Canoe Pe Ratio vs Payout Ratio Analysis

EIT-UN Stock

CAD 15.07 0.21 1.37%

Canoe EIT financial indicator trend analysis is way more than just evaluating Canoe EIT Income prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoe EIT Income is a good investment. Please check the relationship between Canoe EIT Pe Ratio and its Payout Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 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.

Pe Ratio vs Payout Ratio

Pe Ratio vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canoe EIT Income Pe Ratio account and Payout Ratio. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Canoe EIT's Pe Ratio and Payout Ratio is 0.91. Overlapping area represents the amount of variation of Pe Ratio that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Canoe EIT Income, assuming nothing else is changed. The correlation between historical values of Canoe EIT's Pe Ratio and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pe Ratio of Canoe EIT Income are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Pe Ratio i.e., Canoe EIT's Pe Ratio and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Pe Ratio

Payout Ratio

Payout Ratio is the proportion of Canoe EIT Income earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Canoe EIT Income dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Canoe EIT Income is paying out more in dividends than it makes in net income.

Most indicators from Canoe EIT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoe EIT Income 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 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.

At present, Canoe EIT's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 1,241, whereas Selling General Administrative is forecasted to decline to about 5.7 M.

Canoe EIT fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Current Deferred Revenue	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Assets	Common Stock	Net Tangible Assets	Net Invested Capital	Long Term Investments
Total Assets		-0.15	-0.06	0.26	0.99	0.02	-0.13	0.01	0.21	0.86	-0.02	0.23	0.18	0.65	0.01	-0.11	0.69	0.26	0.94	-0.88	-0.17	-0.04	0.95	0.94	0.43	0.93
Short Long Term Debt Total	-0.15		0.78	0.72	-0.15	0.58	-0.06	0.75	0.87	-0.43	0.63	0.25	-0.68	-0.09	0.75	0.97	-0.49	0.31	-0.33	0.3	0.97	0.91	-0.32	-0.3	-0.27	-0.3
Other Current Liab	-0.06	0.78		0.7	-0.07	0.38	0.05	0.81	0.82	-0.36	0.71	0.16	-0.13	0.04	0.81	0.73	-0.45	0.58	-0.29	0.3	0.78	0.57	-0.28	-0.26	-0.29	-0.27
Total Current Liabilities	0.26	0.72	0.7		0.25	0.49	-0.15	0.87	0.73	-0.06	0.72	0.24	-0.31	0.17	0.87	0.82	-0.28	0.79	0.03	-0.05	0.63	0.56	0.03	0.05	-0.04	0.06
Total Stockholder Equity	0.99	-0.15	-0.07	0.25		0.08	-0.22	0.0	0.21	0.84	0.0	0.18	0.16	0.53	0.0	-0.11	0.65	0.24	0.94	-0.88	-0.17	-0.04	0.96	0.95	0.39	0.94
Net Debt	0.02	0.58	0.38	0.49	0.08		-0.84	0.34	0.57	-0.11	0.45	0.29	-0.54	-0.34	0.34	0.58	-0.36	0.15	0.03	-0.05	0.59	0.64	-0.05	-0.02	-0.34	0.08
Cash	-0.13	-0.06	0.05	-0.15	-0.22	-0.84		0.09	-0.16	-0.15	-0.16	-0.2	0.26	0.35	0.08	-0.08	0.11	0.02	-0.26	0.32	-0.07	-0.19	-0.16	-0.17	0.13	-0.31
