Cano Health Stock Story

CANO
 Stock
  

USD 6.06  0.08  1.30%   

Cano Health is currently generating 0.569% in daily expected returns and assumes 7.791% risk (volatility on return distribution) over the 60 days horizon. While some risk-seeking institutional investors are getting worried about healthcare space, it is reasonable to outline Cano Health as a possible investment alternative. We will cover the possibilities of Cano Health's current volatility to continue through July.
Published over two months ago
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Will institutional investors buy more of Cano Health in July?

This firm currently holds 1.07 B in liabilities with Debt to Equity (D/E) ratio of 1.33, which is about average as compared to similar companies. The company has a current ratio of 1.93, which is within standard range for the sector. Debt can assist Cano Health until it has trouble settling it off, either with new capital or with free cash flow. So, Cano Health's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cano Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cano Health to invest in growth at high rates of return. When we think about Cano Health's use of debt, we should always consider it together with cash and equity.
On a scale of 0 to 100, Cano Health holds a performance score of 5. The firm shows a Beta (market volatility) of 2.8634, which signifies a somewhat significant risk relative to the market. Let's try to break down what Cano Health's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cano Health will likely underperform. Although it is vital to follow Cano Health historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-seven technical indicators for Cano Health, which you can use to evaluate the performance of the firm. Please makes use of Cano Health treynor ratio, as well as the relationship between the semi variance and daily balance of power to make a quick decision on whether Cano Health price patterns will revert.
Volatility is a rate at which the price of Cano Health or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Cano Health may increase or decrease. In other words, similar to Cano Health's beta indicator, it measures the risk of Cano Health and helps estimate the fluctuations that may happen in a short period of time. So if prices of Cano Health fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Cano Health's Liquidity

Cano Health financial leverage refers to using borrowed capital as a funding source to finance Cano Health ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Cano Health financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Cano Health's total debt and its cash.

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)

Cano Health Volatility Drivers

Cano Health unsystematic risk is unique to Cano Health and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Cano Health you can also buy La-Z-Boy. You can also mitigate this risk by investing in the medical care facilities sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Cano Health important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Cano Health income statement and balance sheet. Here are more details about Cano Health volatility.
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