Canoe Eit Income Stock Buy Hold or Sell Recommendation
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Canoe EIT Income is 'Buy'. Macroaxis provides Canoe EIT buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EIT-UN positions.
Check out Canoe EIT Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Canoe and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Canoe EIT Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Canoe |
Execute Canoe EIT Buy or Sell Advice
The Canoe recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canoe EIT Income. Macroaxis does not own or have any residual interests in Canoe EIT Income or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canoe EIT's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canoe EIT Trading Alerts and Improvement Suggestions
| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. | |
| Latest headline from news.google.com: Canoe Financial Renews At-The-Market Equity Program for Canoe EIT Income Fund - GlobeNewswire |
Canoe EIT Returns Distribution Density
The distribution of Canoe EIT's historical returns is an attempt to chart the uncertainty of Canoe EIT's future price movements. The chart of the probability distribution of Canoe EIT daily returns describes the distribution of returns around its average expected value. We use Canoe EIT Income price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canoe EIT returns is essential to provide solid investment advice for Canoe EIT.
| Mean Return | 0.09 | Value At Risk | -0.65 | Potential Upside | 1.02 | Standard Deviation | 0.57 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canoe EIT 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.
Canoe EIT Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | (1.6M) | (695K) | (400K) | (993K) | (757K) | (794.9K) | |
| Change In Cash | (192.0M) | (123.4M) | 101.7M | (47.2M) | (83.5M) | (79.3M) | |
| Free Cash Flow | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Begin Period Cash Flow | 359.1M | 167.1M | 43.8M | 145.5M | 98.2M | 94.9M | |
| Other Cashflows From Financing Activities | 1.0M | 1.1M | 558K | 7.7M | (823K) | (781.9K) | |
| Other Non Cash Items | (404.1M) | (68.9M) | (588.0M) | (533K) | (237.5M) | (225.6M) | |
| Dividends Paid | 110.8M | 143.5M | 156.9M | 182.1M | 201.8M | 211.9M | |
| Total Cash From Operating Activities | (236.5M) | (9.4M) | (12.1M) | (50.1M) | (112.8M) | (107.1M) | |
| Net Income | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 137.9M | |
| Total Cash From Financing Activities | 48.5M | (115.9M) | 115.4M | 8.7M | 27.6M | 29.0M | |
| End Period Cash Flow | 167.1M | 43.8M | 145.5M | 98.2M | 14.8M | 14.0M | |
| Change To Netincome | 270.5M | (404.1M) | (68.9M) | (588.0M) | (529.2M) | (502.7M) | |
| Issuance Of Capital Stock | 159.9M | 29.6M | 272.2M | 184.1M | 231.0M | 187.3M |
Canoe EIT 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 Canoe EIT or Capital Markets 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 Canoe EIT'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 Canoe 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.
α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 0.57 | |
Ir | Information ratio | 0.1 |
Canoe EIT Volatility Alert
Canoe EIT Income exhibits very low volatility with skewness of 0.82 and kurtosis of 2.64. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canoe EIT'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 Canoe EIT'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.Canoe EIT Fundamentals Vs Peers
Comparing Canoe EIT'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 Canoe EIT's direct or indirect competition across all of the common fundamentals between Canoe EIT and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canoe EIT or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canoe EIT's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canoe EIT by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canoe EIT to competition |
| Fundamentals | Canoe EIT | Peer Average |
| Return On Equity | 0.17 | -0.31 |
| Return On Asset | 0.099 | -0.14 |
| Profit Margin | 0.87 % | (1.27) % |
| Operating Margin | 0.93 % | (5.51) % |
| Current Valuation | 2.94 B | 16.62 B |
| Shares Outstanding | 177.79 M | 571.82 M |
| Shares Owned By Institutions | 0.02 % | 39.21 % |
| Number Of Shares Shorted | 7.7 K | 4.71 M |
| Price To Earning | 6.16 X | 28.72 X |
| Price To Book | 1.06 X | 9.51 X |
| Price To Sales | 5.82 X | 11.42 X |
| Revenue | 172.47 M | 9.43 B |
| Gross Profit | 614.76 M | 27.38 B |
| EBITDA | 1.73 M | 3.9 B |
| Net Income | 124.73 M | 570.98 M |
| Cash And Equivalents | 98.55 M | 2.7 B |
| Cash Per Share | 0.82 X | 5.01 X |
| Total Debt | 95.99 M | 5.32 B |
| Debt To Equity | 0.30 % | 48.70 % |
| Current Ratio | 0.96 X | 2.16 X |
| Book Value Per Share | 13.94 X | 1.93 K |
| Cash Flow From Operations | (112.77 M) | 971.22 M |
| Short Ratio | 0.57 X | 4.00 X |
| Earnings Per Share | 0.74 X | 3.12 X |
| Number Of Employees | 93 | 18.84 K |
| Beta | 1.16 | -0.15 |
| Market Capitalization | 2.68 B | 19.03 B |
| Total Asset | 2.66 B | 29.47 B |
| Annual Yield | 0.09 % | |
| Five Year Return | 11.15 % | |
| Net Asset | 2.66 B |
Canoe EIT Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canoe . 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 Canoe EIT Buy or Sell Advice
When is the right time to buy or sell Canoe EIT Income? Buying financial instruments such as Canoe 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 Canoe EIT 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.Did You Try This Idea?
Run Business Supplies Thematic Idea Now
Business Supplies
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Business Supplies Theme or any other thematic opportunities.
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Other Information on Investing in Canoe Stock
Canoe EIT financial ratios help investors to determine whether Canoe Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canoe with respect to the benefits of owning Canoe EIT security.