Canfor Historical Cash Flow
| CFP Stock | CAD 17.04 0.27 1.56% |
Analysis of Canfor cash flow over time is an excellent tool to project Canfor future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 170.9 M or Begin Period Cash Flow of 1.3 B as it is a great indicator of Canfor ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Canfor latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canfor is a good buy for the upcoming year.
Canfor |
About Canfor Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Canfor balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canfor's non-liquid assets can be easily converted into cash.
Canfor Cash Flow Chart
Add Fundamental
Depreciation
Depreciation indicates how much of Canfor value has been used up. For tax purposes Canfor can deduct the cost of the tangible assets it purchases as business expenses. However, Canfor must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Capital Expenditures
Capital Expenditures are funds used by Canfor to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Canfor operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most accounts from Canfor's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Canfor current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Canfor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Canfor's End Period Cash Flow is very stable compared to the past year. As of the 23rd of November 2024, Change To Account Receivables is likely to grow to about 24.3 M, while Sale Purchase Of Stock is likely to drop (46.5 M).
Canfor cash flow statement Correlations
Click cells to compare fundamentals
Canfor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Canfor
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 Canfor 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 Canfor will appreciate offsetting losses from the drop in the long position's value.Moving together with Canfor Stock
| 0.75 | AG | First Majestic Silver | PairCorr |
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.84 | FDY | Faraday Copper Corp | PairCorr |
Moving against Canfor Stock
The ability to find closely correlated positions to Canfor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor 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 Canfor - 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 Canfor to buy it.
The correlation of Canfor 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 Canfor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor 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 Canfor 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 Canfor Stock
The Cash Flow Statement is a financial statement that shows how changes in Canfor balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Canfor's non-liquid assets can be easily converted into cash.