Cameco Dividend Yield vs Average Payables Analysis
CCO Stock | CAD 83.56 0.89 1.08% |
Cameco Corp financial indicator trend analysis is way more than just evaluating Cameco Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cameco Corp is a good investment. Please check the relationship between Cameco Corp Dividend Yield and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco Corp. 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. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.
Dividend Yield vs Average Payables
Dividend Yield vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cameco Corp Dividend Yield account and Average Payables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cameco Corp's Dividend Yield and Average Payables is 0.24. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Average Payables in the same time period over historical financial statements of Cameco Corp, assuming nothing else is changed. The correlation between historical values of Cameco Corp's Dividend Yield and Average Payables 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 Cameco Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Dividend Yield i.e., Cameco Corp's Dividend Yield and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Dividend Yield
Dividend Yield is Cameco Corp dividend as a percentage of Cameco Corp stock price. Cameco Corp dividend yield is a measure of Cameco Corp stock productivity, which can be interpreted as interest rate earned on an Cameco Corp 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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from Cameco Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cameco Corp 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 Cameco Corp. 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. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.At this time, Cameco Corp's Tax Provision is very stable compared to the past year. As of the 4th of December 2024, Issuance Of Capital Stock is likely to grow to about 1 B, while Selling General Administrative is likely to drop about 123.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9M | 233.3M | 561.7M | 522.6M | Total Revenue | 1.5B | 1.9B | 2.6B | 1.7B |
Cameco Corp fundamental ratios Correlations
Click cells to compare fundamentals
Cameco Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cameco Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.4B | 7.6B | 7.5B | 8.6B | 9.9B | 6.2B | |
Short Long Term Debt Total | 1.0B | 1.0B | 996.3M | 997M | 1.8B | 934.9M | |
Other Current Liab | 177.0M | 140.5M | 196.2M | 304.4M | 252.2M | 142.1M | |
Total Current Liabilities | 277.4M | 303.8M | 413.7M | 560.8M | 1.2B | 1.2B | |
Total Stockholder Equity | 5.0B | 5.0B | 4.8B | 5.8B | 6.1B | 3.9B | |
Property Plant And Equipment Net | 3.7B | 3.8B | 3.6B | 3.5B | 3.4B | 3.5B | |
Net Debt | 130.0M | 267.3M | (17.9M) | 92.3M | 1.2B | 1.3B | |
Retained Earnings | 2.8B | 2.7B | 2.6B | 2.7B | 3.0B | 2.0B | |
Accounts Payable | 100.4M | 137.2M | 213.4M | 250.0M | 388.9M | 241.5M | |
Cash | 866.7M | 728.2M | 1.0B | 904.7M | 566.8M | 410.8M | |
Non Current Assets Total | 5.6B | 5.6B | 5.4B | 5.3B | 8.1B | 4.6B | |
Non Currrent Assets Other | 1.3B | 1.3B | 577.5M | 595.5M | 613.8M | 537.4M | |
Cash And Short Term Investments | 866.7M | 753.2M | 1.1B | 2.0B | 566.8M | 538.9M | |
Net Receivables | 338.3M | 231.9M | 304.3M | 217.2M | 413.8M | 322.5M | |
Liabilities And Stockholders Equity | 7.4B | 7.6B | 7.5B | 8.6B | 9.9B | 6.2B | |
Non Current Liabilities Total | 2.2B | 2.3B | 2.3B | 2.2B | 2.7B | 1.7B | |
Inventory | 406.3M | 769.8M | 504.9M | 822.6M | 692.3M | 622.7M | |
Other Current Assets | 195.7M | 190.1M | 233.3M | 239M | 169.0M | 165.4M | |
Other Stockholder Equity | 306.4M | 352.8M | 230.0M | 224.7M | 200.4M | 190.4M | |
Total Liab | 2.4B | 2.6B | 2.7B | 2.8B | 3.8B | 2.2B | |
Property Plant And Equipment Gross | 3.7B | 3.8B | 9.2B | 9.4B | 9.5B | 10.0B | |
Total Current Assets | 1.8B | 1.9B | 2.1B | 3.3B | 1.8B | 1.6B | |
Accumulated Other Comprehensive Income | (5.3B) | (5.5B) | 72.8M | 34.7M | (15.3M) | (16.0M) | |
Short Term Debt | 4.0M | 26.1M | 2.7M | 2.7M | 499.8M | 307.3M | |
Current Deferred Revenue | (4.0M) | 114.4M | (2.7M) | (2.7M) | 24.1M | 22.9M | |
Intangible Assets | 60.4M | 55.8M | 51.2M | 47.1M | 43.6M | 69.1M | |
Common Stock | 1.9B | 1.9B | 1.9B | 2.9B | 2.9B | 2.2B | |
Other Liab | 1.1B | 1.3B | 1.2B | 1.1B | 1.3B | 1.2B | |
Net Tangible Assets | 4.9B | 4.9B | 4.8B | 5.8B | 6.7B | 5.6B | |
Other Assets | 1.6B | 1.6B | 1.5B | 984.1M | 1.1B | 1.4B | |
Long Term Debt | 996.7M | 995.5M | 996.3M | 997M | 1.3B | 984.0M | |
Long Term Investments | 252.7M | 219.7M | 233.2M | 211.0M | 3.8B | 4.0B | |
Short Long Term Debt | 499.6M | 33.1M | 26.1M | 499.8M | 449.8M | 748.0M | |
Property Plant Equipment | 3.7B | 3.8B | 3.6B | 3.5B | 3.1B | 3.4B | |
Long Term Debt Total | 1.0B | 1.0B | 996.3M | 997M | 897.3M | 948.2M |
Pair Trading with Cameco Corp
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 Cameco Corp 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 Cameco Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Cameco Stock
0.95 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.76 | ENB-PFU | Enbridge Pref L | PairCorr |
0.9 | ENS | E Split Corp | PairCorr |
0.81 | ENS-PA | E Split Corp | PairCorr |
Moving against Cameco Stock
The ability to find closely correlated positions to Cameco Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cameco Corp 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 Cameco Corp - 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 Cameco Corp to buy it.
The correlation of Cameco Corp 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 Cameco Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cameco Corp 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 Cameco Corp 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco Corp. 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. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.