| CF Stock | | | CAD 10.88 0.13 1.21% |
Canaccord Genuity financial indicator trend analysis is way more than just evaluating Canaccord Genuity prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canaccord Genuity is a good investment. Please check the relationship between Canaccord Genuity Dividend Yield and its Payout Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaccord Genuity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Dividend Yield vs Payout Ratio
Dividend Yield vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canaccord Genuity Dividend Yield account and
Payout Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Canaccord Genuity's Dividend Yield and Payout Ratio is -0.58. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Canaccord Genuity Group, assuming nothing else is changed. The correlation between historical values of Canaccord Genuity's Dividend 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 Dividend Yield of Canaccord Genuity Group 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 Dividend Yield i.e., Canaccord Genuity's Dividend Yield and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Dividend Yield
Dividend Yield is Canaccord Genuity Group dividend as a percentage of Canaccord Genuity stock price. Canaccord Genuity dividend yield is a measure of Canaccord Genuity stock productivity, which can be interpreted as interest rate earned on an Canaccord Genuity investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Payout Ratio
Payout Ratio is the proportion of Canaccord Genuity Group 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 Canaccord Genuity dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Canaccord Genuity is paying out more in dividends than it makes in net income.
Most indicators from Canaccord Genuity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canaccord Genuity 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 Canaccord Genuity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Canaccord Genuity's
Tax Provision is very stable compared to the past year. As of the 29th of November 2024,
Enterprise Value Over EBITDA is likely to grow to 2.66, while
Selling General Administrative is likely to drop about 120.1
M.
Canaccord Genuity fundamental ratios Correlations
Click cells to compare fundamentals
Canaccord Genuity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canaccord Genuity fundamental ratios Accounts
Pair Trading with Canaccord Genuity
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 Canaccord Genuity 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 Canaccord Genuity will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Canaccord Genuity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaccord Genuity 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 Canaccord Genuity - 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 Canaccord Genuity Group to buy it.
The correlation of Canaccord Genuity 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 Canaccord Genuity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaccord Genuity 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 Canaccord Genuity 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 Canaccord Stock
Balance Sheet is a snapshot of the
financial position of Canaccord Genuity at a specified time, usually calculated after every quarter, six months, or one year. Canaccord Genuity Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canaccord Genuity 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 Canaccord currently owns. An asset can also be divided into two categories, current and non-current.