Canadian Return On Equity from 2010 to 2026
| CTC Stock | CAD 220.10 7.97 3.76% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.13 | Current Value 0.1 | Quarterly Volatility 0.04254813 |
Check Canadian Tire financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Tire's main balance sheet or income statement drivers, such as Depreciation And Amortization of 236.4 M, Interest Expense of 474.7 M or Selling General Administrative of 3.8 B, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0404 or PTB Ratio of 2.09. Canadian financial statements analysis is a perfect complement when working with Canadian Tire Valuation or Volatility modules.
Canadian | Return On Equity |
Latest Canadian Tire's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Canadian Tire over the last few years. Return on Equity is the amount of Canadian Tire net income returned as a percentage of Canadian Tire equity. Return on equity measures Canadian Tire profitability by revealing how much profit Canadian Tire generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Canadian Tire's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Tire's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.13 | 10 Years Trend |
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Return On Equity |
| Timeline |
Canadian Return On Equity Regression Statistics
| Arithmetic Mean | 0.13 | |
| Geometric Mean | 0.13 | |
| Coefficient Of Variation | 31.53 | |
| Mean Deviation | 0.03 | |
| Median | 0.13 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1816 | |
| R-Value | 0.20 | |
| Mean Square Error | 0 | |
| R-Squared | 0.04 | |
| Significance | 0.45 | |
| Slope | 0 | |
| Total Sum of Squares | 0.03 |
Canadian Return On Equity History
About Canadian Tire Financial Statements
Canadian Tire investors utilize fundamental indicators, such as Return On Equity, to predict how Canadian Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.13 | 0.10 |
Pair Trading with Canadian Tire
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 Tire 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 Tire will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.93 | LUN | Lundin Mining | PairCorr |
| 0.9 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.85 | GMIN | G Mining Ventures | PairCorr |
| 0.84 | DAU | Desert Gold Ventures | PairCorr |
| 0.82 | FFH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Canadian Tire 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 Tire 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 Tire - 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 Tire to buy it.
The correlation of Canadian Tire 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 Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire 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 Tire 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 Canadian Stock
Canadian Tire financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Tire security.