Oct 13 close Sign in

Industrials & materials

Exchange Income (EIF)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold49 / 100

Hold: 49 is between your Sell line (40) and Buy line (60). Trend (+5% vs 200-day) scores 60 and lifts it; Plays in (35%) scores 35 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightEIFPointsWeightAdds
Plays in35%354014.0
Off the high−13% from its 1-year high553016.5
Trend+5% vs 200-day603018.0
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for EIF
FactorEIFPointsWhat it is
Plays in35%35The share of the plays you count that hold it now.
Analysts' upside+30% · 11 analysts72How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating1.5 · strong buy77The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E32.0×37Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E21.9×26Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG––P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales1.8×74Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book3.6×40Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield2.5%60Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth+31%60Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+32%74Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin6%36Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity13%50Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity1.42×20Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−13% from its 1-year high55How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+5% vs 200-day60How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+58%81The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on EIF

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in35 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple1.05×Price ÷ its 200-day average (+5%). Higher than on 40% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about EIF now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved EIF lately

Its 2 biggest moves against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Fri Oct 2−5.6% against the S&P/TSX3.5× a normal day

EIF −4.6%, the S&P/TSX +1.0% that session; −3.8% against the S&P/TSX over five sessions.

Wed Sep 23+3.0% against the S&P/TSX2.0× a normal day

EIF +1.4%, the S&P/TSX −1.6% that session; +7.4% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on EIF was found for this session. Be The Puck's headline archive for EIF starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved −1.6%. The 52 other Industrials & materials stocks Be The Puck covers moved −0.7% on average, so most of the move was its own.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on EIF

All 100 plays, by family.

