CN Financial Statements From 2010 to 2025
| CN Etf | USD 28.07 0.47 1.70% |
Check CN financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CN's main balance sheet or income statement drivers, such as , as well as many indicators such as . CN financial statements analysis is a perfect complement when working with CN Valuation or Volatility modules.
CN |
CN ETF Beta Analysis
CN's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current CN Beta | 0.87 |
Most of CN's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, CN has a Beta of 0.87. This is much higher than that of the Xtrackers family and significantly higher than that of the China Region category. The beta for all United States etfs is notably lower than that of the firm.
CN Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CN's current stock value. Our valuation model uses many indicators to compare CN value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CN competition to find correlations between indicators driving CN's intrinsic value. More Info.CN is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for CN is roughly 9.00 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CN's earnings, one of the primary drivers of an investment's value.About CN Financial Statements
CN investors utilize fundamental indicators, such as revenue or net income, to predict how CN Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund will normally invest at least 80 percent of its total assets in securities of issuers that comprise either directly or indirectly the underlying index or securities with economic characteristics similar to those included in the underlying index. Xt MSCI is traded on NYSEARCA Exchange in the United States.
Pair Trading with CN
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 CN 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 CN will appreciate offsetting losses from the drop in the long position's value.Moving against CN Etf
| 0.69 | VCAR | Simplify Volt RoboCar Symbol Change | PairCorr |
| 0.64 | BTCO | Invesco Galaxy Bitcoin | PairCorr |
| 0.6 | BITX | Volatility Shares Trust | PairCorr |
| 0.59 | TSLR | GraniteShares 175x Long | PairCorr |
| 0.58 | TSLL | Direxion Shares ETF | PairCorr |
The ability to find closely correlated positions to CN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CN 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 CN - 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 CN to buy it.
The correlation of CN 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 CN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CN 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 CN 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
The market value of CN is measured differently than its book value, which is the value of CN that is recorded on the company's balance sheet. Investors also form their own opinion of CN's value that differs from its market value or its book value, called intrinsic value, which is CN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CN's market value can be influenced by many factors that don't directly affect CN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CN's value and its price as these two are different measures arrived at by different means. Investors typically determine if CN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CN'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.