Canex Metals Stock Technical Analysis
| NOMNF Stock | USD 0.24 0.01 4.00% |
As of the 3rd of February, CANEX Metals shows the Semi Deviation of 7.67, coefficient of variation of 422.75, and Mean Deviation of 9.33. Concerning fundamental indicators, the technical analysis model gives you tools to check possible technical drivers of CANEX Metals, as well as the relationship between them. Please confirm CANEX Metals treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if CANEX Metals is priced adequately, providing market reflects its regular price of 0.24 per share. As CANEX Metals appears to be a penny stock we also recommend to validate its total risk alpha numbers.
CANEX Metals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CANEX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CANEXCANEX |
CANEX Metals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CANEX Metals' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CANEX Metals.
| 11/05/2025 |
| 02/03/2026 |
If you would invest 0.00 in CANEX Metals on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding CANEX Metals or generate 0.0% return on investment in CANEX Metals over 90 days. CANEX Metals is related to or competes with GMV Minerals, Delta Resources, Visible Gold, Irving Resources, Klondike Gold, and Goldbank Mining. CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties More
CANEX Metals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CANEX Metals' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CANEX Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.57 | |||
| Information Ratio | 0.2329 | |||
| Maximum Drawdown | 110.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 30.0 |
CANEX Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CANEX Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CANEX Metals' standard deviation. In reality, there are many statistical measures that can use CANEX Metals historical prices to predict the future CANEX Metals' volatility.| Risk Adjusted Performance | 0.1829 | |||
| Jensen Alpha | 3.73 | |||
| Total Risk Alpha | 2.68 | |||
| Sortino Ratio | 0.1839 | |||
| Treynor Ratio | (1.94) |
CANEX Metals February 3, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1829 | |||
| Market Risk Adjusted Performance | (1.93) | |||
| Mean Deviation | 9.33 | |||
| Semi Deviation | 7.67 | |||
| Downside Deviation | 19.57 | |||
| Coefficient Of Variation | 422.75 | |||
| Standard Deviation | 15.46 | |||
| Variance | 238.86 | |||
| Information Ratio | 0.2329 | |||
| Jensen Alpha | 3.73 | |||
| Total Risk Alpha | 2.68 | |||
| Sortino Ratio | 0.1839 | |||
| Treynor Ratio | (1.94) | |||
| Maximum Drawdown | 110.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 30.0 | |||
| Downside Variance | 383.09 | |||
| Semi Variance | 58.81 | |||
| Expected Short fall | (22.90) | |||
| Skewness | 1.59 | |||
| Kurtosis | 6.86 |
CANEX Metals Backtested Returns
CANEX Metals is out of control given 3 months investment horizon. CANEX Metals secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.71% are justified by taking the suggested risk. Use CANEX Metals Coefficient Of Variation of 422.75, mean deviation of 9.33, and Semi Deviation of 7.67 to evaluate company specific risk that cannot be diversified away. CANEX Metals holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.88, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CANEX Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, CANEX Metals is expected to outperform it. Use CANEX Metals treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to analyze future returns on CANEX Metals.
Auto-correlation | 0.71 |
Good predictability
CANEX Metals has good predictability. Overlapping area represents the amount of predictability between CANEX Metals time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CANEX Metals price movement. The serial correlation of 0.71 indicates that around 71.0% of current CANEX Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CANEX Metals technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
CANEX Metals Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Normalized Average True Range is used to analyze tradable apportunities for CANEX Metals across different markets.
About CANEX Metals Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of CANEX Metals on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of CANEX Metals based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CANEX Metals price pattern first instead of the macroeconomic environment surrounding CANEX Metals. By analyzing CANEX Metals's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of CANEX Metals's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to CANEX Metals specific price patterns or momentum indicators. Please read more on our technical analysis page.
CANEX Metals February 3, 2026 Technical Indicators
Most technical analysis of CANEX help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CANEX from various momentum indicators to cycle indicators. When you analyze CANEX charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1829 | |||
| Market Risk Adjusted Performance | (1.93) | |||
| Mean Deviation | 9.33 | |||
| Semi Deviation | 7.67 | |||
| Downside Deviation | 19.57 | |||
| Coefficient Of Variation | 422.75 | |||
| Standard Deviation | 15.46 | |||
| Variance | 238.86 | |||
| Information Ratio | 0.2329 | |||
| Jensen Alpha | 3.73 | |||
| Total Risk Alpha | 2.68 | |||
| Sortino Ratio | 0.1839 | |||
| Treynor Ratio | (1.94) | |||
| Maximum Drawdown | 110.11 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 30.0 | |||
| Downside Variance | 383.09 | |||
| Semi Variance | 58.81 | |||
| Expected Short fall | (22.90) | |||
| Skewness | 1.59 | |||
| Kurtosis | 6.86 |
CANEX Metals February 3, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as CANEX stock. With literally thousands of 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.
| Accumulation Distribution | 6,875 | ||
| Daily Balance Of Power | (0.33) | ||
| Rate Of Daily Change | 0.96 | ||
| Day Median Price | 0.22 | ||
| Day Typical Price | 0.23 | ||
| Price Action Indicator | 0.01 |
Complementary Tools for CANEX Pink Sheet analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.
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