Canadian Financial Statements From 2010 to 2024
| LFE-PB Preferred Stock | CAD 10.53 0.02 0.19% |
Check Canadian Life financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Life's main balance sheet or income statement drivers, such as , as well as many indicators such as . Canadian financial statements analysis is a perfect complement when working with Canadian Life Valuation or Volatility modules.
Canadian |
Canadian Life Companies Company Beta Analysis
Canadian Life's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Canadian Life Beta | 3.02 |
Most of Canadian Life's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Life Companies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Canadian Life Companies has a Beta of 3.0177. This is 268.01% higher than that of the Financial Services sector and 147.35% higher than that of the Asset Management industry. The beta for all Canada preferred stocks is notably lower than that of the firm.
Canadian Life Companies Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Canadian Life's current stock value. Our valuation model uses many indicators to compare Canadian Life value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canadian Life competition to find correlations between indicators driving Canadian Life's intrinsic value. More Info.Canadian Life Companies is currently regarded as number one stock in price to sales category among its peers. It also is currently regarded as number one stock in beta category among its peers totaling about 1.96 of Beta per Price To Sales. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canadian Life by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canadian Life's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Canadian Life Financial Statements
Canadian Life stakeholders use historical fundamental indicators, such as Canadian Life's revenue or net income, to determine how well the company is positioned to perform in the future. Although Canadian Life investors may analyze each financial statement separately, they are all interrelated. For example, changes in Canadian Life's assets and liabilities are reflected in the revenues and expenses on Canadian Life's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Canadian Life Companies. Please read more on our technical analysis and fundamental analysis pages.
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. Canadian Life Companies Split Corp. was formed on April 18, 2005 and is domiciled in Canada. CANADIAN LIFE operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange.
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 Preferred Stock
| 0.9 | BN | Brookfield | PairCorr |
| 0.9 | BAM | Brookfield Asset Man | PairCorr |
| 0.82 | PVF-UN | Partners Value Inves | PairCorr |
| 0.92 | IGM | IGM Financial | PairCorr |
Moving against Canadian Preferred Stock
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 Preferred Stock
Canadian Life financial ratios help investors to determine whether Canadian Preferred Stock 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 Canadian with respect to the benefits of owning Canadian Life security.