Canadian Natural Resources on the rise after Q4 beat, achievement of debt target - Seeking Alpha
| CNQ Stock | CAD 46.70 0.89 1.87% |
About 61% of Canadian Natural's investor base is looking to short. The current sentiment of investing in Canadian Natural Resources suggests that many traders are alarmed. 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.
Canadian |
Canadian Natural Resources on the rise after Q4 beat, achievement of debt target Seeking Alpha
Read at news.google.com
 |
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.
Price To Earning
Price To Earning Comparative Analysis
Canadian Natural is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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
| EMNT | Eminent Gold | 3.33 | ||||
| YGR | Yangarra Resources | 0.96 | ||||
| ERE-UN | European Residential | 0.55 | ||||
| RUDB | RBC Discount | 0.47 | ||||
| ALA-PA | Altagas Cum | 0.42 | ||||
| XHB | IShares Canadian | 0.05 | ||||
| XEG | IShares SPTSX | 2.24 |
Check out Canadian Natural Hype Analysis, Canadian Natural Correlation and Canadian Natural Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.