Cargojet Weighted Average Shares Diluted from 2010 to 2024
| CJT Stock | CAD 114.32 0.67 0.58% |
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 Depreciation And Amortization of 185.6 M, Interest Expense of 59.6 M or Selling General Administrative of 41.2 M, as well as many exotic indicators such as Price To Sales Ratio of 1.18, Dividend Yield of 0.0091 or PTB Ratio of 2.96. Cargojet financial statements analysis is a perfect complement when working with Cargojet Valuation or Volatility modules.
Cargojet | Weighted Average Shares Diluted |
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 together with Cargojet Stock
| 0.75 | AAPL | Apple Inc CDR | PairCorr |
Moving against Cargojet Stock
| 0.84 | WMT | Walmart Inc CDR | PairCorr |
| 0.81 | NVDA | NVIDIA CDR | PairCorr |
| 0.65 | META | Meta Platforms CDR | PairCorr |
| 0.65 | CNQ | Canadian Natural Res Earnings Call This Week | PairCorr |
| 0.64 | JPM | JPMorgan Chase | PairCorr |
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 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 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.Check out the analysis of Cargojet Correlation against competitors. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Cargojet Stock analysis
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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