Canadian Pacific Railway Stock Z Score
| CP Stock | USD 75.35 0.96 1.29% |
Canadian | Z Score |
Canadian Pacific Railway Company Z Score Analysis
Canadian Pacific's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| |||||||
| |||||||
| |||||||
| |||||||
|
Canadian Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Canadian Pacific is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Z Score. Since Canadian Pacific's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Pacific's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Pacific's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
In accordance with the company's disclosures, Canadian Pacific Railway has a Z Score of 0.0. This is 100.0% lower than that of the Ground Transportation sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Canadian Pacific ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Pacific's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Pacific's managers, analysts, and investors.Environmental | Governance | Social |
Canadian Pacific Institutional Holders
Institutional Holdings refers to the ownership stake in Canadian Pacific that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Pacific's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Pacific's value.| Shares | 1832 Asset Management L.p | 2024-09-30 | 14.5 M | Norges Bank | 2024-06-30 | 13 M | Capital World Investors | 2024-09-30 | 13 M | Veritas Asset Management Llp | 2024-09-30 | 12.2 M | Manufacturers Life Insurance Co | 2024-09-30 | 11.4 M | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2024-09-30 | 11.2 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 10.6 M | Fidelity International Ltd | 2024-06-30 | 10.1 M | Egerton Capital Llp | 2024-06-30 | 9.2 M | Tci Fund Management Limited | 2024-06-30 | 54.9 M | Royal Bank Of Canada | 2024-06-30 | 51.3 M |
Canadian Fundamentals
| Return On Equity | 0.0809 | ||||
| Return On Asset | 0.044 | ||||
| Profit Margin | 0.24 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 85.43 B | ||||
| Shares Outstanding | 933.35 M | ||||
| Shares Owned By Insiders | 0.02 % | ||||
| Shares Owned By Institutions | 75.83 % | ||||
| Number Of Shares Shorted | 9.2 M | ||||
| Price To Earning | 5.08 X | ||||
| Price To Book | 2.22 X | ||||
| Price To Sales | 4.87 X | ||||
| Revenue | 12.55 B | ||||
| Gross Profit | 4.8 B | ||||
| EBITDA | (739 M) | ||||
| Net Income | 3.92 B | ||||
| Cash And Equivalents | 138 M | ||||
| Cash Per Share | 0.15 X | ||||
| Total Debt | 22.84 B | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 0.58 X | ||||
| Book Value Per Share | 47.30 X | ||||
| Cash Flow From Operations | 4.14 B | ||||
| Short Ratio | 3.32 X | ||||
| Earnings Per Share | 2.70 X | ||||
| Price To Earnings To Growth | 2.37 X | ||||
| Target Price | 124.5 | ||||
| Number Of Employees | 20.22 K | ||||
| Beta | 0.79 | ||||
| Market Capitalization | 70.33 B | ||||
| Total Asset | 79.9 B | ||||
| Retained Earnings | 16.42 B | ||||
| Working Capital | (2.71 B) | ||||
| Current Asset | 1.54 B | ||||
| Current Liabilities | 1.45 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.89 % | ||||
| Net Asset | 79.9 B | ||||
| Last Dividend Paid | 0.76 |
About Canadian Pacific Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Pacific Railway's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Pacific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Pacific Railway based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Canadian Pacific
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 Pacific 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 Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
Moving against Canadian Stock
| 0.92 | AZ | A2Z Smart Technologies | PairCorr |
| 0.9 | AAL | American Airlines Aggressive Push | PairCorr |
| 0.89 | UAL | United Airlines Holdings Sell-off Trend | PairCorr |
| 0.86 | DAL | Delta Air Lines Fiscal Year End 10th of January 2025 | PairCorr |
| 0.83 | LUV | Southwest Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Canadian Pacific 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 Pacific 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 Pacific - 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 Pacific Railway to buy it.
The correlation of Canadian Pacific 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 Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Pacific Railway 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 Pacific 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.Additional Tools for Canadian Stock Analysis
When running Canadian Pacific's price analysis, check to measure Canadian Pacific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Pacific is operating at the current time. Most of Canadian Pacific's value examination focuses on studying past and present price action to predict the probability of Canadian Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Pacific's price. Additionally, you may evaluate how the addition of Canadian Pacific to your portfolios can decrease your overall portfolio volatility.