Canadian Free Cash Flow Yield vs Days Payables Outstanding Analysis

LFE Stock

CAD 7.19 0.05 0.69%

Canadian Life financial indicator trend analysis is way more than just evaluating Canadian Life Companies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Life Companies is a good investment. Please check the relationship between Canadian Life Free Cash Flow Yield and its Days Payables Outstanding accounts. 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.

Free Cash Flow Yield vs Days Payables Outstanding

Free Cash Flow Yield vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Life Companies Free Cash Flow Yield account and Days Payables Outstanding. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canadian Life's Free Cash Flow Yield and Days Payables Outstanding is 0.59. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Canadian Life Companies, assuming nothing else is changed. The correlation between historical values of Canadian Life's Free Cash Flow Yield and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Canadian Life Companies are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Free Cash Flow Yield i.e., Canadian Life's Free Cash Flow Yield and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Days Payables Outstanding

Most indicators from Canadian Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Interest Income	171.3K	378.8K	435.6K	457.4K
Net Interest Income	171.3K	378.8K	435.6K	457.4K

Interest Income Net Interest Income

Canadian Life fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Accounts Payable	Non Current Liabilities Total	Total Liab	Other Stockholder Equity	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue	Short Long Term Debt	Short Term Debt	Long Term Investments
Total Assets		0.77	0.48	0.28	0.39	0.88	-0.78	-0.43	0.81	-0.13	0.55	0.97	0.81	0.19	0.12	0.15	0.61	0.66	0.75	-0.36	0.81	0.56	-0.38	0.33	0.5	0.55
Total Stockholder Equity	0.77		-0.03	0.76	0.03	0.77	-0.78	-0.52	0.66	-0.27	0.01	0.83	0.66	0.38	-0.03	-0.02	0.31	0.55	0.52	0.14	0.41	0.58	-0.43	0.28	0.42	0.52
Net Debt	0.48	-0.03		-0.27	0.21	0.18	-0.2	-0.34	0.07	0.52	0.91	0.47	0.07	-0.6	0.17	0.19	0.32	-0.02	0.11	-0.95	0.43	-0.28	0.35	-0.24	-0.26	-0.25
Retained Earnings	0.28	0.76	-0.27		-0.45	0.28	-0.33	-0.37	0.14	-0.13	-0.38	0.42	0.14	0.06	-0.06	-0.07	-0.16	0.02	-0.03	0.33	-0.1	0.06	-0.11	0.06	0.06	0.07
Cash	0.39	0.03	0.21	-0.45		0.21	-0.15	0.18	0.52	-0.25	0.34	0.18	0.52	0.34	0.11	0.15	0.69	0.51	0.59	-0.23	0.43	0.48	-0.37	0.16	0.38	0.36
Non Current Assets Total	0.88	0.77	0.18	0.28	0.21		-0.89	-0.42	0.87	-0.32	0.35	0.89	0.87	0.46	0.08	0.1	0.46	0.76	0.81	-0.02	0.84	0.75	-0.58	0.5	0.69	0.76
Non Currrent Assets Other	-0.78	-0.78	-0.2	-0.33	-0.15	-0.89		0.72	-0.74	0.19	-0.39	-0.82	-0.74	-0.42	-0.01	-0.02	-0.39	-0.67	-0.67	0.06	-0.65	-0.64	0.55	-0.15	-0.44	-0.57
