Canaquest Medical Corp Stock Performance
| CANQF Stock | USD 0.03 0.00 0.00% |
On a scale of 0 to 100, CanaQuest Medical holds a performance score of 1. The firm shows a Beta (market volatility) of -1.83, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CanaQuest Medical are expected to decrease by larger amounts. On the other hand, during market turmoil, CanaQuest Medical is expected to outperform it. Please check CanaQuest Medical's sortino ratio and the relationship between the potential upside and day typical price , to make a quick decision on whether CanaQuest Medical's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in CanaQuest Medical Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, CanaQuest Medical may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| Begin Period Cash Flow | 87.00 | |
| Free Cash Flow | 27.5 K |
CanaQuest |
CanaQuest Medical Relative Risk vs. Return Landscape
If you would invest 4.77 in CanaQuest Medical Corp on September 3, 2024 and sell it today you would lose (1.77) from holding CanaQuest Medical Corp or give up 37.11% of portfolio value over 90 days. CanaQuest Medical Corp is currently producing 0.1972% returns and takes up 13.6049% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than CanaQuest, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
CanaQuest Medical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CanaQuest Medical's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as CanaQuest Medical Corp, and traders can use it to determine the average amount a CanaQuest Medical's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0145
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Estimated Market Risk
| 13.6 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average CanaQuest Medical is performing at about 1% 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 Fundamentals Growth
CanaQuest Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of CanaQuest Medical, and CanaQuest Medical fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on CanaQuest Pink Sheet performance.
| Return On Asset | -6.33 | |||
| Current Valuation | 2.54 M | |||
| Shares Outstanding | 20.14 M | |||
| EBITDA | (999.47 K) | |||
| Cash And Equivalents | 8 | |||
| Book Value Per Share | (0.05) X | |||
| Cash Flow From Operations | 27.54 K | |||
| Earnings Per Share | (0.06) X | |||
| Total Asset | 110.32 K | |||
About CanaQuest Medical Performance
By analyzing CanaQuest Medical's fundamental ratios, stakeholders can gain valuable insights into CanaQuest Medical's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CanaQuest Medical has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if CanaQuest Medical has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about CanaQuest Medical Corp performance evaluation
Checking the ongoing alerts about CanaQuest Medical for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for CanaQuest Medical Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| CanaQuest Medical had very high historical volatility over the last 90 days | |
| CanaQuest Medical has some characteristics of a very speculative penny stock | |
| CanaQuest Medical has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist CanaQuest Medical until it has trouble settling it off, either with new capital or with free cash flow. So, CanaQuest Medical's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CanaQuest Medical Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CanaQuest to invest in growth at high rates of return. When we think about CanaQuest Medical's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.1 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 54.0% of the company shares are held by company insiders |
- Analyzing CanaQuest Medical's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether CanaQuest Medical's stock is overvalued or undervalued compared to its peers.
- Examining CanaQuest Medical's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating CanaQuest Medical's management team can have a significant impact on its success or failure. Reviewing the track record and experience of CanaQuest Medical's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of CanaQuest Medical's pink sheet. These opinions can provide insight into CanaQuest Medical's potential for growth and whether the stock is currently undervalued or overvalued.
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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