Canalaska Uranium Stock Performance
| CVV Stock | CAD 0.75 0.03 3.85% |
On a scale of 0 to 100, CanAlaska Uranium holds a performance score of 7. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CanAlaska Uranium's returns are expected to increase less than the market. However, during the bear market, the loss of holding CanAlaska Uranium is expected to be smaller as well. Please check CanAlaska Uranium's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether CanAlaska Uranium's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in CanAlaska Uranium are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, CanAlaska Uranium showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1037:1000 | Last Split Date 2023-11-14 |
1 | CanAlaska Completes 5M Private Placement Financing - StockTitan | 09/13/2024 |
2 | CanAlaska Announces Major Uranium Discovery at Pike Zone - TipRanks | 09/26/2024 |
3 | 5 Best-performing Canadian Uranium Stocks of 2024 - Nasdaq | 10/28/2024 |
| Begin Period Cash Flow | 11.5 M |
CanAlaska |
CanAlaska Uranium Relative Risk vs. Return Landscape
If you would invest 62.00 in CanAlaska Uranium on August 30, 2024 and sell it today you would earn a total of 13.00 from holding CanAlaska Uranium or generate 20.97% return on investment over 90 days. CanAlaska Uranium is currently producing 0.3789% returns and takes up 3.8362% volatility of returns over 90 trading days. Put another way, 34% of traded stocks are less volatile than CanAlaska, and 93% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
CanAlaska Uranium Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CanAlaska Uranium's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as CanAlaska Uranium, and traders can use it to determine the average amount a CanAlaska Uranium'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 = 0.0988
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Estimated Market Risk
| 3.84 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average CanAlaska Uranium is performing at about 7% 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 CanAlaska Uranium by adding it to a well-diversified portfolio.
CanAlaska Uranium Fundamentals Growth
CanAlaska Stock prices reflect investors' perceptions of the future prospects and financial health of CanAlaska Uranium, and CanAlaska Uranium 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 CanAlaska Stock performance.
| Return On Equity | -0.81 | ||||
| Return On Asset | -0.63 | ||||
| Current Valuation | 117.21 M | ||||
| Shares Outstanding | 163.14 M | ||||
| Price To Earning | (4.13) X | ||||
| Price To Book | 12.24 X | ||||
| EBITDA | (10.14 M) | ||||
| Net Income | (8.04 M) | ||||
| Cash And Equivalents | 1.39 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 761 K | ||||
| Current Ratio | 9.54 X | ||||
| Book Value Per Share | 0.07 X | ||||
| Cash Flow From Operations | (11.48 M) | ||||
| Earnings Per Share | (0.06) X | ||||
| Market Capitalization | 122.36 M | ||||
| Total Asset | 15.9 M | ||||
| Retained Earnings | (119.17 M) | ||||
| Working Capital | 13.21 M | ||||
About CanAlaska Uranium Performance
Evaluating CanAlaska Uranium's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if CanAlaska Uranium 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 CanAlaska Uranium 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 | ||
| Days Of Inventory On Hand | (307.97) | (323.37) | |
| Return On Tangible Assets | (0.51) | (0.53) | |
| Return On Capital Employed | (0.78) | (0.82) | |
| Return On Assets | (0.51) | (0.53) | |
| Return On Equity | (0.57) | (0.60) |
Things to note about CanAlaska Uranium performance evaluation
Checking the ongoing alerts about CanAlaska Uranium for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for CanAlaska Uranium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| CanAlaska Uranium has some characteristics of a very speculative penny stock | |
| CanAlaska Uranium had very high historical volatility over the last 90 days | |
| Net Loss for the year was (8.04 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| CanAlaska Uranium has accumulated about 1.39 M in cash with (11.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
- Analyzing CanAlaska Uranium'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 CanAlaska Uranium's stock is overvalued or undervalued compared to its peers.
- Examining CanAlaska Uranium'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 CanAlaska Uranium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of CanAlaska Uranium's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of CanAlaska Uranium's stock. These opinions can provide insight into CanAlaska Uranium's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for CanAlaska Stock Analysis
When running CanAlaska Uranium's price analysis, check to measure CanAlaska Uranium'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 CanAlaska Uranium is operating at the current time. Most of CanAlaska Uranium's value examination focuses on studying past and present price action to predict the probability of CanAlaska Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanAlaska Uranium's price. Additionally, you may evaluate how the addition of CanAlaska Uranium to your portfolios can decrease your overall portfolio volatility.