Canadian Natural Resources Stock Short Ratio

CNQ Stock

USD 34.84 0.29 0.84%

Canadian Natural Resources fundamentals help investors to digest information that contributes to Canadian Natural's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Natural stock.

Short Long Term Debt Total Total Assets

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Canadian Natural Resources Company Short Ratio Analysis

Canadian Natural's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Short Ratio

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Canadian Natural Short Ratio

4.88 X

Most of Canadian Natural's fundamental indicators, such as Short Ratio, 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, Canadian Natural Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Canadian Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Canadian Natural is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Short Ratio. Since Canadian Natural's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Natural's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Natural's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Net Tangible Assets	Long Term Debt	Short Term Investments	Short Long Term Debt	Short Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.8	0.78	0.78	0.51	0.66	0.98	0.61	0.62	0.75	0.5	0.08	0.58	0.74	0.96	0.45	0.49	0.26	0.07	-0.12	0.19
Total Stockholder Equity	0.8		0.53	0.97	0.87	0.87	0.77	0.89	0.81	0.54	0.35	0.05	0.39	0.9	0.83	0.54	0.47	0.66	-0.5	0.26	0.64
Net Debt	0.78	0.53		0.49	0.17	0.34	0.87	0.31	0.44	0.97	0.67	0.08	0.79	0.54	0.73	-0.01	0.8	-0.15	0.24	-0.22	-0.18
Retained Earnings	0.78	0.97	0.49		0.81	0.84	0.73	0.83	0.71	0.47	0.35	0.1	0.41	0.78	0.78	0.59	0.33	0.57	-0.45	0.24	0.56
Accounts Payable	0.51	0.87	0.17	0.81		0.83	0.44	0.92	0.82	0.22	0.22	0.0	0.11	0.84	0.61	0.43	0.29	0.88	-0.75	0.46	0.87
Net Receivables	0.66	0.87	0.34	0.84	0.83		0.62	0.96	0.74	0.37	0.37	-0.1	0.24	0.8	0.69	0.71	0.32	0.74	-0.52	0.34	0.72
Total Liab	0.98	0.77	0.87	0.73	0.44	0.62		0.56	0.6	0.85	0.55	0.08	0.64	0.73	0.94	0.35	0.61	0.17	0.11	-0.16	0.11
Total Current Assets	0.61	0.89	0.31	0.83	0.92	0.96	0.56		0.82	0.36	0.42	-0.14	0.22	0.86	0.68	0.58	0.37	0.85	-0.66	0.43	0.83
Net Tangible Assets	0.62	0.81	0.44	0.71	0.82	0.74	0.6	0.82		0.48	0.31	0.2	0.35	0.9	0.68	0.36	0.56	0.71	-0.54	0.3	0.69
Long Term Debt	0.75	0.54	0.97	0.47	0.22	0.37	0.85	0.36	0.48		0.64	0.01	0.72	0.62	0.74	-0.07	0.88	-0.06	0.13	-0.18	-0.09
Short Term Investments	0.5	0.35	0.67	0.35	0.22	0.37	0.55	0.42	0.31	0.64		-0.16	0.63	0.31	0.46	-0.01	0.43	0.01	0.08	-0.09	-0.04
Short Long Term Debt	0.08	0.05	0.08	0.1	0.0	-0.1	0.08	-0.14	0.2	0.01	-0.16		0.38	-0.06	0.06	0.1	-0.02	-0.17	0.15	-0.09	-0.16
Short Term Debt	0.58	0.39	0.79	0.41	0.11	0.24	0.64	0.22	0.35	0.72	0.63	0.38		0.32	0.56	0.09	0.6	-0.2	0.31	-0.19	-0.18
Common Stock	0.74	0.9	0.54	0.78	0.84	0.8	0.73	0.86	0.9	0.62	0.31	-0.06	0.32		0.82	0.36	0.67	0.72	-0.52	0.26	0.69
Property Plant Equipment	0.96	0.83	0.73	0.78	0.61	0.69	0.94	0.68	0.68	0.74	0.46	0.06	0.56	0.82		0.41	0.56	0.38	-0.04	0.01	0.33
Current Deferred Revenue	0.45	0.54	-0.01	0.59	0.43	0.71	0.35	0.58	0.36	-0.07	-0.01	0.1	0.09	0.36	0.41		-0.19	0.5	-0.18	0.22	0.48
Long Term Debt Total	0.49	0.47	0.8	0.33	0.29	0.32	0.61	0.37	0.56	0.88	0.43	-0.02	0.6	0.67	0.56	-0.19		0.11	-0.11	0.05	0.12
Cash And Equivalents	0.26	0.66	-0.15	0.57	0.88	0.74	0.17	0.85	0.71	-0.06	0.01	-0.17	-0.2	0.72	0.38	0.5	0.11		-0.83	0.56	0.99
Net Invested Capital	0.07	-0.5	0.24	-0.45	-0.75	-0.52	0.11	-0.66	-0.54	0.13	0.08	0.15	0.31	-0.52	-0.04	-0.18	-0.11	-0.83		-0.63	-0.85
Net Working Capital	-0.12	0.26	-0.22	0.24	0.46	0.34	-0.16	0.43	0.3	-0.18	-0.09	-0.09	-0.19	0.26	0.01	0.22	0.05	0.56	-0.63		0.63
Capital Stock	0.19	0.64	-0.18	0.56	0.87	0.72	0.11	0.83	0.69	-0.09	-0.04	-0.16	-0.18	0.69	0.33	0.48	0.12	0.99	-0.85	0.63

