Canoe Eit Income Stock Performance
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Canoe EIT has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canoe EIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canoe EIT is expected to be smaller as well. Canoe EIT Income right now shows a risk of 0.57%. Please confirm Canoe EIT Income sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Canoe EIT Income will be following its price patterns.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Canoe EIT Income are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Canoe EIT is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0864 | Last Split Factor 1:1 | Forward Dividend Rate 1.2 | Dividend Date 2025-01-15 | Ex Dividend Date 2024-06-21 |
1 | Canoe EIT Income Fund Sets 2024 Cash Redemption - TipRanks | 10/08/2024 |
2 | Canoe EIT Income Fund Announces December 2024 Monthly Distribution - Yahoo Finance | 12/05/2024 |
3 | Canoe Financial Renews At-The-Market Equity Program for Canoe EIT Income Fund - GlobeNewswire | 12/19/2024 |
| Begin Period Cash Flow | 98.2 M |
Canoe |
Canoe EIT Relative Risk vs. Return Landscape
If you would invest 1,417 in Canoe EIT Income on September 22, 2024 and sell it today you would earn a total of 90.00 from holding Canoe EIT Income or generate 6.35% return on investment over 90 days. Canoe EIT Income is generating 0.0964% of daily returns and assumes 0.5704% volatility on return distribution over the 90 days horizon. Simply put, 5% of stocks are less volatile than Canoe, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canoe EIT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoe EIT's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Canoe EIT Income, and traders can use it to determine the average amount a Canoe EIT's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.169
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| Cash | EIT-UN | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.57 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Canoe EIT is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canoe EIT by adding it to a well-diversified portfolio.
Canoe EIT Fundamentals Growth
Canoe Stock prices reflect investors' perceptions of the future prospects and financial health of Canoe EIT, and Canoe EIT fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canoe Stock performance.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.099 | ||||
| Profit Margin | 0.87 % | ||||
| Operating Margin | 0.93 % | ||||
| Current Valuation | 2.94 B | ||||
| Shares Outstanding | 177.79 M | ||||
| Price To Earning | 6.16 X | ||||
| Price To Book | 1.06 X | ||||
| Price To Sales | 5.82 X | ||||
| Revenue | 172.47 M | ||||
| Gross Profit | 614.76 M | ||||
| EBITDA | 1.73 M | ||||
| Net Income | 124.73 M | ||||
| Cash And Equivalents | 98.55 M | ||||
| Cash Per Share | 0.82 X | ||||
| Total Debt | 95.99 M | ||||
| Debt To Equity | 0.30 % | ||||
| Current Ratio | 0.96 X | ||||
| Book Value Per Share | 13.94 X | ||||
| Cash Flow From Operations | (112.77 M) | ||||
| Earnings Per Share | 0.74 X | ||||
| Market Capitalization | 2.68 B | ||||
| Total Asset | 2.66 B | ||||
About Canoe EIT Performance
By analyzing Canoe EIT's fundamental ratios, stakeholders can gain valuable insights into Canoe EIT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Canoe EIT has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Canoe EIT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.05 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.05 | 0.05 | |
| Return On Equity | 0.05 | 0.05 |
Things to note about Canoe EIT Income performance evaluation
Checking the ongoing alerts about Canoe EIT for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Canoe EIT Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. | |
| Latest headline from news.google.com: Canoe Financial Renews At-The-Market Equity Program for Canoe EIT Income Fund - GlobeNewswire |
- Analyzing Canoe EIT's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Canoe EIT's stock is overvalued or undervalued compared to its peers.
- Examining Canoe EIT's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Canoe EIT's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Canoe EIT's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Canoe EIT's stock. These opinions can provide insight into Canoe EIT's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Canoe Stock analysis
When running Canoe EIT's price analysis, check to measure Canoe EIT'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 Canoe EIT is operating at the current time. Most of Canoe EIT's value examination focuses on studying past and present price action to predict the probability of Canoe EIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoe EIT's price. Additionally, you may evaluate how the addition of Canoe EIT to your portfolios can decrease your overall portfolio volatility.
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