Canal Historical Income Statement
Historical analysis of Canal Capital income statement accounts such as Selling General Administrative of 1.4 M, Total Revenue of 2.9 M or Gross Profit of 2.6 M can show how well Canal Capital performed in making a profits. Evaluating Canal Capital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canal Capital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canal Capital 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 Canal Capital is a good buy for the upcoming year.
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About Canal Income Statement Analysis
Canal Capital Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canal Capital shareholders. The income statement also shows Canal investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Canal Capital Income Statement Chart
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Canal Capital minus its cost of goods sold. It is profit before Canal Capital 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.Cost Of Revenue
Cost of Revenue is found on Canal Capital income statement and represents the costs associated with goods and services Canal Capital provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Canal Capital income statement and is an important metric when analyzing Canal Capital profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Canal Capital financial statement analysis. It represents the amount of money remaining after all of Canal Capital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Canal Capital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canal Capital current financial condition. On the other hand, looking into the entire matrix of income 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 Canal Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Canal Stock, please use our How to Invest in Canal Capital guide.At this time, Canal Capital's Selling General Administrative is relatively stable compared to the past year. As of 12/01/2024, Total Revenue is likely to grow to about 2.9 M, though Net Loss is likely to grow to (633.8 K).
| 2010 | 2011 | 2023 | 2024 (projected) | Gross Profit | 4.0M | 2.0M | 1.8M | 2.6M | Total Revenue | 4.5M | 2.0M | 1.8M | 2.9M |
Canal Capital income statement Correlations
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Canal Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Canal Capital
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 Canal Capital 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 Canal Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canal Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canal Capital 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 Canal Capital - 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 Canal Capital to buy it.
The correlation of Canal Capital 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 Canal Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canal Capital 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 Canal Capital 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.Additional Tools for Canal Stock Analysis
When running Canal Capital's price analysis, check to measure Canal Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canal Capital is operating at the current time. Most of Canal Capital's value examination focuses on studying past and present price action to predict the probability of Canal Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canal Capital's price. Additionally, you may evaluate how the addition of Canal Capital to your portfolios can decrease your overall portfolio volatility.