Canso Credit Current Valuation vs. Net Income
| PBY-UN Stock | CAD 15.60 0.02 0.13% |
For Canso Credit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canso Credit to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canso Credit Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canso Credit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canso Credit Trust over time as well as its relative position and ranking within its peers.
Canso |
Canso Credit Trust Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canso Credit's current stock value. Our valuation model uses many indicators to compare Canso Credit value to that of its competitors to determine the firm's financial worth. Canso Credit Trust is rated top company in current valuation category among its peers. It also is considered to be number one stock in net income category among its peers making up about 0.04 of Net Income per Current Valuation. The ratio of Current Valuation to Net Income for Canso Credit Trust is roughly 27.64 . At present, Canso Credit's Net Income is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canso Credit by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canso Credit'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.Canso Current Valuation vs. Competition
Canso Credit Trust is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is at this time estimated at about 242.37 Million. Canso Credit totals roughly 168.91 Million in current valuation claiming about 70% of equities under Financials industry.
Canso Net Income vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Canso Credit |
| = | 168.91 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Canso Credit |
| = | 6.11 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Canso Net Income Comparison
Canso Credit is currently under evaluation in net income category among its peers.
Canso Credit Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canso Credit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canso Credit will eventually generate negative long term returns. The profitability progress is the general direction of Canso Credit's change in net profit over the period of time. It can combine multiple indicators of Canso Credit, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | 6.1 M | 7.4 M | |
| Income Before Tax | 6.1 M | 9.6 M | |
| Total Other Income Expense Net | 4.00 | 3.80 | |
| Net Income | 6.1 M | 12.2 M | |
| Income Tax Expense | -167.9 K | -176.3 K | |
| Net Income Per Share | 0.66 | 0.67 | |
| Income Quality | 0.14 | 0.13 | |
| Net Income Per E B T | 1.15 | 1.10 |
Canso Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canso Credit. 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 Canso Credit 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 Canso Credit's important profitability drivers and their relationship over time.
Use Canso Credit 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 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.Canso Credit Pair Trading
Canso Credit Trust Pair Trading Analysis
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.Use Investing Themes to Complement your Canso Credit position
In addition to having Canso Credit 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.Did You Try This Idea?
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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 Buywrite ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Canso Stock
To fully project Canso Credit's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canso Credit Trust 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 Canso Credit's income statement, its balance sheet, and the statement of cash flows.