Cascades Dividend Yield vs Pb Ratio Analysis

CAS Stock  CAD 12.61  0.05  0.40%   
Cascades financial indicator trend analysis is way more than just evaluating Cascades prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cascades is a good investment. Please check the relationship between Cascades Dividend Yield and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cascades. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Dividend Yield vs Pb Ratio

Dividend Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cascades Dividend Yield account and Pb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cascades' Dividend Yield and Pb Ratio is -0.64. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Cascades, assuming nothing else is changed. The correlation between historical values of Cascades' Dividend Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Cascades are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Dividend Yield i.e., Cascades' Dividend Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.64
Relationship DirectionNegative 
Relationship StrengthWeak

Dividend Yield

Dividend Yield is Cascades dividend as a percentage of Cascades stock price. Cascades dividend yield is a measure of Cascades stock productivity, which can be interpreted as interest rate earned on an Cascades investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Pb Ratio

Most indicators from Cascades' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cascades 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cascades. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Cascades' Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Discontinued Operations is likely to grow to about 282.6 M, though Tax Provision is likely to grow to (12.3 M).
 2021 2023 2024 (projected)
Interest Expense87M124M97.2M
Depreciation And Amortization252M272M204.0M

Cascades fundamental ratios Correlations

0.920.740.960.880.920.790.810.830.920.590.99-0.650.60.80.780.910.91-0.760.940.510.91-0.280.050.95-0.27
0.920.620.890.690.790.720.960.60.870.410.91-0.470.420.750.740.970.92-0.780.970.420.84-0.280.140.81-0.34
0.740.620.790.670.790.610.450.680.580.710.73-0.610.70.510.240.590.5-0.210.660.350.67-0.24-0.360.76-0.11
0.960.890.790.780.850.690.760.750.930.620.93-0.70.640.860.670.890.87-0.70.940.360.94-0.190.120.92-0.13
0.880.690.670.780.960.820.560.980.740.580.91-0.610.590.540.690.620.72-0.550.680.730.72-0.16-0.170.88-0.18
0.920.790.790.850.960.850.670.940.770.590.94-0.590.60.570.620.70.77-0.510.760.710.76-0.14-0.180.88-0.18
0.790.720.610.690.820.850.590.780.730.580.79-0.30.580.480.640.640.67-0.550.670.810.69-0.26-0.270.71-0.45
0.810.960.450.760.560.670.590.450.780.120.82-0.330.130.650.770.930.91-0.810.90.390.68-0.310.220.71-0.34
0.830.60.680.750.980.940.780.450.680.60.85-0.590.610.510.590.520.65-0.440.60.710.68-0.07-0.20.85-0.09
0.920.870.580.930.740.770.730.780.680.510.89-0.540.520.90.790.90.92-0.830.930.420.92-0.30.210.87-0.28
0.590.410.710.620.580.590.580.120.60.510.53-0.581.00.510.130.390.29-0.130.470.20.72-0.01-0.180.52-0.08
0.990.910.730.930.910.940.790.820.850.890.53-0.650.530.730.790.890.9-0.750.920.560.85-0.30.010.94-0.28
-0.65-0.47-0.61-0.7-0.61-0.59-0.3-0.33-0.59-0.54-0.58-0.65-0.6-0.49-0.41-0.51-0.410.37-0.58-0.09-0.590.11-0.09-0.64-0.18
0.60.420.70.640.590.60.580.130.610.521.00.53-0.60.530.140.40.3-0.150.480.190.730.01-0.170.54-0.04
0.80.750.510.860.540.570.480.650.510.90.510.73-0.490.530.620.810.82-0.730.840.150.93-0.160.350.8-0.1
0.780.740.240.670.690.620.640.770.590.790.130.79-0.410.140.620.790.83-0.950.770.530.63-0.460.230.75-0.42
0.910.970.590.890.620.70.640.930.520.90.390.89-0.510.40.810.790.92-0.860.990.30.86-0.420.210.81-0.39
0.910.920.50.870.720.770.670.910.650.920.290.9-0.410.30.820.830.92-0.850.930.460.84-0.270.230.86-0.26
-0.76-0.78-0.21-0.7-0.55-0.51-0.55-0.81-0.44-0.83-0.13-0.750.37-0.15-0.73-0.95-0.86-0.85-0.83-0.33-0.70.43-0.37-0.70.39
0.940.970.660.940.680.760.670.90.60.930.470.92-0.580.480.840.770.990.93-0.830.320.9-0.370.190.86-0.33
0.510.420.350.360.730.710.810.390.710.420.20.56-0.090.190.150.530.30.46-0.330.320.3-0.21-0.480.52-0.3
0.910.840.670.940.720.760.690.680.680.920.720.85-0.590.730.930.630.860.84-0.70.90.3-0.170.190.85-0.19
-0.28-0.28-0.24-0.19-0.16-0.14-0.26-0.31-0.07-0.3-0.01-0.30.110.01-0.16-0.46-0.42-0.270.43-0.37-0.21-0.170.28-0.330.72
0.050.14-0.360.12-0.17-0.18-0.270.22-0.20.21-0.180.01-0.09-0.170.350.230.210.23-0.370.19-0.480.190.280.010.07
0.950.810.760.920.880.880.710.710.850.870.520.94-0.640.540.80.750.810.86-0.70.860.520.85-0.330.01-0.19
-0.27-0.34-0.11-0.13-0.18-0.18-0.45-0.34-0.09-0.28-0.08-0.28-0.18-0.04-0.1-0.42-0.39-0.260.39-0.33-0.3-0.190.720.07-0.19
Click cells to compare fundamentals

