| GOOS Stock | | | CAD 14.13 0.06 0.42% |
Based on the measurements of profitability obtained from Canada Goose's financial statements, Canada Goose Holdings is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Canada Goose's ability to earn profits and add value for shareholders. As of the 12th of December 2024,
Price To Sales Ratio is likely to drop to 1.20. In addition to that,
Days Sales Outstanding is likely to drop to 13.66. At this time, Canada Goose's
Income Quality is very stable compared to the past year.
For Canada Goose profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canada Goose to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Canada Goose Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canada Goose's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canada Goose Holdings over time as well as its relative position and ranking within its peers.
Check out
Risk vs Return Analysis.
Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Canada Goose Holdings Shares Owned By Institutions vs. Shares Owned By Insiders Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canada Goose's current stock value. Our valuation model uses many indicators to compare Canada Goose value to that of its competitors to determine the firm's financial worth.
Canada Goose Holdings is one of the top stocks in shares owned by insiders category among its peers. It is rated
# 4 in shares owned by institutions category among its peers producing about
52.90 of Shares Owned By Institutions per Shares Owned By Insiders. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canada Goose by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canada Goose's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Canada Shares Owned By Institutions vs. Shares Owned By Insiders
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Canada Goose | Insiders Shares | = | Executives Shares | + | Employees |
| = | 1.56 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Canada Goose | Shares Held by Institutions | = | Funds and Banks | + | Firms |
| = | 82.52 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Canada Shares Owned By Institutions Comparison
Canada Goose is currently under evaluation in shares owned by institutions category among its peers.
Canada Goose Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canada Goose, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canada Goose will eventually generate negative long term returns. The profitability progress is the general direction of Canada Goose's change in net profit over the period of time. It can combine
multiple indicators of Canada Goose, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Canada Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Canada Goose. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Canada Goose position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Canada Goose's important profitability drivers and their relationship over time.
Use Canada Goose in pair-trading
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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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.
Use Investing Themes to Complement your Canada Goose position
In addition to having Canada Goose in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.
Apparel
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can
partner with us for reliable portfolio optimization as you plan to utilize
Apparel Theme or any other
thematic opportunities.
When determining whether Canada Goose Holdings is a strong investment it is important to analyze Canada Goose's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canada Goose's
future performance.
For an informed investment choice regarding Canada Stock, refer to the following important reports: To fully project Canada Goose's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of Canada Goose Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Canada Goose's income statement, its balance sheet, and the statement of cash flows.
Potential Canada Goose investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Canada Goose investors may work on each financial statement separately, they are all related. The changes in Canada Goose's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canada Goose's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