Other Assets	-0.43	-0.52	-0.34	-0.37	0.18	-0.42	0.72		-0.1	-0.22	-0.41	-0.53	-0.1	0.08	0.28	0.27	-0.12	-0.2	-0.01	0.31	-0.18	-0.04	-0.03	0.41	0.24	0.08
Cash And Short Term Investments	0.81	0.66	0.07	0.14	0.52	0.87	-0.74	-0.1		-0.47	0.25	0.73	1.0	0.6	0.3	0.33	0.55	0.78	0.98	0.1	0.78	0.86	-0.76	0.58	0.83	0.86
Net Receivables	-0.13	-0.27	0.52	-0.13	-0.25	-0.32	0.19	-0.22	-0.47		0.44	-0.08	-0.47	-0.75	0.07	0.09	0.03	-0.52	-0.45	-0.59	-0.25	-0.62	0.73	-0.61	-0.73	-0.66
Common Stock Shares Outstanding	0.55	0.01	0.91	-0.38	0.34	0.35	-0.39	-0.41	0.25	0.44		0.5	0.25	-0.42	0.2	0.24	0.47	0.16	0.32	-0.87	0.58	-0.05	0.17	-0.25	-0.12	-0.08
Short Term Investments	0.97	0.83	0.47	0.42	0.18	0.89	-0.82	-0.53	0.73	-0.08	0.5		0.73	0.12	0.1	0.12	0.48	0.58	0.65	-0.33	0.75	0.48	-0.32	0.29	0.43	0.49
Total Current Assets	0.81	0.66	0.07	0.14	0.52	0.87	-0.74	-0.1	1.0	-0.47	0.25	0.73		0.6	0.3	0.33	0.55	0.78	0.98	0.1	0.79	0.86	-0.76	0.58	0.83	0.86
Common Stock	0.19	0.38	-0.6	0.06	0.34	0.46	-0.42	0.08	0.6	-0.75	-0.42	0.12	0.6		-0.17	-0.17	0.16	0.72	0.59	0.68	0.26	0.87	-0.86	0.6	0.76	0.83
Other Current Liab	0.12	-0.03	0.17	-0.06	0.11	0.08	-0.01	0.28	0.3	0.07	0.2	0.1	0.3	-0.17		1.0	0.0	-0.33	0.36	-0.16	0.26	-0.05	-0.02	-0.04	0.1	-0.02
Total Current Liabilities	0.15	-0.02	0.19	-0.07	0.15	0.1	-0.02	0.27	0.33	0.09	0.24	0.12	0.33	-0.17	1.0		0.06	-0.31	0.38	-0.18	0.28	-0.03	-0.02	-0.05	0.1	-0.01
Accounts Payable	0.61	0.31	0.32	-0.16	0.69	0.46	-0.39	-0.12	0.55	0.03	0.47	0.48	0.55	0.16	0.0	0.06		0.54	0.56	-0.31	0.45	0.48	-0.19	0.06	0.28	0.38
Non Current Liabilities Total	0.66	0.55	-0.02	0.02	0.51	0.76	-0.67	-0.2	0.78	-0.52	0.16	0.58	0.78	0.72	-0.33	-0.31	0.54		0.76	0.17	0.63	0.88	-0.77	0.62	0.78	0.87
Total Liab	0.75	0.52	0.11	-0.03	0.59	0.81	-0.67	-0.01	0.98	-0.45	0.32	0.65	0.98	0.59	0.36	0.38	0.56	0.76		0.05	0.8	0.83	-0.76	0.57	0.82	0.84
Other Stockholder Equity	-0.36	0.14	-0.95	0.33	-0.23	-0.02	0.06	0.31	0.1	-0.59	-0.87	-0.33	0.1	0.68	-0.16	-0.18	-0.31	0.17	0.05		-0.29	0.4	-0.53	0.42	0.43	0.43
Short Long Term Debt Total	0.81	0.41	0.43	-0.1	0.43	0.84	-0.65	-0.18	0.78	-0.25	0.58	0.75	0.79	0.26	0.26	0.28	0.45	0.63	0.8	-0.29		0.55	-0.48	0.5	0.67	0.62
Net Tangible Assets	0.56	0.58	-0.28	0.06	0.48	0.75	-0.64	-0.04	0.86	-0.62	-0.05	0.48	0.86	0.87	-0.05	-0.03	0.48	0.88	0.83	0.4	0.55		-0.84	0.63	0.84	0.94
Current Deferred Revenue	-0.38	-0.43	0.35	-0.11	-0.37	-0.58	0.55	-0.03	-0.76	0.73	0.17	-0.32	-0.76	-0.86	-0.02	-0.02	-0.19	-0.77	-0.76	-0.53	-0.48	-0.84		-0.62	-0.88	-0.87
Short Long Term Debt	0.33	0.28	-0.24	0.06	0.16	0.5	-0.15	0.41	0.58	-0.61	-0.25	0.29	0.58	0.6	-0.04	-0.05	0.06	0.62	0.57	0.42	0.5	0.63	-0.62		0.86	0.81
Short Term Debt	0.5	0.42	-0.26	0.06	0.38	0.69	-0.44	0.24	0.83	-0.73	-0.12	0.43	0.83	0.76	0.1	0.1	0.28	0.78	0.82	0.43	0.67	0.84	-0.88	0.86		0.95
Long Term Investments	0.55	0.52	-0.25	0.07	0.36	0.76	-0.57	0.08	0.86	-0.66	-0.08	0.49	0.86	0.83	-0.02	-0.01	0.38	0.87	0.84	0.43	0.62	0.94	-0.87	0.81	0.95

