CIX Net Income vs Gross Profit Analysis

CIX Stock

CAD 31.05 0.04 0.13%

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 Net Income and its Gross Profit 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.

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CI Financial Corp Net Income account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between CI Financial's Net Income and Gross Profit is -0.09. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit 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 Net Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of CI Financial Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Net Income i.e., CI Financial's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.09

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in CI Financial Corp financial statement analysis. It represents the amount of money remaining after all of CI Financial Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CI Financial Corp minus its cost of goods sold. It is profit before CI Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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 29th 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	2.3B	1.1B
Total Revenue	2.7B	2.4B	3.2B	3.3B

Gross Profit Total Revenue

CI Financial fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Common Stock	Accounts Payable	Short Long Term Debt Total	Net Debt	Cash
Total Assets		0.97	0.94	0.09	0.93	-0.34	1.0	0.33	-0.28	-0.01	0.96	0.95	0.28	0.99	0.92	0.94	0.77	0.99	0.38	0.96	0.32	0.13	0.47	0.97	0.97	0.36
Other Current Liab	0.97		0.97	-0.1	0.95	-0.19	0.97	0.21	-0.44	-0.22	0.93	0.95	0.29	0.98	0.96	0.9	0.8	0.92	0.42	0.93	0.11	-0.1	0.3	0.96	0.96	0.31
Total Current Liabilities	0.94	0.97		-0.13	0.99	-0.33	0.96	0.16	-0.36	-0.2	0.87	0.88	0.36	0.97	0.99	0.84	0.92	0.91	0.4	0.95	0.14	-0.08	0.34	0.9	0.91	0.22
Total Stockholder Equity	0.09	-0.1	-0.13		-0.14	-0.11	0.06	0.36	0.77	0.52	-0.03	-0.07	-0.44	-0.06	-0.16	0.04	-0.23	0.14	-0.32	0.07	0.85	0.94	0.21	-0.06	-0.07	0.19
Property Plant And Equipment Net	0.93	0.95	0.99	-0.14		-0.31	0.95	0.11	-0.35	-0.24	0.86	0.87	0.34	0.96	0.99	0.82	0.92	0.89	0.37	0.92	0.13	-0.1	0.31	0.9	0.91	0.18
Retained Earnings	-0.34	-0.19	-0.33	-0.11	-0.31		-0.37	-0.38	-0.17	-0.45	-0.34	-0.22	-0.54	-0.33	-0.29	-0.31	-0.41	-0.44	-0.33	-0.4	-0.49	-0.42	-0.82	-0.31	-0.29	-0.23
Non Current Assets Total	1.0	0.97	0.96	0.06	0.95	-0.37		0.29	-0.29	-0.04	0.95	0.94	0.31	0.99	0.94	0.92	0.8	0.98	0.41	0.96	0.31	0.11	0.47	0.96	0.97	0.32
Cash And Short Term Investments	0.33	0.21	0.16	0.36	0.11	-0.38	0.29		0.04	0.62	0.4	0.41	0.44	0.27	0.03	0.56	0.01	0.41	0.34	0.33	0.43	0.46	0.46	0.34	0.27	0.93
Common Stock Shares Outstanding	-0.28	-0.44	-0.36	0.77	-0.35	-0.17	-0.29	0.04		0.27	-0.44	-0.49	-0.44	-0.39	-0.36	-0.41	-0.26	-0.25	-0.47	-0.27	0.58	0.76	0.04	-0.45	-0.46	-0.1
Short Term Investments	-0.01	-0.22	-0.2	0.52	-0.24	-0.45	-0.04	0.62	0.27		0.04	-0.02	0.25	-0.1	-0.31	0.14	-0.23	0.13	0.1	0.08	0.56	0.65	0.52	-0.02	-0.05	0.31
Non Current Liabilities Total	0.96	0.93	0.87	-0.03	0.86	-0.34	0.95	0.4	-0.44	0.04		0.98	0.4	0.96	0.84	0.96	0.65	0.96	0.51	0.9	0.2	0.03	0.51	0.99	0.99	0.43
Other Current Assets	0.95	0.95	0.88	-0.07	0.87	-0.22	0.94	0.41	-0.49	-0.02	0.98		0.35	0.96	0.84	0.98	0.65	0.93	0.47	0.89	0.12	-0.04	0.39	0.98	0.98	0.47
Other Stockholder Equity	0.28	0.29	0.36	-0.44	0.34	-0.54	0.31	0.44	-0.44	0.25	0.4	0.35		0.35	0.29	0.4	0.41	0.33	0.77	0.35	-0.17	-0.23	0.36	0.35	0.33	0.4
Total Liab	0.99	0.98	0.97	-0.06	0.96	-0.33	0.99	0.27	-0.39	-0.1	0.96	0.96	0.35		0.95	0.93	0.82	0.97	0.43	0.96	0.19	-0.01	0.43	0.98	0.98	0.32
Property Plant And Equipment Gross	0.92	0.96	0.99	-0.16	0.99	-0.29	0.94	0.03	-0.36	-0.31	0.84	0.84	0.29	0.95		0.79	0.92	0.87	0.35	0.91	0.1	-0.13	0.29	0.88	0.9	0.13
Total Current Assets	0.94	0.9	0.84	0.04	0.82	-0.31	0.92	0.56	-0.41	0.14	0.96	0.98	0.4	0.93	0.79		0.63	0.94	0.47	0.9	0.24	0.09	0.47	0.96	0.94	0.58
Short Term Debt	0.77	0.8	0.92	-0.23	0.92	-0.41	0.8	0.01	-0.26	-0.23	0.65	0.65	0.41	0.82	0.92	0.63		0.74	0.31	0.84	0.08	-0.14	0.26	0.7	0.72	0.05
Intangible Assets	0.99	0.92	0.91	0.14	0.89	-0.44	0.98	0.41	-0.25	0.13	0.96	0.93	0.33	0.97	0.87	0.94	0.74		0.42	0.96	0.39	0.22	0.56	0.96	0.96	0.39
Non Currrent Assets Other	0.38	0.42	0.4	-0.32	0.37	-0.33	0.41	0.34	-0.47	0.1	0.51	0.47	0.77	0.43	0.35	0.47	0.31	0.42		0.4	-0.12	-0.2	0.29	0.46	0.45	0.35
Net Receivables	0.96	0.93	0.95	0.07	0.92	-0.4	0.96	0.33	-0.27	0.08	0.9	0.89	0.35	0.96	0.91	0.9	0.84	0.96	0.4		0.33	0.13	0.48	0.91	0.91	0.31
Common Stock Total Equity	0.32	0.11	0.14	0.85	0.13	-0.49	0.31	0.43	0.58	0.56	0.2	0.12	-0.17	0.19	0.1	0.24	0.08	0.39	-0.12	0.33		0.93	0.57	0.17	0.15	0.26
Common Stock	0.13	-0.1	-0.08	0.94	-0.1	-0.42	0.11	0.46	0.76	0.65	0.03	-0.04	-0.23	-0.01	-0.13	0.09	-0.14	0.22	-0.2	0.13	0.93		0.46	-0.01	-0.03	0.26
Accounts Payable	0.47	0.3	0.34	0.21	0.31	-0.82	0.47	0.46	0.04	0.52	0.51	0.39	0.36	0.43	0.29	0.47	0.26	0.56	0.29	0.48	0.57	0.46		0.47	0.43	0.31
Short Long Term Debt Total	0.97	0.96	0.9	-0.06	0.9	-0.31	0.96	0.34	-0.45	-0.02	0.99	0.98	0.35	0.98	0.88	0.96	0.7	0.96	0.46	0.91	0.17	-0.01	0.47		1.0	0.38
Net Debt	0.97	0.96	0.91	-0.07	0.91	-0.29	0.97	0.27	-0.46	-0.05	0.99	0.98	0.33	0.98	0.9	0.94	0.72	0.96	0.45	0.91	0.15	-0.03	0.43	1.0		0.31
Cash	0.36	0.31	0.22	0.19	0.18	-0.23	0.32	0.93	-0.1	0.31	0.43	0.47	0.4	0.32	0.13	0.58	0.05	0.39	0.35	0.31	0.26	0.26	0.31	0.38	0.31

