Canna-Global Acquisition Corp (CNGLU)

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Canna-Global Acquisition Corp (CNGLU) is up 0.0% since the beginning of the year. At $10 per share, CNGLU is currently trading at its 52-week high.

Canna-Global Acquisition Corp (CNGLU) has returned 0.00% so far this year and 0.00% over the past 12 months.

Based on dividend-adjusted daily data since Nov 30, 2021, CNGLU's average daily return is 0.00%, while the average monthly return is -0.01%.

Historically, 25% of months were positive and 75% were negative. The best month was Jul 2024 with a return of +3.9%, while the worst month was Sep 2024 at -8.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.

On a daily basis, CNGLU closed higher 6% of trading days. The best single day was Mar 8, 2023 with a return of +5.8%, while the worst single day was Sep 11, 2024 at -8.4%.

Canna-Global Acquisition Corp has an annualized alpha of -0.06%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 30, 2021.

• This stock tended to rise when S&P 500 Index fell (downside capture of -7.19%), but participation in market rallies was also limited (-3.66%) - a profile typical of counter-cyclical assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.00 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Canna-Global Acquisition Corp. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Canna-Global Acquisition Corp was 10.16%, occurring on Sep 11, 2024. The portfolio has not yet recovered.

The current Canna-Global Acquisition Corp drawdown is 10.16%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Canna-Global Acquisition Corp over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Canna-Global Acquisition Corp is priced in the market compared to other companies in the undefined industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.