Canacol Energy Stock Alpha and Beta Analysis
| CNE Stock | CAD 3.85 0.22 5.41% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canacol Energy. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canacol Energy over a specified time horizon. Remember, high Canacol Energy'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 Canacol Energy's market risk premium analysis include:
Beta 0.67 | Alpha (0.18) | Risk 3.52 | Sharpe Ratio 0.0007 | Expected Return 0.0026 |
Canacol Energy Quarterly Cash And Equivalents |
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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.
Canacol |
Canacol Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canacol Energy market risk premium is the additional return an investor will receive from holding Canacol Energy 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 Canacol Energy. 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 Canacol Energy's performance over market.| α | -0.18 | β | 0.67 |
Canacol Energy 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 Canacol Energy's Buy-and-hold return. Our buy-and-hold chart shows how Canacol Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canacol Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Canacol Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canacol Energy shares will generate the highest return on investment. By understating and applying Canacol Energy stock market price indicators, traders can identify Canacol Energy position entry and exit signals to maximize returns.
Canacol Energy Return and Market Media
The median price of Canacol Energy for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 3.39 with a coefficient of variation of 10.41. The daily time series for the period is distributed with a sample standard deviation of 0.35, arithmetic mean of 3.38, and mean deviation of 0.27. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Canacol Energy Hits New 52-Week Low at 3.63 - MarketBeat | 09/03/2024 |
2 | Canacol Energy shareholders have endured a 78 percent loss from investing in the stock five years ago - Yahoo Finance | 10/01/2024 |
3 | Canacol Energys 2024 Financial Report Highlights - TipRanks | 11/08/2024 |
About Canacol Energy 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 Canacol or other stocks. Alpha measures the amount that position in Canacol Energy 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.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0652 | 0.11 | 0.15 | Price To Sales Ratio | 1.46 | 0.74 | 0.57 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canacol Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canacol Energy's short interest history, or implied volatility extrapolated from Canacol Energy options trading.
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Other Information on Investing in Canacol Stock
Canacol Energy financial ratios help investors to determine whether Canacol Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canacol with respect to the benefits of owning Canacol Energy security.