Cannara Biotech Stock Price on April 29, 2024
| LOVE Stock | CAD 0.70 0.02 2.78% |
Below is the normalized historical share price chart for Cannara Biotech extending back to January 14, 2019. 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 Cannara Biotech stands at 0.70, as last reported on the 27th of December, with the highest price reaching 0.73 and the lowest price hitting 0.70 during the day.
If you're considering investing in Cannara Stock, it is important to understand the factors that can impact its price. Cannara Biotech appears to be out of control, given 3 months investment horizon. Cannara Biotech secures Sharpe Ratio (or Efficiency) of 0.0662, which signifies that the company had a 0.0662% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cannara Biotech, which you can use to evaluate the volatility of the firm. Please makes use of Cannara Biotech's Mean Deviation of 4.28, risk adjusted performance of 0.0565, and Downside Deviation of 6.53 to double-check if our risk estimates are consistent with your expectations.
Other Stockholder Equity is likely to climb to about 18.3 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 57 M in 2024. . At this time, Cannara Biotech's Price Earnings Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 6.02 in 2024, whereas Price Book Value Ratio is likely to drop 0.66 in 2024. Cannara Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.7225 | 50 Day MA 0.6966 | Beta 1.072 |
Cannara |
Sharpe Ratio = 0.0662
| Best Portfolio | Best Equity | |||
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| Small Returns | LOVE | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.28 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Cannara Biotech is performing at about 5% 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 Cannara Biotech by adding it to a well-diversified portfolio.
Price Book 0.7165 | Enterprise Value Ebitda 6.9057 | Price Sales 0.8217 | Shares Float 44 M | Earnings Share 0.07 |
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Cannara Biotech Valuation on April 29, 2024
It is possible to determine the worth of Cannara Biotech on a given historical date. On April 29, 2024 Cannara was worth 0.85 at the beginning of the trading date compared to the closed value of 0.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cannara Biotech stock. Still, in general, we apply an absolute valuation method to find Cannara Biotech'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 Cannara Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cannara Biotech's related companies.
| Open | High | Low | Close | Volume | |
| 0.84 | 0.84 | 0.84 | 0.84 | 3,620 | |
04/29/2024 | 0.85 | 0.86 | 0.79 | 0.79 | 76,672 |
| 0.77 | 0.81 | 0.69 | 0.78 | 191,767 |
| Backtest Cannara Biotech | | | Cannara Biotech History | | | Cannara Biotech Valuation | Previous | Next |
Cannara Biotech Trading Date Momentum on April 29, 2024
| On April 30 2024 Cannara Biotech was traded for 0.78 at the closing time. The maximum traded price for the trading interval was 0.81 and the lowest daily price was 0.69 . The daily volume was recorded at 191.8 K. The volume of trading on 30th of April 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.27% . The overall trading delta to the closing price today is 7.59% . |
Cannara Biotech Fundamentals Correlations and Trends
By evaluating Cannara Biotech'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 Cannara Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cannara financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cannara Biotech Stock history
Cannara Biotech 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 Cannara is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cannara Biotech 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 Cannara Biotech stock prices may prove useful in developing a viable investing in Cannara Biotech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 81.3 M | 77.2 M | |
| Net Income Applicable To Common Shares | 2.7 M | 2.8 M |
Cannara Biotech Stock Technical Analysis
Cannara Biotech 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.
Price Boundaries
Cannara Biotech Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Cannara Biotech cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Cannara Biotech December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Cannara Biotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cannara Biotech shares will generate the highest return on investment. By undertsting and applying Cannara Biotech stock market strength indicators, traders can identify Cannara Biotech entry and exit signals to maximize returns
Cannara Biotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cannara Biotech's price direction in advance. Along with the technical and fundamental analysis of Cannara Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cannara 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 | 0.0565 | |||
| Jensen Alpha | 0.3486 | |||
| Total Risk Alpha | 0.0248 | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | 1.21 |
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Additional Tools for Cannara Stock Analysis
When running Cannara Biotech's price analysis, check to measure Cannara Biotech'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 Cannara Biotech is operating at the current time. Most of Cannara Biotech's value examination focuses on studying past and present price action to predict the probability of Cannara Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannara Biotech's price. Additionally, you may evaluate how the addition of Cannara Biotech to your portfolios can decrease your overall portfolio volatility.