Cash And Short Term Investments	0.01	0.75	0.81	0.87	0.0	0.34	0.09		0.67	-0.39	0.88	0.14	-0.23	0.07	1.0	0.84	-0.57	0.8	-0.28	0.31	0.72	0.59	-0.26	-0.24	-0.23	-0.28
Net Receivables	0.21	0.87	0.82	0.73	0.21	0.57	-0.16	0.67		-0.1	0.64	0.34	-0.5	0.15	0.67	0.81	-0.22	0.38	0.02	-0.09	0.83	0.79	0.03	0.04	0.02	0.08
Common Stock Shares Outstanding	0.86	-0.43	-0.36	-0.06	0.84	-0.11	-0.15	-0.39	-0.1		-0.44	0.09	0.33	0.61	-0.38	-0.41	0.91	-0.02	0.95	-0.88	-0.48	-0.32	0.93	0.93	0.46	0.94
Short Term Investments	-0.02	0.63	0.71	0.72	0.0	0.45	-0.16	0.88	0.64	-0.44		0.16	-0.27	-0.07	0.88	0.7	-0.69	0.7	-0.3	0.21	0.63	0.56	-0.29	-0.29	-0.09	-0.26
Other Current Assets	0.23	0.25	0.16	0.24	0.18	0.29	-0.2	0.14	0.34	0.09	0.16		-0.29	0.37	0.15	0.24	0.1	0.07	0.19	-0.21	0.24	0.35	0.13	0.12	0.04	0.16
Other Stockholder Equity	0.18	-0.68	-0.13	-0.31	0.16	-0.54	0.26	-0.23	-0.5	0.33	-0.27	-0.29		0.22	-0.23	-0.65	0.32	0.23	0.2	-0.08	-0.65	-0.82	0.21	0.21	0.03	0.16
Total Liab	0.65	-0.09	0.04	0.17	0.53	-0.34	0.35	0.07	0.15	0.61	-0.07	0.37	0.22		0.07	-0.07	0.62	0.25	0.55	-0.51	-0.14	-0.03	0.54	0.53	0.46	0.5
Total Current Assets	0.01	0.75	0.81	0.87	0.0	0.34	0.08	1.0	0.67	-0.38	0.88	0.15	-0.23	0.07		0.84	-0.57	0.8	-0.28	0.3	0.72	0.59	-0.26	-0.24	-0.23	-0.28
Short Term Debt	-0.11	0.97	0.73	0.82	-0.11	0.58	-0.08	0.84	0.81	-0.41	0.7	0.24	-0.65	-0.07	0.84		-0.52	0.47	-0.31	0.29	0.91	0.86	-0.31	-0.29	-0.25	-0.28
Accounts Payable	0.69	-0.49	-0.45	-0.28	0.65	-0.36	0.11	-0.57	-0.22	0.91	-0.69	0.1	0.32	0.62	-0.57	-0.52		-0.25	0.83	-0.76	-0.54	-0.4	0.83	0.81	0.44	0.8
Current Deferred Revenue	0.26	0.31	0.58	0.79	0.24	0.15	0.02	0.8	0.38	-0.02	0.7	0.07	0.23	0.25	0.8	0.47	-0.25		0.02	-0.01	0.22	0.09	0.03	0.03	-0.03	0.03
Non Current Assets Total	0.94	-0.33	-0.29	0.03	0.94	0.03	-0.26	-0.28	0.02	0.95	-0.3	0.19	0.2	0.55	-0.28	-0.31	0.83	0.02		-0.93	-0.35	-0.18	0.99	0.98	0.39	0.99
Non Currrent Assets Other	-0.88	0.3	0.3	-0.05	-0.88	-0.05	0.32	0.31	-0.09	-0.88	0.21	-0.21	-0.08	-0.51	0.3	0.29	-0.76	-0.01	-0.93		0.38	0.17	-0.92	-0.89	-0.62	-0.96
Non Current Liabilities Total	-0.17	0.97	0.78	0.63	-0.17	0.59	-0.07	0.72	0.83	-0.48	0.63	0.24	-0.65	-0.14	0.72	0.91	-0.54	0.22	-0.35	0.38		0.93	-0.35	-0.31	-0.38	-0.33
Other Assets	-0.04	0.91	0.57	0.56	-0.04	0.64	-0.19	0.59	0.79	-0.32	0.56	0.35	-0.82	-0.03	0.59	0.86	-0.4	0.09	-0.18	0.17	0.93		-0.19	-0.17	-0.25	-0.16
Common Stock	0.95	-0.32	-0.28	0.03	0.96	-0.05	-0.16	-0.26	0.03	0.93	-0.29	0.13	0.21	0.54	-0.26	-0.31	0.83	0.03	0.99	-0.92	-0.35	-0.19		0.99	0.43	0.98
Net Tangible Assets	0.94	-0.3	-0.26	0.05	0.95	-0.02	-0.17	-0.24	0.04	0.93	-0.29	0.12	0.21	0.53	-0.24	-0.29	0.81	0.03	0.98	-0.89	-0.31	-0.17	0.99		0.35	0.97
Net Invested Capital	0.43	-0.27	-0.29	-0.04	0.39	-0.34	0.13	-0.23	0.02	0.46	-0.09	0.04	0.03	0.46	-0.23	-0.25	0.44	-0.03	0.39	-0.62	-0.38	-0.25	0.43	0.35		0.45
Long Term Investments	0.93	-0.3	-0.27	0.06	0.94	0.08	-0.31	-0.28	0.08	0.94	-0.26	0.16	0.16	0.5	-0.28	-0.28	0.8	0.03	0.99	-0.96	-0.33	-0.16	0.98	0.97	0.45

