Canoo Holdings Stock Performance
| GOEVW Stock | USD 0.02 0 8.68% |
The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canoo Holdings are expected to decrease at a much lower rate. During the bear market, Canoo Holdings is likely to outperform the market. At this point, Canoo Holdings has a negative expected return of -0.98%. Please make sure to confirm Canoo Holdings' jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Canoo Holdings performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Canoo Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | Acquisition by Tony Aquila of 5599104 shares of Canoo Holdings at 0.67 subject to Rule 16b-3 | 09/06/2024 |
2 | Canoo Inc. Advances While Market Declines Some Information for Investors - Yahoo Finance | 09/18/2024 |
3 | Disposition of 992 shares by Ramesh Murthy of Canoo Holdings at 0.7 subject to Rule 16b-3 | 10/11/2024 |
4 | Wall Street Bulls Look Optimistic About Canoo Should You Buy - Yahoo Finance | 10/21/2024 |
5 | Brokers Suggest Investing in Canoo Read This Before Placing a Bet - Yahoo Finance | 11/06/2024 |
6 | Disposition of 912 shares by Hector Ruiz of Canoo Holdings at 0.25 subject to Rule 16b-3 | 11/14/2024 |
7 | Canoo Announces Adjournment of Annual Meeting - Yahoo Finance | 11/22/2024 |
| Begin Period Cash Flow | 40 M |
Canoo |
Canoo Holdings Relative Risk vs. Return Landscape
If you would invest 5.10 in Canoo Holdings on August 31, 2024 and sell it today you would lose (3.10) from holding Canoo Holdings or give up 60.78% of portfolio value over 90 days. Canoo Holdings is currently producing negative expected returns and takes up 9.7921% volatility of returns over 90 trading days. Put another way, 87% of traded stocks are less volatile than Canoo, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Canoo Holdings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoo Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canoo Holdings, and traders can use it to determine the average amount a Canoo Holdings' 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 = -0.1002
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| Negative Returns | GOEVW |
Estimated Market Risk
| 9.79 actual daily | 87 87% of assets are less volatile |
Expected Return
| -0.98 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canoo Holdings 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 Holdings by adding Canoo Holdings to a well-diversified portfolio.
Canoo Holdings Fundamentals Growth
Canoo Stock prices reflect investors' perceptions of the future prospects and financial health of Canoo Holdings, and Canoo Holdings 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.
| Return On Equity | -0.73 | |||
| Return On Asset | -0.25 | |||
| Operating Margin | (48.41) % | |||
| Revenue | 886 K | |||
| EBITDA | (282.64 M) | |||
| Net Income | (302.02 M) | |||
| Cash And Equivalents | 148.84 M | |||
| Cash Per Share | 5.71 X | |||
| Total Debt | 89.99 M | |||
| Debt To Equity | 0.13 % | |||
| Current Ratio | 10.22 X | |||
| Book Value Per Share | 2.44 X | |||
| Cash Flow From Operations | (251.13 M) | |||
| Market Capitalization | 2.25 B | |||
| Total Asset | 542 M | |||
| Retained Earnings | (1.48 B) | |||
| Working Capital | (165.96 M) | |||
About Canoo Holdings Performance
Evaluating Canoo Holdings' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Canoo Holdings has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Canoo Holdings has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 138.49 | 145.41 | |
| Return On Tangible Assets | (0.56) | (0.59) | |
| Return On Capital Employed | (0.75) | (0.79) | |
| Return On Assets | (0.56) | (0.59) | |
| Return On Equity | (1.21) | (1.15) |
Things to note about Canoo Holdings performance evaluation
Checking the ongoing alerts about Canoo Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canoo Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canoo Holdings generated a negative expected return over the last 90 days | |
| Canoo Holdings has high historical volatility and very poor performance | |
| Canoo Holdings has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 886 K. Net Loss for the year was (302.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canoo Holdings has accumulated about 148.84 M in cash with (251.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.71, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canoo Announces Adjournment of Annual Meeting - Yahoo Finance |
- Analyzing Canoo Holdings' 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 Holdings' stock is overvalued or undervalued compared to its peers.
- Examining Canoo Holdings' 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 Holdings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canoo Holdings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canoo Holdings' stock. These opinions can provide insight into Canoo Holdings' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.