Canoe Eit Income Stock Analysis

Canoe Stock Analysis Notes

The company has price-to-book (P/B) ratio of 1.06. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canoe EIT Income last dividend was issued on the 21st of June 2024. The entity had 1:1 split on the 8th of November 2011. Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada. CANOE EIT is traded on Toronto Stock Exchange in Canada. To learn more about Canoe EIT Income call the company at 800-459-3384 or check out https://www.canoefinancial.com/products/closed-end.

Canoe EIT Income Investment Alerts

Canoe Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.68 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canoe EIT's market, we take the total number of its shares issued and multiply it by Canoe EIT's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Canoe Profitablity

The company has Profit Margin (PM) of 0.87 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.93 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.93.

Management Efficiency

Canoe EIT Income has return on total asset (ROA) of 0.099 % which means that it generated a profit of $0.099 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.171 %, meaning that it generated $0.171 on every $100 dollars invested by stockholders. Canoe EIT's management efficiency ratios could be used to measure how well Canoe EIT manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.06, whereas Return On Tangible Assets are forecasted to decline to 0.05. At present, Canoe EIT's Other Assets are projected to decrease significantly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.07, whereas Total Assets are forecasted to decline to about 1.9 B.

Technical Drivers

As of the 21st of December, Canoe EIT shows the Risk Adjusted Performance of 0.1178, mean deviation of 0.4126, and Downside Deviation of 0.5007. Canoe EIT Income technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.

Canoe EIT Income Price Movement Analysis

Canoe EIT Outstanding Bonds

Canoe EIT Predictive Daily Indicators

Canoe EIT Forecast Models

Canoe EIT's time-series forecasting models are one of many Canoe EIT's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Canoe EIT's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canoe EIT prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canoe shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Canoe EIT. By using and applying Canoe Stock analysis, traders can create a robust methodology for identifying Canoe entry and exit points for their positions.

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.