California Nanotechnologies Corp Stock Performance
| CNO Stock | CAD 0.43 0.01 2.27% |
On a scale of 0 to 100, California Nanotechnologies holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0509, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning California Nanotechnologies are expected to decrease at a much lower rate. During the bear market, California Nanotechnologies is likely to outperform the market. Please check California Nanotechnologies' total risk alpha, expected short fall, period momentum indicator, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether California Nanotechnologies' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in California Nanotechnologies Corp are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, California Nanotechnologies showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Valeura, Cal Nano, Sienna at 52-Week Highs on News - Baystreet.ca | 02/21/2024 |
| Begin Period Cash Flow | 51.3 K | |
| Total Cashflows From Investing Activities | -85.8 K | |
| Free Cash Flow | 537.3 K |
California |
California Nanotechnologies Relative Risk vs. Return Landscape
If you would invest 28.00 in California Nanotechnologies Corp on January 19, 2024 and sell it today you would earn a total of 15.00 from holding California Nanotechnologies Corp or generate 53.57% return on investment over 90 days. California Nanotechnologies Corp is currently producing 0.8299% returns and takes up 5.3226% volatility of returns over 90 trading days. Put another way, 47% of traded stocks are less volatile than California, and 84% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
California Nanotechnologies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Nanotechnologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as California Nanotechnologies Corp, and traders can use it to determine the average amount a California Nanotechnologies' 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 = 0.1559
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Estimated Market Risk
| 5.32 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average California Nanotechnologies is performing at about 12% 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 California Nanotechnologies by adding it to a well-diversified portfolio.
California Nanotechnologies Fundamentals Growth
California Stock prices reflect investors' perceptions of the future prospects and financial health of California Nanotechnologies, and California Nanotechnologies 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 California Stock performance.
| Return On Asset | 0.22 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 18.64 M | ||||
| Shares Outstanding | 43.38 M | ||||
| 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 | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | 623.09 K | ||||
| Earnings Per Share | 0.03 X | ||||
| Total Asset | 1.04 M | ||||
| Retained Earnings | (4.26 M) | ||||
About California Nanotechnologies Performance
To evaluate California Nanotechnologies 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 California Nanotechnologies 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 California 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 California Nanotechnologies market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents California'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.California Nanotechnologies Corp. engages in the research, development, and production of nano-structured components and materials. It serves customers in aerospace, defense, automotive, medical, oil and gas, mining, sports and recreation, and other industries. CALIFORNIA NANOTECHNOLOGIES operates under Specialty Chemicals classification in Exotistan and is traded on Commodity Exchange.Things to note about California Nanotechnologies performance evaluation
Checking the ongoing alerts about California Nanotechnologies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for California Nanotechnologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| California Nanotechnologies is way too risky over 90 days horizon | |
| California Nanotechnologies has some characteristics of a very speculative penny stock | |
| California Nanotechnologies appears to be risky and price may revert if volatility continues | |
| The company has accumulated 1.18 M in total debt. California Nanotechnologies has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist California Nanotechnologies until it has trouble settling it off, either with new capital or with free cash flow. So, California Nanotechnologies' 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 California Nanotechnologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for California to invest in growth at high rates of return. When we think about California Nanotechnologies' use of debt, we should always consider it together with cash and equity. | |
| About 30.0% of the company shares are held by company insiders |
- Analyzing California Nanotechnologies' 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 California Nanotechnologies' stock is overvalued or undervalued compared to its peers.
- Examining California Nanotechnologies' 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 California Nanotechnologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of California Nanotechnologies' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of California Nanotechnologies' stock. These opinions can provide insight into California Nanotechnologies' potential for growth and whether the stock is currently undervalued or overvalued.
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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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