Canadian Free Cash Flow Per Share vs Free Cash Flow Yield Analysis

CGI Stock

CAD 40.97 0.27 0.65%

Canadian General financial indicator trend analysis is way more than just evaluating Canadian General Inv prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian General Inv is a good investment. Please check the relationship between Canadian General Free Cash Flow Per Share and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian General Investments. 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.

Free Cash Flow Per Share vs Free Cash Flow Yield

Free Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian General Inv Free Cash Flow Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Canadian General's Free Cash Flow Per Share and Free Cash Flow Yield is 0.96. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Canadian General Investments, assuming nothing else is changed. The correlation between historical values of Canadian General's Free Cash Flow Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Canadian General Investments are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow Per Share i.e., Canadian General's Free Cash Flow Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Canadian General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian General Inv 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 Canadian General Investments. 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, Canadian General's Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.1, while Tax Provision is likely to drop about 362.9 K.

Canadian General fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Non Current Liabilities Total	Other Current Assets	Short Term Investments	Inventory	Short Long Term Debt Total	Net Tangible Assets	Long Term Debt	Short Long Term Debt
Total Assets		-0.74	0.3	1.0	0.39	0.9	0.9	-0.03	0.33	-0.94	-0.18	0.33	0.06	-0.38	-0.11	0.8	0.2	-0.35	-0.22	0.73	0.99	-0.91	-0.27	0.98	-0.67	-0.7
Other Current Liab	-0.74		-0.62	-0.74	-0.58	-0.82	-0.81	0.16	0.15	0.84	0.39	-0.69	-0.29	0.67	0.48	-0.63	-0.4	0.68	0.24	-0.52	-0.78	0.86	0.23	-0.78	0.89	0.68
Total Current Liabilities	0.3	-0.62		0.28	0.48	0.51	0.44	0.23	-0.74	-0.47	-0.04	0.96	0.25	-0.92	-0.65	0.46	0.86	-0.94	0.15	0.55	0.35	-0.53	0.15	0.35	-0.71	-0.38
Total Stockholder Equity	1.0	-0.74	0.28		0.38	0.89	0.9	-0.03	0.34	-0.93	-0.18	0.32	0.05	-0.37	-0.09	0.78	0.19	-0.34	-0.23	0.71	0.99	-0.9	-0.28	0.98	-0.67	-0.7
Net Debt	0.39	-0.58	0.48	0.38		0.53	0.5	-0.15	-0.29	-0.47	-0.28	0.58	-0.1	-0.54	-0.52	0.48	0.37	-0.56	0.02	0.37	0.43	-0.53	-0.01	0.35	-0.39	-0.33
Retained Earnings	0.9	-0.82	0.51	0.89	0.53		0.8	0.06	0.13	-0.95	-0.09	0.54	0.11	-0.5	-0.46	0.82	0.44	-0.52	-0.36	0.82	0.92	-0.96	-0.38	0.9	-0.77	-0.73
Accounts Payable	0.9	-0.81	0.44	0.9	0.5	0.8		-0.1	0.07	-0.88	-0.35	0.49	0.19	-0.55	-0.2	0.78	0.24	-0.51	-0.04	0.61	0.91	-0.84	-0.07	0.9	-0.73	-0.69
