Macroaxis provides advice on Cargojet to complement and cross-verify current
analyst consensus on Cargojet. Our investment recommendation engine determines the company's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.
The successful prediction of Cargojet
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Cargojet, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Cargojet based on Cargojet hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Cargojet's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Cargojet's related companies.
Use Technical Analysis to project Cargojet expected Price
Cargojet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cargojet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cargojet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Cargojet Gross Profit
Cargojet Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Cargojet previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Cargojet Gross Profit growth over the last 10 years. Please check Cargojet's
gross profit and other
fundamental indicators for more details.
Detailed Perspective On Cargojet
The small decline in market price for the last few months could raise concerns from insiders as the firm is trading at a share price of
124.99 on very low momentum in volume. The company executives did not add much value to Cargojet investors in
February. However, diversifying your holdings with Cargojet or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.09. The current volatility is consistent with the ongoing market swings in
February 2023 as well as with Cargojet unsystematic, company-specific events.
| 2020 | 2021 | 2022 | 2023 (projected) |
Weighted Average Shares | 15.6 M | 17.2 M | 15.48 M | 12.86 M | Revenues | 668.5 M | 757.8 M | 682.02 M | 735.86 M |
Revenues Breakdown
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. Revenues usually refers to 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. Cargojet Revenues is very stable at the moment as compared to the past year. Cargojet reported last year Revenues of 682.02 Million
| 2016 | 331 Million |
| 2017 | 382.9 Million |
| 2018 | 454.9 Million |
| 2019 | 486.6 Million |
| 2020 | 668.5 Million |
| 2021 | 757.8 Million |
| 2022 | 682.02 Million |
| 2023 | 735.86 Million |
Over 3 percent roll up for Cargojet. What does it mean for insiders?
The value at risk is down to -3.38 as of today. Cargojet exhibits very low volatility with skewness of -0.02 and kurtosis of -0.51. However, we advise investors to further study Cargojet technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cargojet's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cargojet's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Conclusion on Cargojet
When is the right time to buy or sell Cargojet? Buying stocks such as Cargojet isn't very hard. However, what challenging for most investors is doing it at the right time. Proper
market timing is something most people cannot do without
sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
With a somewhat neutral outlook on your 90 days horizon, it may be better to hold off any trading activity and neither take in new shares of Cargojet nor exit your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Cargojet.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Cargojet. Please refer to our
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