Canadian Competitors

Summary

Canadian National Railway competes with Charter Communications, DELTA AIR, RYANAIR HLDGS, Hemisphere Energy, and Entravision Communications; as well as few others. Analyzing Canadian National competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Canadian National to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Canadian National competition on your existing holdings.

Specify up to 10 symbols:

Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian National'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.

Canadian National Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Canadian National and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Canadian and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Canadian National Railway does not affect the price movement of the other competitor.

	CQD	OYC	ZNHH	RY4D	N4Q1	EV9	FA2
CQD		0.89	0.54	0.59	-0.22	0.78	-0.12	CQD
OYC	0.89		0.66	0.73	-0.34	0.9	-0.16	OYC
ZNHH	0.54	0.66		0.61	0.07	0.72	-0.56	ZNHH
RY4D	0.59	0.73	0.61		-0.36	0.75	-0.2	RY4D
N4Q1	-0.22	-0.34	0.07	-0.36		-0.31	-0.15	N4Q1
EV9	0.78	0.9	0.72	0.75	-0.31		-0.22	EV9
FA2	-0.12	-0.16	-0.56	-0.2	-0.15	-0.22		FA2
	CQD	OYC	ZNHH	RY4D	N4Q1	EV9	FA2

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

High positive correlations

EV9	+ 0.9	OYC
OYC	+ 0.89	CQD
EV9	+ 0.78	CQD
EV9	+ 0.75	RY4D
RY4D	+ 0.73	OYC
EV9	+ 0.72	ZNHH

High negative correlations

FA2	- 0.56	ZNHH
N4Q1	- 0.36	RY4D
N4Q1	- 0.34	OYC
EV9	- 0.31	N4Q1
FA2	- 0.22	EV9
N4Q1	- 0.22	CQD

Risk-Adjusted Indicators

There is a big difference between Canadian Stock performing well and Canadian National Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Canadian National's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CQD	1.98	0.21	0.08	(1.03)	2.23	(2.39)	5.13	(3.13)	23.54
OYC	1.76	0.47	0.26	1.17	1.35	(1.99)	4.49	(2.65)	11.81
ZNHH	2.64	0.33	0.07	(0.38)	3.12	(3.96)	5.41	(3.85)	34.83
RY4D	1.10	0.08	0.04	(3.37)	1.25	(1.35)	2.05	(2.38)	5.83
N4Q1	0.73	(0.01)	(0.01)	(0.01)	0.92	(1.52)	1.68	(2.40)	7.50
EV9	2.69	0.38	0.10	(0.32)	2.87	(3.65)	6.31	(5.33)	18.36
FA2	2.97	0.07	0.01	(0.11)	3.17	(3.99)	7.56	(5.29)	32.70

Unable to evaluate fundamental data of Canadian National Railway at this time. Please try again later

