Canfor Income Quality from 2010 to 2026
| CFP Stock | CAD 13.11 0.47 3.46% |
Income Quality | First Reported 2010-12-31 | Previous Quarter (0.05) | Current Value (0.05) | Quarterly Volatility 3.57449515 |
Check Canfor financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canfor's main balance sheet or income statement drivers, such as Depreciation And Amortization of 221.1 M, Interest Expense of 106.9 M or Selling General Administrative of 101.8 M, as well as many indicators such as Price To Sales Ratio of 0.42, Dividend Yield of 0.0566 or PTB Ratio of 0.94. Canfor financial statements analysis is a perfect complement when working with Canfor Valuation or Volatility modules.
Canfor | Income Quality |
Evaluating Canfor's Income Quality across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Canfor's fundamental strength.
Latest Canfor's Income Quality Growth Pattern
Below is the plot of the Income Quality of Canfor over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Canfor's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canfor's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Canfor Income Quality Regression Statistics
| Arithmetic Mean | 2.16 | |
| Coefficient Of Variation | 165.40 | |
| Mean Deviation | 1.94 | |
| Median | 1.55 | |
| Standard Deviation | 3.57 | |
| Sample Variance | 12.78 | |
| Range | 15.8368 | |
| R-Value | (0.61) | |
| Mean Square Error | 8.55 | |
| R-Squared | 0.37 | |
| Significance | 0.01 | |
| Slope | (0.43) | |
| Total Sum of Squares | 204.43 |
Canfor Income Quality History
About Canfor Financial Statements
Canfor investors utilize fundamental indicators, such as Income Quality, to predict how Canfor Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | (0.05) | (0.05) |
Pair Trading with Canfor
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 Canfor 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 Canfor will appreciate offsetting losses from the drop in the long position's value.Moving together with Canfor Stock
Moving against Canfor Stock
The ability to find closely correlated positions to Canfor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor 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 Canfor - 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 Canfor to buy it.
The correlation of Canfor 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 Canfor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor 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 Canfor 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.Other Information on Investing in Canfor Stock
Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.