Canada Nickel Stock Performance
| CNC Stock | CAD 0.88 0.03 3.53% |
The firm shows a Beta (market volatility) of 0.0434, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canada Nickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canada Nickel is expected to be smaller as well. At this point, Canada Nickel has a negative expected return of -0.096%. Please make sure to confirm Canada Nickel's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Canada Nickel performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Canada Nickel has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Canada Nickel is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
| Begin Period Cash Flow | 13 M |
Canada |
Canada Nickel Relative Risk vs. Return Landscape
If you would invest 96.00 in Canada Nickel on December 2, 2024 and sell it today you would lose (8.00) from holding Canada Nickel or give up 8.33% of portfolio value over 90 days. Canada Nickel is currently producing negative expected returns and takes up 3.0526% volatility of returns over 90 trading days. Put another way, 27% of traded stocks are less volatile than Canada, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Canada Nickel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Nickel's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canada Nickel, and traders can use it to determine the average amount a Canada Nickel'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 = -0.0315
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CNC |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canada Nickel 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 Canada Nickel by adding Canada Nickel to a well-diversified portfolio.
Canada Nickel Fundamentals Growth
Canada Stock prices reflect investors' perceptions of the future prospects and financial health of Canada Nickel, and Canada Nickel 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 Canada Stock performance.
| Return On Equity | -0.0484 | ||||
| Return On Asset | -0.0388 | ||||
| Current Valuation | 152.19 M | ||||
| Shares Outstanding | 184.69 M | ||||
| Price To Earning | (8.57) X | ||||
| Price To Book | 0.78 X | ||||
| EBITDA | (11.16 M) | ||||
| Cash And Equivalents | 791.85 K | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 16.88 M | ||||
| Debt To Equity | 13.70 % | ||||
| Book Value Per Share | 1.11 X | ||||
| Cash Flow From Operations | (7.39 M) | ||||
| Earnings Per Share | (0.05) X | ||||
| Total Asset | 183.07 M | ||||
| Retained Earnings | (29.22 M) | ||||
About Canada Nickel Performance
Evaluating Canada Nickel's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Canada Nickel 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 Canada Nickel 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.
Canyon Copper Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada and the United States. Canyon Copper Corp. was founded in 2000 and is based in Vancouver, Canada. Canyon Copper operates under Industrial Metals Minerals classification in Canada and traded on TSX Venture Exchange.Things to note about Canada Nickel performance evaluation
Checking the ongoing alerts about Canada Nickel for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canada Nickel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canada Nickel generated a negative expected return over the last 90 days | |
| Canada Nickel has some characteristics of a very speculative penny stock | |
| Canada Nickel has high historical volatility and very poor performance | |
| Net Loss for the year was (13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canada Nickel has accumulated about 791.85 K in cash with (7.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 15.0% of the company shares are held by company insiders |
- Analyzing Canada Nickel'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 Canada Nickel's stock is overvalued or undervalued compared to its peers.
- Examining Canada Nickel'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 Canada Nickel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canada Nickel's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canada Nickel's stock. These opinions can provide insight into Canada Nickel's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Canada Stock Analysis
When running Canada Nickel's price analysis, check to measure Canada Nickel'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 Canada Nickel is operating at the current time. Most of Canada Nickel's value examination focuses on studying past and present price action to predict the probability of Canada Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Nickel's price. Additionally, you may evaluate how the addition of Canada Nickel to your portfolios can decrease your overall portfolio volatility.