Canadian Tire Stock Buy Hold or Sell Recommendation
| CTC-A Stock | CAD 150.16 0.36 0.24% |
Assuming the 90 days trading horizon and your way above-average risk tolerance, our recommendation regarding Canadian Tire is 'Not Rated'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canadian Tire given historical horizon and risk tolerance towards Canadian Tire. When Macroaxis issues a 'buy' or 'sell' recommendation for Canadian Tire, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Canadian Tire 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. Note, we conduct extensive research on individual companies such as Canadian and provide practical buy, sell, or hold advice based on investors' constraints. Canadian Tire. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Canadian |
Execute Canadian Tire Buy or Sell Advice
The Canadian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canadian Tire. Macroaxis does not own or have any residual interests in Canadian Tire or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canadian Tire's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canadian Tire Trading Alerts and Improvement Suggestions
| Canadian Tire generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Restaurant Brands International Staying Cautious On Comparable Sales Growth Trends - Seeking Alpha |
Canadian Tire Returns Distribution Density
The distribution of Canadian Tire's historical returns is an attempt to chart the uncertainty of Canadian Tire's future price movements. The chart of the probability distribution of Canadian Tire daily returns describes the distribution of returns around its average expected value. We use Canadian Tire price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canadian Tire returns is essential to provide solid investment advice for Canadian Tire.
| Mean Return | 0.01 | Value At Risk | -1.47 | Potential Upside | 1.66 | Standard Deviation | 0.92 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canadian Tire 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.
Canadian Tire Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (275.3M) | 1.1B | 424.5M | (1.4B) | (15.1M) | (14.3M) | |
| Free Cash Flow | 473.8M | 2.0B | 1.0B | (268.6M) | 685.1M | 719.4M | |
| Depreciation | 657.5M | 695.3M | 701.5M | 743.5M | 802.2M | 842.3M | |
| Other Non Cash Items | (3.6M) | 1.2B | (264.3M) | (1.2B) | 374.7M | 393.4M | |
| Dividends Paid | 242.5M | 262.9M | 271.1M | 325.8M | 360.8M | 378.8M | |
| Capital Expenditures | 613.8M | 436.5M | 778.8M | 834.6M | 668.6M | 499.8M | |
| Net Income | 894.8M | 862.6M | 1.3B | 1.2B | 339.1M | 513.0M | |
| End Period Cash Flow | 195.1M | 1.3B | 1.8B | 326.3M | 311.2M | 295.6M | |
| Investments | (4.2M) | (441.6M) | (43.2M) | (329.9M) | (747.8M) | (710.4M) | |
| Net Borrowings | (203.5M) | (1.0B) | (492.4M) | 136.3M | 122.7M | 128.8M | |
| Change To Netincome | 29.5M | 254.3M | 230.5M | 9.9M | 11.4M | 10.8M |
Canadian Tire 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 Canadian Tire or Specialty Retail 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 Canadian Tire'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 Canadian 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 | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 0.90 | |
Ir | Information ratio | -0.11 |
Canadian Tire Volatility Alert
Canadian Tire has low volatility with Treynor Ratio of 0.0, Maximum Drawdown of 5.12 and kurtosis of 1.24. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canadian Tire'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 Canadian Tire'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.Canadian Tire Fundamentals Vs Peers
Comparing Canadian Tire'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 Canadian Tire's direct or indirect competition across all of the common fundamentals between Canadian Tire and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canadian Tire or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canadian Tire's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canadian Tire by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canadian Tire to competition |
| Fundamentals | Canadian Tire | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.0372 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.08 % | (5.51) % |
| Current Valuation | 16.76 B | 16.62 B |
| Shares Outstanding | 52.2 M | 571.82 M |
| Shares Owned By Insiders | 1.00 % | 10.09 % |
| Shares Owned By Institutions | 31.97 % | 39.21 % |
| Number Of Shares Shorted | 871.47 K | 4.71 M |
| Price To Earning | 16.95 X | 28.72 X |
| Price To Book | 1.46 X | 9.51 X |
| Price To Sales | 0.53 X | 11.42 X |
| Revenue | 16.66 B | 9.43 B |
| Gross Profit | 5.74 B | 27.38 B |
| EBITDA | 1.8 B | 3.9 B |
| Net Income | 339.1 M | 570.98 M |
| Cash And Equivalents | 1.7 B | 2.7 B |
| Cash Per Share | 28.04 X | 5.01 X |
| Total Debt | 8.81 B | 5.32 B |
| Debt To Equity | 1.86 % | 48.70 % |
| Current Ratio | 1.91 X | 2.16 X |
| Book Value Per Share | 102.83 X | 1.93 K |
| Cash Flow From Operations | 1.35 B | 971.22 M |
| Short Ratio | 3.31 X | 4.00 X |
| Earnings Per Share | 11.61 X | 3.12 X |
| Price To Earnings To Growth | 0.34 X | 4.89 X |
| Target Price | 161.55 | |
| Number Of Employees | 14.32 K | 18.84 K |
| Beta | 1.33 | -0.15 |
| Market Capitalization | 8.66 B | 19.03 B |
| Total Asset | 21.98 B | 29.47 B |
| Retained Earnings | 5.13 B | 9.33 B |
| Working Capital | 4.9 B | 1.48 B |
Canadian Tire Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canadian . 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 | 2630.39 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 150.58 | |||
| Day Typical Price | 150.44 | |||
| Price Action Indicator | (0.61) | |||
| Period Momentum Indicator | (0.36) |
About Canadian Tire Buy or Sell Advice
When is the right time to buy or sell Canadian Tire? Buying financial instruments such as Canadian 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 Canadian Tire 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 Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 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 Services Theme or any other thematic opportunities.
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Additional Tools for Canadian Stock Analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire's 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 Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.