Canso Historical Income Statement
| PBY-UN Stock | CAD 15.60 0.02 0.13% |
Historical analysis of Canso Credit income statement accounts such as EBIT of 6.5 M, Ebitda of 6.4 M, Total Operating Expenses of 605.5 K or Income Before Tax of 9.6 M can show how well Canso Credit Trust performed in making a profits. Evaluating Canso Credit income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canso Credit's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canso Credit Trust 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 Canso Credit Trust is a good buy for the upcoming year.
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About Canso Income Statement Analysis
Canso Credit Trust 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 Canso Credit shareholders. The income statement also shows Canso 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).
Canso Credit Income Statement Chart
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Canso Credit Trust financial statement analysis. It represents the amount of money remaining after all of Canso Credit Trust operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Cost Of Revenue
Cost of Revenue is found on Canso Credit Trust income statement and represents the costs associated with goods and services Canso Credit 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.Most accounts from Canso Credit's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canso Credit Trust 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Canso Credit Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Canso Credit's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 5.8 M, whereas Selling General Administrative is forecasted to decline to about 3 M.
| 2023 | 2024 (projected) | Interest Expense | 1.1M | 999.9K | Cost Of Revenue | 5.1M | 5.3M |
Canso Credit income statement Correlations
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Canso Credit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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 Canso Stock
Canso Credit Trust 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 Canso Credit shareholders. The income statement also shows Canso 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).