Canna Global Acquisition Price on December 11, 2023
CNGLDelisted Stock | USD 11.41 0.40 3.63% |
If you're considering investing in Canna Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canna Global stands at 11.41, as last reported on the 13th of December 2024, with the highest price reaching 11.41 and the lowest price hitting 10.96 during the day. We have found thirty technical indicators for Canna Global Acquisition, which you can use to evaluate the volatility of the firm. Please confirm Canna Global's Mean Deviation of 0.39, risk adjusted performance of 0.0454, and Downside Deviation of 1.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
Canna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Canna Global 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 Canna Global by adding Canna Global to a well-diversified portfolio.
Canna Global Valuation on December 11, 2023
It is possible to determine the worth of Canna Global on a given historical date. On December 11, 2023 Canna was worth 10.86 at the beginning of the trading date compared to the closed value of 10.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canna Global stock. Still, in general, we apply an absolute valuation method to find Canna Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canna Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canna Global's related companies.
Open | High | Low | Close | Volume | |
10.78 | 10.78 | 10.78 | 10.78 | 1.00 | |
12/11/2023 | 10.86 | 10.90 | 10.86 | 10.86 | 121,700 |
10.90 | 10.90 | 10.84 | 10.84 | 25,800 |
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Canna Global Trading Date Momentum on December 11, 2023
On December 12 2023 Canna Global Acquisition was traded for 10.84 at the closing time. The top price for the day was 10.90 and the lowest listed price was 10.84 . The trading volume for the day was 25.8 K. The trading history from December 12, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.18% . The overall trading delta against the current closing price is 0.28% . |
Canna Global Acquisition Fundamentals Correlations and Trends
By evaluating Canna Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canna Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canna Global Stock history
Canna Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canna Global Acquisition will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canna Global stock prices may prove useful in developing a viable investing in Canna Global
Canna-Global Acquisition Corp intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Marina Del Rey, California. Canna-Global Acquisition is traded on NASDAQ Exchange in the United States.
Canna Global Stock Technical Analysis
Canna Global 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Canna Global Period Price Range
Low | December 13, 2024
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0.00 | 0.00 |
Canna Global Acquisition cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Canna Global December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Canna Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canna Global shares will generate the highest return on investment. By undertsting and applying Canna Global stock market strength indicators, traders can identify Canna Global Acquisition entry and exit signals to maximize returns
Canna Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canna Global's price direction in advance. Along with the technical and fundamental analysis of Canna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canna to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0454 | |||
Jensen Alpha | 0.0771 | |||
Total Risk Alpha | (0.09) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | (0.16) |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in Canna Stock
If you are still planning to invest in Canna Global Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canna Global's history and understand the potential risks before investing.
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