Cargojet Stock Performance
| CJT Stock | CAD 87.66 0.61 0.69% |
The firm shows a Beta (market volatility) of 0.1094, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cargojet returns are expected to increase less than the market. However, during the bear market, the loss on holding Cargojet will be expected to be smaller as well. Even though it is essential to pay attention to Cargojet historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Cargojet exposes fifteen different technical indicators, which can help you to evaluate its performance. Cargojet has an expected return of -0.086%. Please make sure to confirm Cargojet information ratio and potential upside to decide if Cargojet performance from the past will be repeated at some point in the near future.
Cargojet Performance
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Over the last 90 days Cargojet has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Cargojet is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the insiders. ...more
| Begin Period Cash Flow | 94.7 M | |
| Total Cashflows From Investing Activities | -615.1 M |
Cargojet |
Cargojet Relative Risk vs. Return Landscape
If you would invest 9,348 in Cargojet on July 6, 2023 and sell it today you would lose (582.00) from holding Cargojet or give up 6.23% of portfolio value over 90 days. Cargojet is producing return of less than zero assuming 1.8108% volatility of returns over the 90 days investment horizon. Simply put, 15% of all stocks have less volatile historical return distribution than Cargojet, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Cargojet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cargojet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Cargojet, and traders can use it to determine the average amount a Cargojet's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0475
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CJT |
Estimated Market Risk
| 1.81 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cargojet is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cargojet by adding Cargojet to a well-diversified portfolio.
Cargojet Fundamentals Growth
Cargojet Stock prices reflect investors' perceptions of the future prospects and financial health of Cargojet, and Cargojet fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Cargojet Stock performance.
| Return On Equity | 0.18 | |||
| Return On Asset | 0.0431 | |||
| Profit Margin | 0.16 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 2.27 B | |||
| Shares Outstanding | 17.21 M | |||
| Price to Earning | 226.44 X | |||
| Price to Book | 2.63 X | |||
| Price to Sales | 2.26 X | |||
| Revenue | 979.9 M | |||
| EBITDA | 324.2 M | |||
| Net Income | 190.6 M | |||
| Cash and Equivalents | 1.4 M | |||
| Cash per Share | 0.09 X | |||
| Debt to Equity | 2.72 % | |||
| Current Ratio | 0.66 X | |||
| Cash Flow from Operations | 282.5 M | |||
| Earnings Per Share | 7.92 X | |||
| Total Asset | 1.99 B | |||
| Retained Earnings | 166.8 M | |||
| Current Asset | 40.52 M | |||
| Current Liabilities | 46.05 M | |||
About Cargojet Performance
To evaluate Cargojet Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Cargojet generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Cargojet Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Cargojet market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Cargojet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for 2023 | ||
| Return on Investment | 23.32 | 25.16 | |
| Return on Average Assets | 11.10 | 11.98 | |
| Return on Average Equity | 35.38 | 38.17 |
Things to note about Cargojet performance evaluation
Checking the ongoing alerts about Cargojet for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Cargojet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Cargojet generated a negative expected return over the last 90 days | |
| The company has accumulated 707 M in total debt with debt to equity ratio (D/E) of 2.72, implying the company greatly relies on financing operations through barrowing. Cargojet has a current ratio of 0.65, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cargojet until it has trouble settling it off, either with new capital or with free cash flow. So, Cargojet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cargojet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cargojet to invest in growth at high rates of return. When we think about Cargojet's use of debt, we should always consider it together with cash and equity. |
- Analyzing Cargojet's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Cargojet's stock is overvalued or undervalued compared to its peers.
- Examining Cargojet's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Cargojet's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Cargojet's management team can help you assess the company's leadership.
- Pay attention to analyst opinions and ratings of Cargojet's stock. These opinions can provide insight into Cargojet's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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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