Canlan Ice Sports Stock Beta
| CNLFFDelisted Stock | USD 2.97 0.00 0.00% |
Canlan Ice Sports fundamentals help investors to digest information that contributes to Canlan Ice's financial success or failures. It also enables traders to predict the movement of Canlan Pink Sheet. The fundamental analysis module provides a way to measure Canlan Ice's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canlan Ice pink sheet.
Canlan |
Canlan Ice Sports Company Beta Analysis
Canlan Ice's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Canlan Ice Beta | 1.06 |
Most of Canlan Ice's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canlan Ice Sports is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Canlan Ice Sports has a Beta of 1.0584. This is 26.0% higher than that of the Consumer Cyclical sector and 12.6% higher than that of the Leisure industry. The beta for all United States stocks is notably lower than that of the firm.
Canlan Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canlan Ice's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Canlan Ice could also be used in its relative valuation, which is a method of valuing Canlan Ice by comparing valuation metrics of similar companies.Canlan Ice is currently under evaluation in beta category among related companies.
Canlan Ice returns are very sensitive to returns on the market. As the market goes up or down, Canlan Ice is expected to follow.
Canlan Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0096 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 64.71 M | |||
| Shares Outstanding | 13.34 M | |||
| Shares Owned By Insiders | 93.36 % | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 0.56 X | |||
| Revenue | 40.39 M | |||
| Gross Profit | 32.25 M | |||
| EBITDA | 7.88 M | |||
| Net Income | (1.09 M) | |||
| Cash And Equivalents | 4.59 M | |||
| Cash Per Share | 0.34 X | |||
| Total Debt | 39.36 M | |||
| Debt To Equity | 1.68 % | |||
| Current Ratio | 0.63 X | |||
| Book Value Per Share | 3.37 X | |||
| Cash Flow From Operations | 12.14 M | |||
| Earnings Per Share | 0.18 X | |||
| Number Of Employees | 1.1 K | |||
| Beta | 1.06 | |||
| Market Capitalization | 39.65 M | |||
| Total Asset | 116.61 M | |||
| Z Score | 0.6 | |||
| Net Asset | 116.61 M | |||
| Last Dividend Paid | 0.03 |
About Canlan Ice Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canlan Ice Sports's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canlan Ice using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canlan Ice Sports based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canlan Ice in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canlan Ice's short interest history, or implied volatility extrapolated from Canlan Ice options trading.
Pair Trading with Canlan Ice
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canlan Ice position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canlan Ice will appreciate offsetting losses from the drop in the long position's value.Moving against Canlan Pink Sheet
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The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canlan Ice - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canlan Ice Sports to buy it.
The correlation of Canlan Ice is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canlan Ice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canlan Ice Sports moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canlan Ice can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Canlan Ice Sports information on this page should be used as a complementary analysis to other Canlan Ice'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Canlan Pink Sheet
If you are still planning to invest in Canlan Ice Sports check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canlan Ice's history and understand the potential risks before investing.
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