Cango Inc Stock Performance
| CANG Stock | USD 3.90 0.24 5.80% |
Cango holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.72, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cango will likely underperform. Use Cango downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to analyze future returns on Cango.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Cango Inc are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Cango reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (3.74) | Five Day Return 4.87 | Year To Date Return 294.55 | Ten Year Return (71.33) | All Time Return (71.33) |
Dividend Date 2022-11-23 | Ex Dividend Date 2022-11-25 |
1 | Cango Inc. Reports Second Quarter 2024 Unaudited Financial Results | 08/29/2024 |
2 | The recent 11 percent gain must have brightened Top Key Executive Xiaojun Zhangs week, Cango Inc.s most bullish insider | 10/01/2024 |
3 | Cango to Release Earnings on Monday | 11/01/2024 |
4 | Earnings call Cango Inc. reported a total revenue of RMB 26.95 million | 11/05/2024 |
5 | Cango Inc. Q3 2024 Earnings Call Transcript | 11/06/2024 |
6 | CANG Stock Dives Over 5 percent Amid Volatile Trading Activity | 11/13/2024 |
7 | Cango Inc. expands with crypto mining assets acquisition | 11/19/2024 |
| Begin Period Cash Flow | 1.3 B |
Cango |
Cango Relative Risk vs. Return Landscape
If you would invest 177.00 in Cango Inc on August 24, 2024 and sell it today you would earn a total of 213.00 from holding Cango Inc or generate 120.34% return on investment over 90 days. Cango Inc is currently generating 1.4484% in daily expected returns and assumes 6.3577% risk (volatility on return distribution) over the 90 days horizon. In different words, 56% of stocks are less volatile than Cango, and 72% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Cango Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cango's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Cango Inc, and traders can use it to determine the average amount a Cango'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 = 0.2278
| Best Portfolio | Best Equity | |||
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| Average Returns | CANG | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.36 actual daily | 56 56% of assets are less volatile |
Expected Return
| 1.45 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average Cango is performing at about 17% 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 Cango by adding it to a well-diversified portfolio.
Cango Fundamentals Growth
Cango Stock prices reflect investors' perceptions of the future prospects and financial health of Cango, and Cango 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 Cango Stock performance.
| Return On Equity | 0.0354 | ||||
| Return On Asset | 0.0154 | ||||
| Profit Margin | 0.53 % | ||||
| Operating Margin | 1.04 % | ||||
| Current Valuation | (82.59 M) | ||||
| Shares Outstanding | 67.88 M | ||||
| Price To Earning | 0.48 X | ||||
| Price To Book | 0.79 X | ||||
| Price To Sales | 1.62 X | ||||
| Revenue | 1.7 B | ||||
| Gross Profit | (169 M) | ||||
| EBITDA | 78.33 M | ||||
| Net Income | (37.87 M) | ||||
| Cash And Equivalents | 3.4 B | ||||
| Cash Per Share | 24.68 X | ||||
| Total Debt | 90.54 M | ||||
| Debt To Equity | 0.23 % | ||||
| Current Ratio | 2.55 X | ||||
| Book Value Per Share | 38.38 X | ||||
| Cash Flow From Operations | 1.03 B | ||||
| Earnings Per Share | 0.19 X | ||||
| Market Capitalization | 432.07 M | ||||
| Total Asset | 4.65 B | ||||
| Retained Earnings | (335.63 M) | ||||
| Working Capital | 3.11 B | ||||
| Current Asset | 594.27 M | ||||
| Current Liabilities | 419.64 M | ||||
About Cango Performance
By analyzing Cango's fundamental ratios, stakeholders can gain valuable insights into Cango's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Cango has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Cango has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 6.81 | 6.47 | |
| Return On Tangible Assets | (0.01) | (0.01) | |
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Assets | (0.01) | (0.01) | |
| Return On Equity | (0.01) | (0.01) |
Things to note about Cango Inc performance evaluation
Checking the ongoing alerts about Cango for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Cango Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Cango Inc is way too risky over 90 days horizon | |
| Cango Inc appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 1.7 B. Net Loss for the year was (37.87 M) with loss before overhead, payroll, taxes, and interest of (169 M). | |
| About 19.0% of the company shares are held by company insiders | |
| Latest headline from investing.com: Cango Inc. expands with crypto mining assets acquisition |
- Analyzing Cango'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 Cango's stock is overvalued or undervalued compared to its peers.
- Examining Cango'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 Cango's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Cango's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Cango's stock. These opinions can provide insight into Cango's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango's 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 Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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