Canadian Retained Earnings vs Total Stockholder Equity Analysis

CNR Stock

CAD 152.52 3.09 2.07%

Canadian National financial indicator trend analysis is way more than just evaluating Canadian National Railway prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian National Railway is a good investment. Please check the relationship between Canadian National Retained Earnings and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian National Railway Retained Earnings account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.

The correlation between Canadian National's Retained Earnings and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Canadian National Railway, assuming nothing else is changed. The correlation between historical values of Canadian National's Retained Earnings and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Canadian National Railway are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Retained Earnings i.e., Canadian National's Retained Earnings and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Canadian National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian National Railway current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Canadian National's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 30.1 B, while Selling General Administrative is likely to drop about 455.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	6.1B	7.4B	7.2B	5.5B
Total Revenue	14.5B	17.1B	16.8B	10.2B

Gross Profit Total Revenue

Canadian National fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Current Deferred Revenue
Total Assets		0.77	-0.02	0.84	0.98	1.0	0.77	0.98	0.53	0.56	1.0	0.29	0.56	0.92	-0.96	0.99	0.76	0.08	-0.59	0.99	0.72	0.93	0.43	-0.74	-0.69	-0.25
Short Long Term Debt Total	0.77		0.35	0.74	0.73	0.76	1.0	0.68	0.42	0.43	0.78	0.72	0.43	0.78	-0.89	0.78	0.94	-0.17	-0.49	0.79	0.98	0.69	0.76	-0.94	-0.94	-0.41
Other Current Liab	-0.02	0.35		0.29	-0.12	0.0	0.37	-0.13	-0.63	-0.41	0.0	0.36	-0.41	0.05	-0.13	0.02	0.17	-0.57	-0.3	0.06	0.4	-0.24	0.73	-0.46	-0.41	-0.22
Total Current Liabilities	0.84	0.74	0.29		0.78	0.83	0.74	0.78	0.3	0.3	0.84	0.38	0.3	0.85	-0.86	0.82	0.74	0.1	-0.42	0.87	0.67	0.74	0.71	-0.7	-0.62	-0.44
Total Stockholder Equity	0.98	0.73	-0.12	0.78		0.98	0.72	0.99	0.61	0.62	0.98	0.2	0.62	0.88	-0.95	0.96	0.74	0.16	-0.58	0.95	0.67	0.94	0.35	-0.69	-0.66	-0.24
Property Plant And Equipment Net	1.0	0.76	0.0	0.83	0.98		0.76	0.98	0.5	0.52	1.0	0.24	0.52	0.91	-0.96	0.99	0.74	0.08	-0.61	0.99	0.7	0.91	0.43	-0.73	-0.69	-0.21
Net Debt	0.77	1.0	0.37	0.74	0.72	0.76		0.68	0.4	0.39	0.77	0.72	0.39	0.78	-0.88	0.78	0.93	-0.18	-0.49	0.79	0.98	0.67	0.78	-0.95	-0.94	-0.4