Calls right: how often the play's calls on EIF went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTOct 2, 2026 +0.9%Enter above C$119.17 (+2.0%)20% 139/708−3.7% / +21.3%−96.6% / −68.2%
Bull Market Support BandBenjamin Cowen · weeklyOUTSep 11, 2026 +0.2%Enter above C$124.67 (+6.7%)25% 24/97+13.7% / +21.1%−38.4% / −68.2%
Ripster EMA CloudRipster · dailyOUTOct 1, 2026 −3.8%Enter above C$120.88 (+3.5%)16% 70/446−0.4% / +21.3%−92.8% / −68.2%
Trend TemplateMark Minervini · dailyOUTOct 1, 2026 −3.8%Enter above C$122.32 (+4.7%)12% 26/216+2.1% / +20.8%−72.4% / −68.2%
Stage AnalysisStan Weinstein · weeklyOUTOct 2, 2026 +0.9%Enter above C$117.86 (+0.9%)23% 17/75+12.3% / +20.6%−49.9% / −68.2%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTOct 2, 2026 +0.9%Enter above C$117.86 (+0.9%)33% 27/81+12.4% / +20.8%−32.4% / −68.2%
10-Month SMAMeb Faber · month-endINMay 30, 2025 +111.1%Exit below C$113.76 (−2.6%)26% 10/38+10.2% / +20.8%−71.4% / −68.2%
200-Day RulePaul Tudor Jones · dailyINMay 1, 2025 +138.0%Exit below C$111.12 (−4.9%)11% 21/190+7.3% / +20.8%−71.9% / −68.2%
Golden CrossMarket tradition · dailyINJun 3, 2025 +114.0%Not on one close36% 10/28+10.4% / +20.8%−70.6% / −68.2%
Granville 200-DayJoseph E. Granville · dailyINMay 1, 2025 +138.0%Exit below C$111.12 (−4.9%)16% 19/120+11.3% / +20.8%−46.6% / −68.2%
Hull Moving AverageAlan Hull · weeklyOUTJul 24, 2026 −6.5%Enter above C$124.27 (+6.4%)28% 39/141+7.0% / +21.3%−58.5% / −68.2%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTOct 1, 2026 −3.8%Enter above C$121.26 (+3.8%)21% 172/838−1.1% / +21.3%−95.9% / −68.2%
TEMA CrossoverPatrick G. Mulloy · dailyINSep 24, 2026 −3.7%Exit below C$109.71 (−6.1%)32% 86/270+4.6% / +21.3%−68.3% / −68.2%
Seykota 15/150Ed Seykota · dailyINApr 24, 2025 +143.5%Not on one close18% 5/28+11.3% / +20.6%−71.6% / −68.2%
Guppy Multiple MAsDaryl Guppy · dailyOUTAug 26, 2026 −3.8%Enter above C$143.38 (+22.8%)20% 28/140+8.0% / +21.3%−64.1% / −68.2%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 1, 2026 +0.6%Enter above C$125.09 (+7.1%)25% 34/134+8.0% / +21.3%−61.3% / −68.2%
SupertrendOlivier Seban · dailyOUTOct 2, 2026 +0.9%Enter above C$125.31 (+7.3%)25% 50/200+3.4% / +21.3%−78.2% / −68.2%
Williams AlligatorBill Williams · dailyOUTOct 8, 2026 +0.1%Not on one close41% 138/340+8.2% / +21.3%−43.6% / −68.2%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTOct 9, 2026 +0.4%Enter above C$123.36 (+5.6%)32% 198/622+5.3% / +21.3%−69.2% / −68.2%
AroonTushar S. Chande · dailyINOct 1, 2026 −3.8%Exit below C$113.13 (−3.1%)40% 92/232+10.4% / +21.3%−37.8% / −68.2%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTOct 2, 2026 +0.9%Enter above C$124.07 (+6.2%)36% 159/443+10.5% / +21.3%−74.4% / −68.2%
ADX TrendJ. Welles Wilder Jr. · dailyOUTJul 23, 2026 −7.0%Enter above C$226.58 (+94.0%)32% 54/170+5.1% / +21.3%−47.2% / −68.2%
MACD Zero LineGerald Appel · dailyOUTOct 2, 2026 +0.9%Enter above C$132.30 (+13.3%)22% 44/204+5.4% / +21.3%−70.1% / −68.2%
Zweig 4% ModelMartin Zweig · weeklyOUTOct 2, 2026 +0.9%Enter above C$120.41 (+3.1%)31% 58/185+11.5% / +21.3%−61.3% / −68.2%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTOct 2, 2026 +0.9%Enter above C$185.74 (+59.0%)26% 67/254+7.7% / +21.3%−64.9% / −68.2%
Schaff Trend CycleDoug Schaff · dailyINSep 23, 2026 −3.5%Exit below C$114.80 (−1.7%)36% 79/219+6.3% / +21.3%−56.5% / −68.2%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTOct 2, 2026 +0.9%Enter above C$132.08 (+13.1%)21% 35/164+6.0% / +21.3%−73.1% / −68.2%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTSep 1, 2026 +0.6%Enter above C$149.71 (+28.2%)28% 29/102+12.3% / +21.3%−45.2% / −68.2%
Elder Triple ScreenAlexander Elder · dailyOUTJun 26, 2026 −10.0%Not on one close31% 64/206+3.3% / +20.7%−45.9% / −68.2%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTJul 13, 2026 −8.6%Not on one close40% 25/62+3.9% / +21.3%−13.9% / −68.2%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyINSep 25, 2026 −5.5%Exit below C$113.13 (−3.1%)32% 39/122+6.3% / +21.3%−59.3% / −68.2%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTJul 14, 2026 −6.9%Enter above C$125.48 (+7.4%)28% 47/168+4.4% / +21.3%−66.9% / −68.2%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTJul 14, 2026 −6.9%Enter above C$136.21 (+16.6%)21% 25/118+4.0% / +21.3%−69.2% / −68.2%