Click cells to compare fundamentals

Canadian Life Account Relationship Matchups

Canadian Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	170.7M	174.9M	170.8M	167.9M	151.1M	154.8M
Total Stockholder Equity	34.8M	49.6M	42.1M	50.4M	45.3M	54.8M
Net Debt	127.2M	113.7M	104.3M	107.4M	123.6M	71.8M
Cash	6.3M	10.6M	20.4M	8.8M	10.1M	16.9M
Non Current Assets Total	163.0M	162.1M	149.0M	157.4M	141.6M	150.0M
Non Currrent Assets Other	(163.0M)	(162.1M)	(149.0M)	(157.4M)	(181.0M)	(190.0M)
Cash And Short Term Investments	6.3M	10.6M	20.4M	8.8M	7.9M	7.5M
Net Receivables	1.4M	2.1M	1.4M	1.7M	2.0M	1.4M
Common Stock Shares Outstanding	13.5M	12.8M	12.5M	11.8M	13.6M	12.1M
Short Term Investments	163.0M	162.1M	149.0M	157.4M	141.6M	141.4M
Liabilities And Stockholders Equity	170.7M	174.9M	170.8M	167.9M	151.1M	154.8M
Total Current Assets	7.7M	12.7M	21.8M	10.5M	9.4M	9.0M
Common Stock	34.8M	49.6M	42.1M	50.4M	45.3M	75.5M
Other Current Liab	(882.3K)	(841.8K)	(3.3M)	(775.0K)	(891.2K)	(846.7K)
Total Current Liabilities	882.3K	841.8K	3.3M	775.0K	891.2K	846.7K
Accounts Payable	882.3K	841.8K	3.3M	775.0K	891.2K	846.7K
Non Current Liabilities Total	1.9M	899.8K	4.0M	1.3M	1.1M	1.1M
Total Liab	882.3K	841.8K	3.3M	775.0K	697.5K	662.6K
Short Long Term Debt Total	133.5M	124.3M	124.7M	116.2M	104.6M	111.4M
Net Tangible Assets	69.3M	34.8M	49.6M	42.1M	37.9M	51.4M
Current Deferred Revenue	(132.6M)	(123.5M)	(121.4M)	(115.5M)	(132.8M)	(139.4M)
Short Term Debt	133.5M	124.3M	124.7M	116.2M	104.6M	112.5M
Long Term Investments	163.0M	162.1M	149.0M	157.4M	141.6M	143.2M

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

0.61

ASM

Avino Silver Gold

Pair Corr

Moving against Canadian Stock

0.72

VCM

Vecima Networks

Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Canadian Stock

Balance Sheet is a snapshot of the financial position of Canadian Life Companies at a specified time, usually calculated after every quarter, six months, or one year. Canadian Life Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian Life 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 Canadian currently owns. An asset can also be divided into two categories, current and non-current.

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Canadian Free Cash Flow Yield vs Days Payables Outstanding Analysis

Free Cash Flow Yield vs Days Payables Outstanding

Free Cash Flow Yield vs Days Payables Outstanding Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Days Payables Outstanding

Canadian Life fundamental ratios Correlations

Canadian Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Life fundamental ratios Accounts

Pair Trading with Canadian Life

Moving together with Canadian Stock

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.98	Total Current Assets
Short Term Investments	+ 0.97	Total Assets
Long Term Investments	+ 0.95	Short Term Debt

Other Stockholder Equity	- 0.95	Net Debt
Non Currrent Assets Other	- 0.89	Non Current Assets Total
Short Term Debt	- 0.88	Current Deferred Revenue
Long Term Investments	- 0.87	Current Deferred Revenue
Other Stockholder Equity	- 0.87	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.86	Common Stock