Cascades Account Relationship Matchups

Cascades fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2B5.4B4.6B5.1B4.8B4.0B
Short Long Term Debt Total2.1B2.1B1.5B2.1B1.9B1.7B
Other Current Liab343M306M217M244M241M183.7M
Total Current Liabilities1.0B1.0B822M917M819M767.6M
Total Stockholder Equity1.5B1.8B1.9B1.9B1.7B1.2B
Property Plant And Equipment Net2.8B2.8B2.5B2.9B2.8B2.1B
Current Deferred Revenue221M299M213M218M250.7M263.2M
Net Debt2.0B1.7B1.4B2.0B1.9B1.6B
Accounts Payable589M593M518M532M505M534.3M
Cash155M384M174M102M54M69.8M
Non Current Assets Total3.8B3.8B3.4B3.8B3.7B2.8B
Non Currrent Assets Other71M50M52M67M75M114.3M
Cash And Short Term Investments155M389M175M111M54M72.2M
Net Receivables642M682M529M567M465M592.1M
Common Stock Shares Outstanding95.5M95.9M101.9M100.6M100.5M98.2M
Liabilities And Stockholders Equity5.2B5.4B4.6B5.1B4.8B4.0B
Non Current Liabilities Total2.5B2.4B1.8B2.2B2.2B1.9B
Inventory605M598M569M587M568M546.8M
Total Liab3.5B3.5B2.6B3.1B3.0B2.7B
Property Plant And Equipment Gross2.8B2.8B4.9B5.6B5.6B5.9B
Total Current Assets1.4B1.6B1.2B1.3B1.1B1.2B
Accumulated Other Comprehensive Income(17M)(28M)(23M)34M15M15.8M
Short Term Debt98M115M75M137M67M77.5M
Intangible Assets188M165M89M74M56M53.2M
Good Will521M517M472M487M481M421.7M
Other Current Assets85M10M5M1M9M950K
Common Stock491M622M614M611M613M576.6M
Other Liab448M474M367M277M249.3M331.0M
Net Tangible Assets780M1.1B1.3B1.3B1.5B844.1M
Other Assets226M251M196M184M165.6M194.2M
Long Term Debt1.9B1.9B1.5B1.8B1.7B1.8B
Long Term Investments101M80M82M95M97M134.2M
Short Long Term Debt96M66M32M83M8M7.6M
Property Plant Equipment2.8B2.8B2.5B2.9B3.4B2.4B
Long Term Debt Total2.0B1.9B1.5B1.9B2.2B1.9B

Pair Trading with Cascades

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 Cascades 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 Cascades will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cascades Stock

  0.68IE Ivanhoe EnergyPairCorr

Moving against Cascades Stock

  0.69INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Cascades could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cascades 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 Cascades - 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 Cascades to buy it.
The correlation of Cascades 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 Cascades moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cascades 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 Cascades 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Cascades Stock

Balance Sheet is a snapshot of the financial position of Cascades at a specified time, usually calculated after every quarter, six months, or one year. Cascades Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cascades 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 Cascades currently owns. An asset can also be divided into two categories, current and non-current.