Canadian Operating Income vs Net Income From Continuing Ops Analysis

LFE Stock  CAD 7.08  0.01  0.14%   
Canadian Life financial indicator trend analysis is way more than just evaluating Canadian Life Companies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Life Companies is a good investment. Please check the relationship between Canadian Life Operating Income and its Net Income From Continuing Ops accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Net Income From Continuing Ops

Operating Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Life Companies Operating Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canadian Life's Operating Income and Net Income From Continuing Ops is 0.9. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Canadian Life Companies, assuming nothing else is changed. The correlation between historical values of Canadian Life's Operating Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Canadian Life Companies are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Operating Income i.e., Canadian Life's Operating Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Income

Operating Income is the amount of profit realized from Canadian Life Companies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canadian Life Companies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income From Continuing Ops

Most indicators from Canadian Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Life Companies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Canadian Life's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Interest Income171.3K378.8K435.6K457.4K
Net Interest Income171.3K378.8K435.6K457.4K

Canadian Life fundamental ratios Correlations

0.770.680.280.390.88-0.78-0.430.69-0.130.550.970.70.19-0.380.160.150.660.61-0.160.810.56-0.380.330.50.55
0.770.150.760.030.77-0.78-0.520.66-0.270.010.830.660.38-0.2-0.01-0.020.550.470.410.410.58-0.430.280.420.52
0.680.15-0.210.40.51-0.29-0.040.110.060.710.620.11-0.19-0.350.130.30.30.13-0.540.790.18-0.090.280.340.26
0.280.76-0.21-0.450.28-0.33-0.370.18-0.13-0.380.420.180.060.07-0.4-0.070.02-0.030.64-0.10.06-0.110.060.060.07
0.390.030.4-0.450.21-0.150.180.42-0.250.340.180.420.34-0.430.510.140.510.49-0.340.430.48-0.370.160.380.36
0.880.770.510.280.21-0.89-0.420.72-0.320.350.890.720.46-0.280.30.10.760.630.110.840.75-0.580.50.690.76
-0.78-0.78-0.29-0.33-0.15-0.890.72-0.770.19-0.39-0.82-0.77-0.420.22-0.2-0.02-0.67-0.67-0.08-0.65-0.640.55-0.15-0.44-0.57
-0.43-0.52-0.04-0.370.18-0.420.72-0.32-0.22-0.41-0.53-0.320.080.130.140.27-0.2-0.210.14-0.18-0.04-0.030.410.240.08
0.690.660.110.180.420.72-0.77-0.32-0.30.260.651.00.52-0.080.270.250.660.970.10.530.7-0.610.270.510.64
-0.13-0.270.06-0.13-0.25-0.320.19-0.22-0.30.44-0.08-0.3-0.75-0.1-0.150.09-0.52-0.25-0.55-0.25-0.620.73-0.61-0.73-0.66
0.550.010.71-0.380.340.35-0.39-0.410.260.440.50.26-0.42-0.240.120.240.160.34-0.850.58-0.050.17-0.25-0.12-0.08
0.970.830.620.420.180.89-0.82-0.530.65-0.080.50.650.12-0.30.040.120.580.53-0.090.750.48-0.320.290.430.49
0.70.660.110.180.420.72-0.77-0.321.0-0.30.260.650.52-0.080.270.250.660.970.090.530.7-0.610.270.510.64
0.190.38-0.190.060.340.46-0.420.080.52-0.75-0.420.120.52-0.150.44-0.180.720.490.590.260.87-0.860.60.760.83
-0.38-0.2-0.350.07-0.43-0.280.220.13-0.08-0.1-0.24-0.3-0.08-0.150.00.19-0.34-0.070.22-0.4-0.220.07-0.16-0.15-0.14
0.16-0.010.13-0.40.510.3-0.20.140.27-0.150.120.040.270.440.0-0.010.480.32-0.010.280.56-0.320.210.390.5
0.15-0.020.3-0.070.140.1-0.020.270.250.090.240.120.25-0.180.19-0.01-0.310.31-0.170.27-0.04-0.01-0.060.09-0.01
0.660.550.30.020.510.76-0.67-0.20.66-0.520.160.580.660.72-0.340.48-0.310.620.170.630.88-0.770.620.780.87
0.610.470.13-0.030.490.63-0.67-0.210.97-0.250.340.530.970.49-0.070.320.310.62-0.040.530.65-0.590.250.490.6
-0.160.41-0.540.64-0.340.11-0.080.140.1-0.55-0.85-0.090.090.590.22-0.01-0.170.17-0.04-0.240.37-0.480.410.410.4
0.810.410.79-0.10.430.84-0.65-0.180.53-0.250.580.750.530.26-0.40.280.270.630.53-0.240.55-0.480.50.670.62
0.560.580.180.060.480.75-0.64-0.040.7-0.62-0.050.480.70.87-0.220.56-0.040.880.650.370.55-0.840.630.840.94
-0.38-0.43-0.09-0.11-0.37-0.580.55-0.03-0.610.730.17-0.32-0.61-0.860.07-0.32-0.01-0.77-0.59-0.48-0.48-0.84-0.62-0.88-0.87
0.330.280.280.060.160.5-0.150.410.27-0.61-0.250.290.270.6-0.160.21-0.060.620.250.410.50.63-0.620.860.81
0.50.420.340.060.380.69-0.440.240.51-0.73-0.120.430.510.76-0.150.390.090.780.490.410.670.84-0.880.860.95
0.550.520.260.070.360.76-0.570.080.64-0.66-0.080.490.640.83-0.140.5-0.010.870.60.40.620.94-0.870.810.95
Click cells to compare fundamentals

