Chemtrade Logistics Financial Statements From 2010 to 2024
CGIFF Fund | USD 6.17 0.03 0.49% |
Check Chemtrade Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chemtrade main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Chemtrade financial statements analysis is a perfect complement when working with Chemtrade Logistics Valuation or Volatility modules.
Chemtrade |
Chemtrade Logistics Income Company Beta Analysis
Chemtrade Logistics' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Chemtrade Logistics Beta | 1.5 |
Most of Chemtrade Logistics' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Chemtrade Logistics Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
Chemtrade Logistics Beta Component Assessment
In accordance with the recently published financial statements, Chemtrade Logistics Income has a Beta of 1.5. This is 72.41% higher than that of the Basic Materials family and 7.14% higher than that of the Chemicals category. The beta for all United States funds is notably lower than that of the firm.
Chemtrade Logistics Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Chemtrade Logistics's current stock value. Our valuation model uses many indicators to compare Chemtrade Logistics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Chemtrade Logistics competition to find correlations between indicators driving Chemtrade Logistics's intrinsic value. More Info.Chemtrade Logistics Income is the top fund in price to earning among similar funds. It is the top fund in price to book among similar funds fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Chemtrade Logistics Income is roughly 53.64 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Chemtrade Logistics by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Chemtrade Logistics' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Chemtrade Logistics' earnings, one of the primary drivers of an investment's value.About Chemtrade Logistics Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Chemtrade Logistics income statement, its balance sheet, and the statement of cash flows. Chemtrade Logistics investors use historical funamental indicators, such as Chemtrade Logistics's revenue or net income, to determine how well the company is positioned to perform in the future. Although Chemtrade Logistics investors may use each financial statement separately, they are all related. The changes in Chemtrade Logistics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chemtrade Logistics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Chemtrade Logistics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chemtrade Logistics. Please read more on our technical analysis and fundamental analysis pages.
Chemtrade Logistics Income Fund offers industrial chemicals and services in Canada, the United States, and South America. Chemtrade Logistics Income Fund was founded in 2001 and is headquartered in Toronto, Canada. Chemtrade Logistics operates under Chemicals classification in the United States and is traded on OTC Exchange.
Pair Trading with Chemtrade Logistics
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 Chemtrade Logistics 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 Chemtrade Logistics will appreciate offsetting losses from the drop in the long position's value.Moving against Chemtrade Pink Sheet
0.66 | TWN | Taiwan Closed | PairCorr |
0.63 | CCD | Calamos Dynamic Conv | PairCorr |
0.62 | TDF | Templeton Dragon Closed | PairCorr |
0.61 | KF | Korea Closed | PairCorr |
0.56 | USPRX | Sp 500 Index | PairCorr |
The ability to find closely correlated positions to Chemtrade Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemtrade Logistics 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 Chemtrade Logistics - 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 Chemtrade Logistics Income to buy it.
The correlation of Chemtrade Logistics 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 Chemtrade Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemtrade Logistics 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 Chemtrade Logistics 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 the analysis of Chemtrade Logistics Correlation against competitors. Note that the Chemtrade Logistics information on this page should be used as a complementary analysis to other Chemtrade Logistics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.