Canadian Natural Resources Limited Shares Could Be 34 percent Below Their Intrinsic Value Estimate - Simply Wall St
| CNQ Stock | CAD 47.52 0.50 1.06% |
About 50% 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 Limited Shares Could Be 34 percent Below Their Intrinsic Value Estimate Simply Wall St
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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.
Current Ratio
Current Ratio Comparative Analysis
Canadian Natural is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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
| ENB | Enbridge | 0.55 | ||||
| TRP | TC Energy | 0.52 | ||||
| CVE | Cenovus Energy | 0.23 | ||||
| PPL | Pembina Pipeline | 0.05 | ||||
| SU | Suncor Energy | 0.11 |
Check out Canadian Natural Hype Analysis, Canadian Natural Correlation and Canadian Natural Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.