Cargojet Set to Announce Earnings on Monday - MarketBeat
| CJT Stock | CAD 95.02 3.67 4.02% |
About 55% of Cargojet's investors are presently thinking to get in. The analysis of overall sentiment of trading Cargojet stock suggests that some investors are interested at this time. Cargojet's investing sentiment overview a quick insight into current market opportunities from investing in Cargojet. Many technical investors use Cargojet stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Cargojet |
Cargojet Set to Announce Earnings on Monday MarketBeat
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Cargojet Fundamental Analysis
We analyze Cargojet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cargojet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cargojet 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Cargojet is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Cargojet Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cargojet stock to make a market-neutral strategy. Peer analysis of Cargojet could also be used in its relative valuation, which is a method of valuing Cargojet by comparing valuation metrics with similar companies.
Peers
Cargojet Related Equities
| XEG | IShares SPTSX | 2.97 | ||||
| TCS | TECSYS | 1.15 | ||||
| REAL | Real Matters | 0.83 | ||||
| ALA-PA | Altagas Cum | 0.57 | ||||
| XHB | IShares Canadian | 0.35 | ||||
| RUDB | RBC Discount | 0.23 | ||||
| ERE-UN | European Residential | 1.59 |
Other Information on Investing in Cargojet Stock
Cargojet financial ratios help investors to determine whether Cargojet 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 Cargojet with respect to the benefits of owning Cargojet security.