Canadian Life Account Relationship Matchups

Canadian Life fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets170.7M174.9M170.8M167.9M151.1M154.8M
Total Stockholder Equity34.8M49.6M42.1M50.4M45.3M54.8M
Net Debt127.2M113.7M104.3M(8.8M)(10.1M)(9.6M)
Cash6.3M10.6M20.4M8.8M10.1M16.9M
Non Current Assets Total163.0M162.1M149.0M157.4M141.6M150.0M
Non Currrent Assets Other(163.0M)(162.1M)(149.0M)(157.4M)(181.0M)(190.0M)
Cash And Short Term Investments6.3M10.6M20.4M166.2M149.6M133.8M
Net Receivables1.4M2.1M1.4M1.7M2.0M1.4M
Common Stock Shares Outstanding13.5M12.8M12.5M11.8M13.6M12.1M
Short Term Investments163.0M162.1M149.0M157.4M141.6M141.4M
Liabilities And Stockholders Equity170.7M174.9M170.8M167.9M151.1M154.8M
Total Current Assets7.7M12.7M21.8M167.9M151.1M134.8M
Common Stock34.8M49.6M42.1M50.4M45.3M75.5M
Other Current Liab(882.3K)(125.2M)(3.3M)1.3M1.1M1.2M
Accounts Payable882.3K841.8K3.3M775.0K891.2K846.7K
Total Current Liabilities882.3K841.8K3.3M2.1M2.4M2.2M
Non Current Liabilities Total1.9M899.8K4.0M1.3M1.1M1.1M
Total Liab882.3K841.8K3.3M117.5M105.8M84.8M
Short Long Term Debt Total133.5M124.3M124.7M116.2M104.6M111.4M
Net Tangible Assets69.3M34.8M49.6M42.1M37.9M51.4M
Current Deferred Revenue(132.6M)(123.5M)(121.4M)(115.5M)(132.8M)(139.4M)
Short Term Debt133.5M124.3M124.7M116.2M104.6M112.5M
Long Term Investments163.0M162.1M149.0M157.4M141.6M143.2M

Pair Trading with Canadian Life

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 Canadian Life 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 Canadian Life will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

  0.75BIP-PB Brookfield InfrastructurePairCorr

Moving against Canadian Stock

  0.9VCM Vecima NetworksPairCorr
The ability to find closely correlated positions to Canadian Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Life 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 Canadian Life - 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 Canadian Life Companies to buy it.
The correlation of Canadian Life 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 Canadian Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Life Companies 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 Canadian Life 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 Canadian Stock

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