Canadian Spirit Resources Stock Performance
| SPI Stock | CAD 0.08 0.00 0.00% |
Canadian Spirit holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canadian Spirit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Spirit is expected to be smaller as well. Use Canadian Spirit maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to analyze future returns on Canadian Spirit.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Canadian Spirit Resources are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Canadian Spirit showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Canadian Spirit Resources Inc. Reports Reduced Gas Production, Strategic Moves in Q2 Financial Results - BNN Breaking | 02/28/2024 |
2 | Closing Bell Canadian Spirit Resources Inc up on Friday - The Globe and Mail | 04/05/2024 |
3 | Exploring Secure Energy Services Among Top 3 Canadian Dividend Stocks - Simply Wall St | 04/11/2024 |
| Begin Period Cash Flow | 1.3 M |
Canadian |
Canadian Spirit Relative Risk vs. Return Landscape
If you would invest 5.00 in Canadian Spirit Resources on January 17, 2024 and sell it today you would earn a total of 3.00 from holding Canadian Spirit Resources or generate 60.0% return on investment over 90 days. Canadian Spirit Resources is currently producing 1.0129% returns and takes up 7.0755% volatility of returns over 90 trading days. Put another way, 62% of traded stocks are less volatile than Canadian, and 81% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Canadian Spirit Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Spirit's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canadian Spirit Resources, and traders can use it to determine the average amount a Canadian Spirit's 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 = 0.1432
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.08 actual daily | 62 62% of assets are less volatile |
Expected Return
| 1.01 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Canadian Spirit is performing at about 11% 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 Canadian Spirit by adding it to a well-diversified portfolio.
Canadian Spirit Fundamentals Growth
Canadian Stock prices reflect investors' perceptions of the future prospects and financial health of Canadian Spirit, and Canadian Spirit 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 Canadian Stock performance.
| Return On Equity | -0.0592 | ||||
| Return On Asset | -0.032 | ||||
| Operating Margin | (4.15) % | ||||
| Current Valuation | 21.85 M | ||||
| Shares Outstanding | 278.18 M | ||||
| Price To Earning | (0.55) X | ||||
| Price To Book | 0.61 X | ||||
| Price To Sales | 41.04 X | ||||
| Revenue | 284.01 K | ||||
| Gross Profit | (162.7 K) | ||||
| EBITDA | (1.47 M) | ||||
| Net Income | (1.83 M) | ||||
| Cash And Equivalents | 1.65 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 45.68 K | ||||
| Debt To Equity | 0.10 % | ||||
| Book Value Per Share | 0.13 X | ||||
| Cash Flow From Operations | (1.33 M) | ||||
| Earnings Per Share | (0.01) X | ||||
| Total Asset | 39.27 M | ||||
| Retained Earnings | (95.94 M) | ||||
About Canadian Spirit Performance
To evaluate Canadian Spirit Resources Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Canadian Spirit generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Canadian Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Canadian Spirit Resources market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Canadian's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. CANADIAN SPIRIT operates under Oil Gas EP classification in Canada and is traded on TSX Venture Exchange.Things to note about Canadian Spirit Resources performance evaluation
Checking the ongoing alerts about Canadian Spirit for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canadian Spirit Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canadian Spirit is way too risky over 90 days horizon | |
| Canadian Spirit has some characteristics of a very speculative penny stock | |
| Canadian Spirit appears to be risky and price may revert if volatility continues | |
| 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 |
- Analyzing Canadian Spirit's 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 Canadian Spirit's stock is overvalued or undervalued compared to its peers.
- Examining Canadian Spirit's 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 Canadian Spirit's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canadian Spirit's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canadian Spirit's stock. These opinions can provide insight into Canadian Spirit's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Spirit 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. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Canadian Stock analysis
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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