Canso Operating Income vs Ebit Analysis
| PBY-UN Stock | CAD 15.60 0.02 0.13% |
Canso Credit financial indicator trend analysis is way more than just evaluating Canso Credit Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canso Credit Trust is a good investment. Please check the relationship between Canso Credit Operating Income and its Ebit accounts. 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.
Operating Income vs Ebit
Operating Income vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canso Credit Trust Operating Income account and Ebit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Canso Credit's Operating Income and Ebit is 0.56. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Canso Credit Trust, assuming nothing else is changed. The correlation between historical values of Canso Credit's Operating Income and Ebit 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 Canso Credit Trust are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Canso Credit's Operating Income and Ebit go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Canso Credit Trust 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 Canso Credit Trust 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.Ebit
Most indicators from Canso Credit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 22.75, 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 fundamental ratios Correlations
Click cells to compare fundamentals
Canso Credit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canso Credit fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 232.6M | 236.4M | 217.4M | 204.4M | 192.1M | 253.8M | |
| Total Stockholder Equity | 156.0M | 156.6M | 160.6M | 154.0M | 138.9M | 150.7M | |
| Net Debt | (5.3M) | (1.3M) | (7.2M) | (9.7M) | (235.2K) | (247.0K) | |
| Cash | 5.3M | 1.3M | 7.2M | 9.7M | 235.2K | 223.4K | |
| Cash And Short Term Investments | 5.3M | 1.3M | 7.2M | 9.7M | 235.2K | 223.4K | |
| Common Stock Shares Outstanding | 14.5M | 13.7M | 10.4M | 10.4M | 9.3M | 13.5M | |
| Liabilities And Stockholders Equity | 232.6M | 236.4M | 217.4M | 204.4M | 192.1M | 253.8M | |
| Total Liab | 76.6M | 79.8M | 56.8M | 50.4M | 53.1M | 46.6M | |
| Net Receivables | 1.8M | 1.4M | 2.0M | 3.8M | 11.5M | 12.1M | |
| Non Current Liabilities Total | 76.6M | 79.8M | 56.8M | 50.4M | 53.1M | 54.4M | |
| Other Current Assets | (7.1M) | (2.7M) | (9.2M) | (13.5M) | (11.7M) | (12.3M) | |
| Common Stock | 156.0M | 156.6M | 160.6M | 154.0M | 138.9M | 139.6M |
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
Balance Sheet is a snapshot of the financial position of Canso Credit Trust at a specified time, usually calculated after every quarter, six months, or one year. Canso Credit Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canso Credit 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 Canso currently owns. An asset can also be divided into two categories, current and non-current.