Canna Global Acquisition Performance
| CNGLDelisted Stock | USD 11.41 0.40 3.63% |
The firm shows a Beta (market volatility) of 0.0193, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canna Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canna Global is expected to be smaller as well. Canna Global Acquisition right now shows a risk of 0.0%. Please confirm Canna Global Acquisition sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Canna Global Acquisition will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Canna Global Acquisition has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent technical and fundamental indicators, Canna Global is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 54.5 K |
Canna |
Canna Global Relative Risk vs. Return Landscape
If you would invest 1,141 in Canna Global Acquisition on August 31, 2024 and sell it today you would earn a total of 0.00 from holding Canna Global Acquisition or generate 0.0% return on investment over 90 days. Canna Global Acquisition is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Canna, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Canna Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canna Global's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canna Global Acquisition, and traders can use it to determine the average amount a Canna Global'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 = 0.0
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Based on monthly moving average Canna Global is not performing at its full potential. However, 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 Canna Global by adding Canna Global to a well-diversified portfolio.
Canna Global Fundamentals Growth
Canna Stock prices reflect investors' perceptions of the future prospects and financial health of Canna Global, and Canna Global 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 Canna Stock performance.
| Return On Asset | -0.0428 | ||||
| Current Valuation | 88.61 M | ||||
| Shares Outstanding | 2.7 M | ||||
| Price To Earning | 0.01 X | ||||
| Price To Book | 6.61 X | ||||
| EBITDA | (1.34 M) | ||||
| Cash And Equivalents | 36.03 K | ||||
| Total Debt | 2.01 M | ||||
| Debt To Equity | 0.23 % | ||||
| Book Value Per Share | (1.50) X | ||||
| Cash Flow From Operations | (1.52 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Total Asset | 12.53 M | ||||
| Retained Earnings | (11.21 M) | ||||
| Current Asset | 76.01 M | ||||
| Current Liabilities | 27.37 M | ||||
About Canna Global Performance
By examining Canna Global's fundamental ratios, stakeholders can obtain critical insights into Canna Global'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 Canna Global 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.
Canna-Global Acquisition Corp intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Marina Del Rey, California. Canna-Global Acquisition is traded on NASDAQ Exchange in the United States.Things to note about Canna Global Acquisition performance evaluation
Checking the ongoing alerts about Canna Global for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canna Global Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canna Global is not yet fully synchronised with the market data | |
| Canna Global has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (348.23 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canna Global Acquisition currently holds about 36.03 K in cash with (1.52 M) of positive cash flow from operations. | |
| Roughly 93.0% of the company shares are held by company insiders |
- Analyzing Canna Global'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 Canna Global's stock is overvalued or undervalued compared to its peers.
- Examining Canna Global'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 Canna Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canna Global's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canna Global's stock. These opinions can provide insight into Canna Global'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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Canna Stock
If you are still planning to invest in Canna Global Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canna Global's history and understand the potential risks before investing.
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