Canadian Spirit Resources Stock Performance
SPI Stock | CAD 0.08 0.01 12.50% |
Canadian Spirit has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.01, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canadian Spirit will likely underperform. Canadian Spirit Resources right now shows a risk of 5.98%. Please confirm Canadian Spirit Resources maximum drawdown and the relationship between the semi variance and price action indicator , to decide if Canadian Spirit Resources will be following its price patterns.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Canadian Spirit Resources are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Canadian Spirit may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Begin Period Cash Flow | 1.3 M |
Canadian |
Canadian Spirit Relative Risk vs. Return Landscape
If you would invest 9.00 in Canadian Spirit Resources on January 24, 2024 and sell it today you would earn a total of 0.00 from holding Canadian Spirit Resources or generate 0.0% return on investment over 90 days. Canadian Spirit Resources is currently producing 0.1747% returns and takes up 5.9816% volatility of returns over 90 trading days. Put another way, 52% of traded stocks are less volatile than Canadian, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
Risk |
Canadian Spirit Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Spirit's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canadian Spirit Resources, and traders can use it to determine the average amount a Canadian Spirit'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 = 0.0292
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | SPI | |||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns |
Estimated Market Risk
5.98 actual daily | 52 52% of assets are less volatile |
Expected Return
0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Canadian Spirit is performing at about 2% 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 Canadian Spirit by adding it to a well-diversified portfolio.
Canadian Spirit Fundamentals Growth
Canadian Stock prices reflect investors' perceptions of the future prospects and financial health of Canadian Spirit, and Canadian Spirit 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 Canadian Stock performance.
Return On Equity | -0.0592 | ||||
Return On Asset | -0.032 | ||||
Operating Margin | (4.15) % | ||||
Current Valuation | 23.24 M | ||||
Shares Outstanding | 278.18 M | ||||
Price To Earning | (0.55) X | ||||
Price To Book | 0.61 X | ||||
Price To Sales | 41.04 X | ||||
Revenue | 284.01 K | ||||
EBITDA | (1.47 M) | ||||
Cash And Equivalents | 1.65 M | ||||
Cash Per Share | 0.01 X | ||||
Total Debt | 45.68 K | ||||
Debt To Equity | 0.10 % | ||||
Book Value Per Share | 0.13 X | ||||
Cash Flow From Operations | (1.33 M) | ||||
Earnings Per Share | (0.01) X | ||||
Total Asset | 39.27 M | ||||
Retained Earnings | (95.94 M) | ||||
About Canadian Spirit Performance
To evaluate Canadian Spirit Resources Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Canadian Spirit 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 Canadian Stock'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 Canadian Spirit Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Canadian'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.Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. CANADIAN SPIRIT operates under Oil Gas EP classification in Canada and is traded on TSX Venture Exchange.Things to note about Canadian Spirit Resources performance evaluation
Checking the ongoing alerts about Canadian Spirit for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canadian Spirit Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Canadian Spirit had very high historical volatility over the last 90 days | |
Canadian Spirit has some characteristics of a very speculative penny stock | |
Canadian Spirit has high likelihood to experience some financial distress in the next 2 years | |
The company reported the revenue of 284.01 K. Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (162.7 K). | |
Canadian Spirit Resources has accumulated about 1.65 M in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
Roughly 63.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Canadian Spirit'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 Canadian Spirit's stock is overvalued or undervalued compared to its peers.
- Examining Canadian Spirit'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 Canadian Spirit's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canadian Spirit's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canadian Spirit's stock. These opinions can provide insight into Canadian Spirit's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Spirit Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Canadian Stock analysis
When running Canadian Spirit's price analysis, check to measure Canadian Spirit'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 Canadian Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |