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CDR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    1.6525$
  • Previous Close
    1.6686$
  • 52 Week Change
    1.40$
  • Day Range
    -0.02$
  • 52 Week High/Low
    1.32$ - 2.72$
  • Dividend Per Share
    --
  • Market cap
    112 M$
  • EPS
    -0.01
  • Beta
    0.924
  • Volume
    --

About

CDR.TO represents Canadian Depositary Receipts tracking the performance of specific underlying stocks. It allows Canadian investors to gain exposure to international companies without directly dealing with foreign exchanges or currencies. For instance, a CDR might track the price of a popular US stock like Tesla or Apple, providing a Canadian dollar-denominated investment option.

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Factors

Canadian Depositary Receipts (CDRs) mirror underlying stocks traded in other currencies, so CDR.TO price is affected by: Underlying Stock Price: The primary driver. If the price of the reference stock rises/falls, the CDR price moves accordingly.

Exchange Rate: Conversion from the underlying currency impacts the CDR price. CAD/USD fluctuation is significant for US stock CDRs.

Supply and Demand: High demand pushes prices up, while increased selling pressure can lower them, independent of underlying stock.

Interest Rates: Changes can influence investor sentiment and valuation models for both the underlying stock and the CDR.

Market Sentiment: Overall market optimism or pessimism can affect the willingness of investors to buy or sell CDRs.

Company-Specific News: News regarding the underlying company (earnings, product launches, etc.) directly influences the CDR.

Economic Data: Broad economic indicators like GDP growth and inflation can affect investor risk appetite and asset valuations.

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