Canon Inc Stock Market Value

CAJFF Stock  USD 31.01  0.49  1.56%   
Canon's market value is the price at which a share of Canon trades on a public exchange. It measures the collective expectations of Canon Inc investors about its performance. Canon is trading at 31.01 as of the 4th of December 2024. This is a 1.56 percent decrease since the beginning of the trading day. The stock's lowest day price was 31.01.
With this module, you can estimate the performance of a buy and hold strategy of Canon Inc and determine expected loss or profit from investing in Canon over a given investment horizon. Check out Canon Correlation, Canon Volatility and Canon Alpha and Beta module to complement your research on Canon.
Symbol

Please note, there is a significant difference between Canon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Canon 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canon's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canon.
0.00
11/04/2024
No Change 0.00  0.0 
In 31 days
12/04/2024
0.00
If you would invest  0.00  in Canon on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Canon Inc or generate 0.0% return on investment in Canon over 30 days. Canon is related to or competes with One Stop, Quantum Computing, Corsair Gaming, NetApp, Seagate Technology, Dell Technologies, and Western Digital. Canon Inc., together with its subsidiaries, manufactures and sells office multifunction devices , plain paper copying ma... More

Canon Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canon's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canon Inc upside and downside potential and time the market with a certain degree of confidence.

Canon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canon's standard deviation. In reality, there are many statistical measures that can use Canon historical prices to predict the future Canon's volatility.
Hype
Prediction
LowEstimatedHigh
28.7931.0133.23
Details
Intrinsic
Valuation
LowRealHigh
27.1329.3531.57
Details
Naive
Forecast
LowNextHigh
28.6430.8633.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
31.1731.8632.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Canon. Your research has to be compared to or analyzed against Canon's peers to derive any actionable benefits. When done correctly, Canon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Canon Inc.

Canon Inc Backtested Returns

Canon Inc secures Sharpe Ratio (or Efficiency) of -0.0134, which signifies that the company had a -0.0134% return per unit of risk over the last 3 months. Canon Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canon's Standard Deviation of 2.17, risk adjusted performance of (0.01), and Mean Deviation of 1.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canon is expected to be smaller as well. At this point, Canon Inc has a negative expected return of -0.0295%. Please make sure to confirm Canon's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Canon Inc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.44  

Average predictability

Canon Inc has average predictability. Overlapping area represents the amount of predictability between Canon time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canon Inc price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Canon price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.72
Residual Average0.0
Price Variance0.57

Canon Inc lagged returns against current returns

Autocorrelation, which is Canon pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Canon's pink sheet expected returns. We can calculate the autocorrelation of Canon returns to help us make a trade decision. For example, suppose you find that Canon has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Canon regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Canon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canon pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Canon Lagged Returns

When evaluating Canon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canon pink sheet have on its future price. Canon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Canon autocorrelation shows the relationship between Canon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canon Inc.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Canon Pink Sheet

Canon financial ratios help investors to determine whether Canon Pink Sheet 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 Canon with respect to the benefits of owning Canon security.