CIX Net Income From Continuing Ops vs Total Revenue 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 Net Income From Continuing Ops and its Total Revenue 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 From Continuing Ops vs Total Revenue
Net Income From Continuing Ops vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CI Financial Corp Net Income From Continuing Ops account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between CI Financial's Net Income From Continuing Ops and Total Revenue is -0.56. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Total Revenue 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 From Continuing Ops and Total Revenue 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 From Continuing Ops of CI Financial Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income From Continuing Ops i.e., CI Financial's Net Income From Continuing Ops and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income From Continuing Ops
Total Revenue
Total revenue comprises all receipts CI Financial Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.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.