Canadian National (Germany) Price on October 1, 2024
| CY2 Stock | EUR 105.80 0.10 0.09% |
If you're considering investing in Canadian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Canadian National stands at 105.80, as last reported on the 2nd of December, with the highest price reaching 105.80 and the lowest price hitting 105.30 during the day. At this point, Canadian National is very steady. Canadian National Railway secures Sharpe Ratio (or Efficiency) of 0.0051, which signifies that the company had a 0.0051% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canadian National Railway, which you can use to evaluate the volatility of the firm. Please confirm Canadian National's Mean Deviation of 0.9096, downside deviation of 1.22, and Risk Adjusted Performance of 0.013 to double-check if the risk estimate we provide is consistent with the expected return of 0.0065%.
Canadian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Canadian |
Sharpe Ratio = 0.0051
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Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.01 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 National 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 National by adding Canadian National to a well-diversified portfolio.
Canadian National Valuation on October 1, 2024
It is possible to determine the worth of Canadian National on a given historical date. On October 1, 2024 Canadian was worth 104.55 at the beginning of the trading date compared to the closed value of 106.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian National stock. Still, in general, we apply an absolute valuation method to find Canadian National'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 National where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian National's related companies.
| Open | High | Low | Close | Volume | |
| 103.70 | 105.40 | 103.70 | 104.70 | 120.00 | |
10/01/2024 | 104.55 | 106.00 | 104.55 | 106.00 | 95.00 |
| 105.20 | 106.35 | 105.15 | 105.15 | 45.00 |
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Canadian National Trading Date Momentum on October 1, 2024
| On October 02 2024 Canadian National Railway was traded for 105.15 at the closing time. The highest daily price throughout the period was 106.35 and the lowest price was 105.15 . The daily volume was 45.0. The net trading volume on 10/02/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.80% . The overall trading delta to current closing price is 1.04% . |
Canadian National Railway Fundamentals Correlations and Trends
By evaluating Canadian National'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 National'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 National Stock history
Canadian National 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 National Railway 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 National stock prices may prove useful in developing a viable investing in Canadian National
Canadian National Railway Company engages in rail and related transportation business. Canadian National Railway Company was founded in 1919 and is headquartered in Montreal, Canada. Canadian National operates under Railroads classification in Germany and is traded on Frankfurt Stock Exchange. It employs 27119 people.
Canadian National Stock Technical Analysis
Canadian National 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.
Price Boundaries
Canadian National Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Canadian National Railway cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 National December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Canadian National 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 National shares will generate the highest return on investment. By undertsting and applying Canadian National stock market strength indicators, traders can identify Canadian National Railway entry and exit signals to maximize returns
Canadian National Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canadian National'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.
| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0475 |
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| Volume Indicators |
Complementary Tools for Canadian Stock analysis
When running Canadian National's price analysis, check to measure Canadian National'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 National is operating at the current time. Most of Canadian National's value examination focuses on studying past and present price action to predict the probability of Canadian National'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 National's price. Additionally, you may evaluate how the addition of Canadian National to your portfolios can decrease your overall portfolio volatility.
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