Canso Return On Equity from 2010 to 2026
| PBY-UN Stock | CAD 15.99 0.06 0.38% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.0506 | Current Value 0.0652 | Quarterly Volatility 0.07235313 |
Check Canso Credit financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canso Credit's main balance sheet or income statement drivers, such as Depreciation And Amortization of 202.7 K, Selling General Administrative of 3 M or Other Operating Expenses of 6.1 M, as well as many indicators such as Price To Sales Ratio of 8.25, Dividend Yield of 0.0485 or PTB Ratio of 1.1. Canso financial statements analysis is a perfect complement when working with Canso Credit Valuation or Volatility modules.
Canso | Return On Equity |
Latest Canso Credit's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Canso Credit Trust over the last few years. Return on Equity is the amount of Canso Credit Trust net income returned as a percentage of Canso Credit equity. Return on equity measures Canso Credit profitability by revealing how much profit Canso Credit Trust generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Canso Credit's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canso Credit's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0 | 10 Years Trend |
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Return On Equity |
| Timeline |
Canso Return On Equity Regression Statistics
| Arithmetic Mean | 0.06 | |
| Geometric Mean | 0.06 | |
| Coefficient Of Variation | 115.12 | |
| Mean Deviation | 0.06 | |
| Median | 0.07 | |
| Standard Deviation | 0.07 | |
| Sample Variance | 0.01 | |
| Range | 0.2878 | |
| R-Value | 0.0009 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.00000088 | |
| Significance | 1.00 | |
| Slope | 0.000013 | |
| Total Sum of Squares | 0.08 |
Canso Return On Equity History
About Canso Credit Financial Statements
Canso Credit stakeholders use historical fundamental indicators, such as Canso Credit's Return On Equity, to determine how well the company is positioned to perform in the future. Although Canso Credit investors may analyze each financial statement separately, they are all interrelated. For example, changes in Canso Credit's assets and liabilities are reflected in the revenues and expenses on Canso Credit's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Canso Credit Trust. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.05 | 0.07 |
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.Moving against Canso Stock
| 0.35 | BLK | BLACKROCK CDR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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 Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.