Canoe Eit Income Stock Alpha and Beta Analysis

EIT-UN Stock  CAD 15.41  0.08  0.52%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canoe EIT Income. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canoe EIT over a specified time horizon. Remember, high Canoe EIT's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canoe EIT's market risk premium analysis include:
Beta
0.0877
Alpha
0.0904
Risk
0.62
Sharpe Ratio
0.0906
Expected Return
0.056
Please note that although Canoe EIT alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Canoe EIT did 0.09  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Canoe EIT Income stock's relative risk over its benchmark. Canoe EIT Income has a beta of 0.09  . 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. At present, Canoe EIT'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 1,241, whereas Book Value Per Share is forecasted to decline to 15.20.

Enterprise Value

1.68 Billion

2.0B2.0B2.3B2.0B1.7B2%11%-10%-18%100%
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Canoe EIT Backtesting, Canoe EIT Valuation, Canoe EIT Correlation, Canoe EIT Hype Analysis, Canoe EIT Volatility, Canoe EIT History and analyze Canoe EIT Performance.

Canoe EIT Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canoe EIT market risk premium is the additional return an investor will receive from holding Canoe EIT long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canoe EIT. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canoe EIT's performance over market.
α0.09   β0.09
0.130.090.080.151.05-31%-13%90%602%100%

Canoe EIT expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canoe EIT's Buy-and-hold return. Our buy-and-hold chart shows how Canoe EIT performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.
100%

Canoe EIT Market Price Analysis

Market price analysis indicators help investors to evaluate how Canoe EIT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canoe EIT shares will generate the highest return on investment. By understating and applying Canoe EIT stock market price indicators, traders can identify Canoe EIT position entry and exit signals to maximize returns.

Canoe EIT Return and Market Media

The median price of Canoe EIT for the period between Sun, Oct 13, 2024 and Sat, Jan 11, 2025 is 15.27 with a coefficient of variation of 2.15. The daily time series for the period is distributed with a sample standard deviation of 0.33, arithmetic mean of 15.18, and mean deviation of 0.29. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
JavaScript chart by amCharts 3.21.151234OctNovDec 0246
JavaScript chart by amCharts 3.21.15Canoe EIT Income Canoe EIT Income Dividend Benchmark Dow Jones Industrial
       Timeline  
1
Canoe EIT Income Fund Announces November 2024 Monthly Distribution and Quarterly Distribution on Preferred Units - Yahoo Finance
11/08/2024
2
Canoe EIT Income Fund Announces 2024 Annual Redemption Price - Yahoo Finance
12/11/2024
3
Canoe Financial announces an estimated special non-cash distribution for Canoe EIT Income Fund - Yahoo Finance
12/23/2024
4
Canoe EIT Income Fund Declares January 2025 Distribution - MSN
01/08/2025

About Canoe EIT Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canoe or other stocks. Alpha measures the amount that position in Canoe EIT Income has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2022 2024 2025 (projected)
PTB Ratio0.941.081.03
Dividend Yield0.08920.110.0935
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canoe EIT in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canoe EIT's short interest history, or implied volatility extrapolated from Canoe EIT options trading.

Build Portfolio with Canoe EIT

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Other Information on Investing in Canoe Stock

Canoe EIT financial ratios help investors to determine whether Canoe Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canoe with respect to the benefits of owning Canoe EIT security.

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