Cash	-0.03	0.16	0.23	-0.03	-0.15	0.06	-0.1		-0.01	0.12	0.47	-0.02	-0.28	0.07	-0.05	0.03	0.24	0.07	-0.22	0.2	-0.09	0.09	0.22	-0.1	-0.1	-0.4
Non Current Assets Total	0.33	0.15	-0.74	0.34	-0.29	0.13	0.07	-0.01		-0.14	0.04	-0.75	-0.2	0.74	0.44	0.07	-0.66	0.76	-0.45	-0.01	0.28	-0.09	-0.4	0.27	0.19	-0.16
Non Currrent Assets Other	-0.94	0.84	-0.47	-0.93	-0.47	-0.95	-0.88	0.12	-0.14		0.27	-0.54	-0.28	0.52	0.4	-0.87	-0.33	0.53	0.19	-0.78	-0.97	0.99	0.32	-0.97	0.77	0.66
Other Assets	-0.18	0.39	-0.04	-0.18	-0.28	-0.09	-0.35	0.47	0.04	0.27		-0.18	-0.39	0.2	0.07	-0.31	0.43	0.21	-0.37	0.16	-0.23	0.25	-0.41	-0.26	0.15	0.2
Cash And Short Term Investments	0.33	-0.69	0.96	0.32	0.58	0.54	0.49	-0.02	-0.75	-0.54	-0.18		0.31	-0.96	-0.67	0.51	0.81	-0.99	0.21	0.55	0.4	-0.59	0.11	0.4	-0.68	-0.32
Net Receivables	0.06	-0.29	0.25	0.05	-0.1	0.11	0.19	-0.28	-0.2	-0.28	-0.39	0.31		-0.23	-0.39	0.27	0.05	-0.28	0.18	0.1	0.14	-0.26	-0.03	0.21	-0.28	0.01
Common Stock Total Equity	-0.38	0.67	-0.92	-0.37	-0.54	-0.5	-0.55	0.07	0.74	0.52	0.2	-0.96	-0.23		0.46	-0.47	-0.76	0.99	-0.32	-0.5	-0.43	0.55	-0.21	-0.43	0.65	0.31
Common Stock Shares Outstanding	-0.11	0.48	-0.65	-0.09	-0.52	-0.46	-0.2	-0.05	0.44	0.4	0.07	-0.67	-0.39	0.46		-0.46	-0.58	0.57	0.18	-0.44	-0.2	0.48	0.25	-0.18	0.48	0.2
Total Liab	0.8	-0.63	0.46	0.78	0.48	0.82	0.78	0.03	0.07	-0.87	-0.31	0.51	0.27	-0.47	-0.46		0.29	-0.48	0.01	0.86	0.83	-0.86	-0.03	0.81	-0.5	-0.66
Total Current Assets	0.2	-0.4	0.86	0.19	0.37	0.44	0.24	0.24	-0.66	-0.33	0.43	0.81	0.05	-0.76	-0.58	0.29		-0.79	-0.02	0.6	0.24	-0.39	-0.16	0.21	-0.53	-0.16
Common Stock	-0.35	0.68	-0.94	-0.34	-0.56	-0.52	-0.51	0.07	0.76	0.53	0.21	-0.99	-0.28	0.99	0.57	-0.48	-0.79		-0.28	-0.52	-0.41	0.57	-0.16	-0.41	0.67	0.3
Non Current Liabilities Total	-0.22	0.24	0.15	-0.23	0.02	-0.36	-0.04	-0.22	-0.45	0.19	-0.37	0.21	0.18	-0.32	0.18	0.01	-0.02	-0.28		-0.09	-0.21	0.22	0.68	-0.16	0.28	0.41
Other Current Assets	0.73	-0.52	0.55	0.71	0.37	0.82	0.61	0.2	-0.01	-0.78	0.16	0.55	0.1	-0.5	-0.44	0.86	0.6	-0.52	-0.09		0.75	-0.8	-0.25	0.73	-0.5	-0.54
Short Term Investments	0.99	-0.78	0.35	0.99	0.43	0.92	0.91	-0.09	0.28	-0.97	-0.23	0.4	0.14	-0.43	-0.2	0.83	0.24	-0.41	-0.21	0.75		-0.95	-0.3	0.99	-0.7	-0.68
Inventory	-0.91	0.86	-0.53	-0.9	-0.53	-0.96	-0.84	0.09	-0.09	0.99	0.25	-0.59	-0.26	0.55	0.48	-0.86	-0.39	0.57	0.22	-0.8	-0.95		0.34	-0.94	0.79	0.66
Short Long Term Debt Total	-0.27	0.23	0.15	-0.28	-0.01	-0.38	-0.07	0.22	-0.4	0.32	-0.41	0.11	-0.03	-0.21	0.25	-0.03	-0.16	-0.16	0.68	-0.25	-0.3	0.34		-0.27	0.27	-0.05
Net Tangible Assets	0.98	-0.78	0.35	0.98	0.35	0.9	0.9	-0.1	0.27	-0.97	-0.26	0.4	0.21	-0.43	-0.18	0.81	0.21	-0.41	-0.16	0.73	0.99	-0.94	-0.27		-0.72	-0.66
Long Term Debt	-0.67	0.89	-0.71	-0.67	-0.39	-0.77	-0.73	-0.1	0.19	0.77	0.15	-0.68	-0.28	0.65	0.48	-0.5	-0.53	0.67	0.28	-0.5	-0.7	0.79	0.27	-0.72		0.62
Short Long Term Debt	-0.7	0.68	-0.38	-0.7	-0.33	-0.73	-0.69	-0.4	-0.16	0.66	0.2	-0.32	0.01	0.31	0.2	-0.66	-0.16	0.3	0.41	-0.54	-0.68	0.66	-0.05	-0.66	0.62

