Analyzing historical trends in various income statement and balance sheet accounts from Canadian Utilities' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Canadian Utilities' valuation are summarized below:
Gross Profit
2.6 B
Quarterly Earnings Growth
(0.03)
Profit Margin
0.1269
Revenue
3.7 B
Earnings Share
1.528
There are currently fifty-eight fundamental signals for Canadian Utilities Limited that can be evaluated and compared over time across rivals. All traders should validate Canadian Utilities' prevailing fundamentals against the performance from 2010 to 2026 and make sure the trends continue to evolve in the right direction.
Canadian Utilities Total Revenue
4.15 Billion
Check Canadian Utilities financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Utilities' main balance sheet or income statement drivers, such as Tax Provision of 133.6 M, Interest Income of 48.7 M or Interest Expense of 484.3 M, as well as many indicators such as . Canadian financial statements analysis is a perfect complement when working with Canadian Utilities Valuation or Volatility modules.
Canadian Utilities shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Canadian Utilities investors may analyze each financial statement separately, they are all interrelated. The changes in Canadian Utilities' assets and liabilities, for example, are also reflected in the revenues and expenses on on Canadian Utilities' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
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 Canadian Utilities 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 Canadian Utilities will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Canadian Utilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Utilities 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 Canadian Utilities - 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 Canadian Utilities Limited to buy it.
The correlation of Canadian Utilities 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 Canadian Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Utilities 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 Canadian Utilities 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.
When running Canadian Utilities' price analysis, check to measure Canadian Utilities' 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 Canadian Utilities is operating at the current time. Most of Canadian Utilities' value examination focuses on studying past and present price action to predict the probability of Canadian Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Utilities' price. Additionally, you may evaluate how the addition of Canadian Utilities to your portfolios can decrease your overall portfolio volatility.