Canaan Inc Stock Performance
| CAN Stock | USD 1.87 0.06 3.31% |
On a scale of 0 to 100, Canaan holds a performance score of 3. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canaan are expected to decrease at a much lower rate. During the bear market, Canaan is likely to outperform the market. Please check Canaan's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Canaan's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Canaan Inc are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady basic indicators, Canaan displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
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| Begin Period Cash Flow | 101.6 M |
Canaan |
Canaan Relative Risk vs. Return Landscape
If you would invest 178.00 in Canaan Inc on November 9, 2024 and sell it today you would earn a total of 9.00 from holding Canaan Inc or generate 5.06% return on investment over 90 days. Canaan Inc is generating 0.433% of daily returns assuming volatility of 8.6457% on return distribution over 90 days investment horizon. In other words, 77% of stocks are less volatile than Canaan, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Canaan Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canaan's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canaan Inc, and traders can use it to determine the average amount a Canaan's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0501
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Estimated Market Risk
| 8.65 actual daily | 77 77% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Canaan is performing at about 3% 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 Canaan by adding it to a well-diversified portfolio.
Canaan Fundamentals Growth
Canaan Stock prices reflect investors' perceptions of the future prospects and financial health of Canaan, and Canaan fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canaan Stock performance.
| Return On Equity | -0.75 | ||||
| Return On Asset | -0.36 | ||||
| Profit Margin | (1.59) % | ||||
| Operating Margin | (0.64) % | ||||
| Current Valuation | 477.02 M | ||||
| Shares Outstanding | 266.96 M | ||||
| Price To Earning | 1.30 X | ||||
| Price To Book | 1.65 X | ||||
| Price To Sales | 2.85 X | ||||
| Revenue | 211.48 M | ||||
| Gross Profit | 1.55 B | ||||
| EBITDA | (330.11 M) | ||||
| Net Income | (414.15 M) | ||||
| Cash And Equivalents | 2.64 B | ||||
| Cash Per Share | 15.40 X | ||||
| Total Debt | 1.43 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 3.85 X | ||||
| Book Value Per Share | 1.31 X | ||||
| Cash Flow From Operations | (123.62 M) | ||||
| Earnings Per Share | (1.43) X | ||||
| Market Capitalization | 434.49 M | ||||
| Total Asset | 493.3 M | ||||
| Retained Earnings | (219.63 M) | ||||
| Working Capital | 228.49 M | ||||
| Current Asset | 984.82 M | ||||
| Current Liabilities | 401.76 M | ||||
About Canaan Performance
By examining Canaan's fundamental ratios, stakeholders can obtain critical insights into Canaan's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Canaan is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 103.35 | 103.89 | |
| Return On Tangible Assets | (0.98) | (0.93) | |
| Return On Capital Employed | (1.32) | (1.25) | |
| Return On Assets | (0.97) | (0.92) | |
| Return On Equity | (1.37) | (1.30) |
Things to note about Canaan Inc performance evaluation
Checking the ongoing alerts about Canaan for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canaan Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canaan Inc had very high historical volatility over the last 90 days | |
| Canaan Inc may become a speculative penny stock | |
| The company reported the last year's revenue of 211.48 M. Reported Net Loss for the year was (414.15 M) with profit before taxes, overhead, and interest of 1.55 B. | |
| Canaan Inc has about 2.64 B in cash with (123.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.4, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from patch.com: New Canaan Teen On Elon Musks DOGE Team Reports |
- Analyzing Canaan's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Canaan's stock is overvalued or undervalued compared to its peers.
- Examining Canaan's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Canaan's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canaan's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canaan's stock. These opinions can provide insight into Canaan's potential for growth and whether the stock is currently undervalued or overvalued.
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 | Quarterly Revenue Growth (0.03) | Return On Assets |
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.