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Canoe EIT Account Relationship Matchups

Canoe EIT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.5B	2.2B	2.5B	2.7B	1.9B
Short Long Term Debt Total	94.1M	92.2M	91.6M	98.1M	96.0M	122.1M
Other Current Liab	(108.9M)	(107.1M)	(109.3M)	(117.8M)	(117.6M)	(111.8M)
Total Current Liabilities	14.8M	14.9M	17.6M	19.7M	135.7M	83.6M
Total Stockholder Equity	1.3B	1.2B	1.9B	2.2B	2.3B	1.6B
Net Debt	(73.1M)	48.5M	(53.8M)	(139K)	81.2M	53.4M
Cash	167.1M	43.8M	145.5M	98.2M	14.8M	14.0M
Cash And Short Term Investments	167.1M	43.8M	145.5M	98.2M	14.8M	14.0M
Net Receivables	2.6M	3.2M	5.7M	6.7M	6.1M	9.7M
Common Stock Shares Outstanding	114.0M	119.7M	132.4M	152.5M	169.3M	117.9M
Liabilities And Stockholders Equity	1.6B	1.5B	2.2B	2.5B	2.7B	1.9B
Other Current Assets	(169.7M)	(46.9M)	(151.2M)	(104.9M)	(20.8M)	(21.9M)
Total Liab	324.8M	324.1M	327.4M	337.2M	338.3M	277.1M
Total Current Assets	169.7M	46.9M	151.2M	104.9M	20.8M	19.8M
Short Term Debt	94.1M	92.2M	91.6M	98.1M	96.0M	119.0M
Accounts Payable	14.8M	14.9M	17.6M	19.7M	21.6M	14.6M
Current Deferred Revenue	(79.3M)	(77.4M)	(74.0M)	(78.4M)	(74.3M)	(78.1M)
Non Current Assets Total	1.4B	1.5B	2.1B	2.4B	2.6B	1.7B
Non Currrent Assets Other	(1.4B)	(1.5B)	(2.1B)	(2.4B)	(2.6B)	(2.5B)
Non Current Liabilities Total	94.1M	92.2M	91.6M	98.1M	96.0M	88.6M
Common Stock	1.3B	1.2B	1.9B	2.2B	2.3B	1.6B
Net Tangible Assets	1.1B	1.3B	1.2B	1.9B	2.2B	1.4B
Net Invested Capital	94.1M	92.2M	91.6M	98.1M	96.0M	104.0M
Long Term Investments	1.4B	1.5B	2.1B	2.4B	2.6B	1.9B

Pair Trading with Canoe EIT

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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canoe Stock

0.72	NVDA	NVIDIA CDR	Pair Corr
0.75	AMZN	Amazon CDR	Pair Corr

Moving against Canoe Stock

0.64

TKU

Tarku Resources

Pair Corr

The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.

The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT Income 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 Canoe EIT 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 Correlation Correlation Matching

Other Information on Investing in Canoe Stock

Balance Sheet is a snapshot of the financial position of Canoe EIT Income at a specified time, usually calculated after every quarter, six months, or one year. Canoe EIT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canoe EIT 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 Canoe currently owns. An asset can also be divided into two categories, current and non-current.

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Canoe Pe Ratio vs Payout Ratio Analysis

Pe Ratio vs Payout Ratio

Pe Ratio vs Payout Ratio Correlation Analysis

Correlation Coefficient

Pe Ratio

Payout Ratio

Canoe EIT fundamental ratios Correlations

Canoe EIT Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canoe EIT fundamental ratios Accounts

Pair Trading with Canoe EIT

Moving together with Canoe Stock

Moving against Canoe Stock

Other Information on Investing in Canoe Stock

COMMON DESTINATIONS

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Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Non Current Assets Total
Long Term Investments	+ 0.99	Non Current Assets Total
Net Tangible Assets	+ 0.99	Common Stock
Net Tangible Assets	+ 0.98	Non Current Assets Total

Long Term Investments	- 0.96	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Common Stock	- 0.92	Non Currrent Assets Other
Net Tangible Assets	- 0.89	Non Currrent Assets Other
Non Currrent Assets Other	- 0.88	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.88	Total Stockholder Equity