Canadian Operating Income from 2010 to 2026
| CNR Stock | CAD 139.28 1.30 0.94% |
Operating Income | First Reported 1996-03-31 | Previous Quarter 1.6 B | Current Value 1.6 B | Quarterly Volatility 502.1 M |
Check Canadian National financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian National's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.3 B, Interest Expense of 1.1 B or Selling General Administrative of 2.2 B, as well as many indicators such as Price To Sales Ratio of 3.14, Dividend Yield of 0.0125 or PTB Ratio of 2.54. Canadian financial statements analysis is a perfect complement when working with Canadian National Valuation or Volatility modules.
Canadian | Operating Income |
Latest Canadian National's Operating Income Growth Pattern
Below is the plot of the Operating Income of Canadian National Railway over the last few years. Operating Income is the amount of profit realized from Canadian National Railway operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canadian National Railway is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Canadian National's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian National's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Canadian Operating Income Regression Statistics
| Arithmetic Mean | 4,941,006,648 | |
| Geometric Mean | 4,557,566,681 | |
| Coefficient Of Variation | 31.30 | |
| Mean Deviation | 1,141,292,179 | |
| Median | 5,243,000,000 | |
| Standard Deviation | 1,546,669,843 | |
| Sample Variance | 2392187.6T | |
| Range | 6.4B | |
| R-Value | 0.72 | |
| Mean Square Error | 1232285.5T | |
| R-Squared | 0.52 | |
| Significance | 0 | |
| Slope | 220,242,290 | |
| Total Sum of Squares | 38275001.6T |
Canadian Operating Income History
About Canadian National Financial Statements
Canadian National investors utilize fundamental indicators, such as Operating Income, to predict how Canadian Stock 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | 7.2 B | 3.8 B |
Pair Trading with Canadian National
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 National 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 National will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
Moving against Canadian Stock
The ability to find closely correlated positions to Canadian National 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 National 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 National - 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 National Railway to buy it.
The correlation of Canadian National 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 National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian National Railway 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 National 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 the analysis of Canadian National Correlation against competitors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.