Canso Price To Sales Ratio vs Roe Analysis
| PBY-UN Stock | CAD 15.72 0.07 0.44% |
Canso Credit financial indicator trend analysis is way more than just evaluating Canso Credit Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canso Credit Trust is a good investment. Please check the relationship between Canso Credit Price To Sales Ratio and its Roe accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Canso Credit Trust. 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.
Price To Sales Ratio vs Roe
Price To Sales Ratio vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canso Credit Trust Price To Sales Ratio account and Roe. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Canso Credit's Price To Sales Ratio and Roe is -0.47. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Roe in the same time period over historical financial statements of Canso Credit Trust, assuming nothing else is changed. The correlation between historical values of Canso Credit's Price To Sales Ratio and Roe 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 Canso Credit Trust are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Price To Sales Ratio i.e., Canso Credit's Price To Sales Ratio and Roe go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Canso Credit Trust stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canso Credit sales, a figure that is much harder to manipulate than other Canso Credit Trust 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.Roe
Most indicators from Canso Credit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canso Credit Trust 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Canso Credit Trust. 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, Canso Credit'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 22.75, whereas Selling General Administrative is forecasted to decline to about 3 M.
| 2023 | 2024 (projected) | Interest Expense | 1.1M | 999.9K | Cost Of Revenue | 5.1M | 5.3M |
Canso Credit fundamental ratios Correlations
Click cells to compare fundamentals
Canso Credit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canso Credit fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 232.6M | 236.4M | 217.4M | 204.4M | 192.1M | 253.8M | |
| Total Stockholder Equity | 156.0M | 156.6M | 160.6M | 154.0M | 138.9M | 150.7M | |
| Net Debt | (5.3M) | (1.3M) | (7.2M) | (9.7M) | (235.2K) | (247.0K) | |
| Cash | 5.3M | 1.3M | 7.2M | 9.7M | 235.2K | 223.4K | |
| Cash And Short Term Investments | 5.3M | 1.3M | 7.2M | 9.7M | 235.2K | 223.4K | |
| Common Stock Shares Outstanding | 14.5M | 13.7M | 10.4M | 10.4M | 9.3M | 13.5M | |
| Liabilities And Stockholders Equity | 232.6M | 236.4M | 217.4M | 204.4M | 192.1M | 253.8M | |
| Total Liab | 76.6M | 79.8M | 56.8M | 50.4M | 53.1M | 46.6M | |
| Net Receivables | 1.8M | 1.4M | 2.0M | 3.8M | 11.5M | 12.1M | |
| Non Current Liabilities Total | 76.6M | 79.8M | 56.8M | 50.4M | 53.1M | 54.4M | |
| Other Current Assets | (7.1M) | (2.7M) | (9.2M) | (13.5M) | (11.7M) | (12.3M) | |
| Common Stock | 156.0M | 156.6M | 160.6M | 154.0M | 138.9M | 139.6M |
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
Balance Sheet is a snapshot of the financial position of Canso Credit Trust at a specified time, usually calculated after every quarter, six months, or one year. Canso Credit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canso Credit 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 Canso currently owns. An asset can also be divided into two categories, current and non-current.