Canadian Banc Corp Stock Return On Asset
| BK Stock | CAD 11.96 0.13 1.08% |
Canadian Banc Corp fundamentals help investors to digest information that contributes to Bank of New York's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of New York's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of New York stock.
As of the 28th of November 2024, Return On Assets is likely to grow to -0.02. Bank | Return On Asset |
Canadian Banc Corp Company Return On Asset Analysis
Bank of New York's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Bank of New York Return On Asset | 0.11 |
Most of Bank of New York's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Banc Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bank Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Bank of New York is extremely important. It helps to project a fair market value of Bank Stock properly, considering its historical fundamentals such as Return On Asset. Since Bank of New York's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bank of New York's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bank of New York's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Bank Total Assets
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Based on the latest financial disclosure, Canadian Banc Corp has a Return On Asset of 0.1066. This is 122.68% lower than that of the Capital Markets sector and 95.98% lower than that of the Financials industry. The return on asset for all Canada stocks is 176.14% lower than that of the firm.
Bank Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of New York's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of New York could also be used in its relative valuation, which is a method of valuing Bank of New York by comparing valuation metrics of similar companies.Bank of New York is currently under evaluation in return on asset category among its peers.
Bank of New York Current Valuation Drivers
We derive many important indicators used in calculating different scores of Bank of New York from analyzing Bank of New York's financial statements. These drivers represent accounts that assess Bank of New York's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bank of New York's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 109.5M | 117.5M | 95.0M | 218.9M | 251.7M | 133.2M | |
| Enterprise Value | 208.2M | 210.9M | 196.0M | 387.6M | 348.8M | 366.2M |
Bank Fundamentals
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.63 % | ||||
| Operating Margin | 0.96 % | ||||
| Current Valuation | 48.86 M | ||||
| Shares Outstanding | 30.19 M | ||||
| Number Of Shares Shorted | 9.31 K | ||||
| Price To Earning | 6.29 X | ||||
| Price To Book | 1.17 X | ||||
| Price To Sales | 3.76 X | ||||
| Revenue | (8.58 M) | ||||
| Gross Profit | 6.92 M | ||||
| EBITDA | (13.91 M) | ||||
| Net Income | (40.41 M) | ||||
| Cash And Equivalents | 226.1 M | ||||
| Cash Per Share | 20.38 X | ||||
| Total Debt | 364.56 M | ||||
| Debt To Equity | 97.90 % | ||||
| Current Ratio | 2.00 X | ||||
| Book Value Per Share | 10.31 X | ||||
| Cash Flow From Operations | (136.8 M) | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | 2.33 X | ||||
| Beta | 1.22 | ||||
| Market Capitalization | 364.96 M | ||||
| Total Asset | 630.28 M | ||||
| Annual Yield | 0.14 % | ||||
| Five Year Return | 10.27 % | ||||
| Net Asset | 630.28 M | ||||
| Last Dividend Paid | 1.7 |
About Bank of New York Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Banc Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of New York using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Banc Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bank of New York
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 Bank of New York 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 Bank of New York will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.85 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.86 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.84 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.8 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Bank Stock
| 0.43 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bank of New York could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of New York 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 Bank of New York - 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 Banc Corp to buy it.
The correlation of Bank of New York 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 Bank of New York moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Banc Corp 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 Bank of New York 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 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.