Conair Stock Performance

CNGA Stock  USD 0.43  0.00  0.00%   
The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Conair are expected to decrease at a much lower rate. During the bear market, Conair is likely to outperform the market. Conair has an expected return of -0.43%. Please make sure to confirm Conair treynor ratio and the relationship between the skewness and day typical price , to decide if Conair performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Conair has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's technical and fundamental indicators remain somewhat strong which may send shares a bit higher in April 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
  

Conair Relative Risk vs. Return Landscape

If you would invest  58.00  in Conair on December 29, 2023 and sell it today you would lose (15.00) from holding Conair or give up 25.86% of portfolio value over 90 days. Conair is currently does not generate positive expected returns and assumes 2.9801% risk (volatility on return distribution) over the 90 days horizon. In different words, 26% of pink sheets are less volatile than Conair, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
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Given the investment horizon of 90 days Conair is expected to under-perform the market. In addition to that, the company is 5.24 times more volatile than its market benchmark. It trades about -0.14 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of volatility.

Conair Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Conair's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Conair, and traders can use it to determine the average amount a Conair'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 = -0.145

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Estimated Market Risk

 2.98
  actual daily
26
74% of assets are more volatile

Expected Return

 -0.43
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.14
  actual daily
0
Most of other assets perform better
Based on monthly moving average Conair is not performing at its full potential. However, 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 Conair by adding Conair to a well-diversified portfolio.

Conair Fundamentals Growth

Conair Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Conair, and Conair 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 Conair Pink Sheet performance.

About Conair Performance

To evaluate Conair Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Conair generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Conair Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Conair market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Conair's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Conair Corporation engages in the installation and servicing of commercial air conditioning, heating, refrigeration, and ventilation systems. The company was founded in 1963 and is based in Garden City Park, New York. CONAIR CORP operates under Specialty Industrial Machinery classification in the United States and is traded on OTC Exchange.

Things to note about Conair performance evaluation

Checking the ongoing alerts about Conair for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Conair help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Conair generated a negative expected return over the last 90 days
Conair has some characteristics of a very speculative penny stock
Evaluating Conair's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Conair's pink sheet performance include:
  • Analyzing Conair'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 Conair's stock is overvalued or undervalued compared to its peers.
  • Examining Conair'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 Conair's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Conair's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Conair's pink sheet. These opinions can provide insight into Conair's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Conair's pink sheet performance is not an exact science, and many factors can impact Conair's pink sheet market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conair. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Conair information on this page should be used as a complementary analysis to other Conair's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Conair Pink Sheet analysis

When running Conair's price analysis, check to measure Conair'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 Conair is operating at the current time. Most of Conair's value examination focuses on studying past and present price action to predict the probability of Conair's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conair's price. Additionally, you may evaluate how the addition of Conair to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Conair's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conair is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conair'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.