Canex Metals Stock Price on December 19, 2024
| NOMNF Stock | USD 0.02 0.01 40.82% |
If you're considering investing in CANEX Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CANEX Metals stands at 0.02, as last reported on the 19th of December, with the highest price reaching 0.02 and the lowest price hitting 0.02 during the day. CANEX Metals appears to be out of control, given 3 months investment horizon. CANEX Metals secures Sharpe Ratio (or Efficiency) of 0.0514, which signifies that the company had a 0.0514% return per unit of risk over the last 3 months. By examining CANEX Metals' technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of CANEX Metals' Mean Deviation of 6.83, variance of 327.93, and Coefficient Of Variation of 1976.48 to double-check if our risk estimates are consistent with your expectations.
CANEX Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CANEX |
Sharpe Ratio = 0.0514
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Estimated Market Risk
| 18.39 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average CANEX Metals is performing at about 4% 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 CANEX Metals by adding it to a well-diversified portfolio.
CANEX Metals Valuation on December 19, 2024
It is possible to determine the worth of CANEX Metals on a given historical date. On December 19, 2024 CANEX was worth 0.0203 at the beginning of the trading date compared to the closed value of 0.0203. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CANEX Metals pink sheet. Still, in general, we apply an absolute valuation method to find CANEX Metals' 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 CANEX Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CANEX Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.02 | 0.02 | 0.02 | 0.02 | 1.00 | |
12/19/2024 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Backtest CANEX Metals | | | CANEX Metals History | | | CANEX Metals Valuation | Previous |
CANEX Metals Trading Date Momentum on December 19, 2024
| On December 19 2024 CANEX Metals was traded for 0.02 at the closing time. The highest daily price throughout the period was 0.02 and the lowest price was 0.02 . There was no trading activity during the period 0.0. Lack of trading volume on 12/19/2024 did not affect price variability. The overall trading delta to current closing price is 0.00% . |
CANEX Metals Fundamentals Correlations and Trends
By evaluating CANEX Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CANEX Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CANEX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CANEX Metals Pink Sheet history
CANEX Metals 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 CANEX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CANEX Metals 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 CANEX Metals stock prices may prove useful in developing a viable investing in CANEX Metals
CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. Canex Metals operates under Gold classification in the United States and is traded on OTC Exchange.
CANEX Metals Pink Sheet Technical Analysis
CANEX Metals technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
CANEX Metals Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
CANEX Metals cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
CANEX Metals December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how CANEX Metals pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CANEX Metals shares will generate the highest return on investment. By undertsting and applying CANEX Metals pink sheet market strength indicators, traders can identify CANEX Metals entry and exit signals to maximize returns
CANEX Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CANEX Metals' price direction in advance. Along with the technical and fundamental analysis of CANEX Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of CANEX 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 | 0.0498 | |||
| Jensen Alpha | 0.9234 | |||
| Total Risk Alpha | 0.4706 | |||
| Treynor Ratio | (1.01) |
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Complementary Tools for CANEX Pink Sheet analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.
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