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Canadian General Account Relationship Matchups

Canadian General fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	948.2M	1.2B	1.5B	1.2B	1.3B	903.6M
Other Current Liab	(1.2M)	(101.9M)	(110.5M)	(151.5M)	(177.7M)	(168.8M)
Total Current Liabilities	1.2M	1.7M	1.6M	1.5M	178.0M	186.9M
Total Stockholder Equity	771.5M	1.0B	1.3B	1.0B	1.2B	725.6M
Net Debt	77.5M	92.3M	83.4M	71.4M	163.8M	172.0M
Retained Earnings	643.0M	914.9M	1.2B	877.7M	1.0B	1.1B
Accounts Payable	1.2M	1.8M	1.7M	1.6M	2.3M	1.3M
Cash	21.0M	6.9M	16.6M	3.6M	11.2M	12.7M
Non Current Assets Total	925.9M	1.2B	1.4B	1.2B	158K	150.1K
Non Currrent Assets Other	(925.9M)	(1.2B)	(1.4B)	(1.2B)	(1.3B)	(1.3B)
Other Assets	141K	134K	193K	2.2M	158K	150.1K
Cash And Short Term Investments	21.0M	6.9M	16.6M	3.6M	1.3B	1.4B
Net Receivables	1.1M	1.9M	2.4M	1.9M	1.8M	3.4M
Common Stock Shares Outstanding	20.9M	20.9M	20.9M	20.9M	20.9M	16.8M
Liabilities And Stockholders Equity	948.2M	1.2B	1.5B	1.2B	1.3B	903.6M
Total Liab	176.7M	176.3M	185.2M	151.5M	177.7M	178.0M
Total Current Assets	22.1M	8.8M	19.0M	5.5M	1.3B	1.4B
Non Current Liabilities Total	98.6M	99.2M	100M	1.5M	175M	91.0M
Other Current Assets	925.9M	1.2B	1.4B	1.9M	1.3B	1.4B
Short Term Investments	925.9M	1.2B	1.4B	1.2B	1.3B	999.8M
Inventory	(925.9M)	(1.2B)	(1.4B)	(1.2B)	(1.3B)	(1.4B)
Short Long Term Debt Total	172.8M	99.2M	100M	75M	175M	99.3M
Net Tangible Assets	771.5M	1.0B	1.3B	1.0B	1.2B	861.8M
Long Term Debt	148.8M	74.1M	172.8M	74.5M	74.7M	0.0
Short Term Debt	0.0	99.2M	100M	149.9M	175M	123.2M
Long Term Debt Total	148.8M	74.1M	172.8M	74.5M	74.7M	0.0
Long Term Investments	925.9M	1.2B	1.4B	1.2B	1.3B	1.1B
Net Invested Capital	870.1M	1.1B	1.4B	1.1B	1.3B	1.1B

Pair Trading with Canadian General

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

Moving together with Canadian Stock

0.65	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.77	RY	Royal Bank Earnings Call This Week	Pair Corr
0.68	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.73	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against Canadian Stock

0.4

Toronto Dominion Bank Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Canadian General 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 General 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 General - 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 General Investments to buy it.

The correlation of Canadian General 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 General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian General Inv 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 General 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 Correlation Correlation Matching

Other Information on Investing in Canadian Stock

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

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Canadian Free Cash Flow Per Share vs Free Cash Flow Yield Analysis

Free Cash Flow Per Share vs Free Cash Flow Yield

Free Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Free Cash Flow Yield

Canadian General fundamental ratios Correlations

Canadian General Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian General fundamental ratios Accounts

Pair Trading with Canadian General

Moving together with Canadian Stock

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Short Term Investments	+ 0.99	Total Assets
Short Term Investments	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Non Currrent Assets Other
Common Stock	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.99	Short Term Investments

Common Stock	- 0.99	Cash And Short Term Investments
Net Tangible Assets	- 0.97	Non Currrent Assets Other
Short Term Investments	- 0.97	Non Currrent Assets Other
Common Stock Total Equity	- 0.96	Cash And Short Term Investments
Inventory	- 0.96	Retained Earnings
Inventory	- 0.95	Short Term Investments