Cargojet Stock Buy Hold or Sell Recommendation
| CJT Stock | CAD 121.54 1.61 1.31% |
Assuming the 90 days trading horizon and your highly speculative risk level, our recommendation regarding Cargojet is 'Hold'. The recommendation algorithm takes into account all of Cargojet's available fundamental, technical, and predictive indicators you will find on this site.
Check out Cargojet 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 Cargojet and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Cargojet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cargojet |
Execute Cargojet Buy or Sell Advice
The Cargojet recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cargojet. Macroaxis does not own or have any residual interests in Cargojet or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cargojet's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Cargojet Trading Alerts and Improvement Suggestions
| Cargojet generated a negative expected return over the last 90 days | |
| Cargojet has accumulated 799.2 M in total debt with debt to equity ratio (D/E) of 2.72, implying the company greatly relies on financing operations through barrowing. Cargojet has a current ratio of 0.65, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cargojet until it has trouble settling it off, either with new capital or with free cash flow. So, Cargojet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cargojet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cargojet to invest in growth at high rates of return. When we think about Cargojet's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: Cargojet announces renewal of normal course issuer bid for voting shares - MSN |
Cargojet Returns Distribution Density
The distribution of Cargojet's historical returns is an attempt to chart the uncertainty of Cargojet's future price movements. The chart of the probability distribution of Cargojet daily returns describes the distribution of returns around its average expected value. We use Cargojet price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cargojet returns is essential to provide solid investment advice for Cargojet.
| Mean Return | -0.02 | Value At Risk | -2.7 | Potential Upside | 2.72 | Standard Deviation | 1.78 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cargojet 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.
Cargojet 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 Cargojet or Air Freight & Logistics 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 Cargojet'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 Cargojet 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 | -0.04 | |
β | Beta against Dow Jones | 0.1 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | -0.08 |
Cargojet Volatility Alert
Cargojet exhibits very low volatility with skewness of -0.35 and kurtosis of 2.69. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cargojet'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 Cargojet'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.Cargojet Fundamentals Vs Peers
Comparing Cargojet'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 Cargojet's direct or indirect competition across all of the common fundamentals between Cargojet and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cargojet or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cargojet's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cargojet by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cargojet to competition |
| Fundamentals | Cargojet | Peer Average |
| Return On Equity | 0.0029 | -0.31 |
| Return On Asset | 0.0254 | -0.14 |
| Profit Margin | 0 % | (1.27) % |
| Operating Margin | 0.16 % | (5.51) % |
| Current Valuation | 2.62 B | 16.62 B |
| Shares Outstanding | 15.86 M | 571.82 M |
| Shares Owned By Insiders | 2.80 % | 10.09 % |
| Shares Owned By Institutions | 50.20 % | 39.21 % |
| Number Of Shares Shorted | 284.19 K | 4.71 M |
| Price To Earning | 226.44 X | 28.72 X |
| Price To Book | 2.74 X | 9.51 X |
| Price To Sales | 2.07 X | 11.42 X |
| Revenue | 877.5 M | 9.43 B |
| Gross Profit | 247.5 M | 27.38 B |
| EBITDA | 243.1 M | 3.9 B |
| Net Income | 37.3 M | 570.98 M |
| Cash And Equivalents | 1.4 M | 2.7 B |
| Cash Per Share | 0.09 X | 5.01 X |
| Total Debt | 799.2 M | 5.32 B |
| Debt To Equity | 2.72 % | 48.70 % |
| Current Ratio | 0.66 X | 2.16 X |
| Book Value Per Share | 44.91 X | 1.93 K |
| Cash Flow From Operations | 192.8 M | 971.22 M |
| Short Ratio | 4.34 X | 4.00 X |
| Earnings Per Share | 0.23 X | 3.12 X |
| Target Price | 161.64 | |
| Number Of Employees | 1.89 K | 18.84 K |
| Beta | 0.92 | -0.15 |
| Market Capitalization | 1.93 B | 19.03 B |
| Total Asset | 2.04 B | 29.47 B |
| Retained Earnings | 160.8 M | 9.33 B |
| Working Capital | 91.8 M | 1.48 B |
| Current Asset | 40.52 M | 9.34 B |
Cargojet Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cargojet . 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 | 0.0286 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 122.54 | |||
| Day Typical Price | 122.21 | |||
| Market Facilitation Index | 3.55 | |||
| Price Action Indicator | (1.81) | |||
| Period Momentum Indicator | (1.61) |
About Cargojet Buy or Sell Advice
When is the right time to buy or sell Cargojet? Buying financial instruments such as Cargojet 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 Cargojet 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?
Run Precious Metals Funds Thematic Idea Now
Precious Metals Funds
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 37 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 Precious Metals Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Cargojet Stock
Cargojet financial ratios help investors to determine whether Cargojet 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 Cargojet with respect to the benefits of owning Cargojet security.