Canlan Ice Sports Stock Performance
| ICE Stock | CAD 4.10 0.00 0.00% |
Canlan Ice has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canlan Ice are expected to decrease at a much lower rate. During the bear market, Canlan Ice is likely to outperform the market. Canlan Ice Sports right now shows a risk of 1.77%. Please confirm Canlan Ice Sports total risk alpha, downside variance, day median price, as well as the relationship between the maximum drawdown and skewness , to decide if Canlan Ice Sports will be following its price patterns.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Canlan Ice Sports are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Canlan Ice may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Forward Dividend Yield 0.0293 | Payout Ratio 0.5161 | Last Split Factor 1:20 | Forward Dividend Rate 0.12 | Dividend Date 2025-01-15 |
1 | Canlan Sports and Cizzle Brands Announce Strategic Agreement to Elevate Grassroots Hockey in Canada. - StockTitan | 09/17/2024 |
2 | Canlan Ice Sports Third Quarter 2024 Earnings CA0.20 loss per share - Yahoo Finance | 11/15/2024 |
| Begin Period Cash Flow | 18.5 M |
Canlan |
Canlan Ice Relative Risk vs. Return Landscape
If you would invest 382.00 in Canlan Ice Sports on August 28, 2024 and sell it today you would earn a total of 28.00 from holding Canlan Ice Sports or generate 7.33% return on investment over 90 days. Canlan Ice Sports is generating 0.1294% of daily returns assuming 1.7671% volatility of returns over the 90 days investment horizon. Simply put, 15% of all stocks have less volatile historical return distribution than Canlan Ice, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canlan Ice Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canlan Ice's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canlan Ice Sports, and traders can use it to determine the average amount a Canlan Ice'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 = 0.0732
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | ICE | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Canlan Ice is performing at about 5% 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 Canlan Ice by adding it to a well-diversified portfolio.
Canlan Ice Fundamentals Growth
Canlan Stock prices reflect investors' perceptions of the future prospects and financial health of Canlan Ice, and Canlan Ice 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 Canlan Stock performance.
| Return On Equity | -0.0154 | ||||
| Return On Asset | 0.0083 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 86.1 M | ||||
| Shares Outstanding | 13.34 M | ||||
| Price To Earning | 20.04 X | ||||
| Price To Book | 1.14 X | ||||
| Price To Sales | 0.61 X | ||||
| Revenue | 86.15 M | ||||
| Gross Profit | 32.25 M | ||||
| EBITDA | 9.42 M | ||||
| Net Income | 435 K | ||||
| Cash And Equivalents | 18.53 M | ||||
| Cash Per Share | 0.90 X | ||||
| Total Debt | 49.27 M | ||||
| Debt To Equity | 139.00 % | ||||
| Current Ratio | 0.68 X | ||||
| Book Value Per Share | 3.35 X | ||||
| Cash Flow From Operations | 9.31 M | ||||
| Earnings Per Share | (0.06) X | ||||
| Market Capitalization | 54.68 M | ||||
| Total Asset | 122 M | ||||
| Retained Earnings | (21.83 M) | ||||
| Working Capital | (5.26 M) | ||||
About Canlan Ice Performance
By examining Canlan Ice's fundamental ratios, stakeholders can obtain critical insights into Canlan Ice'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 Canlan Ice 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 | 3.07 | 2.91 | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Equity | 0.01 | 0.01 |
Things to note about Canlan Ice Sports performance evaluation
Checking the ongoing alerts about Canlan Ice for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canlan Ice Sports help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canlan Ice Sports has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Canlan Ice Sports has accumulated 49.27 M in total debt with debt to equity ratio (D/E) of 139.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Canlan Ice Sports has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canlan Ice until it has trouble settling it off, either with new capital or with free cash flow. So, Canlan Ice's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canlan Ice Sports sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canlan to invest in growth at high rates of return. When we think about Canlan Ice's use of debt, we should always consider it together with cash and equity. | |
| About 93.0% of Canlan Ice shares are held by company insiders | |
| Latest headline from news.google.com: Canlan Ice Sports Third Quarter 2024 Earnings CA0.20 loss per share - Yahoo Finance |
- Analyzing Canlan Ice'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 Canlan Ice's stock is overvalued or undervalued compared to its peers.
- Examining Canlan Ice'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 Canlan Ice's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canlan Ice's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canlan Ice's stock. These opinions can provide insight into Canlan Ice's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Canlan Stock
Canlan Ice financial ratios help investors to determine whether Canlan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canlan with respect to the benefits of owning Canlan Ice security.