Canso Select Opportunities Stock Performance

CSOC-A Stock  CAD 2.25  0.00  0.00%   
The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canso Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canso Select is expected to be smaller as well. Canso Select Opportu has an expected return of -0.43%. Please make sure to confirm Canso Select Opportu information ratio, total risk alpha, kurtosis, as well as the relationship between the jensen alpha and skewness , to decide if Canso Select Opportu performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Canso Select Opportunities has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in May 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
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Closing Bell Canso Select Opportunities Corp Class B up on Tuesday - The Globe and Mail
04/11/2024
Begin Period Cash Flow89.2 K
  

Canso Select Relative Risk vs. Return Landscape

If you would invest  300.00  in Canso Select Opportunities on January 17, 2024 and sell it today you would lose (75.00) from holding Canso Select Opportunities or give up 25.0% of portfolio value over 90 days. Canso Select Opportunities is generating negative expected returns and assumes 2.3865% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than Canso, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Canso Select is expected to under-perform the market. In addition to that, the company is 3.82 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.15 per unit of volatility.

Canso Select Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canso Select's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canso Select Opportunities, and traders can use it to determine the average amount a Canso Select's 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 = -0.1811

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Estimated Market Risk

 2.39
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79% of assets are more volatile

Expected Return

 -0.43
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Most of other assets have higher returns

Risk-Adjusted Return

 -0.18
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Most of other assets perform better
Based on monthly moving average Canso Select is not performing at its full potential. However, 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 Canso Select by adding Canso Select to a well-diversified portfolio.

Canso Select Fundamentals Growth

Canso Stock prices reflect investors' perceptions of the future prospects and financial health of Canso Select, and Canso Select 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 Canso Stock performance.

About Canso Select Performance

To evaluate Canso Select Opportu 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 Canso Select 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 Canso 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 Canso Select Opportu market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Canso'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.
Canso Select Opportunities Corporation is a publicly owned hedge fund manager. Canso Select Opportunities Corporation was founded on February 16, 2018 and is based in Richmond Hill, Canada. CANSO SELECT operates under Asset Management classification in Canada and is traded on TSX Venture Exchange.

Things to note about Canso Select Opportu performance evaluation

Checking the ongoing alerts about Canso Select for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canso Select Opportu help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Canso Select Opportu generated a negative expected return over the last 90 days
Canso Select Opportu has high likelihood to experience some financial distress in the next 2 years
The company reported the revenue of 633.65 K. Net Loss for the year was (222.28 K) with loss before overhead, payroll, taxes, and interest of (809.62 K).
About 47.0% of the company shares are held by company insiders
Latest headline from news.google.com: Closing Bell Canso Select Opportunities Corp Class B up on Tuesday - The Globe and Mail
Evaluating Canso Select's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Canso Select's stock performance include:
  • Analyzing Canso Select's 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 Canso Select's stock is overvalued or undervalued compared to its peers.
  • Examining Canso Select's 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 Canso Select's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canso Select's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Canso Select's stock. These opinions can provide insight into Canso Select's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Canso Select's stock performance is not an exact science, and many factors can impact Canso Select's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canso Select Opportunities. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Canso Stock analysis

When running Canso Select's price analysis, check to measure Canso Select's 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 Canso Select is operating at the current time. Most of Canso Select's value examination focuses on studying past and present price action to predict the probability of Canso Select's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canso Select's price. Additionally, you may evaluate how the addition of Canso Select to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Canso Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canso Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canso Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.