Canadian Spirit Resources Stock Buy Hold or Sell Recommendation
| SPI Stock | CAD 0.09 0.01 12.50% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Canadian Spirit Resources is 'Strong Sell'. Macroaxis provides Canadian Spirit buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SPI positions. The advice algorithm takes into account all of Canadian Spirit's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canadian Spirit's buy or sell advice are summarized below:
Real Value 0.0714 | Hype Value 0.09 | Market Value 0.09 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canadian Spirit Resources given historical horizon and risk tolerance towards Canadian Spirit. When Macroaxis issues a 'buy' or 'sell' recommendation for Canadian Spirit Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canadian |
Execute Canadian Spirit Buy or Sell Advice
The Canadian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canadian Spirit Resources. Macroaxis does not own or have any residual interests in Canadian Spirit Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canadian Spirit's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canadian Spirit Trading Alerts and Improvement Suggestions
| Canadian Spirit had very high historical volatility over the last 90 days | |
| Canadian Spirit has some characteristics of a very speculative penny stock | |
| Canadian Spirit has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 284.01 K. Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (162.7 K). | |
| Canadian Spirit Resources has accumulated about 1.65 M in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 63.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Exploring Secure Energy Services Among Top 3 Canadian Dividend Stocks - Simply Wall St |
Canadian Spirit Returns Distribution Density
The distribution of Canadian Spirit's historical returns is an attempt to chart the uncertainty of Canadian Spirit's future price movements. The chart of the probability distribution of Canadian Spirit daily returns describes the distribution of returns around its average expected value. We use Canadian Spirit Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canadian Spirit returns is essential to provide solid investment advice for Canadian Spirit.
| Mean Return | 0.87 | Value At Risk | -11.11 | Potential Upside | 14.29 | Standard Deviation | 7.29 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canadian Spirit historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canadian Spirit Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (1.3M) | 685.1K | (42.0K) | (512.5K) | (461.3K) | (438.2K) | |
| Depreciation | 3.1M | 339.9K | 296.1K | 322.7K | 290.5K | 275.9K | |
| Capital Expenditures | 179.8K | 344.7K | 111.5K | 369.7K | 332.7K | 316.1K | |
| Net Income | (1.4M) | (2.0M) | (1.1M) | (1.8M) | (2.1M) | (2.2M) | |
| Change To Netincome | 3.4M | (111.3K) | 77.9K | 109.5K | 98.6K | 93.7K | |
| Investments | (126.9K) | (112.4K) | (470.6K) | (221.3K) | (254.5K) | (267.2K) | |
| End Period Cash Flow | 639.7K | 1.3M | 1.3M | 770.3K | 693.3K | 1.1M | |
| Free Cash Flow | (1.2M) | (795.4K) | (1.2M) | (1.7M) | (1.5M) | (1.6M) | |
| Other Non Cash Items | (209.1K) | 9.6K | 32.6K | (94.3K) | (84.9K) | (80.7K) |
Canadian Spirit Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canadian Spirit or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canadian Spirit's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canadian stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.92 | |
β | Beta against NYSE Composite | -0.74 | |
σ | Overall volatility | 6.03 | |
Ir | Information ratio | 0.11 |
Canadian Spirit Volatility Alert
Canadian Spirit Resources is showing large volatility of returns over the selected time horizon. Canadian Spirit Resources is a penny stock. Although Canadian Spirit may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Canadian Spirit Resources. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Canadian instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canadian Spirit Fundamentals Vs Peers
Comparing Canadian Spirit's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canadian Spirit's direct or indirect competition across all of the common fundamentals between Canadian Spirit and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canadian Spirit or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canadian Spirit's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canadian Spirit by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canadian Spirit to competition |
| Fundamentals | Canadian Spirit | Peer Average |
| Return On Equity | -0.0592 | -0.31 |
| Return On Asset | -0.032 | -0.14 |
| Operating Margin | (4.15) % | (5.51) % |
| Current Valuation | 23.24 M | 16.62 B |
| Shares Outstanding | 278.18 M | 571.82 M |
| Shares Owned By Insiders | 63.21 % | 10.09 % |
| Number Of Shares Shorted | 32 | 4.71 M |
| Price To Earning | (0.55) X | 28.72 X |
| Price To Book | 0.61 X | 9.51 X |
| Price To Sales | 41.04 X | 11.42 X |
| Revenue | 284.01 K | 9.43 B |
| Gross Profit | (162.7 K) | 27.38 B |
| EBITDA | (1.47 M) | 3.9 B |
| Net Income | (1.83 M) | 570.98 M |
| Cash And Equivalents | 1.65 M | 2.7 B |
| Cash Per Share | 0.01 X | 5.01 X |
| Total Debt | 45.68 K | 5.32 B |
| Debt To Equity | 0.10 % | 48.70 % |
| Current Ratio | 14.46 X | 2.16 X |
| Book Value Per Share | 0.13 X | 1.93 K |
| Cash Flow From Operations | (1.33 M) | 971.22 M |
| Short Ratio | 0.10 X | 4.00 X |
| Earnings Per Share | (0.01) X | 3.12 X |
| Target Price | 0.15 | |
| Beta | 1.76 | -0.15 |
| Market Capitalization | 23.65 M | 19.03 B |
| Total Asset | 39.27 M | 29.47 B |
| Retained Earnings | (95.94 M) | 9.33 B |
| Working Capital | 259.57 K | 1.48 B |
| Net Asset | 39.27 M |
Canadian Spirit Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canadian . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.13 | |||
| Day Median Price | 0.09 | |||
| Day Typical Price | 0.09 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
About Canadian Spirit Buy or Sell Advice
When is the right time to buy or sell Canadian Spirit Resources? Buying financial instruments such as Canadian Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2023 | 2024 (projected) | Other Current Liabilities | 500.0K | 412.8K | Total Assets | 35.3M | 40.2M |
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In addition to having Canadian Spirit in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize High Yield ETFs Theme or any other thematic opportunities.
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Check out Canadian Spirit Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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When running Canadian Spirit's price analysis, check to measure Canadian Spirit'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 Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit'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 Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
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