Capital Power Stock Bond Positions Weight
| CPX Stock | CAD 63.15 0.55 0.88% |
Capital Power fundamentals help investors to digest information that contributes to Capital Power's financial success or failures. It also enables traders to predict the movement of Capital Stock. The fundamental analysis module provides a way to measure Capital Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Capital Power stock.
Capital | Bond Positions Weight |
Capital Power Company Bond Positions Weight Analysis
Capital Power's Percentage of fund asset invested in fixed income securities. About 30% of U.S. mutual funds invest in bonds.
Capital Bond Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for Capital Power is extremely important. It helps to project a fair market value of Capital Stock properly, considering its historical fundamentals such as Bond Positions Weight. Since Capital Power'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 Capital Power'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 Capital Power's interrelated accounts and indicators.
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Funds that have over 60% of asset value invested in bonds or or other fixed income securities would usually attract conservative investors.
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In accordance with the recently published financial statements, Capital Power has a Bond Positions Weight of 0.0%. This indicator is about the same for the Independent Power and Renewable Electricity Producers average (which is currently at 0.0) sector and about the same as Utilities (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
Capital Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Capital Power from analyzing Capital Power's financial statements. These drivers represent accounts that assess Capital Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Capital Power's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.6B | 3.7B | 4.4B | 5.4B | 4.4B | 4.7B | |
| Enterprise Value | 6.9B | 7.0B | 7.5B | 9.0B | 7.9B | 4.1B |
Capital Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.053 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 13.75 B | ||||
| Shares Outstanding | 138.98 M | ||||
| Shares Owned By Insiders | 0.16 % | ||||
| Shares Owned By Institutions | 18.88 % | ||||
| Number Of Shares Shorted | 3.33 M | ||||
| Price To Earning | 26.64 X | ||||
| Price To Book | 2.33 X | ||||
| Price To Sales | 2.31 X | ||||
| Revenue | 4 B | ||||
| Gross Profit | 980 M | ||||
| EBITDA | 1.68 B | ||||
| Net Income | 744 M | ||||
| Cash And Equivalents | 297 M | ||||
| Cash Per Share | 1.98 X | ||||
| Total Debt | 4.86 B | ||||
| Debt To Equity | 1.08 % | ||||
| Current Ratio | 0.80 X | ||||
| Book Value Per Share | 24.28 X | ||||
| Cash Flow From Operations | 768 M | ||||
| Short Ratio | 5.73 X | ||||
| Earnings Per Share | 4.11 X | ||||
| Price To Earnings To Growth | 2.90 X | ||||
| Target Price | 64.18 | ||||
| Beta | 0.65 | ||||
| Market Capitalization | 8.78 B | ||||
| Total Asset | 11.16 B | ||||
| Retained Earnings | (404 M) | ||||
| Working Capital | 585 M | ||||
| Current Asset | 535 M | ||||
| Current Liabilities | 582 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 5.84 % | ||||
| Net Asset | 11.16 B | ||||
| Last Dividend Paid | 2.5 |
About Capital Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Capital Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Capital Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Capital Power 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 Capital Power
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 Capital Power 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 Capital Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Capital Stock
Moving against Capital Stock
| 0.91 | VCM | Vecima Networks | PairCorr |
| 0.6 | MOX | Morien Resources Corp | PairCorr |
| 0.38 | CNQ | Canadian Natural Res | PairCorr |
| 0.37 | ASM | Avino Silver Gold | PairCorr |
The ability to find closely correlated positions to Capital Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Power 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 Capital Power - 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 Capital Power to buy it.
The correlation of Capital Power 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 Capital Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Power 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 Capital Power 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 Capital Stock
Capital Power financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital Power security.