Canadian Price To Free Cash Flows Ratio from 2010 to 2024
| CTC-A Stock | CAD 154.37 1.43 0.94% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 11.54940863 | Current Value 10.97 | Quarterly Volatility 32.11894373 |
Check Canadian Tire financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Tire's main balance sheet or income statement drivers, such as Depreciation And Amortization of 842.3 M, Interest Expense of 379.4 M or Total Revenue of 10.5 B, as well as many indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 0.0479 or PTB Ratio of 2.08. Canadian financial statements analysis is a perfect complement when working with Canadian Tire Valuation or Volatility modules.
Canadian | Price To Free Cash Flows Ratio |
Pair Trading with Canadian Tire
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Tire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Tire will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.52 | ONEX | Onex Corp | PairCorr |
| 0.49 | SU | Suncor Energy | PairCorr |
| 0.47 | X | TMX Group Limited | PairCorr |
| 0.41 | ENB | Enbridge | PairCorr |
The ability to find closely correlated positions to Canadian Tire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Tire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Tire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Tire to buy it.
The correlation of Canadian Tire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Tire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Canadian Stock Analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.