Cano Health Stock Technical Analysis
| CANO Stock | USD 0.24 0.01 4.35% |
As of the 19th of April, Cano Health shows the Risk Adjusted Performance of (0.07), standard deviation of 18.6, and Mean Deviation of 12.01. Cano Health technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Cano Health, which can be compared to its peers. Please confirm Cano Health variance and potential upside to decide if Cano Health is priced correctly, providing market reflects its regular price of 0.24 per share. As Cano Health appears to be a penny stock we also recommend to validate its jensen alpha numbers.
Cano Health Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cano, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanoCano |
Cano Health Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 1.2 | Hold | 2 | Odds |
Most Cano analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cano stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cano Health, talking to its executives and customers, or listening to Cano conference calls.
Cano Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Cano Health Technical Analysis
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Cano Health Trend Analysis
Use this graph to draw trend lines for Cano Health. You can use it to identify possible trend reversals for Cano Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cano Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cano Health Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cano Health applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Cano Health market price will keep on failing further. It has 122 observation points and a regression sum of squares at 99.89, which is the sum of squared deviations for the predicted Cano Health price change compared to its average price change.About Cano Health Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cano Health on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cano Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cano Health price pattern first instead of the macroeconomic environment surrounding Cano Health. By analyzing Cano Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cano Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cano Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0429 | 0.045 | Price To Sales Ratio | 0.13 | 0.12 |
Cano Health April 19, 2024 Technical Indicators
Most technical analysis of Cano help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cano from various momentum indicators to cycle indicators. When you analyze Cano charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | 10.74 | |||
| Mean Deviation | 12.01 | |||
| Coefficient Of Variation | (763.76) | |||
| Standard Deviation | 18.6 | |||
| Variance | 346.02 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (2.43) | |||
| Total Risk Alpha | (4.21) | |||
| Treynor Ratio | 10.73 | |||
| Maximum Drawdown | 99.98 | |||
| Value At Risk | (25.81) | |||
| Potential Upside | 34.5 | |||
| Skewness | (0.42) | |||
| Kurtosis | 3.48 |
Check out Trending Equities to better understand how to build diversified portfolios. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Cano Stock analysis
When running Cano Health's price analysis, check to measure Cano Health'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 Cano Health is operating at the current time. Most of Cano Health's value examination focuses on studying past and present price action to predict the probability of Cano Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cano Health's price. Additionally, you may evaluate how the addition of Cano Health to your portfolios can decrease your overall portfolio volatility.
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Is Cano Health'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 Cano Health. If investors know Cano 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 Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (228.47) | Revenue Per Share 1.2 K | Quarterly Revenue Growth 0.185 | Return On Assets (0.14) | Return On Equity (4.29) |
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health'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 Cano Health's market value can be influenced by many factors that don't directly affect Cano Health'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 Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health'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.