James Cheng - Canaan Chief Officer
| CAN Stock | USD 1.93 0.11 6.04% |
Insider
James Cheng is Chief Officer of Canaan Inc
| Age | 44 |
| Address | 28 Ayer Rajah Crescent #06-08, Singapore, Singapore, 139959 |
| Phone | 65 6305 6618 |
| Web | https://investor.canaan-creative.com |
Canaan Management Efficiency
The company has Return on Asset of (0.3618) % which means that on every $100 spent on assets, it lost $0.3618. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.7469) %, meaning that it generated no profit with money invested by stockholders. Canaan's management efficiency ratios could be used to measure how well Canaan manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to -0.8. In addition to that, Return On Capital Employed is likely to grow to -1.09. At this time, Canaan's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Net Tangible Assets is likely to grow to about 5.1 B, while Other Assets are likely to drop 0.95.Similar Executives
| Showing other executives | INSIDER Age | ||
| Matt Gannon | Markforged Holding Corp | 37 | |
| Radhika Krishnan | 3D Systems | 48 | |
| Pr Chiang | Desktop Metal | N/A | |
| Mallun Yen | Pure Storage | 46 | |
| Rick Chin | Desktop Metal | N/A | |
| Ajay Singh | Pure Storage | 65 | |
| Mohammad Amin | D Wave Quantum | N/A | |
| Jason Cole | Desktop Metal | 48 | |
| Cesar Rego | NetApp Inc | 52 | |
| Scott Dussault | Desktop Metal | 49 | |
| Yossi Azarzar | Stratasys | 62 | |
| Steve Billow | Desktop Metal | 52 | |
| Emanuel Sachs | Desktop Metal | N/A | |
| Byron Knight | Desktop Metal | 42 | |
| Laurie Babinski | IONQ Inc | 42 | |
| Eric Ladizinsky | D Wave Quantum | N/A | |
| Wen Hsieh | Desktop Metal | 47 | |
| Arjun Aggarwal | Desktop Metal | 32 | |
| Prof Schuh | Desktop Metal | N/A | |
| Dayna Grayson | Desktop Metal | 43 | |
| Austin Bohlig | Markforged Holding Corp | N/A | |
Management Performance
| Return On Equity | -0.75 | ||||
| Return On Asset | -0.36 |
Canaan Inc Leadership Team
Elected by the shareholders, the Canaan's board of directors comprises two types of representatives: Canaan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canaan. The board's role is to monitor Canaan's management team and ensure that shareholders' interests are well served. Canaan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canaan's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lu Meng, Secretary Board | ||
| Zhang Xi, Investor Manager | ||
| Nangeng Zhang, Chairman CEO | ||
| Clark Soucy, Investor Director | ||
| James Cheng, Chief Officer |
Canaan Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canaan a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.75 | ||||
| Return On Asset | -0.36 | ||||
| Profit Margin | (1.59) % | ||||
| Operating Margin | (0.64) % | ||||
| Current Valuation | 479.9 M | ||||
| Shares Outstanding | 266.96 M | ||||
| Shares Owned By Institutions | 20.58 % | ||||
| Number Of Shares Shorted | 23.45 M | ||||
| Price To Earning | 1.30 X | ||||
| Price To Book | 1.66 X |
Pair Trading with Canaan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canaan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canaan will appreciate offsetting losses from the drop in the long position's value.Moving against Canaan Stock
| 0.84 | CDW | CDW Corp | PairCorr |
| 0.82 | TER | Teradyne | PairCorr |
| 0.81 | BKRKY | Bank Rakyat | PairCorr |
| 0.79 | ACLS | Axcelis Technologies | PairCorr |
| 0.65 | KLAC | KLA Tencor | PairCorr |
The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canaan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canaan Inc to buy it.
The correlation of Canaan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canaan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (1.43) | Revenue Per Share 0.867 | Quarterly Revenue Growth (0.03) | Return On Assets (0.36) |
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.