Canaquest Medical Corp Stock Price on February 21, 2023
| CANQF Stock | USD 0.04 0.01 38.52% |
If you're considering investing in CanaQuest Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CanaQuest Medical stands at 0.04, as last reported on the 12th of December 2024, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day. CanaQuest Medical appears to be out of control, given 3 months investment horizon. CanaQuest Medical Corp secures Sharpe Ratio (or Efficiency) of 0.052, which signifies that the company had a 0.052% return per unit of risk over the last 3 months. By analyzing CanaQuest Medical's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of CanaQuest Medical's Mean Deviation of 9.38, downside deviation of 23.51, and Risk Adjusted Performance of 0.0462 to double-check if our risk estimates are consistent with your expectations.
CanaQuest Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CanaQuest |
Sharpe Ratio = 0.052
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Estimated Market Risk
| 16.03 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average CanaQuest Medical is performing at about 4% 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 CanaQuest Medical by adding it to a well-diversified portfolio.
CanaQuest Medical Valuation on February 21, 2023
It is possible to determine the worth of CanaQuest Medical on a given historical date. On February 21, 2023 CanaQuest was worth 0.18 at the beginning of the trading date compared to the closed value of 0.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CanaQuest Medical pink sheet. Still, in general, we apply an absolute valuation method to find CanaQuest Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CanaQuest Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CanaQuest Medical's related companies.
| Open | High | Low | Close | Volume | |
| 0.18 | 0.18 | 0.18 | 0.18 | 1.00 | |
02/21/2023 | 0.18 | 0.18 | 0.18 | 0.18 | 5,000 |
| 0.18 | 0.18 | 0.18 | 0.18 | 1.00 |
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CanaQuest Medical Trading Date Momentum on February 21, 2023
| On February 22 2023 CanaQuest Medical Corp was traded for 0.18 at the closing time. The highest daily price throughout the period was 0.18 and the lowest price was 0.18 . There was no trading activity during the period 1.0. Lack of trading volume on 02/22/2023 did not affect price variability. The overall trading delta to current closing price is 5.56% . |
CanaQuest Medical Corp Fundamentals Correlations and Trends
By evaluating CanaQuest Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CanaQuest Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CanaQuest financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CanaQuest Medical Pink Sheet history
CanaQuest Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CanaQuest is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CanaQuest Medical Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CanaQuest Medical stock prices may prove useful in developing a viable investing in CanaQuest Medical
CanaQuest Medical Corp. develops health products and pharmaceuticals that utilize hemps, cannabis, and algae oils. CanaQuest Medical Corp. was founded in 2008 and is based in Mississauga, Canada. Canaquest Medical operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
CanaQuest Medical Pink Sheet Technical Analysis
CanaQuest Medical technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
CanaQuest Medical Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
CanaQuest Medical Corp cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CanaQuest Medical December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how CanaQuest Medical pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CanaQuest Medical shares will generate the highest return on investment. By undertsting and applying CanaQuest Medical pink sheet market strength indicators, traders can identify CanaQuest Medical Corp entry and exit signals to maximize returns
CanaQuest Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CanaQuest Medical's price direction in advance. Along with the technical and fundamental analysis of CanaQuest Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of CanaQuest to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | 1.02 | |||
| Total Risk Alpha | (1.70) | |||
| Sortino Ratio | 0.0286 | |||
| Treynor Ratio | (0.38) |
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Complementary Tools for CanaQuest Pink Sheet analysis
When running CanaQuest Medical's price analysis, check to measure CanaQuest Medical'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 CanaQuest Medical is operating at the current time. Most of CanaQuest Medical's value examination focuses on studying past and present price action to predict the probability of CanaQuest Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CanaQuest Medical's price. Additionally, you may evaluate how the addition of CanaQuest Medical to your portfolios can decrease your overall portfolio volatility.
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