Canoe Eit Income Etf Performance
| EIT-UN Etf | CAD 16.86 0.16 0.96% |
The etf shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canoe EIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canoe EIT is expected to be smaller as well.
Risk-Adjusted Performance
Strong
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Canoe EIT Income are ranked lower than 26 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating basic indicators, Canoe EIT may actually be approaching a critical reversion point that can send shares even higher in March 2026. ...more
Canoe |
Canoe EIT Relative Risk vs. Return Landscape
If you would invest 1,517 in Canoe EIT Income on November 10, 2025 and sell it today you would earn a total of 169.00 from holding Canoe EIT Income or generate 11.14% return on investment over 90 days. Canoe EIT Income is generating 0.1691% of daily returns and assumes 0.5119% volatility on return distribution over the 90 days horizon. Simply put, 4% of etfs are less volatile than Canoe, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
200 Day MA 15.5504 | 50 Day MA 16.0418 | Beta 0.739 |
Canoe EIT Target Price Odds to finish over Current Price
The tendency of Canoe Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 16.86 | 90 days | 16.86 | about 1.64 |
Based on a normal probability distribution, the odds of Canoe EIT to move above the current price in 90 days from now is about 1.64 (This Canoe EIT Income probability density function shows the probability of Canoe Etf to fall within a particular range of prices over 90 days) .
Canoe EIT Price Density |
| Price |
Predictive Modules for Canoe EIT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canoe EIT Income. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canoe EIT's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canoe EIT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canoe EIT is not an exception. The market had few large corrections towards the Canoe EIT's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Canoe EIT Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canoe EIT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.52 | |
Ir | Information ratio | 0.17 |
Canoe EIT Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canoe EIT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canoe EIT Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, 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 Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT'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 Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Canoe EIT Fundamentals Growth
Canoe Etf prices reflect investors' perceptions of the future prospects and financial health of Canoe EIT, and Canoe EIT 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 Canoe Etf performance.
| Return On Equity | 0.17 | |||
| Return On Asset | 0.099 | |||
| Profit Margin | 0.87 % | |||
| Operating Margin | 0.93 % | |||
| Current Valuation | 3.02 B | |||
| Shares Outstanding | 177.79 M | |||
| Price To Earning | 6.16 X | |||
| Price To Book | 1.06 X | |||
| Price To Sales | 5.98 X | |||
| Revenue | 172.47 M | |||
| EBITDA | 1.73 M | |||
| Cash And Equivalents | 98.55 M | |||
| Cash Per Share | 0.82 X | |||
| Total Debt | 95.99 M | |||
| Debt To Equity | 0.30 % | |||
| Book Value Per Share | 13.94 X | |||
| Cash Flow From Operations | (112.77 M) | |||
| Earnings Per Share | 0.74 X | |||
| Total Asset | 2.66 B | |||
About Canoe EIT Performance
By analyzing Canoe EIT's fundamental ratios, stakeholders can gain valuable insights into Canoe EIT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Canoe EIT has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Canoe EIT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada. CANOE EIT is traded on Toronto Stock Exchange in Canada.| Canoe EIT Income has accumulated 95.99 M in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Canoe EIT Income has a current ratio of 0.94, 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 Canoe EIT until it has trouble settling it off, either with new capital or with free cash flow. So, Canoe EIT'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 Canoe EIT Income sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canoe to invest in growth at high rates of return. When we think about Canoe EIT's use of debt, we should always consider it together with cash and equity. | |
| Canoe EIT Income has accumulated about 98.55 M in cash with (112.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82. | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
Other Information on Investing in Canoe Etf
Canoe EIT financial ratios help investors to determine whether Canoe Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canoe with respect to the benefits of owning Canoe EIT security.