Canoo Inc Stock Performance

GOEV Stock  USD 3.57  0.32  9.85%   
The firm shows a Beta (market volatility) of 2.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canoo will likely underperform. Canoo Inc right now shows a risk of 12.84%. Please confirm Canoo Inc semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Canoo Inc will be following its price patterns.

Risk-Adjusted Performance

0 of 100

 
Low
 
High
Very Weak
Over the last 90 days Canoo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable technical and fundamental indicators, Canoo is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more

Actual Historical Performance (%)

One Day Return
9.85
Five Day Return
(14.80)
Year To Date Return
(32.51)
Ten Year Return
(98.48)
All Time Return
(98.48)
Last Split Factor
1:23
Last Split Date
2024-03-08
1
Sale by Hector Ruiz of 912 shares of Canoo
01/04/2024
2
Best EV Stock 2024 QuantumScape Stock vs. Canoo Stock - Nasdaq
01/16/2024
3
Sale by Hector Ruiz of 745 shares of Canoo
02/09/2024
4
Canoo to Announce Fourth Quarter and Fiscal Year 2023 Financial Results
03/11/2024
5
Canoo stock price heres why GOEV shares are surging
03/18/2024
6
Canoo Stock A Short-Squeeze Target for EV Enthusiasts
03/19/2024
7
The Cost to Borrow Canoo Stock Is up 4,400 percent This Week
03/21/2024
8
Canoo Acquires Additional Advanced Manufacturing Assets at Deep Discounts
03/25/2024
9
Is a Surprise Coming for Canoo This Earnings Season
03/28/2024
Begin Period Cash Flow20.5 M
  

Canoo Relative Risk vs. Return Landscape

If you would invest  529.00  in Canoo Inc on December 30, 2023 and sell it today you would lose (172.00) from holding Canoo Inc or give up 32.51% of portfolio value over 90 days. Canoo Inc is currently generating 0.0722% in daily expected returns and assumes 12.8399% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Canoo, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Canoo is expected to generate 1.93 times less return on investment than the market. In addition to that, the company is 22.41 times more volatile than its market benchmark. It trades about 0.01 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 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 = 0.0056

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskGOEV
Negative Returns

Estimated Market Risk

 12.84
  actual daily
96
96% of assets are less volatile

Expected Return

 0.07
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Canoo 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 Canoo by adding Canoo to a well-diversified portfolio.

Canoo Fundamentals Growth

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

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.
Last ReportedProjected for 2024
Return On Capital Employed(1.64)(1.72)
Return On Assets(0.85)(0.89)
Return On Equity(2.27)(2.15)

Things to note about Canoo Inc performance evaluation

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 Inc had very high historical volatility over the last 90 days
Canoo Inc has a very high chance of going through financial distress in the upcoming years
The company currently holds 73.44 M in liabilities with Debt to Equity (D/E) ratio of 0.14, which may suggest the company is not taking enough advantage from borrowing. Canoo Inc has a current ratio of 0.38, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Canoo until it has trouble settling it off, either with new capital or with free cash flow. So, Canoo'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 Canoo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoo to invest in growth at high rates of return. When we think about Canoo's use of debt, we should always consider it together with cash and equity.
The entity reported the previous year's revenue of 519 K. Net Loss for the year was (353.81 M) with profit before overhead, payroll, taxes, and interest of 1.88 M.
Canoo Inc currently holds about 36.48 M in cash with (262.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Canoo Inc has a frail financial position based on the latest SEC disclosures
Latest headline from zacks.com: Is a Surprise Coming for Canoo This Earnings Season
Evaluating Canoo's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Canoo's stock performance include:
  • Analyzing Canoo'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 Canoo's stock is overvalued or undervalued compared to its peers.
  • Examining Canoo'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 Canoo's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canoo's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Canoo's stock. These opinions can provide insight into Canoo's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Canoo's stock performance is not an exact science, and many factors can impact Canoo'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.
When determining whether Canoo Inc is a strong investment it is important to analyze Canoo's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canoo's future performance. For an informed investment choice regarding Canoo Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
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 the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Canoo Stock analysis

When running Canoo's 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 the 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.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
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.
Earnings Share
(16.56)
Revenue Per Share
0.025
Return On Assets
(0.37)
Return On Equity
(1.80)
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 if Canoo is a good investment 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.