Canal Operating Income vs Total Revenue Analysis
Canal Capital financial indicator trend analysis is way more than just evaluating Canal Capital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canal Capital is a good investment. Please check the relationship between Canal Capital Operating Income and its Total Revenue accounts. 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.
Operating Income vs Total Revenue
Operating Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canal Capital Operating Income account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canal Capital's Operating Income and Total Revenue is 0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Canal Capital, assuming nothing else is changed. The correlation between historical values of Canal Capital's Operating Income 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 Operating Income of Canal Capital 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 Operating Income i.e., Canal Capital's Operating Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Canal Capital operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canal Capital is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Revenue
Total revenue comprises all receipts Canal Capital 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 Canal Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.As of 11/29/2024, Selling General Administrative is likely to grow to about 1.4 M
| 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 fundamental ratios 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.