Clenow TrendAndreas F. Clenow · dailyOUTAug 25, 2026 −4.7%Enter above C$134.90 (+15.5%)20% 24/122+3.9% / +21.3%−72.8% / −68.2%
Darvas BoxNicolas Darvas · dailyINSep 29, 2026 −6.8%Exit below C$114.80 (−1.7%)30% 38/127+7.7% / +21.3%−51.0% / −68.2%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTAug 19, 2026 −9.3%Enter above C$127.38 (+9.1%)27% 53/196+0.5% / +21.3%−77.5% / −68.2%
Bollinger BreakoutJohn Bollinger · dailyOUTOct 2, 2026 +0.9%Enter above C$126.24 (+8.1%)28% 65/230+3.0% / +21.3%−67.5% / −68.2%
Chandelier ExitChuck LeBeau · dailyOUTOct 2, 2026 +0.9%Enter above C$125.30 (+7.3%)32% 65/204+7.4% / +21.3%−70.2% / −68.2%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTOct 2, 2026 +0.9%Enter above C$124.74 (+6.8%)27% 62/230+8.0% / +21.3%−80.4% / −68.2%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTAug 31, 2026 −2.3%Enter above C$127.95 (+9.6%)35% 26/75+12.6% / +21.3%−42.0% / −68.2%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTOct 1, 2026 −3.8%Enter above C$120.97 (+3.6%)19% 87/450+0.2% / +21.3%−91.5% / −68.2%
Acceleration BandsPrice Headley · dailyOUTJun 22, 2026 −11.0%Not on one close20% 50/254−4.1% / +21.3%−75.9% / −68.2%
TTM SqueezeJohn F. Carter · dailyOUTAug 24, 2026 −6.9%Not on one close32% 43/136+4.1% / +21.3%−31.5% / −68.2%
NR7 BreakoutToby Crabel · dailyOUTOct 2, 2026 +0.9%Enter above C$119.58 (+2.4%)29% 183/624+8.1% / +21.0%−67.8% / −68.2%
Bollinger SqueezeJohn Bollinger · dailyOUTAug 21, 2026 −8.2%Not on one close18% 7/40+2.1% / +21.3%−16.1% / −68.2%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINAug 30, 2024 +155.3%Exit below C$77.78 (−33.4%)38% 10/26+11.4% / +20.5%−68.2% / −68.2%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINAug 30, 2024 +155.3%Not on one close45% 10/22+16.2% / +20.5%−68.2% / −68.2%
Dual MomentumGary Antonacci · month-endINApr 30, 2025 +140.9%Exit below C$86.48 (−26.0%)35% 12/34+11.3% / +20.5%−68.2% / −68.2%
Stocks on the MoveAndreas F. Clenow · dailyOUTSep 9, 2026 −2.8%Not on one close23% 35/150+11.5% / +21.3%−32.7% / −68.2%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endINJul 31, 2024 +160.7%Exit below C$114.66 (−1.8%)29% 6/21+8.2% / +20.5%−68.2% / −68.2%
Levy Relative StrengthRobert A. Levy · weeklyOUTAug 28, 2026 −3.6%Enter above C$124.37 (+6.5%)27% 34/125+9.7% / +21.3%−36.7% / −68.2%
MACD Signal CrossGerald Appel · dailyOUTOct 7, 2026 −0.2%Enter above C$120.79 (+3.4%)30% 138/461+6.2% / +21.3%−82.6% / −68.2%
Elder ImpulseAlexander Elder · dailyOUTOct 1, 2026 −3.8%Enter above C$118.48 (+1.4%)24% 193/820−4.5% / +21.3%−97.8% / −68.2%
Know Sure ThingMartin J. Pring · dailyINSep 23, 2026 −3.5%Exit below C$121.65 (+4.2%)33% 110/334+5.3% / +21.3%−67.4% / −68.2%
Coppock CurveEdwin S. C. Coppock · month-endINJul 31, 2024 +160.7%Not on one close20% 3/15+14.6% / +20.6%−68.2% / −68.2%
CCI +100Donald R. Lambert · dailyOUTOct 1, 2026 −3.8%Enter above C$126.37 (+8.2%)28% 174/620+4.2% / +21.3%−73.2% / −68.2%
TRIX Signal CrossJack K. Hutson · dailyINSep 24, 2026 −3.7%Exit below C$109.90 (−5.9%)37% 103/275+6.2% / +21.3%−53.8% / −68.2%
TSI Zero LineWilliam Blau · dailyOUTOct 2, 2026 +0.9%Enter above C$132.71 (+13.6%)22% 43/200+5.3% / +21.3%−70.6% / −68.2%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endINMay 30, 2025 +111.1%Exit below C$117.22 (+0.4%)33% 27/82+13.0% / +20.5%−39.5% / −68.2%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINAug 30, 2024 +155.3%Not on one close44% 8/18+11.7% / +20.3%−68.2% / −68.2%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINOct 31, 2024 +128.4%Not on one close42% 11/26+12.7% / +20.5%−68.2% / −68.2%
PMO Signal CrossCarl Swenlin · dailyOUTOct 8, 2026 +0.1%Enter above C$120.04 (+2.8%)28% 97/351+3.6% / +21.3%−75.6% / −68.2%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTMay 22, 2025 +114.5%Not on one close67% 28/42+9.3% / +21.3%−64.4% / −68.2%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyINOct 2, 2026 +0.9%Sell above C$116.72 (−0.1%)60% 198/328+3.7% / +20.8%−27.7% / −68.2%
Double 7sLarry Connors & Cesar Alvarez · dailyINOct 2, 2026 +0.9%Sell above C$118.73 (+1.7%)67% 309/462+7.8% / +20.8%−67.4% / −68.2%
Bollinger ReversionJohn Bollinger · dailyOUTSep 22, 2026 −2.1%Buy below C$112.28 (−3.9%)71% 120/168+8.9% / +21.3%−65.7% / −68.2%
Stochastic 20/80George C. Lane · dailyOUTSep 30, 2026 −6.0%Not on one close61% 86/141+9.2% / +21.3%−65.4% / −68.2%
