or Efficiency) of -0.0176, which signifies that the company had a -0.0176% return per unit of risk over the last 3 months. Canon Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canon's Standard Deviation of 1.48, mean deviation of 1.15, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide.
Canon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Canon |
Sharpe Ratio = -0.0176
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Estimated Market Risk
1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canon 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 Canon by adding Canon to a well-diversified portfolio.
Canon Valuation on May 23, 2024
It is possible to determine the worth of Canon on a given historical date. On May 23, 2024 Canon was worth 25.74 at the beginning of the trading date compared to the closed value of 25.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canon stock. Still, in general, we apply an absolute valuation method to find Canon'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 Canon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canon's related companies.
Open | High | Low | Close | Volume | |
25.40 | 25.41 | 25.40 | 25.41 | 50.00 | |
05/23/2024 | 25.74 | 25.74 | 25.74 | 25.74 | 50.00 |
25.92 | 25.92 | 25.85 | 25.85 | 90.00 |
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Canon Trading Date Momentum on May 23, 2024
On May 24 2024 Canon Inc was traded for 25.85 at the closing time. The maximum traded price for the trading interval was 25.92 and the lowest daily price was 25.85 . The daily volume was recorded at 90.0. The volume of trading on 24th of May 2024 played a part in the next trading day price rise. The overall trading delta to the next closing price was 0.43% . The overall trading delta to the closing price today is 4.86% . |
Canon Inc Fundamentals Correlations and Trends
By evaluating Canon'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 Canon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canon Stock history
Canon 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 Canon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canon 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 Canon stock prices may prove useful in developing a viable investing in Canon
Canon Inc. manufactures and sells office multifunction devices , plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan. CANON INC operates under Business Equipment classification in Germany and is traded on Frankfurt Stock Exchange. It employs 195056 people.
Canon Stock Technical Analysis
Canon 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
Canon Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Canon Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Canon November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Canon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canon shares will generate the highest return on investment. By undertsting and applying Canon stock market strength indicators, traders can identify Canon Inc entry and exit signals to maximize returns
Canon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canon's price direction in advance. Along with the technical and fundamental analysis of Canon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canon 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) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.26) | |||
Treynor Ratio | (0.06) |
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Volume Indicators |
Complementary Tools for Canon Stock analysis
When running Canon's price analysis, check to measure Canon'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 Canon is operating at the current time. Most of Canon's value examination focuses on studying past and present price action to predict the probability of Canon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canon's price. Additionally, you may evaluate how the addition of Canon to your portfolios can decrease your overall portfolio volatility.
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