Canaccord Price To Sales Ratio vs Dividend Yield Analysis

CF Stock  CAD 10.90  0.02  0.18%   
Canaccord Genuity financial indicator trend analysis is way more than just evaluating Canaccord Genuity prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canaccord Genuity is a good investment. Please check the relationship between Canaccord Genuity Price To Sales Ratio and its Dividend Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaccord Genuity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Price To Sales Ratio vs Dividend Yield

Price To Sales Ratio vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canaccord Genuity Price To Sales Ratio account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Canaccord Genuity's Price To Sales Ratio and Dividend Yield is -0.32. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Canaccord Genuity Group, assuming nothing else is changed. The correlation between historical values of Canaccord Genuity's Price To Sales Ratio and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Canaccord Genuity Group are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Price To Sales Ratio i.e., Canaccord Genuity's Price To Sales Ratio and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Canaccord Genuity stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canaccord Genuity sales, a figure that is much harder to manipulate than other Canaccord Genuity Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Canaccord Genuity Group dividend as a percentage of Canaccord Genuity stock price. Canaccord Genuity dividend yield is a measure of Canaccord Genuity stock productivity, which can be interpreted as interest rate earned on an Canaccord Genuity investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Most indicators from Canaccord Genuity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canaccord Genuity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaccord Genuity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Canaccord Genuity's Tax Provision is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value Over EBITDA is likely to grow to 2.66, while Selling General Administrative is likely to drop about 120.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit695.0M477.4M535.6M481.0M
Total Revenue2.0B1.5B1.5B934.8M

Canaccord Genuity fundamental ratios Correlations

0.330.190.980.830.42-0.530.820.150.57-0.020.930.920.660.76-0.220.990.450.990.250.570.310.40.790.290.7
0.330.370.350.30.00.53-0.030.08-0.160.00.220.350.110.56-0.190.32-0.040.310.71-0.370.26-0.060.37-0.150.38
0.190.370.140.160.410.130.080.440.32-0.350.120.07-0.240.16-0.560.170.460.130.280.170.57-0.40.00.28-0.04
0.980.350.140.780.34-0.530.830.080.50.050.950.910.670.81-0.170.990.370.990.280.530.250.480.750.190.72
0.830.30.160.780.22-0.290.520.060.270.090.710.740.710.79-0.030.770.230.790.220.50.330.070.870.080.82
0.420.00.410.340.22-0.310.390.890.91-0.820.30.410.040.04-0.640.410.970.37-0.150.430.320.180.20.910.06
-0.530.530.13-0.53-0.29-0.31-0.860.0-0.62-0.03-0.67-0.39-0.38-0.10.0-0.56-0.41-0.570.38-0.73-0.03-0.45-0.22-0.35-0.15
0.82-0.030.080.830.520.39-0.860.070.640.010.930.670.510.46-0.120.850.480.86-0.020.640.20.510.480.330.4
0.150.080.440.080.060.890.00.070.65-0.98-0.010.21-0.07-0.13-0.550.130.840.1-0.090.140.20.030.120.830.01
0.57-0.160.320.50.270.91-0.620.640.65-0.580.510.510.160.1-0.550.570.910.54-0.220.640.270.320.220.840.08
-0.020.0-0.350.050.09-0.82-0.030.01-0.98-0.580.13-0.110.150.280.49-0.01-0.770.020.17-0.06-0.08-0.04-0.02-0.790.08
0.930.220.120.950.710.3-0.670.93-0.010.510.130.770.620.76-0.140.940.350.950.220.580.320.430.610.160.58
0.920.350.070.910.740.41-0.390.670.210.51-0.110.770.640.65-0.220.920.420.920.190.460.080.570.820.30.74
0.660.11-0.240.670.710.04-0.380.51-0.070.160.150.620.640.570.480.66-0.010.680.040.43-0.30.220.830.10.89
0.760.560.160.810.790.04-0.10.46-0.130.10.280.760.650.57-0.120.750.020.770.560.270.430.140.62-0.190.67
-0.22-0.19-0.56-0.17-0.03-0.640.0-0.12-0.55-0.550.49-0.14-0.220.48-0.12-0.21-0.69-0.18-0.1-0.21-0.68-0.180.16-0.40.3
0.990.320.170.990.770.41-0.560.850.130.57-0.010.940.920.660.75-0.210.441.00.260.560.270.450.750.280.68
0.45-0.040.460.370.230.97-0.410.480.840.91-0.770.350.42-0.010.02-0.690.440.41-0.170.470.390.240.180.890.01
0.990.310.130.990.790.37-0.570.860.10.540.020.950.920.680.77-0.181.00.410.250.560.250.480.760.240.7
0.250.710.280.280.22-0.150.38-0.02-0.09-0.220.170.220.190.040.56-0.10.26-0.170.25-0.350.46-0.180.09-0.250.14
0.57-0.370.170.530.50.43-0.730.640.140.64-0.060.580.460.430.27-0.210.560.470.56-0.350.210.20.380.380.3
0.310.260.570.250.330.32-0.030.20.20.27-0.080.320.08-0.30.43-0.680.270.390.250.460.21-0.26-0.070.09-0.18
0.4-0.06-0.40.480.070.18-0.450.510.030.32-0.040.430.570.220.14-0.180.450.240.48-0.180.2-0.260.210.120.2
0.790.370.00.750.870.2-0.220.480.120.22-0.020.610.820.830.620.160.750.180.760.090.38-0.070.210.160.95
0.29-0.150.280.190.080.91-0.350.330.830.84-0.790.160.30.1-0.19-0.40.280.890.24-0.250.380.090.120.160.01
0.70.38-0.040.720.820.06-0.150.40.010.080.080.580.740.890.670.30.680.010.70.140.3-0.180.20.950.01
Click cells to compare fundamentals

