Canso Credit Trust Stock Z Score
| PBY-UN Stock | CAD 16.15 0.13 0.81% |
What is Altman Z-Score?
The Altman Z-Score is one of the most widely-used financial formulas to predict bankruptcy risk. Developed by Edward Altman in 1968, this model combines five key financial ratios to generate a single score that indicates the likelihood of financial distress within two years.
How to Interpret Canso Credit Z-Score
Z-Score above 3.0: Safe zone - Low bankruptcy risk
Z-Score 2.7 - 3.0: Gray zone - Moderate risk
Z-Score 1.8 - 2.7: Warning zone - Elevated risk
Z-Score below 1.8: Distress zone - High bankruptcy risk
Why Canso Credit Z-Score Matters
Investors use the Z-Score to assess financial health before making investment decisions. A declining Z-Score over time may signal deteriorating fundamentals, while an improving score suggests strengthening financial position. The model evaluates five critical metrics: working capital to assets, retained earnings to assets, EBIT to assets, market value of equity to total liabilities, and sales to assets.
Canso Credit Z-Score Analysis
The module uses available fundamental data of Canso Credit to calculate the Altman Z score based on five fundamental metrics from the company's most recent public disclosure documents. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Canso Credit Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Canso | Z Score |
Canso Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Canso Credit is extremely important. It helps to project a fair market value of Canso Stock properly, considering its historical fundamentals such as Z Score. Since Canso Credit'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 Canso Credit'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 Canso Credit's interrelated accounts and indicators.
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Canso Credit 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canso Credit's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canso Credit.
| 11/05/2025 |
| 02/03/2026 |
If you would invest 0.00 in Canso Credit on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding Canso Credit Trust or generate 0.0% return on investment in Canso Credit over 90 days. Canso Credit is related to or competes with Brompton Split, Urbana, Urbana, North American, Life Banc, E Split, and Dividend. Canso Credit Trust - Canso Credit Income Fund is a closed ended fixed income mutual fund launched by Lysander Funds Limi... More
Canso Credit Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canso Credit's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canso Credit Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4554 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.6966 |
Canso Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canso Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canso Credit's standard deviation. In reality, there are many statistical measures that can use Canso Credit historical prices to predict the future Canso Credit's volatility.| Risk Adjusted Performance | 0.1025 | |||
| Jensen Alpha | 0.0704 | |||
| Total Risk Alpha | 0.0361 | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canso Credit's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canso Credit February 3, 2026 Technical Indicators
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| Risk Adjusted Performance | 0.1025 | |||
| Market Risk Adjusted Performance | (0.95) | |||
| Mean Deviation | 0.3368 | |||
| Semi Deviation | 0.2255 | |||
| Downside Deviation | 0.4554 | |||
| Coefficient Of Variation | 691.46 | |||
| Standard Deviation | 0.5353 | |||
| Variance | 0.2866 | |||
| Information Ratio | 0.0456 | |||
| Jensen Alpha | 0.0704 | |||
| Total Risk Alpha | 0.0361 | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | (0.96) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.6966 | |||
| Downside Variance | 0.2074 | |||
| Semi Variance | 0.0509 | |||
| Expected Short fall | (0.44) | |||
| Skewness | 2.3 | |||
| Kurtosis | 11.83 |
Canso Credit Trust Backtested Returns
At this point, Canso Credit is very steady. Canso Credit Trust secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canso Credit Trust, which you can use to evaluate the volatility of the firm. Please confirm Canso Credit's Downside Deviation of 0.4554, mean deviation of 0.3368, and Risk Adjusted Performance of 0.1025 to double-check if the risk estimate we provide is consistent with the expected return of 0.0709%. Canso Credit has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0702, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Canso Credit are expected to decrease at a much lower rate. During the bear market, Canso Credit is likely to outperform the market. Canso Credit Trust right now shows a risk of 0.54%. Please confirm Canso Credit Trust treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Canso Credit Trust will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Canso Credit Trust has good reverse predictability. Overlapping area represents the amount of predictability between Canso Credit time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canso Credit Trust price movement. The serial correlation of -0.55 indicates that about 55.0% of current Canso Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
Based on the company's disclosures, Canso Credit Trust has a Z Score of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The z score for all Canada stocks is 100.0% higher than that of the company.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Canso Fundamentals
| Current Valuation | 168.91 M | |||
| Shares Outstanding | 13.14 M | |||
| Shares Owned By Insiders | 33.73 % | |||
| Shares Owned By Institutions | 2.54 % | |||
| EBITDA | 14.75 M | |||
| Net Income | 14.75 M | |||
| Total Debt | 53.15 M | |||
| Cash Flow From Operations | 5.36 M | |||
| Beta | 0.19 | |||
| Market Capitalization | 231.52 M | |||
| Total Asset | 192.07 M | |||
| Net Asset | 192.07 M |
About Canso Credit Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canso Credit Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canso Credit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canso Credit 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 Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.Moving against Canso Stock
| 0.79 | AAPL | Apple Inc CDR | PairCorr |
| 0.79 | AAPL | Apple CDR | PairCorr |
| 0.73 | NFLX | Netflix Inc CDR | PairCorr |
| 0.68 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.68 | MSFT | Microsoft CDR | PairCorr |
The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit 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 Canso Credit 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 Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.