Canadian Free Cash Flow from 2010 to 2024
| CNQ Stock | USD 34.84 0.29 0.84% |
Free Cash Flow | First Reported 1994-03-31 | Previous Quarter 2.5 B | Current Value 1.7 B | Quarterly Volatility 1.1 B |
Check Canadian Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Natural's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.4 B, Interest Expense of 725.5 M or Selling General Administrative of 395.6 M, as well as many indicators such as Price To Sales Ratio of 3.97, Dividend Yield of 0.0431 or PTB Ratio of 2.98. Canadian financial statements analysis is a perfect complement when working with Canadian Natural Valuation or Volatility modules.
Canadian | Free Cash Flow |
Latest Canadian Natural's Free Cash Flow Growth Pattern
Below is the plot of the Free Cash Flow of Canadian Natural Resources over the last few years. It is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Canadian Natural's Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Natural's overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow | 10 Years Trend |
|
Free Cash Flow |
| Timeline |
Canadian Free Cash Flow Regression Statistics
| Arithmetic Mean | 3,627,453,333 | |
| Coefficient Of Variation | 128.11 | |
| Mean Deviation | 3,867,930,667 | |
| Median | 2,159,000,000 | |
| Standard Deviation | 4,647,255,935 | |
| Sample Variance | 21596987.7T | |
| Range | 16B | |
| R-Value | 0.82 | |
| Mean Square Error | 7690321.5T | |
| R-Squared | 0.67 | |
| Significance | 0.0002 | |
| Slope | 850,175,714 | |
| Total Sum of Squares | 302357828.1T |
Canadian Free Cash Flow History
Other Fundumenentals of Canadian Natural Res
Canadian Natural Free Cash Flow component correlations
About Canadian Natural Financial Statements
Canadian Natural shareholders use historical fundamental indicators, such as Free Cash Flow, to determine how well the company is positioned to perform in the future. Although Canadian Natural investors may analyze each financial statement separately, they are all interrelated. The changes in Canadian Natural's assets and liabilities, for example, are also reflected in the revenues and expenses on on Canadian Natural's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow | 7.4 B | 7.8 B | |
| Free Cash Flow Yield | 0.08 | 0.08 | |
| Free Cash Flow Per Share | 3.41 | 3.58 | |
| EV To Free Cash Flow | 14.27 | 13.56 | |
| Price To Free Cash Flows Ratio | 12.73 | 12.09 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.60 | 0.63 |
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.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.Additional Tools for Canadian Stock Analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.