Canada Stock Performance

GOOS
 Stock
  

USD 22.72  0.65  2.95%   

On a scale of 0 to 100, Canada Goose holds a performance score of 5. The firm shows a Beta (market volatility) of 1.8099, which signifies a somewhat significant risk relative to the market. Let's try to break down what Canada's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canada Goose will likely underperform. Although it is vital to follow Canada Goose Holdings historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Canada Goose Holdings technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of Canada Goose Holdings maximum drawdown, as well as the relationship between the skewness and day typical price to make a quick decision on whether Canada Goose price patterns will revert.
  
Canada Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Canada Goose Holdings are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile basic indicators, Canada Goose reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Canada Price Channel

Quick Ratio1.18
Fifty Two Week Low16.65
Target High Price29.87
Fifty Two Week High53.64
Target Low Price14.94

Canada Goose Relative Risk vs. Return Landscape

If you would invest  2,020  in Canada Goose Holdings on May 15, 2022 and sell it today you would earn a total of  252.00  from holding Canada Goose Holdings or generate 12.48% return on investment over 90 days. Canada Goose Holdings is currently generating 0.2537% in daily expected returns and assumes 3.6874% risk (volatility on return distribution) over the 90 days horizon. In different words, 32% of stocks are less volatile than Canada, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Canada Goose is expected to generate 2.9 times more return on investment than the market. However, the company is 2.9 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

Canada Goose Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canada Goose's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canada Goose Holdings, and traders can use it to determine the average amount a Canada Goose'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 = 0.0688

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Estimated Market Risk
 3.69
  actual daily
 
 32 %
of total potential
 
3232
Expected Return
 0.25
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.07
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average Canada Goose is performing at about 5% 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 Canada Goose by adding it to a well-diversified portfolio.

About Canada Goose Performance

To evaluate Canada Goose Holdings 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 Canada Goose 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 Canada 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 Canada Goose Holdings stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Canada'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.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-6.4 M-3.5 M
Return on Average Assets(0.006)  0.11 
Return on Average Equity(0.019)  0.22 
Return on Invested Capital 0.001  0.21 
Return on Sales 0.004  0.13 
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company was founded in 1957 and is headquartered in Toronto, Canada. Canada Goose operates under Apparel Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 4353 people.

Things to note about Canada Goose Holdings

Checking the ongoing alerts about Canada Goose for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canada Goose Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Canada Goose Alerts

Equity Alerts and Improvement Suggestions

Canada Goose has very high historical volatility over the last 90 days
Over 91.0% of the company shares are owned by institutional investors
Latest headline from www.marketscreener.com: UBS Maintains Neutral Rating, US20 Target on Canada Goose After Q1 - Marketscreener.com
Please check Risk vs Return Analysis. Note that the Canada Goose Holdings information on this page should be used as a complementary analysis to other Canada Goose's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Canada Goose Holdings price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
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Is Canada Goose's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canada Goose. If investors know Canada will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canada Goose listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.47
Market Capitalization
2.4 B
Quarterly Revenue Growth YOY
0.24
Return On Assets
0.0656
Return On Equity
0.2
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine Canada Goose value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.