Cano Health Stock Story


USD 5.84  0.22  3.63%   

As many millenniums are excited about healthcare space, it is only fair to outline Cano Health against current market trends. As we have suggested previously, Cano Health is beginning its slide as institutional investors shift to be more bearish due to the increased sector volatility. Plenty of the changes of the company stock price movements has been a rough indication of what is happening in the market overall. Persistent basic indicators of the company may also entail signals of long-standing gains for Cano Health institutional investors. The stock is still going through a very aggressive trading activities.
Published over two months ago
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Will Cano Health (NYSE:CANO) continue to slide in June?

This firm's average rating is Buy from 4 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Cano Health market sentiment investors' perception of the future value of Cano Health. Let us look at a few aspects of Cano Health technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Cano Health. In general, we focus on analyzing Cano Health stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cano Health's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Cano Health's intrinsic value. In addition to deriving basic predictive indicators for Cano Health, we also check how macroeconomic factors affect Cano Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cano Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Cano Health in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cano Health. Your research has to be compared to or analyzed against Cano Health's peers to derive any actionable benefits. When done correctly, Cano Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Cano Health.

How does Cano Health Stands against Peers?

Analyzing Cano Health competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Cano Health across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Cano Health Competition Details

How does Cano Health utilize its cash?

To perform a cash flow analysis of Cano Health, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Cano Health is receiving and how much cash it distributes out in a given period. The Cano Health cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Cano Health Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at (131.91 Million)

Acquisition by Armstrong David J of 4828 shares of Cano Health subject to Rule 16b-3

Legal trades by Cano Health insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Cano Health insider trading alert for grant of class a common stock by Armstrong David J, General Counsel Chief Compliance Officer and Secretary, on 7th of July 2022. This event was filed by Cano Health Inc with SEC on 2022-07-07. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Cano Health Standard Deviation

Cano Health has current Standard Deviation of 7.73. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.

Standard Deviation 
SQRT = Square root notation
V =   Variance of Cano Health returns

Cano Health has 50% chance to stay above $5.6 in the coming weeks

Expected Short fall just dropped to -6.36, may entail upcoming price decrease. Cano Health is displaying above-average volatility over the selected time horizon. Investors should scrutinize Cano Health independently to ensure intended market timing strategies are aligned with expectations about Cano Health volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cano Health's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cano Health's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Cano Health Implied Volatility

Cano Health's implied volatility exposes the market's sentiment of Cano Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cano Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cano Health stock will not fluctuate a lot when Cano Health's options are near their expiration.

Our Final Takeaway

Whereas some other entities in the medical care facilities industry are either recovering or due for a correction, Cano Health may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 30th of May 2022, we believe Cano Health is currently undervalued. It hyperactively responds to market trends and projects above average probability of distress in the next two years. Our up-to-date 90 days advice on the company is Cautious Hold.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Cano Health. Please refer to our Terms of Use for any information regarding our disclosure principles.

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