Canal Capital Stock Fundamentals
Canal Capital fundamentals help investors to digest information that contributes to Canal Capital's financial success or failures. It also enables traders to predict the movement of Canal Stock. The fundamental analysis module provides a way to measure Canal Capital'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 Canal Capital stock.
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Canal Capital Company Cash And Equivalents Analysis
Canal Capital's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Canal Capital Cash And Equivalents | 195.19 K |
Most of Canal Capital's fundamental indicators, such as Cash And Equivalents, 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, Canal Capital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Canal Capital has 195.19 K in Cash And Equivalents. This is 99.93% lower than that of the Real Estate sector and 99.91% lower than that of the Real Estate - General industry. The cash and equivalents for all United States stocks is 99.99% higher than that of the company.
Canal Capital Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Canal Capital's current stock value. Our valuation model uses many indicators to compare Canal Capital value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canal Capital competition to find correlations between indicators driving Canal Capital's intrinsic value. More Info.Canal Capital is the top company in revenue category among its peers. It also is number one stock in ebitda category among its peers totaling about 0.15 of EBITDA per Revenue. The ratio of Revenue to EBITDA for Canal Capital is roughly 6.55 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Canal Capital by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Canal Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canal Capital's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canal Capital could also be used in its relative valuation, which is a method of valuing Canal Capital by comparing valuation metrics of similar companies.Canal Capital is currently under evaluation in cash and equivalents category among its peers.
Canal Fundamentals
| Revenue | 2.04 M | |||
| EBITDA | 310.6 K | |||
| Net Income | (741.29 K) | |||
| Cash And Equivalents | 195.19 K | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 106.39 K | |||
| Debt To Equity | 45.80 % | |||
| Current Ratio | 2.89 X | |||
| Book Value Per Share | 0.30 X | |||
| Cash Flow From Operations | (414.43 K) | |||
| Number Of Employees | 25 | |||
| Beta | 8.36 | |||
| Market Capitalization | 43 | |||
| Total Asset | 3.17 M | |||
| Retained Earnings | (12.06 M) | |||
| Net Asset | 3.17 M |
About Canal Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canal Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canal Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canal Capital 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.Canal Capital Corporation engages in real estate and stockyard operations in the United States. Canal Capital Corporation was founded in 1964 and is headquartered in Port Jefferson Station, New York. Canal Capital operates under Real Estate - General classification in USA and is traded on BATS Exchange. It employs 25 people.
Pair Trading with Canal Capital
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 Canal Capital 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 Canal Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canal Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canal Capital 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 Canal Capital - 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 Canal Capital to buy it.
The correlation of Canal Capital 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 Canal Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canal Capital 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 Canal Capital 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.Additional Tools for Canal Stock Analysis
When running Canal Capital's price analysis, check to measure Canal Capital'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 Canal Capital is operating at the current time. Most of Canal Capital's value examination focuses on studying past and present price action to predict the probability of Canal Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canal Capital's price. Additionally, you may evaluate how the addition of Canal Capital to your portfolios can decrease your overall portfolio volatility.