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.
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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 Relative Risk vs. Return LandscapeIf 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. Assuming the 90 days trading horizon Cargojet is expected to under-perform the market. In addition to that, the company is 2.92 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.1 per unit of volatility.
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.
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.
About Cargojet Performance
Things to note about Cargojet performance evaluationChecking 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. Evaluating Cargojet's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Cargojet's stock performance include:
- 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.