Cargojet Interest Coverage from 2010 to 2023

CJT Stock  CAD 90.04  1.06  1.16%   
Cargojet Interest Coverage yearly trend continues to be very stable with very little volatility. Interest Coverage is likely to grow to 7.42 this year. During the period from 2010 to 2023, Cargojet Interest Coverage quarterly data regression pattern had sample variance of 8.70 and median of  2.06. Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 30th of September 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M.
Check Cargojet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cargojet main balance sheet or income statement drivers, such as Direct Expenses of 511.6 M, Net Income of 162.6 M or Operating Income of 229.4 M, as well as many exotic indicators such as Interest Coverage of 7.42, Long Term Debt to Equity of 0.52 or Calculated Tax Rate of 19.26. Cargojet financial statements analysis is a perfect complement when working with Cargojet Valuation or Volatility modules.
This module can also supplement various Cargojet Technical models . Check out the analysis of Cargojet Correlation against competitors.

Cargojet Interest Coverage Breakdown

Showing smoothed Interest Coverage of Cargojet with missing and latest data points interpolated. Cargojet's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cargojet's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Slightly volatile
   Interest Coverage   

Cargojet Interest Coverage Regression Statistics

Arithmetic Mean3.21
Geometric Mean1.78
Coefficient Of Variation91.82
Mean Deviation2.58
Standard Deviation2.95
Sample Variance8.70
Mean Square Error5.05
Total Sum of Squares113.16

Cargojet Interest Coverage History

2023 7.42
2022 6.88
2020 7.64
2019 1.45
2018 2.06
2017 2.42
2016 1.34
2014 0.14
2013 1.01
2012 1.08
2011 1.2

About Cargojet Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cargojet income statement, its balance sheet, and the statement of cash flows. Cargojet investors use historical funamental indicators, such as Cargojet's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Cargojet investors may use each financial statement separately, they are all related. The changes in Cargojet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cargojet'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 Cargojet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cargojet. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Interest Coverage 6.88  7.42 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA313.3 M338 M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cargojet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cargojet's short interest history, or implied volatility extrapolated from Cargojet options trading.

Pair Trading with Cargojet

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

Moving against Cargojet Stock

-0.43MALMagellan AerospacePairCorr
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet is a statistical measure of how it moves in relation to other equities. 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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
Check out the analysis of Cargojet Correlation against competitors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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Please note, there is a significant difference between Cargojet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cargojet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cargojet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.