Canadian Natural Resources Stock Price on January 14, 2024

CNQ Stock  USD 31.02  0.64  2.02%   
Below is the normalized historical share price chart for Canadian Natural Resources extending back to July 31, 2000. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canadian Natural stands at 31.02, as last reported on the 13th of December 2024, with the highest price reaching 31.02 and the lowest price hitting 31.02 during the day.
IPO Date
17th of May 1976
200 Day MA
35.8015
50 Day MA
34.5268
Beta
1.878
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Canadian Stock, it is important to understand the factors that can impact its price. Canadian Natural Res secures Sharpe Ratio (or Efficiency) of -0.0104, which signifies that the company had a -0.0104% return per unit of risk over the last 3 months. Canadian Natural Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian Natural's Standard Deviation of 1.72, risk adjusted performance of 0.0049, and Mean Deviation of 1.33 to double-check the risk estimate we provide.
  
At this time, Canadian Natural's Total Stockholder Equity is relatively stable compared to the past year. As of 12/13/2024, Common Stock Shares Outstanding is likely to grow to about 2.2 B, though Sale Purchase Of Stock is likely to grow to (3.2 B). . At this time, Canadian Natural's Price To Sales Ratio is relatively stable compared to the past year. As of 12/13/2024, Price Book Value Ratio is likely to grow to 2.98, while Price To Free Cash Flows Ratio is likely to drop 12.09. Canadian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0104

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Estimated Market Risk

 1.75
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Canadian Natural is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canadian Natural by adding Canadian Natural to a well-diversified portfolio.
Price Book
2.4417
Enterprise Value Ebitda
6.3122
Price Sales
1.921
Shares Float
2.1 B
Dividend Share
2.075

Canadian Natural Valuation on January 14, 2024

It is possible to determine the worth of Canadian Natural on a given historical date. On January 14, 2024 Canadian was worth 32.02 at the beginning of the trading date compared to the closed value of 31.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian Natural stock. Still, in general, we apply an absolute valuation method to find Canadian Natural's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canadian Natural where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian Natural's related companies.
 Open High Low Close Volume
  31.61    31.64    31.17    31.43    5,728,588  
01/12/2024
  32.02    32.19    31.47    31.52    9,182,094  
  31.55    31.87    30.68    30.71    5,626,150  
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Open Value
32.02
31.52
Closing Value
37.26
Upside

Canadian Natural Trading Date Momentum on January 14, 2024

On January 16 2024 Canadian Natural Resources was traded for  30.71  at the closing time. Highest Canadian Natural's price during the trading hours was 31.87  and the lowest price during the day was  30.68 . The net volume was 5.6 M. The overall trading history on the 16th of January 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.57% . The overall trading delta to current price is 3.55% .

Canadian Natural Res Fundamentals Correlations and Trends

By evaluating Canadian Natural's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canadian Natural's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canadian financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canadian Natural Stock history

Canadian Natural investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canadian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Natural Res will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canadian Natural stock prices may prove useful in developing a viable investing in Canadian Natural
Last ReportedProjected for Next Year
Common Stock Shares Outstanding2.2 B2.2 B
Net Income Applicable To Common Shares12.6 B13.2 B

Canadian Natural Stock Technical Analysis

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...

Price Boundaries

Canadian Natural Period Price Range

Low
December 13, 2024
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High

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Canadian Natural Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Canadian Natural December 13, 2024 Market Strength

Market strength indicators help investors to evaluate how Canadian Natural stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Natural shares will generate the highest return on investment. By undertsting and applying Canadian Natural stock market strength indicators, traders can identify Canadian Natural Resources entry and exit signals to maximize returns

Canadian Natural Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canadian Natural's price direction in advance. Along with the technical and fundamental analysis of Canadian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canadian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

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.