Charlottetown Canadian Tire shares its story of signs, social media, and the pay-it-forward spirit - Canadian Tire Corporation
| YAAA Stock | 104.80 0.30 0.29% |
Slightly above 61% of Canadian Tire's investor base is looking to short. The analysis of current outlook of investing in Canadian Tire Corp suggests that many traders are alarmed regarding Canadian Tire's prospects. Canadian Tire's investing sentiment can be driven by a variety of factors including economic data, Canadian Tire's earnings reports, geopolitical events, and overall market trends.
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Charlottetown Canadian Tire shares its story of signs, social media, and the pay-it-forward spirit Canadian Tire Corporation
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Canadian Tire Fundamental Analysis
We analyze Canadian Tire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Tire 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.
Annual Yield
Annual Yield Comparative Analysis
Canadian Tire is currently under evaluation in annual yield category among its peers. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Canadian Tire Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canadian Tire stock to make a market-neutral strategy. Peer analysis of Canadian Tire could also be used in its relative valuation, which is a method of valuing Canadian Tire by comparing valuation metrics with similar companies.
Peers
Canadian Tire Related Equities
| RYQ | Rayonier Advanced | 2.65 | ||||
| YRB | Yokohama Rubber | 1.98 | ||||
| MMX | Martin Marietta | 0.98 | ||||
| MUJ | Mitsubishi Materials | 0.69 | ||||
| 1NX | SANOK RUBBER | 0.39 | ||||
| A1G | American Airlines | 0.52 | ||||
| AP2 | Applied Materials | 0.86 |
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.