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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

Competition

Predict Canadian Natural

Based on the latest financial disclosure, Canadian Natural Resources has a Short Ratio of 4.88 times. This is 5.06% lower than that of the Oil, Gas & Consumable Fuels sector and 25.13% higher than that of the Energy industry. The short ratio for all United States stocks is 22.0% lower than that of the firm.

Canadian Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Natural's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Natural could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics of similar companies.

Canadian Natural is currently under evaluation in short ratio category among its peers.

Canadian Natural ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Natural's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Natural's managers, analysts, and investors.

Environmental

Governance

Social

Canadian Natural Institutional Holders

Institutional Holdings refers to the ownership stake in Canadian Natural that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Natural's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Natural's value.

		Shares
1832 Asset Management L.p	2024-09-30	33.8 M
T. Rowe Price Investment Management,inc.	2024-09-30	31.7 M
Mackenzie Investments	2024-09-30	30.1 M
Yacktman Asset Management Co	2024-09-30	29 M
Manufacturers Life Insurance Co	2024-09-30	28.5 M
Cibc World Markets Inc.	2024-06-30	26.6 M
Bank Of Nova Scotia	2024-09-30	23 M
Cibc Global Asset Management Inc	2024-09-30	22.8 M
Morgan Stanley - Brokerage Accounts	2024-06-30	22.8 M
Capital World Investors	2024-09-30	278.9 M
Royal Bank Of Canada	2024-06-30	114.8 M

Canadian Fundamentals

	Return On Equity	0.19
	Return On Asset	0.0821
	Profit Margin	0.21 %
	Operating Margin	0.32 %
	Current Valuation	80.28 B
	Shares Outstanding	2.11 B
	Shares Owned By Insiders	4.27 %
	Shares Owned By Institutions	75.89 %
	Number Of Shares Shorted	21.57 M
	Price To Earning	7.81 X
	Price To Book	2.58 X
	Price To Sales	2.06 X
	Revenue	35.97 B
	Gross Profit	23.61 B
	EBITDA	17.64 B
	Net Income	8.23 B
	Cash And Equivalents	920 M
	Cash Per Share	0.87 X
	Total Debt	12.35 B
	Debt To Equity	0.38 %
	Current Ratio	0.78 X
	Book Value Per Share	18.88 X
	Cash Flow From Operations	12.35 B
	Short Ratio	4.88 X
	Earnings Per Share	2.52 X
	Price To Earnings To Growth	12.75 X
	Target Price	55.14
	Number Of Employees	10.27 K
	Beta	1.88
	Market Capitalization	73.62 B
	Total Asset	75.95 B
	Retained Earnings	28.95 B
	Working Capital	(268 M)
	Current Asset	4.06 B
	Current Liabilities	4.59 B
	Annual Yield	0.05 %
	Five Year Return	4.13 %
	Net Asset	75.95 B
	Last Dividend Paid	2.08

About Canadian Natural Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Canadian Natural Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Natural Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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.

Pair Correlation Correlation Matching

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.

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