Canso Credit Trust Stock Return On Equity
| PBY-UN Stock | CAD 15.60 0.02 0.13% |
Canso Credit Trust fundamentals help investors to digest information that contributes to Canso Credit's financial success or failures. It also enables traders to predict the movement of Canso Stock. The fundamental analysis module provides a way to measure Canso Credit's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canso Credit stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.04 | 0.07 |
Canso | Return On Equity |
Canso Credit Trust Company Return On Equity Analysis
Canso Credit's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Canso Credit Return On Equity | 0.0652 |
Most of Canso Credit's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canso Credit Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canso Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Canso Credit is extremely important. It helps to project a fair market value of Canso Stock properly, considering its historical fundamentals such as Return On Equity. Since Canso Credit's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canso Credit's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canso Credit's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Canso Total Stockholder Equity
Total Stockholder Equity |
|
Canso Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canso Credit's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canso Credit could also be used in its relative valuation, which is a method of valuing Canso Credit by comparing valuation metrics of similar companies.Canso Credit is currently under evaluation in return on equity category among its peers.
Canso Credit Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canso Credit from analyzing Canso Credit's financial statements. These drivers represent accounts that assess Canso Credit's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canso Credit's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 176.5M | 149.3M | 336.6M | (12.1M) | 132.6M | 206.0M | |
| Enterprise Value | 156.0M | 175.2M | 329.4M | (21.8M) | 132.4M | 205.2M |
Canso Fundamentals
| Current Valuation | 168.91 M | |||
| Shares Outstanding | 13.14 M | |||
| Shares Owned By Insiders | 27.24 % | |||
| Shares Owned By Institutions | 11.00 % | |||
| Revenue | 11.81 M | |||
| EBITDA | 6.11 M | |||
| Net Income | 6.11 M | |||
| Total Debt | 53.15 M | |||
| Cash Flow From Operations | 850.5 K | |||
| Beta | 0.19 | |||
| Market Capitalization | 225.45 M | |||
| Total Asset | 192.07 M | |||
| Net Asset | 192.07 M |
About Canso Credit Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canso Credit Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canso Credit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canso Credit Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with Canso Stock
The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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.Other Information on Investing in Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.