Canaccord Genuity Account Relationship Matchups

Canaccord Genuity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B7.6B7.3B6.3B6.1B4.2B
Short Long Term Debt Total334.4M348.8M285.1M433.9M604.8M385.0M
Other Current Liab(1.8B)3.5B(2.7B)2.6B2.4B2.6B
Total Current Liabilities4.7B6.3B5.5B4.4B4.0B3.4B
Total Stockholder Equity928.6M1.1B1.2B1.1B995.6M716.3M
Property Plant And Equipment Net131.0M108.3M151.7M151.9M254.3M267.0M
Net Debt(662.7M)(1.5B)(1.5B)(574.6M)(250.9M)(263.4M)
Cash997.1M1.9B1.8B1.0B855.6M705.9M
Non Current Assets Total746.2M732.7M970.1M1.2B5.3B5.5B
Other Assets39.5M81.2M98.2M90.7M(4.0B)(3.8B)
Cash And Short Term Investments1.9B2.9B2.8B1.7B1.4B1.3B
Net Receivables2.9B3.5B2.9B3.1B3.2B2.2B
Common Stock Shares Outstanding128.3M109.0M109.4M87.4M91.8M83.2M
Short Term Investments931.5M1.0B1.1B715.1M575.0M652.0M
Liabilities And Stockholders Equity6.0B7.6B7.3B6.3B6.1B4.2B
Other Stockholder Equity101.5M62.4M64.2M49.4M44.5M42.2M
Total Liab5.0B6.5B5.8B4.9B4.8B3.5B
Property Plant And Equipment Gross131.0M277.8M330.8M364.3M501.8M526.9M
Total Current Assets5.2B6.9B6.3B5.1B4.9B3.7B
Short Term Debt61.4M236.4M14.1M20.8M45.8M43.5M
Current Deferred Revenue2.0B2.7B2.2B2.0B1.4B1.1B
Retained Earnings(193.1M)73.2M251.5M119.6M58.5M38.6M
Accounts Payable1.7B2.6B2.7B1.7B1.6B2.0B
Non Current Liabilities Total364.7M169.9M347.7M540.4M734.7M771.4M
Accumulated Other Comprehensive Income139.4M103.5M69.1M105.2M114.9M60.8M
Common Stock663.6M662.4M576.2M566.3M616.5M504.2M
Other Current Assets388.4M494.5M512.1M332.1M268.8M255.3M
Good Will395.4M380.1M510.3M622.8M615.5M463.2M
Intangible Assets170.2M150.9M187.0M305.9M288.3M186.8M
Other Liab140.3M68.2M33.1M59.5M68.5M46.5M
Net Tangible Assets146.0M157.4M370.4M275.2M247.6M199.0M
Long Term Investments10.1M12.2M22.9M18.1M12.9M11.2M
Short Long Term Debt889.6M1.1B14.1M20.8M21.2M20.1M
Property Plant Equipment131.0M108.3M151.7M151.9M174.7M183.4M
Capital Surpluse101.5M62.4M64.2M49.4M44.5M71.9M
Long Term Debt207.5M66.2M145.5M293.8M368.8M198.1M
Long Term Debt Total296.4M136.8M247.1M386.3M444.3M224.0M

Pair Trading with Canaccord Genuity

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 Canaccord Genuity 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 Canaccord Genuity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canaccord Stock

  0.77GOOG Alphabet CDRPairCorr
  0.83JPM JPMorgan ChasePairCorr
The ability to find closely correlated positions to Canaccord Genuity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaccord Genuity 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 Canaccord Genuity - 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 Canaccord Genuity Group to buy it.
The correlation of Canaccord Genuity 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 Canaccord Genuity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaccord Genuity 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 Canaccord Genuity 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Canaccord Stock

Balance Sheet is a snapshot of the financial position of Canaccord Genuity at a specified time, usually calculated after every quarter, six months, or one year. Canaccord Genuity Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canaccord Genuity and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canaccord currently owns. An asset can also be divided into two categories, current and non-current.