Cannindah Resources (Australia) Today
| CAE Stock | 0.06 0 3.77% |
Performance0 of 100
| Odds Of DistressOver 63
|
Cannindah Resources is selling for under 0.055 as of the 4th of May 2024; that is 3.77 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.055. Cannindah Resources has more than 63 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Cannindah Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of March 2024 and ending today, the 4th of May 2024. Click here to learn more.
Moving against Cannindah Stock
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| 0.8 | SFR | Sandfire Resources | PairCorr |
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| 0.74 | NST | Northern Star Resources | PairCorr |
Follow Valuation Odds of Bankruptcy
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Cannindah Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cannindah Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cannindah Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive CEO | LLB LLB |
| Business Concentration | Diversified Metals & Mining, Other Precious Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors) |
Cannindah Resources (CAE) is traded on Australian Securities Exchange in Australia and employs 2 people. Cannindah Resources is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 31.79 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cannindah Resources's market, we take the total number of its shares issued and multiply it by Cannindah Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cannindah Resources operates under Metals & Mining sector and is part of Materials industry. The entity has 578.08 M outstanding shares.
Cannindah Resources has accumulated about 659.36 K in cash with (1.26 M) of positive cash flow from operations.
Check Cannindah Resources Probability Of Bankruptcy
Ownership AllocationCannindah Resources holds a total of 578.08 Million outstanding shares. Cannindah Resources shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 87.15 percent of Cannindah Resources outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Cannindah Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cannindah Resources market risk premium is the additional return an investor will receive from holding Cannindah Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cannindah Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cannindah Resources' alpha and beta are two of the key measurements used to evaluate Cannindah Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.76 | |||
| Standard Deviation | 4.36 | |||
| Variance | 19.01 | |||
| Risk Adjusted Performance | (0.06) |
Cannindah Stock Against Markets
Picking the right benchmark for Cannindah Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cannindah Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cannindah Resources is critical whether you are bullish or bearish towards Cannindah Resources at a given time. Please also check how Cannindah Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cannindah Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cannindah Resources Corporate Executives
Elected by the shareholders, the Cannindah Resources' board of directors comprises two types of representatives: Cannindah Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cannindah. The board's role is to monitor Cannindah Resources' management team and ensure that shareholders' interests are well served. Cannindah Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cannindah Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
How to buy Cannindah Stock?
Before investing in Cannindah Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cannindah Resources. To buy Cannindah Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cannindah Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cannindah Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cannindah Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cannindah Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cannindah Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Cannindah Resources?
The danger of trading Cannindah Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cannindah Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cannindah Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cannindah Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cannindah Resources. 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. Note that the Cannindah Resources information on this page should be used as a complementary analysis to other Cannindah Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Cannindah Stock analysis
When running Cannindah Resources' price analysis, check to measure Cannindah Resources' 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 Cannindah Resources is operating at the current time. Most of Cannindah Resources' value examination focuses on studying past and present price action to predict the probability of Cannindah Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannindah Resources' price. Additionally, you may evaluate how the addition of Cannindah Resources to your portfolios can decrease your overall portfolio volatility.
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