Canadian Natural Resources Stock Market Value

CNQ Stock  CAD 42.21  0.82  1.98%   
Canadian Natural's market value is the price at which a share of Canadian Natural trades on a public exchange. It measures the collective expectations of Canadian Natural Resources investors about its performance. Canadian Natural is selling at 42.21 as of the 16th of March 2025; that is 1.98 percent increase since the beginning of the trading day. The stock's open price was 41.39.
With this module, you can estimate the performance of a buy and hold strategy of Canadian Natural Resources and determine expected loss or profit from investing in Canadian Natural over a given investment horizon. Check out Canadian Natural Correlation, Canadian Natural Volatility and Canadian Natural Alpha and Beta module to complement your research on Canadian Natural.
Symbol

Canadian Natural Res Price To Book Ratio

Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Canadian Natural 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canadian Natural's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canadian Natural.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Canadian Natural on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Natural Resources or generate 0.0% return on investment in Canadian Natural over 90 days. Canadian Natural is related to or competes with Suncor Energy, Cenovus Energy, TC Energy, Enbridge, and Pembina Pipeline. Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas... More

Canadian Natural Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canadian Natural's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canadian Natural Resources upside and downside potential and time the market with a certain degree of confidence.

Canadian Natural Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Natural's standard deviation. In reality, there are many statistical measures that can use Canadian Natural historical prices to predict the future Canadian Natural's volatility.
Hype
Prediction
LowEstimatedHigh
40.5842.1843.78
Details
Intrinsic
Valuation
LowRealHigh
41.0042.6044.20
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.971.051.15
Details

Canadian Natural Res Backtested Returns

Canadian Natural Res secures Sharpe Ratio (or Efficiency) of -0.0332, which signifies that the company had a -0.0332 % return per unit of risk over the last 3 months. Canadian Natural Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Natural's Mean Deviation of 1.24, standard deviation of 1.59, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Canadian Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Natural is expected to be smaller as well. At this point, Canadian Natural Res has a negative expected return of -0.0527%. Please make sure to confirm Canadian Natural's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Canadian Natural Res performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.47  

Modest reverse predictability

Canadian Natural Resources has modest reverse predictability. Overlapping area represents the amount of predictability between Canadian Natural time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canadian Natural Res price movement. The serial correlation of -0.47 indicates that about 47.0% of current Canadian Natural price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test0.04
Residual Average0.0
Price Variance2.79

Canadian Natural Res lagged returns against current returns

Autocorrelation, which is Canadian Natural stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Canadian Natural's stock expected returns. We can calculate the autocorrelation of Canadian Natural returns to help us make a trade decision. For example, suppose you find that Canadian Natural has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Canadian Natural regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Canadian Natural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Natural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Natural stock over time.
   Current vs Lagged Prices   
       Timeline  

Canadian Natural Lagged Returns

When evaluating Canadian Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Natural stock have on its future price. Canadian Natural autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Canadian Natural autocorrelation shows the relationship between Canadian Natural stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Natural Resources.
   Regressed Prices   
       Timeline  

Pair Trading with Canadian Natural

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Natural will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

  0.65ENS E Split CorpPairCorr

Moving against Canadian Stock

  0.65ENB-PFV Enbridge Pref 5PairCorr
  0.57ENB-PFU Enbridge Pref LPairCorr
  0.54NKE NIKE Inc CDR Earnings Call This WeekPairCorr
  0.39INTC INTEL CDRPairCorr
The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Natural Resources to buy it.
The correlation of Canadian Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock:
Check out Canadian Natural Correlation, Canadian Natural Volatility and Canadian Natural Alpha and Beta module to complement your research on Canadian Natural.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Canadian Natural technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian Natural technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Natural trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...