Canacol Energy Stock Price on July 27, 2023
| CNNEF Stock | USD 2.71 0.04 1.45% |
If you're considering investing in Canacol OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canacol Energy stands at 2.71, as last reported on the 29th of November, with the highest price reaching 2.74 and the lowest price hitting 2.69 during the day. At this point, Canacol Energy is risky. Canacol Energy secures Sharpe Ratio (or Efficiency) of 0.0173, which signifies that the company had a 0.0173% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Canacol Energy, which you can use to evaluate the volatility of the firm. Please confirm Canacol Energy's Standard Deviation of 3.24, risk adjusted performance of (0.01), and Mean Deviation of 2.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.0567%.
Canacol OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Canacol |
Sharpe Ratio = 0.0173
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Estimated Market Risk
| 3.28 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Canacol Energy is performing at about 1% 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 Canacol Energy by adding it to a well-diversified portfolio.
Canacol Energy Valuation on July 27, 2023
It is possible to determine the worth of Canacol Energy on a given historical date. On July 27, 2023 Canacol was worth 8.14 at the beginning of the trading date compared to the closed value of 8.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canacol Energy otc stock. Still, in general, we apply an absolute valuation method to find Canacol Energy'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 Canacol Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canacol Energy's related companies.
| Open | High | Low | Close | Volume | |
| 8.05 | 8.07 | 8.05 | 8.07 | 6,100 | |
07/27/2023 | 8.14 | 8.14 | 8.14 | 8.14 | 181.00 |
| 8.05 | 8.08 | 8.05 | 8.08 | 3,602 |
| Backtest Canacol Energy | | | Canacol Energy History | | | Canacol Energy Valuation | Previous | Next |
Canacol Energy Trading Date Momentum on July 27, 2023
| On July 28 2023 Canacol Energy was traded for 8.08 at the closing time. The highest daily price throughout the period was 8.08 and the lowest price was 8.05 . The daily volume was 3.6 K. The net trading volume on 07/28/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.74% . The overall trading delta to current closing price is 2.83% . |
Canacol Energy Fundamentals Correlations and Trends
By evaluating Canacol Energy'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 Canacol Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canacol financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canacol Energy OTC Stock history
Canacol Energy 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 Canacol is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canacol Energy 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 Canacol Energy stock prices may prove useful in developing a viable investing in Canacol Energy
Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. The company was incorporated in 1970 and is headquartered in Calgary, Canada. Canacol Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 406 people.
Canacol Energy OTC Stock Technical Analysis
Canacol Energy technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Canacol Energy Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Canacol Energy cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX 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.
Canacol Energy November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Canacol Energy otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canacol Energy shares will generate the highest return on investment. By undertsting and applying Canacol Energy otc stock market strength indicators, traders can identify Canacol Energy entry and exit signals to maximize returns
Canacol Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canacol Energy's price direction in advance. Along with the technical and fundamental analysis of Canacol OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canacol 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 | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.05) |
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Complementary Tools for Canacol OTC Stock analysis
When running Canacol Energy's price analysis, check to measure Canacol Energy'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 Canacol Energy is operating at the current time. Most of Canacol Energy's value examination focuses on studying past and present price action to predict the probability of Canacol Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canacol Energy's price. Additionally, you may evaluate how the addition of Canacol Energy to your portfolios can decrease your overall portfolio volatility.
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