Should I Buy or Sell Canoo in 2024 | Stocks: GOEV - Macroaxis (2024)

Execute Canoo Buy or Sell Advice

The Canoo recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canoo Inc. Macroaxis does not own or have any residual interests in Canoo Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoo's advice using the current market data and latest reported fundamentals.

Cautious Hold

	Market Performance	Very Weak	Details
	Volatility	Dangerous	Details
	Hype Condition	Under hyped	Details
	Current Valuation	Undervalued	Details
	Odds Of Distress	Very High	Details
	Economic Sensitivity	Hyperactively responds to market trends	Details
	Investor Sentiment	Alarmed	Details
	Analyst Consensus	Strong Buy	Details
	Financial Strenth (F Score)	Poor	Details
	Financial Leverage	Not Rated	Details
	Reporting Quality (M-Score)	Unlikely Manipulator	Details

For the selected time horizon Canoo Inc has a Mean Deviation of 4.91, Standard Deviation of 6.49 and Variance of 42.15

We provide trade advice to complement the prevailing expert consensus on Canoo Inc. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Canoo is not overpriced, please confirm all Canoo Inc fundamentals, including its revenue, cash flow from operations, net asset, as well as the relationship between the cash per share and beta . Given that Canoo is a hitting penny stock territory we recommend to closely look at its number of shares shorted.

Canoo Trading Alerts and Improvement Suggestions

Canoo Returns Distribution Density

The distribution of Canoo's historical returns is an attempt to chart the uncertainty of Canoo's future price movements. The chart of the probability distribution of Canoo daily returns describes the distribution of returns around its average expected value. We use Canoo Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoo returns is essential to provide solid investment advice for Canoo.

Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canoo 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.

Canoo Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument, such as Canoo, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Canoo Inc back and forth among themselves.

Note, although Canoo's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Canoo Cash Flow Accounts

Canoo 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 Canoo or Automobiles 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 Canoo'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 Canoo 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.

Canoo Volatility Alert

Canoo Inc is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canoo's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canoo's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Canoo Implied Volatility

Canoo's implied volatility exposes the market's sentiment of Canoo Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canoo's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canoo stock will not fluctuate a lot when Canoo's options are near their expiration.

Canoo Fundamentals Vs Peers

Comparing Canoo'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 Canoo's direct or indirect competition across all of the common fundamentals between Canoo and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoo or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoo's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics with those of similar companies.

Note: Disposition of 2394 shares by Ramesh Murthy of Canoo at 0.55 subject to Rule 16b-3 [view details]

Canoo Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canoo . 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.

About Canoo Buy or Sell Advice

When is the right time to buy or sell Canoo Inc? Buying financial instruments such as Canoo 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.

Use Investing Ideas to Build Portfolios

In addition to having Canoo 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.

Additional Tools for Canoo Stock Analysis

When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.