Canada Nickel Stock Buy Hold or Sell Recommendation
| CNC Stock | CAD 0.97 0.01 1.04% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Canada Nickel is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Canada Nickel given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Canada Nickel, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Canada Nickel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Canada and provide practical buy, sell, or hold advice based on investors' constraints. Canada Nickel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Canada |
Execute Canada Nickel Buy or Sell Advice
The Canada recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canada Nickel. Macroaxis does not own or have any residual interests in Canada Nickel or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canada Nickel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canada Nickel Trading Alerts and Improvement Suggestions
| Canada Nickel has some characteristics of a very speculative penny stock | |
| 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 |
Canada Nickel Returns Distribution Density
The distribution of Canada Nickel's historical returns is an attempt to chart the uncertainty of Canada Nickel's future price movements. The chart of the probability distribution of Canada Nickel daily returns describes the distribution of returns around its average expected value. We use Canada Nickel price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canada Nickel returns is essential to provide solid investment advice for Canada Nickel.
| Mean Return | 0.0004 | Value At Risk | -3.42 | Potential Upside | 4.04 | Standard Deviation | 2.55 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canada Nickel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canada Nickel Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canada Nickel or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canada Nickel's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canada stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 2.49 | |
Ir | Information ratio | -0.05 |
Canada Nickel Volatility Alert
Canada Nickel currently demonstrates below-average downside deviation. It has Information Ratio of -0.05 and Jensen Alpha of 0.0. Canada Nickel is a potential penny stock. Although Canada Nickel may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Canada Nickel. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Canada instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canada Nickel Fundamentals Vs Peers
Comparing Canada Nickel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canada Nickel's direct or indirect competition across all of the common fundamentals between Canada Nickel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canada Nickel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canada Nickel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canada Nickel by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canada Nickel to competition |
| Fundamentals | Canada Nickel | Peer Average |
| Return On Equity | -0.0484 | -0.31 |
| Return On Asset | -0.0388 | -0.14 |
| Current Valuation | 170.98 M | 16.62 B |
| Shares Outstanding | 181.21 M | 571.82 M |
| Shares Owned By Insiders | 14.81 % | 10.09 % |
| Shares Owned By Institutions | 0.59 % | 39.21 % |
| Number Of Shares Shorted | 662.42 K | 4.71 M |
| Price To Earning | (8.57) X | 28.72 X |
| Price To Book | 0.87 X | 9.51 X |
| EBITDA | (11.16 M) | 3.9 B |
| Net Income | (13 M) | 570.98 M |
| Cash And Equivalents | 791.85 K | 2.7 B |
| Cash Per Share | 0.04 X | 5.01 X |
| Total Debt | 16.88 M | 5.32 B |
| Debt To Equity | 13.70 % | 48.70 % |
| Current Ratio | 3.21 X | 2.16 X |
| Book Value Per Share | 1.11 X | 1.93 K |
| Cash Flow From Operations | (7.39 M) | 971.22 M |
| Short Ratio | 3.22 X | 4.00 X |
| Earnings Per Share | (0.05) X | 3.12 X |
| Target Price | 3.23 | |
| Beta | 2.31 | -0.15 |
| Market Capitalization | 175.77 M | 19.03 B |
| Total Asset | 183.07 M | 29.47 B |
| Retained Earnings | (29.22 M) | 9.33 B |
| Working Capital | (4.39 M) | 1.48 B |
| Net Asset | 183.07 M |
Canada Nickel Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canada . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Canada Nickel Buy or Sell Advice
When is the right time to buy or sell Canada Nickel? Buying financial instruments such as Canada Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Canada Nickel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
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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.