Canaccord Pb Ratio vs Days Sales Outstanding Analysis

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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 Pb Ratio and its Days Sales Outstanding 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.

Pb Ratio vs Days Sales Outstanding

Pb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canaccord Genuity Pb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Canaccord Genuity's Pb Ratio and Days Sales Outstanding is -0.35. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Days Sales Outstanding 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 Pb Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Canaccord Genuity Group are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Pb Ratio i.e., Canaccord Genuity's Pb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Pb Ratio

Days Sales Outstanding

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.

	2021	2022	2023	2024 (projected)
Gross Profit	695.0M	477.4M	535.6M	481.0M
Total Revenue	2.0B	1.5B	1.5B	934.8M

Gross Profit Total Revenue

Canaccord Genuity 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Retained Earnings	Accounts Payable	Common Stock Total Equity	Non Current Liabilities Total	Common Stock
Total Assets		0.33	0.19	0.98	0.83	0.42	-0.53	0.82	0.15	0.57	-0.02	0.93	0.92	0.66	0.76	-0.22	0.99	0.45	0.99	0.25	0.57	0.31	0.4	0.79	0.29	0.7
Short Long Term Debt Total	0.33		0.37	0.35	0.3	0.0	0.53	-0.03	0.08	-0.16	0.0	0.22	0.35	0.11	0.56	-0.19	0.32	-0.04	0.31	0.71	-0.37	0.26	-0.06	0.37	-0.15	0.38
Other Current Liab	0.19	0.37		0.14	0.16	0.41	0.13	0.08	0.44	0.32	-0.35	0.12	0.07	-0.24	0.16	-0.56	0.17	0.46	0.13	0.28	0.17	0.57	-0.4	0.0	0.28	-0.04
Total Current Liabilities	0.98	0.35	0.14		0.78	0.34	-0.53	0.83	0.08	0.5	0.05	0.95	0.91	0.67	0.81	-0.17	0.99	0.37	0.99	0.28	0.53	0.25	0.48	0.75	0.19	0.72
Total Stockholder Equity	0.83	0.3	0.16	0.78		0.22	-0.29	0.52	0.06	0.27	0.09	0.71	0.74	0.71	0.79	-0.03	0.77	0.23	0.79	0.22	0.5	0.33	0.07	0.87	0.08	0.82
Property Plant And Equipment Net	0.42	0.0	0.41	0.34	0.22		-0.31	0.39	0.89	0.91	-0.82	0.3	0.41	0.04	0.04	-0.64	0.41	0.97	0.37	-0.15	0.43	0.32	0.18	0.2	0.91	0.06
Net Debt	-0.53	0.53	0.13	-0.53	-0.29	-0.31		-0.86	0.0	-0.62	-0.03	-0.67	-0.39	-0.38	-0.1	0.0	-0.56	-0.41	-0.57	0.38	-0.73	-0.03	-0.45	-0.22	-0.35	-0.15
Cash	0.82	-0.03	0.08	0.83	0.52	0.39	-0.86		0.07	0.64	0.01	0.93	0.67	0.51	0.46	-0.12	0.85	0.48	0.86	-0.02	0.64	0.2	0.51	0.48	0.33	0.4
Non Current Assets Total	0.15	0.08	0.44	0.08	0.06	0.89	0.0	0.07		0.65	-0.98	-0.01	0.21	-0.07	-0.13	-0.55	0.13	0.84	0.1	-0.09	0.14	0.2	0.03	0.12	0.83	0.01
