Canadian Free Cash Flow Yield vs Payout Ratio 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 Payout Ratio 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 Payout Ratio

Free Cash Flow Yield vs Payout Ratio 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 Payout Ratio. At this time, the significance of the direction appears to have no relationship.

The correlation between Canadian Apartment's Free Cash Flow Yield and Payout Ratio is 0.02. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Payout Ratio 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 Payout Ratio 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 Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Free Cash Flow Yield i.e., Canadian Apartment's Free Cash Flow Yield and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Payout Ratio

Payout Ratio is the proportion of Canadian Apartment Properties earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Canadian Apartment dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Canadian Apartment is paying out more in dividends than it makes in net income.

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

Gross Profit Total Revenue

Canadian Apartment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt	Other Stockholder Equity	Retained Earnings	Intangible Assets	Current Deferred Revenue	Net Receivables
Total Assets		0.99	0.87	0.83	1.0	-0.33	0.98	-0.24	0.37	1.0	0.99	0.05	0.38	0.98	0.79	0.99	0.99	-0.31	0.67	0.9	0.74	-0.87	0.99	-0.48	-0.52	0.65
Short Long Term Debt Total	0.99		0.88	0.8	0.97	-0.35	1.0	-0.26	0.28	0.99	0.98	0.09	0.28	0.98	0.77	1.0	1.0	-0.34	0.61	0.86	0.7	-0.79	0.96	-0.52	-0.56	0.72
Other Current Liab	0.87	0.88		0.74	0.84	-0.12	0.89	-0.2	0.03	0.87	0.84	0.12	0.04	0.83	0.51	0.88	0.89	-0.1	0.4	0.67	0.71	-0.71	0.86	-0.28	-0.34	0.74
Total Current Liabilities	0.83	0.8	0.74		0.83	-0.21	0.8	-0.13	0.25	0.83	0.81	0.09	0.26	0.79	0.87	0.8	0.81	-0.2	0.49	0.91	0.97	-0.8	0.82	-0.6	-0.64	0.36
Total Stockholder Equity	1.0	0.97	0.84	0.83		-0.34	0.96	-0.24	0.41	1.0	0.99	0.03	0.42	0.97	0.8	0.98	0.98	-0.32	0.69	0.91	0.74	-0.9	0.99	-0.45	-0.5	0.61
Property Plant And Equipment Net	-0.33	-0.35	-0.12	-0.21	-0.34		-0.35	0.92	-0.13	-0.33	-0.46	-0.06	-0.14	-0.28	-0.32	-0.32	-0.32	1.0	-0.22	-0.27	-0.02	0.35	-0.32	-0.02	-0.01	-0.19
Net Debt	0.98	1.0	0.89	0.8	0.96	-0.35		-0.26	0.22	0.98	0.98	0.12	0.23	0.97	0.76	0.99	1.0	-0.33	0.57	0.84	0.7	-0.77	0.95	-0.52	-0.56	0.73
Accounts Payable	-0.24	-0.26	-0.2	-0.13	-0.24	0.92	-0.26		0.05	-0.24	-0.37	-0.04	0.04	-0.16	-0.11	-0.24	-0.23	0.92	-0.08	-0.13	0.02	0.3	-0.26	-0.31	-0.29	-0.23
Cash	0.37	0.28	0.03	0.25	0.41	-0.13	0.22	0.05		0.35	0.35	-0.5	1.0	0.41	0.36	0.31	0.3	-0.13	0.9	0.47	0.23	-0.53	0.39	-0.13	-0.12	0.03
Non Current Assets Total	1.0	0.99	0.87	0.83	1.0	-0.33	0.98	-0.24	0.35		0.99	0.06	0.36	0.98	0.79	0.99	0.99	-0.31	0.66	0.9	0.74	-0.87	0.99	-0.48	-0.53	0.65
Non Currrent Assets Other	0.99	0.98	0.84	0.81	0.99	-0.46	0.98	-0.37	0.35	0.99		0.07	0.36	0.96	0.79	0.98	0.98	-0.45	0.65	0.88	0.7	-0.86	0.98	-0.46	-0.5	0.64
Other Assets	0.05	0.09	0.12	0.09	0.03	-0.06	0.12	-0.04	-0.5	0.06	0.07		-0.49	-0.03	0.14	0.09	0.08	-0.06	-0.42	0.02	0.0	0.05	0.06	-0.17	-0.17	-0.04
Cash And Short Term Investments	0.38	0.28	0.04	0.26	0.42	-0.14	0.23	0.04	1.0	0.36	0.36	-0.49		0.42	0.37	0.32	0.31	-0.14	0.91	0.49	0.24	-0.53	0.4	-0.13	-0.12	0.04
