Canfor (Germany) Price on December 2, 2024
| NKC Stock | EUR 10.80 0.20 1.82% |
If you're considering investing in Canfor Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canfor stands at 10.80, as last reported on the 11th of December 2024, with the highest price reaching 10.80 and the lowest price hitting 10.70 during the day. Canfor appears to be not too volatile, given 3 months investment horizon. Canfor secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canfor, which you can use to evaluate the volatility of the firm. Please makes use of Canfor's Mean Deviation of 1.63, risk adjusted performance of 0.0992, and Downside Deviation of 1.87 to double-check if our risk estimates are consistent with your expectations.
Canfor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Canfor |
Sharpe Ratio = 0.1113
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Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Canfor is performing at about 8% 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 Canfor by adding it to a well-diversified portfolio.
Canfor Valuation on December 2, 2024
It is possible to determine the worth of Canfor on a given historical date. On December 2, 2024 Canfor was worth 11.7 at the beginning of the trading date compared to the closed value of 11.7. 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 | |
| 11.80 | 11.80 | 11.80 | 11.80 | 1.00 | |
12/02/2024 | 11.70 | 11.70 | 11.70 | 11.70 | 1.00 |
| 11.50 | 11.50 | 11.50 | 11.50 | 1.00 |
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Canfor Trading Date Momentum on December 2, 2024
| On December 03 2024 Canfor was traded for 11.50 at the closing time. The highest daily price throughout the period was 11.50 and the lowest price was 11.50 . There was no trading activity during the period 1.0. Lack of trading volume on 12/03/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 1.71% . The overall trading delta to current closing price is 8.55% . |
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
Canfor Corporation operates as an integrated forest products company in Canada and internationally. The company was founded in 1938 and is based in Vancouver, Canada. Canfor operates under Lumber Wood Production classification in Germany and is traded on Frankfurt Stock Exchange. It employs 6240 people.
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.
Price Boundaries
Canfor Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Canfor 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.
Canfor December 11, 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.
| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 0.2158 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.08 | |||
| Treynor Ratio | 0.6287 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Canfor Stock analysis
When running Canfor's price analysis, check to measure Canfor'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 Canfor is operating at the current time. Most of Canfor's value examination focuses on studying past and present price action to predict the probability of Canfor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canfor's price. Additionally, you may evaluate how the addition of Canfor to your portfolios can decrease your overall portfolio volatility.
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