All Fundamental Data

Canadian National Competitive Analysis

The better you understand Canadian National competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Canadian National's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Canadian National's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	CQD	OYC	ZNHH	RY4D	N4Q1	EV9	FA2
	0.19 336.60 Charter	0.42 59.46 DELTA	2.17 0.47 CHINA	1.42 41.60 RYANAIR	0.82 1.21 Hemisphere	9.09 2.20 Entravision	0.65 30.80 FORWARD
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Abnormally volatile	Very steady	Relatively risky	Very risky	Not too volatile
Market Performance (90 Days Performance)	Modest	Good	Good	Insignificant	Very Weak	OK	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Unknown	Low	Low	Low	About Average
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Sell	Strong Sell	Cautious Hold	Strong Sell	Strong Sell
Current Ratio	N/A	N/A		1.08 X	N/A	4.35 X	N/A
Net Asset	144.52 B	72.29 B		N/A	67.12 M	851.34 M	N/A
Profit Margin	N/A	N/A		0.14 %	N/A	0.03 %	N/A
EBITDA	20.92 B	5.05 B		2.3 B	12.15 M	83.35 M	N/A
Current Valuation	159.48 B	41.81 B		N/A	95.33 M	512.8 M	N/A
Price To Book	6.53 X	4.68 X		N/A	1.84 X	1.68 X	N/A
Operating Margin	N/A	N/A		0.15 %	N/A	0.06 %	N/A
Five Year Return	N/A	N/A		N/A	N/A	4.16 %	N/A
Beta	N/A	N/A		1.44	N/A	1.22	N/A
Number Of Employees	N/A	N/A		21 K	N/A	1.09 K	N/A
Shares Outstanding	N/A	N/A		227.74 M	N/A	61.47 M	N/A
Cash Flow From Operations	14.93 B	6.36 B		2.04 B	18.37 M	65.25 M	N/A
Annual Yield	N/A	0.06 %		N/A	N/A	0.03 %	N/A
Total Debt	96.09 B	20.67 B		4.54 B	15.5 M	207.42 M	N/A
Return On Equity	N/A	N/A		0.24	N/A	0.0877	N/A
Z Score	0.6	0.6		2.4	1.8	1.2	N/A
Return On Asset	N/A	N/A		0.0646	N/A	0.042	N/A
Book Value Per Share	N/A	N/A		27.63 X	N/A	3.13 X	N/A
Total Asset	144.52 B	72.29 B		N/A	67.12 M	851.34 M	N/A
Debt To Equity	N/A	N/A		85.80 %	N/A	90.60 %	N/A
Target Price	N/A	N/A		133.6	N/A	10.5	N/A
Last Dividend Paid	N/A	N/A		N/A	N/A	0.095	N/A
Shares Owned By Institutions	N/A	N/A		44.08 %	N/A	79.40 %	N/A
Market Capitalization	96.98 B	21.64 B		19.59 B	58.71 M	522.5 M	N/A
Price To Earnings To Growth	0.30 X	0.08 X		N/A	N/A	N/A	N/A
Price To Earning	N/A	N/A		14.55 X	N/A	17.09 X	N/A
Price To Sales	1.34 X	0.46 X		N/A	1.31 X	0.48 X	N/A
Net Income	5.05 B	1.32 B		818.7 M	5.92 M	29.29 M	N/A
Earnings Per Share	N/A	N/A		6.15 X	N/A	0.25 X	N/A
Shares Owned By Insiders	N/A	N/A		N/A	N/A	28.24 %	N/A
Revenue	54.02 B	50.58 B		10.1 B	43.14 M	760.19 M	N/A
Cash And Equivalents	N/A	N/A		4.08 B	N/A	174.57 M	N/A
Cash Per Share	N/A	N/A		18.14 X	N/A	2.04 X	N/A
Gross Profit	N/A	N/A		791.1 M	N/A	183.33 M	N/A
Day Typical Price	336.68	59.46	0.47	41.53	1.22	2.2	30.87
Accumulation Distribution	0.0148	N/A	N/A	0.0048	0.0163	N/A	0.0065
Market Facilitation Index	0.0125	N/A	N/A	0.2	0.02	N/A	0.2
Daily Balance Of Power	2.6	9.2 T	9.2 T	(3.00)	(0.50)	(9,223,372,036,855)	1.0
Period Momentum Indicator	0.65	0.25	0.01	(0.60)	(0.01)	(0.22)	0.2
Rate Of Daily Change	1.0	1.0	1.02	0.99	0.99	0.91	1.01
Day Median Price	336.73	59.46	0.47	41.5	1.22	2.2	30.9
Price Action Indicator	0.2	0.13	0.005	(0.20)	(0.01)	(0.11)	N/A
Relative Strength Index	49.35	49.85	55.29	43.92	51.39	50.56	47.28
Coefficient Of Variation	1445.49	477.72	1224.29	1506.49	16709.82	969.61	6454.62
Mean Deviation	1.98	1.76	2.64	1.1	0.731	2.69	2.97
Jensen Alpha	0.21	0.4657	0.3347	0.0822	(0.01)	0.376	0.0729
Total Risk Alpha	0.1377	0.4221	0.2312	0.0514	(0.03)	0.2783	(0.04)
Sortino Ratio	0.0796	0.2595	0.0698	0.0407	(0.01)	0.099	0.0132
Downside Variance	5.63	3.08	18.77	2.5	2.45	11.72	11.87
Standard Deviation	3.13	2.31	4.04	1.38	1.22	3.55	4.72
Kurtosis	8.3	1.8	9.31	(0.47)	4.32	0.6067	13.22
Potential Upside	5.13	4.49	5.41	2.05	1.68	6.31	7.56
Treynor Ratio	(1.03)	1.17	(0.38)	(3.37)	(0.01)	(0.32)	(0.11)
Maximum Drawdown	23.54	11.81	34.83	5.83	7.5	18.36	32.7
Variance	9.8	5.32	16.31	1.91	1.49	12.62	22.24
Market Risk Adjusted Performance	(1.02)	1.18	(0.37)	(3.36)	0.0015	(0.31)	(0.10)
Risk Adjusted Performance	0.0626	0.1733	0.0731	0.0571	0.0082	0.0899	0.0207
Skewness	1.74	1.02	0.6142	(0.23)	0.7778	0.1185	2.58
Semi Deviation	2.23	1.35	3.12	1.25	0.9188	2.87	3.17
Information Ratio	0.0604	0.1974	0.0749	0.0465	(0.02)	0.0954	0.0097
Value At Risk	(3.13)	(2.65)	(3.85)	(2.38)	(2.40)	(5.33)	(5.29)
Expected Short fall	(2.39)	(1.99)	(3.96)	(1.35)	(1.52)	(3.65)	(3.99)
Downside Deviation	2.37	1.75	4.33	1.58	1.57	3.42	3.45
Semi Variance	4.96	1.82	9.73	1.57	0.8441	8.26	10.02

Canadian National Competition Performance Charts

Five steps to successful analysis of Canadian National Competition

Canadian National's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Canadian National Railway in relation to its competition. Canadian National's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Canadian National in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Canadian National's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Canadian National Railway, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Canadian National position

In addition to having Canadian National in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Healthcare Thematic Idea Now

Healthcare

Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Theme or any other thematic opportunities.

View All Next

Launch

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Consideration for investing in Canadian Stock

If you are still planning to invest in Canadian National Railway check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canadian National's history and understand the potential risks before investing.

	CEOs Directory Screen CEOs from public companies around the world
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
	Bonds Directory Find actively traded corporate debentures issued by US companies

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC