Mcan Mortgage Stock Today
| MKP Stock | CAD 15.57 0.09 0.58% |
Performance0 of 100
| Odds Of DistressLess than 5
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MCAN Mortgage is selling at 15.57 as of the 20th of April 2024; that is 0.58% increase since the beginning of the trading day. The stock's open price was 15.48. MCAN Mortgage has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for MCAN Mortgage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2022 and ending today, the 20th of April 2024. Click here to learn more.
Business Domain Banks | Category Financial Services | Classification Financials |
MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada. MCAN MORTGAGE operates under Specialty Finance classification in Canada and is traded on Toronto Stock Exchange. The company has 37.83 M outstanding shares of which 1.03 M shares are now shorted by private and institutional investors with about 17.64 days to cover all short positions. More on MCAN Mortgage
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MCAN 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. MCAN Mortgage's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MCAN Mortgage or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | BSc CA | ||||
| Business Concentration | Thrifts & Mortgage Finance, Mortgage Finance, Financial Services, Financials, Thrifts & Mortgage Finance, Specialty Finance, Financial Services (View all Sectors) | ||||
MCAN Mortgage's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MCAN Mortgage's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MCAN Mortgage's financial leverage. It provides some insight into what part of MCAN Mortgage's total assets is financed by creditors.
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MCAN Mortgage (MKP) is traded on Toronto Exchange in Canada and employs 142 people. MCAN Mortgage is listed under Thrifts & Mortgage Finance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 585.62 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MCAN Mortgage's market, we take the total number of its shares issued and multiply it by MCAN Mortgage'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. MCAN Mortgage operates under Thrifts & Mortgage Finance sector and is part of Financials industry. The entity has 37.83 M outstanding shares of which 1.03 M shares are now shorted by private and institutional investors with about 17.64 days to cover all short positions.
MCAN Mortgage has accumulated about 78.21 M in cash with (59.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18.
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Ownership AllocationMCAN Mortgage secures a total of 37.83 Million outstanding shares. MCAN Mortgage owns 14.37 % of its outstanding shares held by insiders and 0.44 % owned by institutions. Please note that no matter how many assets the company retains, if the real value of the entity is less than the current market value, you may not be able to make money on it.
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MCAN Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of MCAN Mortgage jumping above the current price in 90 days from now is about 84.13%. The MCAN Mortgage probability density function shows the probability of MCAN Mortgage stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon MCAN Mortgage has a beta of 0.4929. This indicates as returns on the market go up, MCAN Mortgage average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MCAN Mortgage will be expected to be much smaller as well. Additionally, mCAN Mortgage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of MCAN Mortgage to move above the current price in 90 days from now is about 84.13 (This MCAN Mortgage probability density function shows the probability of MCAN Stock to fall within a particular range of prices over 90 days) .
MCAN Mortgage Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MCAN Mortgage market risk premium is the additional return an investor will receive from holding MCAN Mortgage 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 MCAN Mortgage. 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 MCAN Mortgage's alpha and beta are two of the key measurements used to evaluate MCAN Mortgage's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6365 | |||
| Semi Deviation | 1.05 | |||
| Standard Deviation | 0.9503 | |||
| Variance | 0.9031 |
MCAN Stock Against Markets
Picking the right benchmark for MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage is critical whether you are bullish or bearish towards MCAN Mortgage at a given time. Please also check how MCAN Mortgage's 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 MCAN Mortgage 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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MCAN Mortgage Corporate Directors
MCAN Mortgage corporate directors refer to members of a MCAN Mortgage board of directors. The board of directors generally takes responsibility for the MCAN Mortgage's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MCAN Mortgage's board members must vote for the resolution. The MCAN Mortgage board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Verna Cuthbert | Independent Director | Profile | |
| Karen Weaver | Independent Director | Profile | |
| Brydon Cruise | Independent Director | Profile | |
| Terrence Wright | Independent Director | Profile |
How to buy MCAN Stock?
Before investing in MCAN Mortgage, 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 MCAN Mortgage. To buy MCAN Mortgage stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MCAN Mortgage. 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 MCAN Mortgage stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage, 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 MCAN Mortgage?
The danger of trading MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MCAN Mortgage 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MCAN Mortgage. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for MCAN Stock analysis
When running MCAN Mortgage's price analysis, check to measure MCAN Mortgage'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 MCAN Mortgage is operating at the current time. Most of MCAN Mortgage's value examination focuses on studying past and present price action to predict the probability of MCAN Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MCAN Mortgage's price. Additionally, you may evaluate how the addition of MCAN Mortgage to your portfolios can decrease your overall portfolio volatility.
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