CIX Book Value Per Share vs Price To Sales Ratio Analysis
| CIX Stock | CAD 31.22 7.21 30.03% |
CI Financial financial indicator trend analysis is way more than just evaluating CI Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CI Financial Corp is a good investment. Please check the relationship between CI Financial Book Value Per Share and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CI Financial Corp. 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.
Book Value Per Share vs Price To Sales Ratio
Book Value Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CI Financial Corp Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between CI Financial's Book Value Per Share and Price To Sales Ratio is 0.1. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of CI Financial Corp, assuming nothing else is changed. The correlation between historical values of CI Financial's Book Value Per Share and Price To Sales 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 Book Value Per Share of CI Financial Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Book Value Per Share i.e., CI Financial's Book Value Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Price To Sales Ratio
Price to Sales Ratio is figured by comparing CI Financial Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CI Financial sales, a figure that is much harder to manipulate than other CI Financial Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from CI Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CI Financial Corp 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 CI Financial Corp. 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, CI Financial's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 153.3 M, while Sales General And Administrative To Revenue is likely to drop 0.18.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.7B | 2.0B | 2.1B | 1.1B | Total Revenue | 2.7B | 2.4B | 3.2B | 3.4B |
CI Financial fundamental ratios Correlations
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CI Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CI Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 4.4B | 6.4B | 8.7B | 9.7B | 10.0B | 10.5B | |
| Total Current Liabilities | 1.2B | 1.8B | 2.6B | 3.3B | 5.0B | 5.3B | |
| Total Stockholder Equity | 1.5B | 1.6B | 1.6B | 1.6B | 1.0B | 1.4B | |
| Property Plant And Equipment Net | 90.8M | 97.6M | 195.2M | 195.0M | 314.8M | 330.6M | |
| Retained Earnings | (474.0M) | (287.6M) | (226.7M) | (160.6M) | (454.4M) | (431.7M) | |
| Non Current Assets Total | 3.6B | 4.5B | 6.8B | 7.9B | 8.3B | 8.7B | |
| Cash And Short Term Investments | 256.8M | 617.0M | 362.6M | 194.1M | 1.3B | 1.3B | |
| Common Stock Shares Outstanding | 235.2M | 215.6M | 202.5M | 189.8M | 171.5M | 265.1M | |
| Short Term Investments | 138.4M | 133.4M | 131.8M | 40.4M | 42.8M | 40.6M | |
| Liabilities And Stockholders Equity | 4.4B | 6.4B | 8.7B | 9.7B | 10.0B | 10.5B | |
| Non Current Liabilities Total | 1.7B | 2.9B | 4.5B | 4.8B | 3.9B | 4.1B | |
| Other Current Assets | (841.9M) | (1.9B) | (100K) | (1.9B) | (1.7B) | (1.6B) | |
| Other Stockholder Equity | 23.4M | 22.8M | 28.4M | (1.5B) | (1.4B) | (1.4B) | |
| Total Liab | 2.9B | 4.7B | 7.0B | 8.1B | 8.9B | 9.4B | |
| Property Plant And Equipment Gross | 90.8M | 97.6M | 195.2M | 287.9M | 417.0M | 437.8M | |
| Total Current Assets | 817.7M | 1.8B | 1.8B | 1.8B | 1.7B | 1.8B | |
| Short Term Debt | 460.9M | 218.7M | 317.7M | 344.0M | 1.9B | 2.0B | |
| Intangible Assets | 1.9B | 2.2B | 2.9B | 3.2B | 3.2B | 3.4B | |
| Other Current Liab | 94.5M | 354.2M | 565.5M | 1.3B | 3.0B | 3.2B | |
| Non Currrent Assets Other | 1.8M | 60.6M | 76.2M | 87.8M | 105.2M | 130.6M | |
| Net Receivables | 196.0M | 248.5M | 276.6M | 332.8M | 472.9M | 496.6M | |
| Common Stock Total Equity | 2.4B | 2.1B | 1.9B | 1.9B | 2.1B | 1.6B | |
| Common Stock | 1.9B | 1.9B | 1.8B | 1.7B | 1.4B | 1.6B | |
| Short Long Term Debt Total | 1.7B | 2.5B | 3.9B | 4.4B | 5.3B | 5.6B | |
| Net Debt | 1.6B | 2.0B | 3.7B | 4.2B | 4.1B | 4.3B | |
| Accounts Payable | 613.6M | 1.3B | 1.6B | 1.6B | 1.5B | 1.5B | |
| Cash | 118.4M | 483.6M | 230.8M | 153.6M | 1.2B | 1.3B | |
| Good Will | 1.5B | 2.1B | 3.3B | 4.1B | 4.4B | 4.6B | |
| Accumulated Other Comprehensive Income | 255K | (20.7M) | (23.3M) | 33.2M | 10.7M | 11.2M | |
| Other Assets | 43.0M | 68.4M | 200K | 142.2M | 128.0M | 196.3M | |
| Other Liab | 483.3M | 578.6M | 860.4M | 751.1M | 863.7M | 595.1M | |
| Net Tangible Assets | (1.9B) | (2.7B) | (4.6B) | (5.6B) | (5.1B) | (4.8B) | |
| Long Term Debt | 1.2B | 2.3B | 3.5B | 3.9B | 3.1B | 1.8B | |
| Property Plant Equipment | 90.8M | 97.6M | 195.2M | 195.0M | 224.3M | 235.5M | |
| Long Term Debt Total | 1.2B | 2.3B | 3.6B | 4.0B | 4.7B | 4.9B | |
| Capital Surpluse | 23.4M | 22.8M | 28.4M | 30.2M | 34.8M | 25.3M |
Pair Trading with CI Financial
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 CI Financial 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 CI Financial will appreciate offsetting losses from the drop in the long position's value.Moving against CIX Stock
The ability to find closely correlated positions to CI Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CI Financial 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 CI Financial - 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 CI Financial Corp to buy it.
The correlation of CI Financial 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 CI Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CI Financial Corp 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 CI Financial 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 CIX Stock
Balance Sheet is a snapshot of the financial position of CI Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. CI Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CI Financial 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 CIX currently owns. An asset can also be divided into two categories, current and non-current.