Non Currrent Assets Other	0.57	-0.16	0.32	0.5	0.27	0.91	-0.62	0.64	0.65		-0.58	0.51	0.51	0.16	0.1	-0.55	0.57	0.91	0.54	-0.22	0.64	0.27	0.32	0.22	0.84	0.08
Other Assets	-0.02	0.0	-0.35	0.05	0.09	-0.82	-0.03	0.01	-0.98	-0.58		0.13	-0.11	0.15	0.28	0.49	-0.01	-0.77	0.02	0.17	-0.06	-0.08	-0.04	-0.02	-0.79	0.08
Cash And Short Term Investments	0.93	0.22	0.12	0.95	0.71	0.3	-0.67	0.93	-0.01	0.51	0.13		0.77	0.62	0.76	-0.14	0.94	0.35	0.95	0.22	0.58	0.32	0.43	0.61	0.16	0.58
Net Receivables	0.92	0.35	0.07	0.91	0.74	0.41	-0.39	0.67	0.21	0.51	-0.11	0.77		0.64	0.65	-0.22	0.92	0.42	0.92	0.19	0.46	0.08	0.57	0.82	0.3	0.74
Common Stock Shares Outstanding	0.66	0.11	-0.24	0.67	0.71	0.04	-0.38	0.51	-0.07	0.16	0.15	0.62	0.64		0.57	0.48	0.66	-0.01	0.68	0.04	0.43	-0.3	0.22	0.83	0.1	0.89
Short Term Investments	0.76	0.56	0.16	0.81	0.79	0.04	-0.1	0.46	-0.13	0.1	0.28	0.76	0.65	0.57		-0.12	0.75	0.02	0.77	0.56	0.27	0.43	0.14	0.62	-0.19	0.67
Other Stockholder Equity	-0.22	-0.19	-0.56	-0.17	-0.03	-0.64	0.0	-0.12	-0.55	-0.55	0.49	-0.14	-0.22	0.48	-0.12		-0.21	-0.69	-0.18	-0.1	-0.21	-0.68	-0.18	0.16	-0.4	0.3
Total Liab	0.99	0.32	0.17	0.99	0.77	0.41	-0.56	0.85	0.13	0.57	-0.01	0.94	0.92	0.66	0.75	-0.21		0.44	1.0	0.26	0.56	0.27	0.45	0.75	0.28	0.68
Property Plant And Equipment Gross	0.45	-0.04	0.46	0.37	0.23	0.97	-0.41	0.48	0.84	0.91	-0.77	0.35	0.42	-0.01	0.02	-0.69	0.44		0.41	-0.17	0.47	0.39	0.24	0.18	0.89	0.01
Total Current Assets	0.99	0.31	0.13	0.99	0.79	0.37	-0.57	0.86	0.1	0.54	0.02	0.95	0.92	0.68	0.77	-0.18	1.0	0.41		0.25	0.56	0.25	0.48	0.76	0.24	0.7
Short Term Debt	0.25	0.71	0.28	0.28	0.22	-0.15	0.38	-0.02	-0.09	-0.22	0.17	0.22	0.19	0.04	0.56	-0.1	0.26	-0.17	0.25		-0.35	0.46	-0.18	0.09	-0.25	0.14
Current Deferred Revenue	0.57	-0.37	0.17	0.53	0.5	0.43	-0.73	0.64	0.14	0.64	-0.06	0.58	0.46	0.43	0.27	-0.21	0.56	0.47	0.56	-0.35		0.21	0.2	0.38	0.38	0.3
Retained Earnings	0.31	0.26	0.57	0.25	0.33	0.32	-0.03	0.2	0.2	0.27	-0.08	0.32	0.08	-0.3	0.43	-0.68	0.27	0.39	0.25	0.46	0.21		-0.26	-0.07	0.09	-0.18
Accounts Payable	0.4	-0.06	-0.4	0.48	0.07	0.18	-0.45	0.51	0.03	0.32	-0.04	0.43	0.57	0.22	0.14	-0.18	0.45	0.24	0.48	-0.18	0.2	-0.26		0.21	0.12	0.2
Common Stock Total Equity	0.79	0.37	0.0	0.75	0.87	0.2	-0.22	0.48	0.12	0.22	-0.02	0.61	0.82	0.83	0.62	0.16	0.75	0.18	0.76	0.09	0.38	-0.07	0.21		0.16	0.95
Non Current Liabilities Total	0.29	-0.15	0.28	0.19	0.08	0.91	-0.35	0.33	0.83	0.84	-0.79	0.16	0.3	0.1	-0.19	-0.4	0.28	0.89	0.24	-0.25	0.38	0.09	0.12	0.16		0.01
Common Stock	0.7	0.38	-0.04	0.72	0.82	0.06	-0.15	0.4	0.01	0.08	0.08	0.58	0.74	0.89	0.67	0.3	0.68	0.01	0.7	0.14	0.3	-0.18	0.2	0.95	0.01

