canada stocks

Growth of $1 invested in Low CCC vs High CCC Canadian stocks from 2000 to 2025, compared to TSX Composite.

cash conversion cycle

Cash Conversion Cycle on Canadian Stocks: +3.4% Spread, +3.7% vs TSX Composite

CCC produced the best spread of any developed market on the TSX. Low-CCC companies returned 7.1% CAGR vs 3.9% for high CCC, a +3.2% spread. Best Sharpe (0.210) and lowest drawdown (-36.5%) of any CCC portfolio tested. The resource-heavy TSX creates real working capital differentiation.

Growth of $10,000 in Deleveraging strategy vs S&P 500 (2000-2025) - Canada (TSX)

canada stocks

Canada's Best Deleveraging Result Is a Risk Story, Not a Return Story

D/E reduction + ROE > 8% screen on TSX stocks from 2000-2025. CAGR 11.28% vs TSX Composite 5.08%. Down capture 54.5%, +6.20% excess. Max drawdown -39.8% - lower than TSX. Best Sharpe globally across 16 exchanges. Strong alpha with lower drawdown. Full data, SQL screen included.