Income Financial Trust Stock Cash And Equivalents
| INC-UN Stock | CAD 8.76 0.06 0.68% |
Income Financial Trust fundamentals help investors to digest information that contributes to Income Financial's financial success or failures. It also enables traders to predict the movement of Income Stock. The fundamental analysis module provides a way to measure Income Financial'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 Income Financial stock.
Income |
Income Financial Trust Company Cash And Equivalents Analysis
Income Financial'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 Income Financial Cash And Equivalents | 765.49 K |
Most of Income Financial'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, Income Financial Trust 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).
| Competition |
In accordance with the recently published financial statements, Income Financial Trust has 765.49 K in Cash And Equivalents. This is 100.0% lower than that of the Capital Markets sector and 99.99% lower than that of the Financials industry. The cash and equivalents for all Canada stocks is 99.97% higher than that of the company.
Income Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Income Financial'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 Income Financial could also be used in its relative valuation, which is a method of valuing Income Financial by comparing valuation metrics of similar companies.Income Financial is currently under evaluation in cash and equivalents category among its peers.
Income Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.92 % | ||||
| Operating Margin | 0.92 % | ||||
| Current Valuation | 29.16 M | ||||
| Shares Outstanding | 3.35 M | ||||
| Number Of Shares Shorted | 437 | ||||
| Price To Earning | 14.40 X | ||||
| Price To Book | 1.21 X | ||||
| Price To Sales | 5.84 X | ||||
| Revenue | 1.61 M | ||||
| Gross Profit | 5.11 M | ||||
| EBITDA | 1.15 M | ||||
| Net Income | 1.12 M | ||||
| Cash And Equivalents | 765.49 K | ||||
| Cash Per Share | 0.33 X | ||||
| Total Debt | 368.71 K | ||||
| Current Ratio | 3.03 X | ||||
| Book Value Per Share | 7.32 X | ||||
| Cash Flow From Operations | 430.48 K | ||||
| Short Ratio | 0.08 X | ||||
| Earnings Per Share | 1.41 X | ||||
| Beta | 1.56 | ||||
| Market Capitalization | 29.82 M | ||||
| Total Asset | 23.71 M | ||||
| Annual Yield | 0.09 % | ||||
| Five Year Return | 9.19 % | ||||
| Net Asset | 23.71 M | ||||
| Last Dividend Paid | 0.79 |
About Income Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Income Financial Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Income Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Income Financial Trust 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 Income Financial
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 Income Financial 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 Income Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Income Stock
Moving against Income Stock
The ability to find closely correlated positions to Income Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Financial 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 Income Financial - 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 Income Financial Trust to buy it.
The correlation of Income Financial 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 Income Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Financial Trust 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 Income Financial 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 Income Stock
Income Financial financial ratios help investors to determine whether Income 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 Income with respect to the benefits of owning Income Financial security.