| LFE Stock | | | CAD 7.03 0.24 3.30% |
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 Net Receivables and its Short Long Term Debt 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.
Net Receivables vs Short Long Term Debt
Net Receivables vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canadian Life Companies Net Receivables account and
Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Canadian Life's Net Receivables and Short Long Term Debt is -0.61. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt 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 Net Receivables and Short Long Term Debt 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 Receivables of Canadian Life Companies are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Receivables i.e., Canadian Life's Net Receivables and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Receivables
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
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 28th 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.
Canadian Life fundamental ratios Correlations
Click cells to compare fundamentals
Canadian Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Life fundamental ratios Accounts
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.
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
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.