CANNAONE Buy Hold or Sell Recommendation

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CNONF -- USA Stock  

USD 0.15  0.07  76.47%

Assuming the 30-days horizon, and your above-average risk tolerance our recommendation regarding CANNAONE TECHNOLOGIES INC is 'Strong Sell'. Macroaxis provides CANNAONE TECHNOLOGIES buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CNONF positions. The advice algorithm takes into account all of CANNAONE TECHNOLOGIES INC available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from CNONF buy-and-hold perspective. Continue to CANNAONE TECHNOLOGIES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments please use Instant Ratings tool.

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Time Horizon

Risk Tolerance

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Sell CANNAONE TECHNOLOGIESBuy CANNAONE TECHNOLOGIES
Strong Sell

Volatility

Hype Condition

Current Valuation

Odds of Distress

Analyst Consensus

Not Available
For the selected time horizon CANNAONE TECHNOLOGIES INC has a mean deviation of 10.64, semi deviation of 12.9, standard deviation of 17.62, variance of 310.54, downside variance of 481.98 and semi variance of 166.54
We provide buy or sell advice to complement the prevailing expert consensus on CANNAONE TECHNOLOGIES INC. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available right now. Please makes use of CANNAONE TECHNOLOGIES current valuation and debt to equity to make buy, hold, or sell decision on CANNAONE TECHNOLOGIES INC. As CANNAONE TECHNOLOGIES INC appears to be a penny stock we also recommend to validate its gross profit numbers.

CANNAONE TECHNOLOGIES Trading Alerts and Improvement Suggestions

CANNAONE TECHNOLOGIES appears to be very risky and stock price may revert if volatility continues
CANNAONE TECHNOLOGIES has some characteristics of a very speculative penny stock
CANNAONE TECHNOLOGIES has high likelihood to experience some financial distress in the next 2 years
The company has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.

CANNAONE TECHNOLOGIES Returns Distribution Density

The chart of the probability distribution of CANNAONE TECHNOLOGIES stock daily returns describes the distribution of returns around its average expected value. We use CANNAONE TECHNOLOGIES INC' stock's Value At Risk and its Upside Potential as a relative measure of the distribution. The distribution of CANNAONE TECHNOLOGIES returns is essential to provide solid investment advice for CANNAONE TECHNOLOGIES stock.
Mean Return1.10Value At Risk-28.48
Potential Upside37.46Standard Deviation17.62
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CANNAONE TECHNOLOGIES historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

CANNAONE TECHNOLOGIES Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CANNAONE TECHNOLOGIES or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CANNAONE TECHNOLOGIES stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CANNAONE stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
=1.10
β
Beta against DOW=-0.05
σ
Overall volatility
=19.59
Ir
Information ratio =0.05

CANNAONE TECHNOLOGIES Volatility Alert

CANNAONE TECHNOLOGIES INC is showing large volatility of returns over the selected time horizon. We encourage all investors to investigate this asset further to make sure related market timing strategies are aligned with all the expectations about CANNAONE TECHNOLOGIES implied risk. CANNAONE TECHNOLOGIES INC is a potential penny stock. Although CANNAONE TECHNOLOGIES may be in fact a good instrument to invest, many penny otc stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in CANNAONE TECHNOLOGIES INC. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on this equity instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
    
 Better Than Average     
    
 Worse Than Average Compare CANNAONE TECHNOLOGIES to competition

CANNAONE TECHNOLOGIES Fundamental Vs Peers

FundamentalsCANNAONE TECHNOLOGIESPeer Average
Return On Asset(189.14) %(0.14) %
Current Valuation1.26 M16.62 B
Shares Outstanding22.06 M571.82 M
Shares Owned by Insiders9.53 %10.09 %
Gross Profit49.82 K27.38 B
Debt to Equity1.76 %48.70 %
Current Ratio0.21 X2.16 X
Market Capitalization700.12 K19.03 B

CANNAONE TECHNOLOGIES Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CANNAONE . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution13360.0
Daily Balance Of Power1.083333
Rate Of Daily Change1.764706
Day Median Price0.12
Day Typical Price0.13
Market Facilitation Index0.0
Price Action Indicator0.0625

About CANNAONE TECHNOLOGIES Buy or Sell Advice

When is the right time to buy or sell CANNAONE TECHNOLOGIES INC? Buying stocks such as CANNAONE TECHNOLOGIES isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily bases. Although CANNAONE TECHNOLOGIES investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply. Please read more on our stock advisor page.

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Continue to CANNAONE TECHNOLOGIES Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments please use Instant Ratings tool. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page