Cantex Mine Development Stock Price on September 20, 2023
CTXDF Stock | USD 0.06 0.01 9.55% |
If you're considering investing in Cantex OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cantex Mine stands at 0.06, as last reported on the 26th of November, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. Cantex Mine Development secures Sharpe Ratio (or Efficiency) of -0.0585, which signifies that the company had a -0.0585% return per unit of risk over the last 3 months. Cantex Mine Development exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cantex Mine's Standard Deviation of 5.6, risk adjusted performance of (0.04), and Mean Deviation of 2.04 to double-check the risk estimate we provide.
Cantex OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cantex |
Sharpe Ratio = -0.0585
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Estimated Market Risk
5.73 actual daily | 51 51% of assets are less volatile |
Expected Return
-0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cantex Mine 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 Cantex Mine by adding Cantex Mine to a well-diversified portfolio.
Cantex Mine Valuation on September 20, 2023
It is possible to determine the worth of Cantex Mine on a given historical date. On September 20, 2023 Cantex was worth 0.2 at the beginning of the trading date compared to the closed value of 0.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cantex Mine otc stock. Still, in general, we apply an absolute valuation method to find Cantex Mine'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 Cantex Mine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cantex Mine's related companies.
Open | High | Low | Close | Volume | |
0.18 | 0.18 | 0.18 | 0.18 | 1.00 | |
09/20/2023 | 0.20 | 0.20 | 0.19 | 0.19 | 11,500 |
0.19 | 0.19 | 0.19 | 0.19 | 1.00 |
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Cantex Mine Trading Date Momentum on September 20, 2023
On September 21 2023 Cantex Mine Development was traded for 0.19 at the closing time. The highest daily price throughout the period was 0.19 and the lowest price was 0.19 . There was no trading activity during the period 1.0. Lack of trading volume on 09/21/2023 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
Cantex Mine Development Fundamentals Correlations and Trends
By evaluating Cantex Mine'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 Cantex Mine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cantex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cantex Mine OTC Stock history
Cantex Mine 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 Cantex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cantex Mine Development 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 Cantex Mine stock prices may prove useful in developing a viable investing in Cantex Mine
Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, Yemen, and the United States. Cantex Mine Development Corp. is headquartered in Kelowna, Canada. Cantex Mine is traded on OTC Exchange in the United States.
Cantex Mine OTC Stock Technical Analysis
Cantex Mine technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Cantex Mine Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Cantex Mine Development cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.
Cantex Mine November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Cantex Mine otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cantex Mine shares will generate the highest return on investment. By undertsting and applying Cantex Mine otc stock market strength indicators, traders can identify Cantex Mine Development entry and exit signals to maximize returns
Cantex Mine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cantex Mine's price direction in advance. Along with the technical and fundamental analysis of Cantex OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cantex 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 | (0.04) | |||
Jensen Alpha | (0.44) | |||
Total Risk Alpha | (1.26) | |||
Treynor Ratio | (0.86) |
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Complementary Tools for Cantex OTC Stock analysis
When running Cantex Mine's price analysis, check to measure Cantex Mine'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 Cantex Mine is operating at the current time. Most of Cantex Mine's value examination focuses on studying past and present price action to predict the probability of Cantex Mine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cantex Mine's price. Additionally, you may evaluate how the addition of Cantex Mine to your portfolios can decrease your overall portfolio volatility.
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