Canoe Eit Income Etf Performance
| EIT-UN Etf | CAD 15.29 0.02 0.13% |
The etf shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canoe EIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canoe EIT is expected to be smaller as well.
Risk-Adjusted Performance
Insignificant
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Compared to the overall equity markets, risk-adjusted returns on investments in Canoe EIT Income are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Canoe EIT is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | Canoe EIT Income Fund Announces January 2025 Monthly Distribution - Yahoo Finance | 01/06/2025 |
2 | Canoe Financial announces the final amount of the special non-cash distribution for Canoe EIT Income Fund - Yahoo Finance | 01/13/2025 |
3 | Where to Invest Your TFSA Contribution for Steady Dividends - The Motley Fool Canada | 02/19/2025 |
Canoe |
Canoe EIT Relative Risk vs. Return Landscape
If you would invest 1,492 in Canoe EIT Income on December 26, 2024 and sell it today you would earn a total of 37.00 from holding Canoe EIT Income or generate 2.48% return on investment over 90 days. Canoe EIT Income is generating 0.045% of daily returns and assumes 1.061% volatility on return distribution over the 90 days horizon. Simply put, 9% of etfs are less volatile than Canoe, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Canoe EIT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canoe EIT's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Canoe EIT Income, and traders can use it to determine the average amount a Canoe EIT's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0424
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| Negative Returns | EIT-UN |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.05 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Canoe EIT is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canoe EIT by adding it to a well-diversified portfolio.
Canoe EIT Fundamentals Growth
Canoe Etf prices reflect investors' perceptions of the future prospects and financial health of Canoe EIT, and Canoe EIT fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Canoe Etf performance.
| Return On Equity | 0.17 | |||
| Return On Asset | 0.099 | |||
| Profit Margin | 0.87 % | |||
| Operating Margin | 0.93 % | |||
| Current Valuation | 3.02 B | |||
| Shares Outstanding | 177.79 M | |||
| Price To Earning | 6.16 X | |||
| Price To Book | 1.06 X | |||
| Price To Sales | 5.98 X | |||
| Revenue | 172.47 M | |||
| EBITDA | 1.73 M | |||
| Cash And Equivalents | 98.55 M | |||
| Cash Per Share | 0.82 X | |||
| Total Debt | 95.99 M | |||
| Debt To Equity | 0.30 % | |||
| Book Value Per Share | 13.94 X | |||
| Cash Flow From Operations | (112.77 M) | |||
| Earnings Per Share | 0.74 X | |||
| Total Asset | 2.66 B | |||
About Canoe EIT Performance
By analyzing Canoe EIT's fundamental ratios, stakeholders can gain valuable insights into Canoe EIT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Canoe EIT has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Canoe EIT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada. CANOE EIT is traded on Toronto Stock Exchange in Canada.| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in Canoe Etf
Canoe EIT financial ratios help investors to determine whether Canoe Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canoe with respect to the benefits of owning Canoe EIT security.