Canadian Historical Financial Ratios
LFE Stock | CAD 7.19 0.05 0.69% |
Canadian Life is presently reporting on over 74 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 49.51 will help investors to properly organize and evaluate Canadian Life Companies financial condition quickly.
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About Canadian Financial Ratios Analysis
Canadian Life CompaniesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canadian Life investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Canadian financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canadian Life history.
Canadian Life Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Canadian Life Companies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canadian Life sales, a figure that is much harder to manipulate than other Canadian Life Companies 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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Canadian Life's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Canadian Life Companies current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. 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, Canadian Life's Free Cash Flow Per Share is very stable compared to the past year. As of the 25th of November 2024, Net Income Per Share is likely to grow to 0.94, while Price To Sales Ratio is likely to drop 2.15.
2021 | 2024 (projected) | PTB Ratio | 0.88 | 1.08 | Dividend Yield | 0.29 | 0.14 |
Canadian Life fundamentals Correlations
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Canadian Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Life fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | (1.54) | 1.78 | 9.2 | 1.97 | 2.26 | 2.15 | |
Days Sales Outstanding | (23.33) | 27.74 | 125.86 | 28.34 | 32.59 | 49.51 | |
Book Value Per Share | 12.58 | 13.62 | 13.44 | 4.25 | 4.89 | 4.64 | |
Free Cash Flow Yield | 0.26 | 0.52 | 0.54 | 0.23 | 0.21 | 0.22 | |
Operating Cash Flow Per Share | 0.63 | 2.01 | 1.61 | 0.85 | 0.76 | 0.8 | |
Ev To Sales | (7.54) | 5.91 | 35.22 | 6.89 | 7.92 | 10.62 | |
Free Cash Flow Per Share | 0.63 | 2.01 | 1.61 | 0.85 | 0.76 | 0.8 | |
Roic | 0.17 | (0.63) | 0.15 | 0.0815 | 0.13 | 0.0909 | |
Net Income Per Share | (1.62) | 2.11 | 0.28 | 0.99 | 0.89 | 0.94 | |
Payables Turnover | 1.84 | 1.9 | 0.44 | 1.87 | 2.15 | 3.43 | |
Sales General And Administrative To Revenue | (0.0239) | 0.0153 | 0.1 | 0.0187 | 0.0215 | 0.0382 | |
Cash Per Share | 12.55 | 13.52 | 13.6 | 14.02 | 16.13 | 21.73 | |
Pocfratio | 2.98 | 3.85 | 1.92 | 1.84 | 4.28 | 4.41 | |
Pfcf Ratio | 2.98 | 3.85 | 1.92 | 1.84 | 4.28 | 4.41 | |
Days Payables Outstanding | 198.29 | 192.37 | 837.55 | 195.0 | 175.5 | 166.72 | |
Income Quality | (0.28) | 1.37 | (3.89) | 0.86 | 0.98 | 1.03 | |
Roe | (0.63) | 0.54 | 0.0815 | 0.23 | 0.21 | 0.22 | |
Ev To Operating Cash Flow | 18.92 | 6.35 | 7.05 | 14.98 | 13.48 | 18.14 | |
Pe Ratio | (1.48) | 1.83 | 10.76 | 3.67 | 3.3 | 3.46 | |
Ev To Free Cash Flow | 18.92 | 6.35 | 7.05 | 14.98 | 13.48 | 18.14 | |
Earnings Yield | (0.67) | 0.55 | 0.0929 | 0.27 | 0.25 | 0.26 | |
Current Ratio | 8.7 | 15.1 | 6.63 | 1.42 | 1.63 | 1.55 | |
Tangible Book Value Per Share | 12.58 | 13.62 | 13.44 | 4.25 | 4.89 | 4.64 | |
Receivables Turnover | (15.64) | 13.16 | 2.9 | 12.88 | 11.59 | 6.96 | |
Graham Number | 9.71 | 13.57 | 4.57 | 9.73 | 11.19 | 20.2 | |
Shareholders Equity Per Share | 2.58 | 3.88 | 3.38 | 4.25 | 4.89 | 8.65 | |
Graham Net Net | 4.85 | 12.56 | 13.58 | 13.42 | 4.21 | 4.6 | |
Revenue Per Share | (1.57) | 2.16 | 0.32 | 1.84 | 1.66 | 1.74 |
Pair Trading with Canadian Life
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 Canadian Life 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 Canadian Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
Moving against Canadian Stock
The ability to find closely correlated positions to Canadian Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Life 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 Canadian Life - 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 Canadian Life Companies to buy it.
The correlation of Canadian Life 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 Canadian Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Life Companies 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 Canadian Life 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 Canadian Stock
Canadian Life CompaniesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canadian Life investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Canadian financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canadian Life history.