Williams %RLarry Williams · dailyOUTOct 1, 2026 −3.8%Enter above C$116.94 (+0.1%)55% 166/304+7.6% / +21.3%−66.4% / −68.2%
DeMark 9-CountTom DeMark · dailyOUTSep 30, 2026 −6.0%Not on one close70% 47/67+13.3% / +21.3%−45.2% / −68.2%
Mayer MultipleTrace Mayer · dailyINFeb 23, 2005 +5,737.2%Sell above C$268.59 (+130.0%)–+20.8% / +20.8%−68.2% / −68.2%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTOct 7, 2019 +325.0%Not on one close46% 11/24+2.9% / +21.3%−8.1% / −68.2%
Laguerre RSIJohn F. Ehlers · dailyOUTOct 2, 2026 +0.9%Enter above C$119.00 (+1.9%)42% 132/317+5.8% / +21.3%−61.5% / −68.2%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINOct 5, 2026 −1.0%Not on one close49% 220/449+3.5% / +21.3%−67.1% / −68.2%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 9, 2026 +0.4%Buy below C$116.79 (0.0%)56% 976/1750+12.6% / +21.3%−72.0% / −68.2%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTSep 24, 2026 −3.7%Not on one close63% 54/86+3.1% / +20.8%−65.7% / −68.2%
Fisher TransformJohn F. Ehlers · dailyOUTOct 1, 2026 −3.8%Enter above C$119.86 (+2.6%)33% 357/1088+1.5% / +21.3%−93.6% / −68.2%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endOUTSep 30, 2026 −6.0%Buy below C$126.74 (+8.5%)63% 91/144+20.1% / +21.3%−35.2% / −68.2%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 13, 2026 0.0%Exit below C$116.79 (0.0%)27% 168/622+7.0% / +21.3%−58.5% / −68.2%
Chaikin Money FlowMarc Chaikin · dailyINSep 24, 2026 −3.7%Not on one close37% 82/222+4.5% / +21.3%−59.5% / −68.2%
Money Flow IndexGene Quong & Avrum Soudack · dailyINSep 8, 2026 −3.4%Not on one close49% 33/68+8.1% / +21.3%−65.4% / −68.2%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINSep 21, 2026 −0.6%Exit below C$115.70 (−0.9%)40% 23/57+17.8% / +20.4%−53.6% / −68.2%
Force IndexAlexander Elder · dailyOUTOct 2, 2026 +0.9%Enter above C$118.71 (+1.6%)26% 144/563+4.9% / +21.3%−80.1% / −68.2%
Buff AveragesBuff Dormeier · dailyOUTOct 6, 2026 −1.6%Enter above C$135.45 (+16.0%)33% 139/423+10.6% / +21.3%−71.0% / −68.2%
Chaikin OscillatorMarc Chaikin · dailyOUTOct 8, 2026 +0.1%Not on one close36% 192/533+6.4% / +21.3%−66.8% / −68.2%
Volume Flow IndicatorMarkos Katsanos · dailyINMay 9, 2025 +124.4%Not on one close29% 31/108+7.8% / +20.7%−61.9% / −68.2%
Klinger OscillatorStephen J. Klinger · dailyINSep 16, 2026 +0.7%Sell C$114.41–C$117.46 (+0.6%)35% 291/834+9.4% / +21.3%−44.0% / −68.2%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINJul 30, 2026 −7.5%Not on one close51% 63/123+5.3% / +21.3%−32.3% / −68.2%
HikkakeDaniel L. Chesler · dailyOUTApr 29, 2026 +18.4%Not on one close35% 25/72+6.8% / +21.3%−33.2% / −68.2%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTAug 31, 2026 −2.3%Not on one close45% 18/40+2.2% / +21.3%−9.2% / −68.2%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +17.8%Buys Oct 3047% 20/43+12.3% / +21.3%−68.2% / −68.2%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 16, 2026 +15.0%Enter above C$121.15 (+3.7%)51% 22/43+12.5% / +21.3%−68.2% / −68.2%
Seasonal TimingSy Harding · dailyOUTApr 20, 2026 +13.4%Window opens Oct 1653% 23/43+11.8% / +21.3%−68.2% / −68.2%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +41.1%Buys Dec 2350% 22/44+3.2% / +21.3%−7.1% / −68.2%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −1.0%Buys Oct 2943% 228/526−1.7% / +21.3%−70.0% / −68.2%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 −6.0%Sells Jun 3045% 5/11+5.9% / +21.3%−28.9% / −68.2%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −2.9%Buys Nov 2442% 162/386+2.2% / +21.3%−18.7% / −68.2%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +161.9%Not on one close40% 8/20+8.9% / +21.3%−56.7% / −68.2%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1649% 1110/2284+14.2% / +21.3%−61.7% / −68.2%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +0.7%Buys Oct 2745% 157/348+2.1% / +21.3%−20.3% / −68.2%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +0.9%Sells Oct 1647% 252/541+5.2% / +21.3%−57.9% / −68.2%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 4, 2005Always in–+21.3%−68.2%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt1/3
  • Run-up1/2
  • It operating profit covers interest only 2.7×.
  • It is up 133% in two years, a run-up size that crashed about half the time in history.

