Canex Metals Stock Performance
| CANX Stock | CAD 0.05 0.00 0.00% |
On a scale of 0 to 100, CANEX Metals holds a performance score of 2. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CANEX Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding CANEX Metals is expected to be smaller as well. Please check CANEX Metals' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether CANEX Metals' price patterns will revert.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in CANEX Metals are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, CANEX Metals showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Dividend Date 2017-04-03 | Last Split Date 2017-04-03 |
1 | Canex Closes First Tranche of Financing - Yahoo Finance | 11/14/2024 |
| Begin Period Cash Flow | 1.5 M |
CANEX |
CANEX Metals Relative Risk vs. Return Landscape
If you would invest 6.00 in CANEX Metals on August 29, 2024 and sell it today you would lose (1.00) from holding CANEX Metals or give up 16.67% of portfolio value over 90 days. CANEX Metals is generating 0.4263% of daily returns assuming 12.2787% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than CANEX on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CANEX Metals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CANEX Metals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as CANEX Metals, and traders can use it to determine the average amount a CANEX Metals' 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 = 0.0347
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 12.28 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average CANEX Metals is performing at about 2% 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 CANEX Metals by adding it to a well-diversified portfolio.
CANEX Metals Fundamentals Growth
CANEX Stock prices reflect investors' perceptions of the future prospects and financial health of CANEX Metals, and CANEX Metals 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 CANEX Stock performance.
| Return On Equity | -0.0632 | ||||
| Return On Asset | -0.032 | ||||
| Current Valuation | 4.44 M | ||||
| Shares Outstanding | 121.44 M | ||||
| Price To Earning | 13.33 X | ||||
| Price To Book | 0.91 X | ||||
| EBITDA | (429.73 K) | ||||
| Net Income | (535.4 K) | ||||
| Cash And Equivalents | 480.92 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 98.25 K | ||||
| Current Ratio | 25.64 X | ||||
| Book Value Per Share | 0.05 X | ||||
| Cash Flow From Operations | (465.71 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Market Capitalization | 5.46 M | ||||
| Total Asset | 5.92 M | ||||
| Retained Earnings | (17.57 M) | ||||
| Working Capital | 768.19 K | ||||
About CANEX Metals Performance
Evaluating CANEX Metals' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if CANEX Metals 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 CANEX Metals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.08) | (0.09) | |
| Return On Capital Employed | (0.07) | (0.07) | |
| Return On Assets | (0.08) | (0.09) | |
| Return On Equity | (0.08) | (0.09) |
Things to note about CANEX Metals performance evaluation
Checking the ongoing alerts about CANEX Metals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for CANEX Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| CANEX Metals had very high historical volatility over the last 90 days | |
| CANEX Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (535.4 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| CANEX Metals has accumulated about 480.92 K in cash with (465.71 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Canex Closes First Tranche of Financing - Yahoo Finance |
- Analyzing CANEX Metals' 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 CANEX Metals' stock is overvalued or undervalued compared to its peers.
- Examining CANEX Metals' 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 CANEX Metals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of CANEX Metals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of CANEX Metals' stock. These opinions can provide insight into CANEX Metals' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.