Canadian TireLimited (Germany) Today
| YAAA Stock | EUR 91.95 2.25 2.51% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Canadian TireLimited is trading at 91.95 as of the 23rd of April 2024. This is a 2.51 percent increase since the beginning of the trading day. The stock's lowest day price was 90.15. Canadian TireLimited has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Canadian Tire are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company was founded in 1922 and is headquartered in Toronto, Canada. CANADIAN TIRE operates under Specialty Retail classification in Germany and is traded on Frankfurt Stock Exchange. The company has 53.73 M outstanding shares. More on Canadian Tire
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Follow Valuation Odds of Bankruptcy
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Canadian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canadian TireLimited's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canadian TireLimited or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Specialty Retail, Consumer Cyclical (View all Sectors) |
Canadian Tire (YAAA) is traded on Frankfurt Exchange in Germany and employs 13,802 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canadian TireLimited's market, we take the total number of its shares issued and multiply it by Canadian TireLimited's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canadian TireLimited operates under Consumer Cyclical sector and is part of Specialty Retail industry. The entity has 53.73 M outstanding shares.
Canadian Tire has accumulated about 365.71 M in cash with 566 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.64.
Check Canadian TireLimited Probability Of Bankruptcy
Ownership AllocationCanadian TireLimited retains a total of 53.73 Million outstanding shares. 30% of Canadian Tire outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Canadian Ownership Details
Canadian Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Canadian TireLimited jumping above the current price in 90 days from now is about 66.18%. The Canadian Tire probability density function shows the probability of Canadian TireLimited stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Canadian TireLimited has a beta of 0.7645. This entails as returns on the market go up, Canadian TireLimited average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Tire will be expected to be much smaller as well. Additionally, canadian Tire has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Canadian TireLimited to move above the current price in 90 days from now is about 66.18 (This Canadian Tire probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) .
Canadian TireLimited Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canadian TireLimited market risk premium is the additional return an investor will receive from holding Canadian TireLimited long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canadian TireLimited. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canadian TireLimited's alpha and beta are two of the key measurements used to evaluate Canadian TireLimited's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8851 | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.42 | |||
| Risk Adjusted Performance | (0.03) |
Canadian Stock Against Markets
Picking the right benchmark for Canadian TireLimited stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canadian TireLimited stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canadian TireLimited is critical whether you are bullish or bearish towards Canadian Tire at a given time. Please also check how Canadian TireLimited's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canadian TireLimited without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canadian TireLimited Corporate Management
Elected by the shareholders, the Canadian TireLimited's board of directors comprises two types of representatives: Canadian TireLimited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian TireLimited's management team and ensure that shareholders' interests are well served. Canadian TireLimited's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canadian TireLimited's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aayaz Pira | Pres Services | Profile | |
| Rex Lee | Chief Officer | Profile | |
| Gregory Hicks | Pres CEO | Profile | |
| CPA CMA | CFO VP | Profile | |
| Jane Shaw | VP Communications | Profile | |
| John Salt | VP Chain | Profile | |
| Robert Mongeau | VP Estate | Profile |
How to buy Canadian Stock?
Before investing in Canadian TireLimited, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canadian TireLimited. To buy Canadian TireLimited stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canadian TireLimited. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Canadian TireLimited stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Canadian Tire stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Canadian Tire stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canadian Tire, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Canadian Tire?
The danger of trading Canadian Tire is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canadian TireLimited is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canadian TireLimited. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canadian TireLimited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canadian Tire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Canadian TireLimited information on this page should be used as a complementary analysis to other Canadian TireLimited's 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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Canadian Stock analysis
When running Canadian TireLimited's price analysis, check to measure Canadian TireLimited'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 Canadian TireLimited is operating at the current time. Most of Canadian TireLimited's value examination focuses on studying past and present price action to predict the probability of Canadian TireLimited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian TireLimited's price. Additionally, you may evaluate how the addition of Canadian TireLimited to your portfolios can decrease your overall portfolio volatility.
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