Canoe Eit Income Stock Price on October 3, 2024
| EIT-UN Stock | CAD 15.70 0.10 0.64% |
Below is the normalized historical share price chart for Canoe EIT Income extending back to August 07, 1997. 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 Canoe EIT stands at 15.70, as last reported on the 2nd of December, with the highest price reaching 15.73 and the lowest price hitting 15.55 during the day.
If you're considering investing in Canoe Stock, it is important to understand the factors that can impact its price. At this point, Canoe EIT is very steady. Canoe EIT Income secures Sharpe Ratio (or Efficiency) of 0.38, which signifies that the company had a 0.38% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canoe EIT Income, which you can use to evaluate the volatility of the firm. Please confirm Canoe EIT's Risk Adjusted Performance of 0.2759, mean deviation of 0.3794, and Coefficient Of Variation of 272.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
As of December 2, 2024, Total Stockholder Equity is expected to decline to about 1.6 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 117.9 M. At present, Canoe EIT's Price Earnings Ratio is projected to increase based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.03, whereas Price To Sales Ratio is forecasted to decline to 7.02. Canoe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 14.1481 | 50 Day MA 15.0904 | Beta 1.164 |
Canoe |
Sharpe Ratio = 0.378
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Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.38 actual daily | 29 71% of assets perform better |
Based on monthly moving average Canoe EIT is performing at about 29% 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 Canoe EIT by adding it to a well-diversified portfolio.
Price Book 1.0644 | Enterprise Value Ebitda (14.91) | Price Sales 6.0671 | Earnings Share 0.74 | Shares Short 7.7 K |
Canoe EIT Valuation on October 3, 2024
It is possible to determine the worth of Canoe EIT on a given historical date. On October 3, 2024 Canoe was worth 14.39 at the beginning of the trading date compared to the closed value of 14.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canoe EIT stock. Still, in general, we apply an absolute valuation method to find Canoe EIT'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 Canoe EIT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canoe EIT's related companies.
| Open | High | Low | Close | Volume | |
| 14.34 | 14.45 | 14.32 | 14.44 | 179,900 | |
10/03/2024 | 14.39 | 14.52 | 14.37 | 14.49 | 208,800 |
| 14.54 | 14.67 | 14.54 | 14.60 | 193,400 |
| Backtest Canoe EIT | | | Canoe EIT History | | | Canoe EIT Valuation | Previous | Next |
Canoe EIT Trading Date Momentum on October 3, 2024
| On October 04 2024 Canoe EIT Income was traded for 14.60 at the closing time. The highest price during the trading period was 14.67 and the lowest recorded bid was listed for 14.54 . The volume for the day was 193.4 K. This history from October 4, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.76% . The overall trading delta to the current price is 2.76% . |
Canoe EIT Income Fundamentals Correlations and Trends
By evaluating Canoe EIT'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 Canoe EIT's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canoe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canoe EIT Stock history
Canoe EIT 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 Canoe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canoe EIT Income 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 Canoe EIT stock prices may prove useful in developing a viable investing in Canoe EIT
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 169.3 M | 117.9 M | |
| Net Income Applicable To Common Shares | 662.2 M | 695.4 M |
Canoe EIT Stock Technical Analysis
Canoe EIT 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
Canoe EIT Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Canoe EIT Income 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.
Canoe EIT December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Canoe EIT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoe EIT shares will generate the highest return on investment. By undertsting and applying Canoe EIT stock market strength indicators, traders can identify Canoe EIT Income entry and exit signals to maximize returns
Canoe EIT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canoe EIT's price direction in advance. Along with the technical and fundamental analysis of Canoe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canoe 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 | 0.2759 | |||
| Jensen Alpha | 0.143 | |||
| Total Risk Alpha | 0.0927 | |||
| Sortino Ratio | 0.1328 | |||
| Treynor Ratio | 0.6473 |
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| Volume Indicators |
Complementary Tools for Canoe Stock analysis
When running Canoe EIT's price analysis, check to measure Canoe EIT'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 Canoe EIT is operating at the current time. Most of Canoe EIT's value examination focuses on studying past and present price action to predict the probability of Canoe EIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoe EIT's price. Additionally, you may evaluate how the addition of Canoe EIT to your portfolios can decrease your overall portfolio volatility.
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