Canoo Stock Performance

GOEV
 Stock
  

USD 1.73  0.14  7.49%   

The firm shows a Beta (market volatility) of 0.3322, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Canoo's beta means in this case. As returns on the market increase, Canoo returns are expected to increase less than the market. However, during the bear market, the loss on holding Canoo will be expected to be smaller as well. Even though it is essential to pay attention to Canoo Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Canoo Inc exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Canoo Inc has an expected return of -0.17%. Please be advised to confirm Canoo Inc treynor ratio, as well as the relationship between the semi variance and daily balance of power to decide if Canoo Inc performance from the past will be repeated at some point in the near future.
  
Canoo Performance
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Over the last 90 days Canoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest conflicting performance, the Stock's technical and fundamental indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more

Canoo Price Channel

Quick Ratio0.82
Fifty Two Week Low1.7500
Target High Price17.00
Fifty Two Week High13.3500
Target Low Price7.00

Canoo Relative Risk vs. Return Landscape

If you would invest  243.00  in Canoo Inc on July 7, 2022 and sell it today you would lose (70.00)  from holding Canoo Inc or give up 28.81% of portfolio value over 90 days. Canoo Inc is currently does not generate positive expected returns and assumes 9.2783% risk (volatility on return distribution) over the 90 days horizon. In different words, 80% of stocks are less volatile than Canoo, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Canoo is expected to under-perform the market. In addition to that, the company is 7.49 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of volatility.

Canoo Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoo's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canoo Inc, and traders can use it to determine the average amount a Canoo'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 = -0.0184

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Negative ReturnsGOEV
Estimated Market Risk
 9.28
  actual daily
 
 80 %
of total potential
 
8080
Expected Return
 -0.17
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 0 %
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Risk-Adjusted Return
 -0.02
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Based on monthly moving average Canoo is performing at about 0% 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 Canoo by adding it to a well-diversified portfolio.

About Canoo Performance

To evaluate Canoo Inc 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 Canoo 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 Canoo 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 Canoo Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Canoo'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.
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. Canoo operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 805 people.

Things to note about Canoo Inc

Checking the ongoing alerts about Canoo for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canoo Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Canoo Alerts

Equity Alerts and Improvement Suggestions

Canoo Inc generated a negative expected return over the last 90 days
Canoo Inc has high historical volatility and very poor performance
Canoo Inc may become a speculative penny stock
The company reported the previous year's revenue of 2.55 M. Net Loss for the year was (456.91 M) with profit before overhead, payroll, taxes, and interest of 1.88 M.
Canoo Inc currently holds about 109.25 M in cash with (367.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.45.
Roughly 22.0% of the company shares are held by company insiders
Latest headline from seekingalpha.com: Lucid Group, Lordstown Motors among losers as EV stocks lags on Thursday - Seeking Alpha
Please check Risk vs Return Analysis. Note that the Canoo Inc information on this page should be used as a complementary analysis to other Canoo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Canoo Inc price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.
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Is Canoo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canoo Inc is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo's value that differs from its market value or its book value, called intrinsic value, which is Canoo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo's market value can be influenced by many factors that don't directly affect Canoo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo's value and its price as these two are different measures arrived at by different means. Investors typically determine Canoo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo'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.