Common Stock Total Equity	0.98	0.98	0.83	0.79	0.97	-0.28	0.97	-0.16	0.41	0.98	0.96	-0.03	0.42		0.77	0.98	0.98	-0.26	0.69	0.88	0.71	-0.8	0.95	-0.54	-0.58	0.72
Common Stock Shares Outstanding	0.79	0.77	0.51	0.87	0.8	-0.32	0.76	-0.11	0.36	0.79	0.79	0.14	0.37	0.77		0.77	0.77	-0.31	0.53	0.95	0.76	-0.74	0.77	-0.7	-0.72	0.23
Non Current Liabilities Total	0.99	1.0	0.88	0.8	0.98	-0.32	0.99	-0.24	0.31	0.99	0.98	0.09	0.32	0.98	0.77		1.0	-0.31	0.63	0.87	0.7	-0.81	0.97	-0.5	-0.54	0.71
Total Liab	0.99	1.0	0.89	0.81	0.98	-0.32	1.0	-0.23	0.3	0.99	0.98	0.08	0.31	0.98	0.77	1.0		-0.3	0.63	0.87	0.73	-0.81	0.97	-0.52	-0.56	0.71
Property Plant And Equipment Gross	-0.31	-0.34	-0.1	-0.2	-0.32	1.0	-0.33	0.92	-0.13	-0.31	-0.45	-0.06	-0.14	-0.26	-0.31	-0.31	-0.3		-0.21	-0.26	-0.01	0.34	-0.31	-0.02	-0.02	-0.17
Total Current Assets	0.67	0.61	0.4	0.49	0.69	-0.22	0.57	-0.08	0.9	0.66	0.65	-0.42	0.91	0.69	0.53	0.63	0.63	-0.21		0.68	0.44	-0.72	0.67	-0.22	-0.23	0.34
Common Stock	0.9	0.86	0.67	0.91	0.91	-0.27	0.84	-0.13	0.47	0.9	0.88	0.02	0.49	0.88	0.95	0.87	0.87	-0.26	0.68		0.82	-0.87	0.9	-0.57	-0.6	0.38
Short Term Debt	0.74	0.7	0.71	0.97	0.74	-0.02	0.7	0.02	0.23	0.74	0.7	0.0	0.24	0.71	0.76	0.7	0.73	-0.01	0.44	0.82		-0.73	0.75	-0.56	-0.6	0.32
Other Stockholder Equity	-0.87	-0.79	-0.71	-0.8	-0.9	0.35	-0.77	0.3	-0.53	-0.87	-0.86	0.05	-0.53	-0.8	-0.74	-0.81	-0.81	0.34	-0.72	-0.87	-0.73		-0.92	0.26	0.3	-0.3
Retained Earnings	0.99	0.96	0.86	0.82	0.99	-0.32	0.95	-0.26	0.39	0.99	0.98	0.06	0.4	0.95	0.77	0.97	0.97	-0.31	0.67	0.9	0.75	-0.92		-0.39	-0.44	0.58
Intangible Assets	-0.48	-0.52	-0.28	-0.6	-0.45	-0.02	-0.52	-0.31	-0.13	-0.48	-0.46	-0.17	-0.13	-0.54	-0.7	-0.5	-0.52	-0.02	-0.22	-0.57	-0.56	0.26	-0.39		1.0	-0.19
Current Deferred Revenue	-0.52	-0.56	-0.34	-0.64	-0.5	-0.01	-0.56	-0.29	-0.12	-0.53	-0.5	-0.17	-0.12	-0.58	-0.72	-0.54	-0.56	-0.02	-0.23	-0.6	-0.6	0.3	-0.44	1.0		-0.23
Net Receivables	0.65	0.72	0.74	0.36	0.61	-0.19	0.73	-0.23	0.03	0.65	0.64	-0.04	0.04	0.72	0.23	0.71	0.71	-0.17	0.34	0.38	0.32	-0.3	0.58	-0.19	-0.23

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Canadian Apartment Account Relationship Matchups

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

0.67	AEMC	Alaska Energy Metals	Pair Corr
0.72	CMC	Cielo Waste Solutions	Pair Corr

Moving against Canadian Stock

0.93	LQWD	LQwD FinTech Corp	Pair Corr
0.7	ERC	Eros Resources Corp	Pair Corr
0.68	MATE	Blockmate Ventures Earnings Call Tomorrow	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Canadian Free Cash Flow Yield vs Payout Ratio Analysis

Free Cash Flow Yield vs Payout Ratio

Free Cash Flow Yield vs Payout Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Payout Ratio

Canadian Apartment fundamental ratios Correlations

Canadian Apartment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Apartment fundamental ratios Accounts

Pair Trading with Canadian Apartment

Moving together with Canadian Stock

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity

Retained Earnings	- 0.92	Other Stockholder Equity
Other Stockholder Equity	- 0.9	Total Stockholder Equity
Other Stockholder Equity	- 0.87	Common Stock
Other Stockholder Equity	- 0.87	Non Current Assets Total
Other Stockholder Equity	- 0.87	Total Assets
Other Stockholder Equity	- 0.86	Non Currrent Assets Other