Canacol Energy Stock Price on August 8, 2024

CNE Stock  CAD 4.28  0.17  4.14%   
Below is the normalized historical share price chart for Canacol Energy extending back to May 25, 1981. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canacol Energy stands at 4.28, as last reported on the 4th of December, with the highest price reaching 4.32 and the lowest price hitting 4.14 during the day.
200 Day MA
4.24
50 Day MA
3.3396
Beta
0.838
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Canacol Stock, it is important to understand the factors that can impact its price. Canacol Energy appears to be unstable, given 3 months investment horizon. Canacol Energy secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canacol Energy, which you can use to evaluate the volatility of the firm. Please makes use of Canacol Energy's Risk Adjusted Performance of 0.0551, downside deviation of 2.28, and Mean Deviation of 2.48 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Canacol Energy's Total Stockholder Equity is very stable compared to the past year. As of the 4th of December 2024, Common Stock Shares Outstanding is likely to grow to about 35.8 M, while Common Stock is likely to drop about 125 M. . At this time, Canacol Energy's Price Earnings Ratio is very stable compared to the past year. As of the 4th of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 1.97, while Price To Sales Ratio is likely to drop 0.54. Canacol Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1135

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Estimated Market Risk

 3.53
  actual daily
31
69% of assets are more volatile

Expected Return

 0.4
  actual daily
7
93% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Canacol Energy is performing at about 8% 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 Canacol Energy by adding it to a well-diversified portfolio.
Price Book
0.2782
Enterprise Value Ebitda
3.062
Price Sales
0.3946
Shares Float
19.8 M
Dividend Share
0.211

Canacol Energy Valuation on August 8, 2024

It is possible to determine the worth of Canacol Energy on a given historical date. On August 8, 2024 Canacol was worth 4.25 at the beginning of the trading date compared to the closed value of 4.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canacol Energy stock. Still, in general, we apply an absolute valuation method to find Canacol Energy'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 Canacol Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canacol Energy's related companies.
 Open High Low Close Volume
  4.20    4.37    4.18    4.18    9,076  
08/08/2024
  4.25    4.37    4.21    4.21    7,506  
  4.21    4.39    4.21    4.32    13,466  
Backtest Canacol Energy  |  Canacol Energy History  |  Canacol Energy Valuation   PreviousNext  
Open Value
4.25
4.21
Closing Value
14.84
Upside

Canacol Energy Trading Date Momentum on August 8, 2024

On August 09 2024 Canacol Energy was traded for  4.32  at the closing time. The maximum traded price for the trading interval was 4.39  and the lowest daily price was  4.21 . The daily volume was recorded at 13.5 K. The volume of trading on 9th of August 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 2.61% . The overall trading delta to the closing price today is 3.33% .

Canacol Energy Fundamentals Correlations and Trends

By evaluating Canacol Energy'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 Canacol Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canacol financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canacol Energy Stock history

Canacol Energy 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 Canacol is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canacol Energy 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 Canacol Energy stock prices may prove useful in developing a viable investing in Canacol Energy
Last ReportedProjected for Next Year
Common Stock Shares Outstanding34.1 M35.8 M
Net Income Applicable To Common Shares169.4 M177.8 M

Canacol Energy Stock Technical Analysis

Canacol Energy 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.
A focus of Canacol Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canacol Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Canacol Energy Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Canacol Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.

Canacol Energy December 4, 2024 Market Strength

Market strength 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 undertsting and applying Canacol Energy stock market strength indicators, traders can identify Canacol Energy entry and exit signals to maximize returns

Canacol Energy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canacol Energy's price direction in advance. Along with the technical and fundamental analysis of Canacol Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canacol 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.

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.