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CI Financial Account Relationship Matchups

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
Other Current Liab	463.3M	1.3B	1.8B	2.6B	2.7B	2.8B
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	179.8M	199.9M
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	401.8M	993.2M	1.2B	1.3B	1.1B	1.2B
Other Stockholder Equity	23.4M	22.8M	28.4M	(1.5B)	34.8M	36.6M
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	473.9M	250.6M	481.6M	344.9M	1.9B	2.0B
Intangible Assets	1.9B	2.2B	2.9B	3.2B	3.2B	3.4B
Non Currrent Assets Other	1.8M	60.6M	76.2M	87.8M	105.2M	130.6M
Net Receivables	159.2M	228.5M	266.0M	295.9M	385.7M	405.0M
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
Accounts Payable	231.8M	283.5M	351.0M	291.3M	392.1M	257.2M
Short Long Term Debt Total	1.7B	2.5B	3.9B	4.4B	3.8B	4.0B
Net Debt	1.6B	2.0B	3.7B	4.2B	3.7B	3.9B
Cash	118.4M	483.6M	230.8M	153.6M	137.0M	114.8M
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

0.81	AEMC	Alaska Energy Metals	Pair Corr
0.71	EOG	Eco Atlantic Oil	Pair Corr
0.69	CMC	Cielo Waste Solutions	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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CIX Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

CI Financial fundamental ratios Correlations

CI Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CI Financial fundamental ratios Accounts

Pair Trading with CI Financial

Moving against CIX Stock

Other Information on Investing in CIX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.99	Total Current Liabilities

Accounts Payable	- 0.82	Retained Earnings
Other Stockholder Equity	- 0.54	Retained Earnings
Other Current Assets	- 0.49	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.49	Retained Earnings
Non Currrent Assets Other	- 0.47	Common Stock Shares Outstanding
Net Debt	- 0.46	Common Stock Shares Outstanding