Canadian Net Receivables from 2010 to 2026
| CU-PJ Stock | 21.99 0.17 0.78% |
Net Receivables | First Reported 2010-12-31 | Previous Quarter 794.6 M | Current Value 693 M | Quarterly Volatility 89.4 M |
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 | Net Receivables |
Latest Canadian Utilities' Net Receivables Growth Pattern
Below is the plot of the Net Receivables of Canadian Utilities Limited over the last few years. It is Canadian Utilities' Net Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Utilities' overall financial position and show how it may be relating to other accounts over time.
| Net Receivables | 10 Years Trend |
|
Net Receivables |
| Timeline |
Canadian Net Receivables Regression Statistics
| Arithmetic Mean | 573,508,824 | |
| Geometric Mean | 567,681,502 | |
| Coefficient Of Variation | 15.58 | |
| Mean Deviation | 72,718,339 | |
| Median | 522,000,000 | |
| Standard Deviation | 89,366,283 | |
| Sample Variance | 7986.3T | |
| Range | 272.6M | |
| R-Value | 0.77 | |
| Mean Square Error | 3522.7T | |
| R-Squared | 0.59 | |
| Significance | 0.0003 | |
| Slope | 13,552,819 | |
| Total Sum of Squares | 127781.3T |
Canadian Net Receivables History
About Canadian Utilities Financial Statements
Canadian Utilities shareholders use historical fundamental indicators, such as Net Receivables, 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.
| Last Reported | Projected for Next Year | ||
| Net Receivables | 794.6 M | 693 M |
Pair Trading with Canadian Utilities
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.Moving against Canadian Stock
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.Additional Tools for Canadian Stock Analysis
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.