Canadian Palladium Resources Stock Price on October 16, 2023
DCNNF Stock | USD 0.05 0 4.78% |
If you're considering investing in Canadian Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Canadian Palladium stands at 0.05, as last reported on the 4th of December, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day. Canadian Palladium secures Sharpe Ratio (or Efficiency) of -0.0091, which signifies that the company had a -0.0091% return per unit of risk over the last 3 months. Canadian Palladium Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Palladium's Standard Deviation of 12.26, mean deviation of 8.23, and Risk Adjusted Performance of 0.0055 to double-check the risk estimate we provide.
Canadian Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Canadian |
Sharpe Ratio = -0.0091
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Estimated Market Risk
12.43 actual daily | 96 96% of assets are less volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canadian Palladium 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 Canadian Palladium by adding Canadian Palladium to a well-diversified portfolio.
Canadian Palladium Valuation on October 16, 2023
It is possible to determine the worth of Canadian Palladium on a given historical date. On October 16, 2023 Canadian was worth 0.23 at the beginning of the trading date compared to the closed value of 0.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian Palladium pink sheet. Still, in general, we apply an absolute valuation method to find Canadian Palladium'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 Canadian Palladium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian Palladium's related companies.
Open | High | Low | Close | Volume | |
0.24 | 0.25 | 0.24 | 0.25 | 500.00 | |
10/16/2023 | 0.23 | 0.23 | 0.23 | 0.23 | 255.00 |
0.20 | 0.23 | 0.20 | 0.20 | 5,300 |
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Canadian Palladium Trading Date Momentum on October 16, 2023
On October 17 2023 Canadian Palladium Resources was traded for 0.20 at the closing time. The highest daily price throughout the period was 0.23 and the lowest price was 0.20 . The daily volume was 5.3 K. The net trading volume on 10/17/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 13.04% . The overall trading delta to current closing price is 52.17% . |
Canadian Palladium Fundamentals Correlations and Trends
By evaluating Canadian Palladium'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 Canadian Palladium's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canadian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canadian Palladium Pink Sheet history
Canadian Palladium 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 Canadian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Palladium 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 Canadian Palladium stock prices may prove useful in developing a viable investing in Canadian Palladium
Canadian Palladium Resources Inc. engages in the acquisition and exploration of resource properties in North America and Europe. Canadian Palladium Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada. 21C Metals is traded on OTC Exchange in the United States.
Canadian Palladium Pink Sheet Technical Analysis
Canadian Palladium technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Canadian Palladium Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Canadian Palladium Resources cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Canadian Palladium December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Canadian Palladium pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Palladium shares will generate the highest return on investment. By undertsting and applying Canadian Palladium pink sheet market strength indicators, traders can identify Canadian Palladium Resources entry and exit signals to maximize returns
Canadian Palladium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canadian Palladium's price direction in advance. Along with the technical and fundamental analysis of Canadian Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canadian 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 | 0.0055 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (1.73) | |||
Treynor Ratio | 0.1375 |
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Volume Indicators |
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Palladium's price analysis, check to measure Canadian Palladium'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 Canadian Palladium is operating at the current time. Most of Canadian Palladium's value examination focuses on studying past and present price action to predict the probability of Canadian Palladium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Palladium's price. Additionally, you may evaluate how the addition of Canadian Palladium to your portfolios can decrease your overall portfolio volatility.
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