Past crashes, peak to low

Financial crisis Oct 2007 to Oct 2008 · back to its old high Apr 2009

EIF−29%
TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Apr 2021

EIF−68%
TSX−37%

2022 bear market Jan 2022 to Mar 2022 · back to its old high Mar 2022

EIF−9%
TSX−14%
  • Beta1.09Moves about 1.1× as much as the TSX week to week.
  • Downside capture41%In months the TSX fell, this fell 41% as much on average (it often rose anyway).
  • Two-year change+133%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
  • From 52-week high−13%
  • Debt to equity1.48×
  • Net debt / EBITDA3.2×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover2.7×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Airlines · Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation, and manufacturing markets worldwide. The company operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers fixed wing and rotary wing; and medevac, passenger, charter, freight services, and auxiliary services; and operates flight schools.

Size and valuation
Market capC$6.6BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$3.7BTotal sales. The market values it at 1.8× sales.
P/E ratio32.0×Buyers pay C$32 for each C$1 of the last year's profit.
Forward P/E21.9×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book3.6×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin5.5%Keeps 6¢ of each dollar of sales as profit.
Revenue growth+32.3%Last quarter's sales against the same quarter a year earlier.
Earnings growth+31.2%Same comparison for profit.
Return on equity12.5%Yearly profit as a share of shareholders' money in the business.
Free cash flow−C$188MBurning cash: needs savings or new money to keep going.
Balance sheet
Total equityC$1.8BWhat it owns minus what it owes.
Total debtC$2.6BLoans and bonds it has to pay back, with interest.
CashC$82.0MCash and short-term investments on hand.
Debt to equity1.48×Moderate.
Interest cover2.7×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.
Wall Street
Average analyst targetC$152.0030% above the close, from 11 analysts (range C$145.00 to C$165.00).
Consensus ratingStrong buyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield2.47%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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