Canaan Inc Stock Alpha and Beta Analysis
| CAN Stock | USD 2.23 0.37 19.89% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canaan Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canaan over a specified time horizon. Remember, high Canaan's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canaan's market risk premium analysis include:
Beta (1.07) | Alpha 1.53 | Risk 10.26 | Sharpe Ratio 0.14 | Expected Return 1.44 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Canaan |
Canaan Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canaan market risk premium is the additional return an investor will receive from holding Canaan long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canaan. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canaan's performance over market.| α | 1.53 | β | -1.07 |
Canaan expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canaan's Buy-and-hold return. Our buy-and-hold chart shows how Canaan performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canaan Market Price Analysis
Market price analysis indicators help investors to evaluate how Canaan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canaan shares will generate the highest return on investment. By understating and applying Canaan stock market price indicators, traders can identify Canaan position entry and exit signals to maximize returns.
Canaan Return and Market Media
The median price of Canaan for the period between Fri, Nov 1, 2024 and Thu, Jan 30, 2025 is 2.01 with a coefficient of variation of 26.48. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 1.95, and mean deviation of 0.41. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive | 11/20/2024 |
2 | 2 ASX cannabis shares with big news today | 11/27/2024 |
3 | HIVEs SWOT analysis bitcoin miners stock poised for growth amid challenges | 12/16/2024 |
4 | New Canaan Leaders New Years Resolutions For 2025 | 12/30/2024 |
5 | HIVE Digital Technologies Achieves Milestone of 6 EHs of Hashrate Capacity | 01/02/2025 |
6 | Warming Centers Open Amid Extreme Cold Temperatures In New Canaan | 01/07/2025 |
7 | Canaan Inc. Shares Slammed 30 percent But Getting In Cheap Might Be Difficult Regardless | 01/08/2025 |
8 | Beloved New Canaan Middle School Art Teacher Dies Unexpectedly | 01/13/2025 |
9 | Stamford Man Charged With Impersonating Police Officer New Canaan PD | 01/14/2025 |
10 | Canaan Trading Down 4.6 percent Should You Sell | 01/16/2025 |
11 | Canaan Shares Down 4.6 percent - Heres Why - MarketBeat | 01/28/2025 |
About Canaan Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canaan or other stocks. Alpha measures the amount that position in Canaan Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2024 | 2025 (projected) | Days Sales Outstanding | 100.8 | 90.72 | 95.25 | PTB Ratio | 0.58 | 1.31 | 1.25 |
Canaan Upcoming Company Events
As portrayed in its financial statements, the presentation of Canaan's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canaan's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canaan's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canaan. Please utilize our Beneish M Score to check the likelihood of Canaan's management manipulating its earnings.
| 5th of March 2024 Upcoming Quarterly Report | View | |
| 24th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Canaan Backtesting, Canaan Valuation, Canaan Correlation, Canaan Hype Analysis, Canaan Volatility, Canaan History and analyze Canaan Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Canaan technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.