Canadian Natural Resources Ltd. stock falls Friday, underperforms market - MarketWatch
| CNQ Stock | CAD 48.14 0.91 1.93% |
About 55% of Canadian Natural's investors are presently thinking to get in. The current sentiment of investing in Canadian Natural Resources suggests that some traders are interested. Canadian Natural's investing sentiment overview a quick insight into current market opportunities from investing in Canadian Natural Resources. Many technical investors use Canadian Natural Res stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Canadian Natural Resources Ltd. stock falls Friday, underperforms market MarketWatch
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Canadian Natural Fundamental Analysis
We analyze Canadian Natural'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 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.
Market Capitalization
Market Capitalization Comparative Analysis
Canadian Natural is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Canadian Natural Res Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canadian Natural stock to make a market-neutral strategy. 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 with similar companies.
Peers
Canadian Natural Related Equities
| CVE | Cenovus Energy | 1.31 | ||||
| ENB | Enbridge | 0.38 | ||||
| TRP | TC Energy | 0.35 | ||||
| SU | Suncor Energy | 0.24 | ||||
| PPL | Pembina Pipeline | 0.09 |
Check out Canadian Natural Hype Analysis, Canadian Natural Correlation and Canadian Natural Performance. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..