Canadian Banc Corp Stock Buy Hold or Sell Recommendation
| BK Stock | CAD 11.96 0.13 1.08% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Canadian Banc Corp is 'Cautious Hold'. The recommendation algorithm takes into account all of Bank of New York's available fundamental, technical, and predictive indicators you will find on this site.
Check out Bank of New York Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Bank and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Canadian Banc Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Bank |
Execute Bank of New York Buy or Sell Advice
The Bank recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canadian Banc Corp. Macroaxis does not own or have any residual interests in Canadian Banc Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bank of New York's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Strong | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Bank of New York Trading Alerts and Improvement Suggestions
| Canadian Banc Corp has high likelihood to experience some financial distress in the next 2 years | |
| Canadian Banc Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (40.41 M) with profit before overhead, payroll, taxes, and interest of 6.92 M. | |
| Canadian Banc Corp has accumulated about 226.1 M in cash with (136.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.38, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Canadian Banc Corp. Monthly Dividend Declaration for Class A Preferred Share - Yahoo Finance |
Bank of New York Returns Distribution Density
The distribution of Bank of New York's historical returns is an attempt to chart the uncertainty of Bank of New York's future price movements. The chart of the probability distribution of Bank of New York daily returns describes the distribution of returns around its average expected value. We use Canadian Banc Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bank of New York returns is essential to provide solid investment advice for Bank of New York.
| Mean Return | 0.18 | Value At Risk | -0.51 | Potential Upside | 1.11 | Standard Deviation | 0.50 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bank of New York historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Bank of New York Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (11.8M) | (502.3K) | 55.1M | 135.5M | 155.8M | 163.6M | |
| Free Cash Flow | 8.9M | 26.8M | (52.8M) | (136.8M) | (157.3M) | (149.5M) | |
| Other Non Cash Items | 28.3M | (29.2M) | (47.4M) | (96.4M) | (110.9M) | (105.3M) | |
| Dividends Paid | 13.7M | 16.5M | 34.4M | 60.3M | 69.4M | 72.8M | |
| Net Income | (19.3M) | 55.9M | (5.2M) | (40.4M) | (36.4M) | (34.6M) | |
| End Period Cash Flow | 5.8M | 5.3M | 60.4M | 195.9M | 225.3M | 236.5M | |
| Change To Netincome | 8.5M | 28.3M | (29.3M) | (48.9M) | (44.0M) | (41.8M) |
Bank of New York Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bank of New York or Capital Markets sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bank of New York's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bank stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.49 | |
Ir | Information ratio | 0.12 |
Bank of New York Volatility Alert
Canadian Banc Corp exhibits very low volatility with skewness of 0.21 and kurtosis of 1.04. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bank of New York's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bank of New York's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Bank of New York Fundamentals Vs Peers
Comparing Bank of New York's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bank of New York's direct or indirect competition across all of the common fundamentals between Bank of New York and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bank of New York or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Bank of New York's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bank of New York by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Bank of New York to competition |
| Fundamentals | Bank of New York | Peer Average |
| Return On Equity | 0.24 | -0.31 |
| Return On Asset | 0.11 | -0.14 |
| Profit Margin | 0.63 % | (1.27) % |
| Operating Margin | 0.96 % | (5.51) % |
| Current Valuation | 48.86 M | 16.62 B |
| Shares Outstanding | 30.19 M | 571.82 M |
| Number Of Shares Shorted | 9.31 K | 4.71 M |
| Price To Earning | 6.29 X | 28.72 X |
| Price To Book | 1.17 X | 9.51 X |
| Price To Sales | 3.76 X | 11.42 X |
| Revenue | (8.58 M) | 9.43 B |
| Gross Profit | 6.92 M | 27.38 B |
| EBITDA | (13.91 M) | 3.9 B |
| Net Income | (40.41 M) | 570.98 M |
| Cash And Equivalents | 226.1 M | 2.7 B |
| Cash Per Share | 20.38 X | 5.01 X |
| Total Debt | 364.56 M | 5.32 B |
| Debt To Equity | 97.90 % | 48.70 % |
| Current Ratio | 2.00 X | 2.16 X |
| Book Value Per Share | 10.31 X | 1.93 K |
| Cash Flow From Operations | (136.8 M) | 971.22 M |
| Short Ratio | 0.09 X | 4.00 X |
| Earnings Per Share | 2.33 X | 3.12 X |
| Beta | 1.22 | -0.15 |
| Market Capitalization | 364.96 M | 19.03 B |
| Total Asset | 630.28 M | 29.47 B |
| Annual Yield | 0.14 % | |
| Five Year Return | 10.27 % | |
| Net Asset | 630.28 M | |
| Last Dividend Paid | 1.7 |
Bank of New York Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bank . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2709.65 | |||
| Daily Balance Of Power | (0.72) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 12.04 | |||
| Day Typical Price | 12.01 | |||
| Price Action Indicator | (0.14) | |||
| Period Momentum Indicator | (0.13) |
About Bank of New York Buy or Sell Advice
When is the right time to buy or sell Canadian Banc Corp? Buying financial instruments such as Bank Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Bank of New York in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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Other Information on Investing in Bank Stock
Bank of New York financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of New York security.