Canoo Holdings Stock Market Value
| GOEVW Stock | USD 0.02 0.0003 1.36% |
| Symbol | Canoo |
Canoo Holdings Price To Book Ratio
Is Diversified Metals & Mining 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 Canoo Holdings. If investors know Canoo 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 Canoo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.032 | Quarterly Revenue Growth 0.717 | Return On Assets (0.25) | Return On Equity (0.73) |
The market value of Canoo Holdings is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Canoo Holdings' 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 Canoo Holdings' market value can be influenced by many factors that don't directly affect Canoo Holdings' 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 Canoo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo Holdings' 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.
Canoo Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canoo Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canoo Holdings.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Canoo Holdings on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canoo Holdings or generate 0.0% return on investment in Canoo Holdings over 270 days. Canoo Holdings is related to or competes with EVgo Equity, and Canoo. Canoo Holdings Ltd. designs and manufactures electric vehicles in California More
Canoo Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canoo Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canoo Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 47.09 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 14.11 |
Canoo Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoo Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canoo Holdings' standard deviation. In reality, there are many statistical measures that can use Canoo Holdings historical prices to predict the future Canoo Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (2.17) | |||
| Treynor Ratio | 2.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canoo Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canoo Holdings Backtested Returns
Canoo Holdings secures Sharpe Ratio (or Efficiency) of -0.0753, which signifies that the company had a -0.0753% return per unit of risk over the last 3 months. Canoo Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canoo Holdings' Mean Deviation of 7.62, risk adjusted performance of (0.04), and Standard Deviation of 9.78 to double-check the risk estimate we provide. 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 Canoo Holdings are expected to decrease at a much lower rate. During the bear market, Canoo Holdings is likely to outperform the market. At this point, Canoo Holdings has a negative expected return of -0.74%. Please make sure to confirm Canoo Holdings' jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Canoo Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Canoo Holdings has very weak predictability. Overlapping area represents the amount of predictability between Canoo Holdings time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canoo Holdings price movement. The serial correlation of 0.17 indicates that over 17.0% of current Canoo Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canoo Holdings lagged returns against current returns
Autocorrelation, which is Canoo Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Canoo Holdings' stock expected returns. We can calculate the autocorrelation of Canoo Holdings returns to help us make a trade decision. For example, suppose you find that Canoo Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Canoo Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Canoo Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canoo Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canoo Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Canoo Holdings Lagged Returns
When evaluating Canoo Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canoo Holdings stock have on its future price. Canoo Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Canoo Holdings autocorrelation shows the relationship between Canoo Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Canoo Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Canoo Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.