Click cells to compare fundamentals

Canaccord Genuity Account Relationship Matchups

Canaccord Genuity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	7.6B	7.3B	6.3B	6.1B	4.2B
Short Long Term Debt Total	334.4M	348.8M	285.1M	433.9M	604.8M	385.0M
Other Current Liab	(1.8B)	3.5B	(2.7B)	2.6B	2.4B	2.6B
Total Current Liabilities	4.7B	6.3B	5.5B	4.4B	4.0B	3.4B
Total Stockholder Equity	928.6M	1.1B	1.2B	1.1B	995.6M	716.3M
Property Plant And Equipment Net	131.0M	108.3M	151.7M	151.9M	254.3M	267.0M
Net Debt	(662.7M)	(1.5B)	(1.5B)	(574.6M)	(250.9M)	(263.4M)
Cash	997.1M	1.9B	1.8B	1.0B	855.6M	705.9M
Non Current Assets Total	746.2M	732.7M	970.1M	1.2B	5.3B	5.5B
Other Assets	39.5M	81.2M	98.2M	90.7M	(4.0B)	(3.8B)
Cash And Short Term Investments	1.9B	2.9B	2.8B	1.7B	1.4B	1.3B
Net Receivables	2.9B	3.5B	2.9B	3.1B	3.2B	2.2B
Common Stock Shares Outstanding	128.3M	109.0M	109.4M	87.4M	91.8M	83.2M
Short Term Investments	931.5M	1.0B	1.1B	715.1M	575.0M	652.0M
Liabilities And Stockholders Equity	6.0B	7.6B	7.3B	6.3B	6.1B	4.2B
Other Stockholder Equity	101.5M	62.4M	64.2M	49.4M	44.5M	42.2M
Total Liab	5.0B	6.5B	5.8B	4.9B	4.8B	3.5B
Property Plant And Equipment Gross	131.0M	277.8M	330.8M	364.3M	501.8M	526.9M
Total Current Assets	5.2B	6.9B	6.3B	5.1B	4.9B	3.7B
Short Term Debt	61.4M	236.4M	14.1M	20.8M	45.8M	43.5M
Current Deferred Revenue	2.0B	2.7B	2.2B	2.0B	1.4B	1.1B
Retained Earnings	(193.1M)	73.2M	251.5M	119.6M	58.5M	38.6M
Accounts Payable	1.7B	2.6B	2.7B	1.7B	1.6B	2.0B
Non Current Liabilities Total	364.7M	169.9M	347.7M	540.4M	734.7M	771.4M
Accumulated Other Comprehensive Income	139.4M	103.5M	69.1M	105.2M	114.9M	60.8M
Common Stock	663.6M	662.4M	576.2M	566.3M	616.5M	504.2M
Other Current Assets	388.4M	494.5M	512.1M	332.1M	268.8M	255.3M
Good Will	395.4M	380.1M	510.3M	622.8M	615.5M	463.2M
Intangible Assets	170.2M	150.9M	187.0M	305.9M	288.3M	186.8M
Other Liab	140.3M	68.2M	33.1M	59.5M	68.5M	46.5M
Net Tangible Assets	146.0M	157.4M	370.4M	275.2M	247.6M	199.0M
Long Term Investments	10.1M	12.2M	22.9M	18.1M	12.9M	11.2M
Short Long Term Debt	889.6M	1.1B	14.1M	20.8M	21.2M	20.1M
Property Plant Equipment	131.0M	108.3M	151.7M	151.9M	174.7M	183.4M
Capital Surpluse	101.5M	62.4M	64.2M	49.4M	44.5M	71.9M
Long Term Debt	207.5M	66.2M	145.5M	293.8M	368.8M	198.1M
Long Term Debt Total	296.4M	136.8M	247.1M	386.3M	444.3M	224.0M

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.

Moving together with Canaccord Stock

0.85	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.89	RY	Royal Bank Earnings Call This Week	Pair Corr
0.87	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.85	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against Canaccord Stock

0.6

Toronto Dominion Bank Earnings Call This Week

Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Canaccord Pb Ratio vs Days Sales Outstanding Analysis

Pb Ratio vs Days Sales Outstanding

Pb Ratio vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Pb Ratio

Days Sales Outstanding

Canaccord Genuity fundamental ratios Correlations

Canaccord Genuity Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canaccord Genuity fundamental ratios Accounts

Pair Trading with Canaccord Genuity

Moving together with Canaccord Stock

Moving against Canaccord Stock

Other Information on Investing in Canaccord Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Liab
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Liabilities	+ 0.98	Total Assets

Other Assets	- 0.98	Non Current Assets Total
Cash	- 0.86	Net Debt
Other Assets	- 0.82	Property Plant And Equipment Net
Non Current Liabilities Total	- 0.79	Other Assets
Property Plant And Equipment Gross	- 0.77	Other Assets
Current Deferred Revenue	- 0.73	Net Debt