California Nanotechnologies Corp Stock Filter Stocks by Fundamentals
| CNO Stock | CAD 0.37 0.01 2.63% |
California Nanotechnologies Corp fundamentals help investors to digest information that contributes to California Nanotechnologies' financial success or failures. It also enables traders to predict the movement of California Stock. The fundamental analysis module provides a way to measure California Nanotechnologies' 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 California Nanotechnologies stock.
California | Shares Owned by Institutions |
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California Fundamentals
| Return On Asset | 0.22 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 16.69 M | ||||
| Shares Outstanding | 43.38 M | ||||
| Shares Owned By Insiders | 29.56 % | ||||
| Number Of Shares Shorted | 6.03 K | ||||
| Price To Earning | 65.00 X | ||||
| Price To Book | 35.87 X | ||||
| Price To Sales | 7.03 X | ||||
| Revenue | 1.38 M | ||||
| Gross Profit | 990.56 K | ||||
| EBITDA | 337.91 K | ||||
| Net Income | 79.76 K | ||||
| Cash And Equivalents | 30.84 K | ||||
| Total Debt | 1.18 M | ||||
| Current Ratio | 0.06 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | 623.09 K | ||||
| Short Ratio | 0.08 X | ||||
| Earnings Per Share | 0.03 X | ||||
| Beta | 1.28 | ||||
| Market Capitalization | 16.48 M | ||||
| Total Asset | 1.04 M | ||||
| Retained Earnings | (4.26 M) | ||||
| Working Capital | (1.22 M) | ||||
| Net Asset | 1.04 M |
About California Nanotechnologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze California Nanotechnologies Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Nanotechnologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Nanotechnologies Corp 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.
Pair Trading with California Nanotechnologies
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 California Nanotechnologies 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 California Nanotechnologies will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
| 0.65 | RBA | Ritchie Bros Auctioneers | PairCorr |
Moving against California Stock
| 0.81 | ATS | ATS P | PairCorr |
The ability to find closely correlated positions to California Nanotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Nanotechnologies 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 California Nanotechnologies - 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 California Nanotechnologies Corp to buy it.
The correlation of California Nanotechnologies 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 California Nanotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Nanotechnologies 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 California Nanotechnologies 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, which includes a position in California Nanotechnologies Corp. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for California Stock analysis
When running California Nanotechnologies' price analysis, check to measure California Nanotechnologies' 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 California Nanotechnologies is operating at the current time. Most of California Nanotechnologies' value examination focuses on studying past and present price action to predict the probability of California Nanotechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Nanotechnologies' price. Additionally, you may evaluate how the addition of California Nanotechnologies to your portfolios can decrease your overall portfolio volatility.
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