Canadian Free Cash Flow Yield vs Operating Cash Flow Per Share Analysis
| CAR-UN Stock | CAD 45.51 0.82 1.83% |
Canadian Apartment financial indicator trend analysis is way more than just evaluating Canadian Apartment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Apartment is a good investment. Please check the relationship between Canadian Apartment Free Cash Flow Yield and its Operating Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Apartment Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Free Cash Flow Yield vs Operating Cash Flow Per Share
Free Cash Flow Yield vs Operating Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Apartment Free Cash Flow Yield account and Operating Cash Flow Per Share. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Canadian Apartment's Free Cash Flow Yield and Operating Cash Flow Per Share is 0.82. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Operating Cash Flow Per Share in the same time period over historical financial statements of Canadian Apartment Properties, assuming nothing else is changed. The correlation between historical values of Canadian Apartment's Free Cash Flow Yield and Operating Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Canadian Apartment Properties are associated (or correlated) with its Operating Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Cash Flow Per Share has no effect on the direction of Free Cash Flow Yield i.e., Canadian Apartment's Free Cash Flow Yield and Operating Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Most indicators from Canadian Apartment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Apartment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Apartment Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. The current year's Enterprise Value is expected to grow to about 1 B, whereas Selling General Administrative is forecasted to decline to about 7.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 610.0M | 592.4M | 630.4M | 661.9M | Total Revenue | 933.1M | 1.0B | 1.1B | 1.1B |
Canadian Apartment fundamental ratios Correlations
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Canadian Apartment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Apartment fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 14.0B | 15.5B | 17.7B | 17.7B | 17.0B | 17.8B | |
| Short Long Term Debt Total | 5.0B | 5.6B | 6.5B | 7.0B | 7.1B | 7.5B | |
| Other Current Liab | 43.3M | 184.5M | 274.1M | 281.9M | 280.3M | 294.4M | |
| Total Current Liabilities | 665.3M | 862.3M | 991.2M | 967.0M | 988.4M | 494.9M | |
| Total Stockholder Equity | 8.4B | 9.3B | 10.4B | 10.0B | 9.3B | 9.7B | |
| Property Plant And Equipment Net | 16.7M | 17.7M | 17.2M | 15.7M | 15.5M | 14.8M | |
| Net Debt | 4.5B | 5.4B | 6.4B | 7.0B | 7.1B | 7.4B | |
| Accounts Payable | 116.5M | 58.4M | 56.8M | 55.3M | 41.7M | 65.8M | |
| Cash | 477.3M | 121.7M | 73.4M | 47.3M | 29.5M | 58.0M | |
| Non Current Assets Total | 13.5B | 15.3B | 17.6B | 17.5B | 16.8B | 17.6B | |
| Non Currrent Assets Other | 13.2B | 15.0B | 17.2B | 17.3B | 16.5B | 17.4B | |
| Other Assets | 7.1M | 2.5M | 121.3M | 56.4M | 50.8M | 48.3M | |
| Cash And Short Term Investments | 477.3M | 121.7M | 73.4M | 51.7M | 35.2M | 52.6M | |
| Common Stock Total Equity | 2.5B | 2.9B | 4.0B | 4.1B | 4.7B | 5.0B | |
| Common Stock Shares Outstanding | 159.1M | 171.7M | 174.0M | 174.8M | 169.6M | 94.2M | |
| Liabilities And Stockholders Equity | 14.0B | 15.5B | 17.7B | 17.7B | 17.0B | 17.8B | |
| Non Current Liabilities Total | 4.9B | 5.4B | 6.3B | 6.8B | 6.7B | 7.0B | |
| Total Liab | 5.6B | 6.2B | 7.3B | 7.7B | 7.7B | 8.1B | |
| Property Plant And Equipment Gross | 16.7M | 17.7M | 50.8M | 55.5M | 63.6M | 60.4M | |
| Total Current Assets | 536.1M | 166.7M | 137.2M | 249.6M | 189.4M | 198.9M | |
| Common Stock | 4.0B | 4.1B | 4.2B | 4.2B | 4.2B | 2.4B | |
| Short Term Debt | 437.6M | 605.0M | 644.6M | 614.5M | 651.4M | 332.3M | |
| Other Stockholder Equity | (8.4B) | (9.2B) | (10.4B) | (10.0B) | (5.1B) | (4.8B) | |
| Accumulated Other Comprehensive Income | (19.5M) | 70.0M | (43.4M) | (25.9M) | (12.5M) | (13.2M) | |
| Retained Earnings | 4.4B | 5.1B | 6.2B | 5.8B | 5.1B | 5.3B | |
| Current Deferred Revenue | 67.8M | 14.4M | 15.7M | 15.4M | 15.0M | 14.2M | |
| Net Receivables | 14.0M | 15.4M | 17.9M | 17.7M | 63.3M | 66.5M | |
| Other Current Assets | (500.3M) | (146.5M) | 8.1M | 164.0M | 17.0M | 17.9M | |
| Other Liab | 411.6M | 402.6M | 504.9M | 370.9M | 426.6M | 447.9M | |
| Net Tangible Assets | 8.4B | 9.3B | 10.4B | 10.0B | 11.5B | 6.9B | |
| Long Term Debt | 4.5B | 4.9B | 5.8B | 6.4B | 6.4B | 4.7B | |
| Deferred Long Term Liab | 1.3M | 451K | 1.3M | 1.5M | 1.4M | 1.3M | |
| Long Term Investments | 266.0M | 294.4M | 297.8M | 203.9M | 176.5M | 198.0M | |
| Short Long Term Debt | 436.4M | 603.8M | 643.5M | 613.3M | 651.4M | 508.1M | |
| Property Plant Equipment | 13.1B | 15.0B | 17.1B | 17.2B | 19.7B | 11.8B | |
| Net Invested Capital | 13.3B | 14.8B | 16.8B | 17.0B | 16.3B | 15.4B | |
| Net Working Capital | (129.2M) | (679.4M) | (854.0M) | (717.4M) | (799.0M) | (838.9M) |
Pair Trading with Canadian Apartment
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 Canadian Apartment 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 Canadian Apartment will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
Moving against Canadian Stock
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The ability to find closely correlated positions to Canadian Apartment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Apartment 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 Canadian Apartment - 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 Apartment Properties to buy it.
The correlation of Canadian Apartment 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 Canadian Apartment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Apartment 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 Canadian Apartment 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 Canadian Stock
Balance Sheet is a snapshot of the financial position of Canadian Apartment at a specified time, usually calculated after every quarter, six months, or one year. Canadian Apartment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian Apartment and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canadian currently owns. An asset can also be divided into two categories, current and non-current.