Cargojet Revenues from 2010 to 2023

Stocks . Canada . 
Stock . Cargojet
CJT Stock  CAD 96.90  3.10  3.10%   
Cargojet Revenues yearly trend continues to be very stable with very little volatility. Revenues is likely to grow to about 735.9 M this year. During the period from 2010 to 2023, Cargojet Revenues quarterly data regression pattern had range of 601,594,680 and median of  382,900,000. 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 10th of June 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. It can also supplement various Cargojet Technical models . Check out the analysis of Cargojet Correlation against competitors.

Cargojet Revenues Breakdown

Showing smoothed Revenues of Cargojet with missing and latest data points interpolated. Revenues refers to the total amount of money received by Cargojet for goods sold or services provided during a certain time period. It also includes all of Cargojet sales as well as any other increase in Cargojet equity.Revenues are reported on Cargojet income statement and calculated before any expenses are subtracted. The amount of Revenue recognised from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.Cargojet's Revenues 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.
ViewLast Reported 979.9 M10 Years Trend
Slightly volatile
Compare to OthersAll Fundamentals
   Revenues   
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Cargojet Revenues Regression Statistics

Arithmetic Mean403,345,993
Geometric Mean342,324,888
Coefficient Of Variation56.77
Mean Deviation195,086,818
Median382,900,000
Standard Deviation228,982,152
Range601,594,680
R-Value0.96
R-Squared0.93
Significance0.00000003
Slope52,727,262

Cargojet Revenues History

2023735.9 M
2022682 M
2021757.8 M
2020668.5 M
2019486.6 M
2018454.9 M
2017382.9 M
2016331 M
2015289 M
2014192.4 M
2013175.4 M

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 Revenues, 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
Revenues682 M735.9 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

-0.43FTTFinning InternationalPairCorr
-0.41ATSATS CORPPairCorr
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Cargojet's price analysis, check to measure Cargojet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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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.
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