Canadian Solar Stock Price on October 16, 2024
| CSIQ Stock | USD 11.91 0.61 5.40% |
Below is the normalized historical share price chart for Canadian Solar extending back to November 09, 2006. 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 Canadian Solar stands at 11.91, as last reported on the 22nd of November, with the highest price reaching 11.91 and the lowest price hitting 11.24 during the day.
If you're considering investing in Canadian Stock, it is important to understand the factors that can impact its price. Canadian Solar secures Sharpe Ratio (or Efficiency) of -0.0059, which signifies that the company had a -0.0059% return per unit of risk over the last 3 months. Canadian Solar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Solar's Risk Adjusted Performance of (0.02), standard deviation of 6.06, and Mean Deviation of 4.46 to double-check the risk estimate we provide.
At this time, Canadian Solar's Total Stockholder Equity is relatively stable compared to the past year. As of 11/22/2024, Liabilities And Stockholders Equity is likely to grow to about 12.5 B, while Common Stock Total Equity is likely to drop slightly above 705.7 M. . As of 11/22/2024, Price Earnings Ratio is likely to grow to 6.57, while Price To Sales Ratio is likely to drop 0.21. Canadian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of November 2006 | 200 Day MA 16.2475 | 50 Day MA 13.8352 | Beta 1.337 |
Canadian |
Sharpe Ratio = -0.0059
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CSIQ |
Estimated Market Risk
| 5.74 actual daily | 51 51% of assets are less volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canadian Solar 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 Canadian Solar by adding Canadian Solar to a well-diversified portfolio.
Price Book 0.294 | Enterprise Value Ebitda 15.8681 | Price Sales 0.1148 | Shares Float 42.3 M | Wall Street Target Price 19.5475 |
Canadian Solar Valuation on October 16, 2024
It is possible to determine the worth of Canadian Solar on a given historical date. On October 16, 2024 Canadian was worth 12.76 at the beginning of the trading date compared to the closed value of 12.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian Solar stock. Still, in general, we apply an absolute valuation method to find Canadian Solar'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 Canadian Solar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian Solar's related companies.
| Open | High | Low | Close | Volume | |
| 13.11 | 13.22 | 12.58 | 12.61 | 2,701,239 | |
10/16/2024 | 12.76 | 12.97 | 12.62 | 12.67 | 1,283,072 |
| 12.59 | 12.69 | 12.18 | 12.27 | 1,904,161 |
| Backtest Canadian Solar | | | Canadian Solar History | | | Canadian Solar Valuation | Previous | Next |
Canadian Solar Trading Date Momentum on October 16, 2024
| On October 17 2024 Canadian Solar was traded for 12.27 at the closing time. The top price for the day was 12.69 and the lowest listed price was 12.18 . The trading volume for the day was 1.9 M. The trading history from October 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.16% . The overall trading delta against the current closing price is 7.34% . |
Canadian Solar Fundamentals Correlations and Trends
By evaluating Canadian Solar'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 Canadian Solar's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canadian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canadian Solar Stock history
Canadian Solar 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 Canadian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Solar 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 Canadian Solar stock prices may prove useful in developing a viable investing in Canadian Solar
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 72.2 M | 49.4 M | |
| Net Income Applicable To Common Shares | 276 M | 289.8 M |
Canadian Solar Quarterly Net Working Capital |
|
Canadian Solar Stock Technical Analysis
Canadian Solar 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
Canadian Solar Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Canadian Solar cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Canadian Solar November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Canadian Solar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Solar shares will generate the highest return on investment. By undertsting and applying Canadian Solar stock market strength indicators, traders can identify Canadian Solar entry and exit signals to maximize returns
Canadian Solar Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canadian Solar's price direction in advance. Along with the technical and fundamental analysis of Canadian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canadian 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 | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 0.5063 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Canadian Stock Analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar'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 Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.