Canadian National (Germany) Probability of Future Stock Price Finishing Under 103.7
| CY2 Stock | EUR 97.22 0.02 0.02% |
Canadian |
Canadian National Target Price Odds to finish below 103.7
The tendency of Canadian Stock 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 stay under € 103.70 after 90 days |
| 97.22 | 90 days | 103.70 | about 70.07 |
Based on a normal probability distribution, the odds of Canadian National to stay under € 103.70 after 90 days from now is about 70.07 (This Canadian National Railway probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) . Probability of Canadian National Railway price to stay between its current price of € 97.22 and € 103.70 at the end of the 90-day period is about 69.19 .
Assuming the 90 days horizon Canadian National has a beta of 0.32 suggesting as returns on the market go up, Canadian National average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian National Railway will be expected to be much smaller as well. Additionally Canadian National Railway has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Canadian National Price Density |
| Price |
Predictive Modules for Canadian National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian National Railway. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Canadian National Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian National is not an exception. The market had few large corrections towards the Canadian National'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 Canadian National Railway, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian National within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.32 | |
σ | Overall volatility | 2.34 | |
Ir | Information ratio | -0.09 |
Canadian National 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 Canadian National for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian National Railway can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian National generated a negative expected return over the last 90 days | |
| Canadian National has accumulated €14.37 Billion in debt which can lead to volatile earnings | |
| Canadian National Railway has accumulated 14.37 B in total debt with debt to equity ratio (D/E) of 79.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Canadian National Railway has a current ratio of 0.74, 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 Canadian National until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian National'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 Canadian National Railway sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian National's use of debt, we should always consider it together with cash and equity. | |
| About 74.0% of Canadian National shares are held by institutions such as insurance companies |
Canadian National Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Canadian Stock often depends not only on the future outlook of the current and potential Canadian National's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canadian National's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 671 M |
Canadian National Technical Analysis
Canadian National's future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian National Railway. In general, you should focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian National Predictive Forecast Models
Canadian National's time-series forecasting models is one of many Canadian National's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Canadian National's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Canadian National Railway
Checking the ongoing alerts about Canadian National for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian National Railway help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian National generated a negative expected return over the last 90 days | |
| Canadian National has accumulated €14.37 Billion in debt which can lead to volatile earnings | |
| Canadian National Railway has accumulated 14.37 B in total debt with debt to equity ratio (D/E) of 79.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Canadian National Railway has a current ratio of 0.74, 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 Canadian National until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian National'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 Canadian National Railway sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian National's use of debt, we should always consider it together with cash and equity. | |
| About 74.0% of Canadian National shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in Canadian Stock
When determining whether Canadian National Railway offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canadian National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canadian National Railway Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canadian National Railway Stock:Check out Canadian National Backtesting, Canadian National Valuation, Canadian National Correlation, Canadian National Hype Analysis, Canadian National Volatility, Canadian National History as well as Canadian National Performance. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.