Retained Earnings	0.98	0.68	-0.13	0.78	0.99	0.98	0.68		0.58	0.59	0.97	0.14	0.59	0.88	-0.93	0.95	0.7	0.19	-0.59	0.94	0.62	0.94	0.32	-0.64	-0.61	-0.2
Accounts Payable	0.53	0.42	-0.63	0.3	0.61	0.5	0.4	0.58		0.76	0.52	0.27	0.76	0.54	-0.52	0.48	0.63	0.53	-0.03	0.46	0.35	0.75	-0.1	-0.26	-0.32	-0.36
Cash	0.56	0.43	-0.41	0.3	0.62	0.52	0.39	0.59	0.76		0.55	0.22	1.0	0.41	-0.53	0.53	0.53	0.26	-0.17	0.51	0.44	0.74	-0.04	-0.35	-0.32	-0.32
Non Current Assets Total	1.0	0.78	0.0	0.84	0.98	1.0	0.77	0.97	0.52	0.55		0.29	0.55	0.91	-0.96	0.99	0.75	0.07	-0.6	0.99	0.72	0.92	0.44	-0.74	-0.7	-0.24
Non Currrent Assets Other	0.29	0.72	0.36	0.38	0.2	0.24	0.72	0.14	0.27	0.22	0.29		0.22	0.43	-0.41	0.34	0.66	-0.41	-0.09	0.35	0.75	0.25	0.58	-0.62	-0.6	-0.39
Cash And Short Term Investments	0.56	0.43	-0.41	0.3	0.62	0.52	0.39	0.59	0.76	1.0	0.55	0.22		0.41	-0.53	0.53	0.53	0.26	-0.17	0.51	0.44	0.74	-0.04	-0.35	-0.32	-0.32
Net Receivables	0.92	0.78	0.05	0.85	0.88	0.91	0.78	0.88	0.54	0.41	0.91	0.43	0.41		-0.9	0.91	0.82	0.11	-0.47	0.92	0.7	0.89	0.44	-0.69	-0.66	-0.29
Common Stock Shares Outstanding	-0.96	-0.89	-0.13	-0.86	-0.95	-0.96	-0.88	-0.93	-0.52	-0.53	-0.96	-0.41	-0.53	-0.9		-0.95	-0.87	-0.03	0.61	-0.96	-0.84	-0.88	-0.6	0.86	0.83	0.38
Non Current Liabilities Total	0.99	0.78	0.02	0.82	0.96	0.99	0.78	0.95	0.48	0.53	0.99	0.34	0.53	0.91	-0.95		0.74	0.0	-0.59	1.0	0.73	0.9	0.44	-0.75	-0.7	-0.22
Inventory	0.76	0.94	0.17	0.74	0.74	0.74	0.93	0.7	0.63	0.53	0.75	0.66	0.53	0.82	-0.87	0.74		0.12	-0.34	0.75	0.89	0.79	0.64	-0.86	-0.87	-0.55
Other Current Assets	0.08	-0.17	-0.57	0.1	0.16	0.08	-0.18	0.19	0.53	0.26	0.07	-0.41	0.26	0.11	-0.03	0.0	0.12		0.33	0.02	-0.3	0.33	-0.27	0.22	0.17	-0.31
Other Stockholder Equity	-0.59	-0.49	-0.3	-0.42	-0.58	-0.61	-0.49	-0.59	-0.03	-0.17	-0.6	-0.09	-0.17	-0.47	0.61	-0.59	-0.34	0.33		-0.58	-0.49	-0.41	-0.36	0.49	0.5	0.12
Total Liab	0.99	0.79	0.06	0.87	0.95	0.99	0.79	0.94	0.46	0.51	0.99	0.35	0.51	0.92	-0.96	1.0	0.75	0.02	-0.58		0.74	0.89	0.48	-0.76	-0.7	-0.25
Property Plant And Equipment Gross	0.72	0.98	0.4	0.67	0.67	0.7	0.98	0.62	0.35	0.44	0.72	0.75	0.44	0.7	-0.84	0.73	0.89	-0.3	-0.49	0.74		0.62	0.75	-0.94	-0.92	-0.35
Total Current Assets	0.93	0.69	-0.24	0.74	0.94	0.91	0.67	0.94	0.75	0.74	0.92	0.25	0.74	0.89	-0.88	0.9	0.79	0.33	-0.41	0.89	0.62		0.23	-0.61	-0.58	-0.33
Short Term Debt	0.43	0.76	0.73	0.71	0.35	0.43	0.78	0.32	-0.1	-0.04	0.44	0.58	-0.04	0.44	-0.6	0.44	0.64	-0.27	-0.36	0.48	0.75	0.23		-0.77	-0.74	-0.45
Common Stock Total Equity	-0.74	-0.94	-0.46	-0.7	-0.69	-0.73	-0.95	-0.64	-0.26	-0.35	-0.74	-0.62	-0.35	-0.69	0.86	-0.75	-0.86	0.22	0.49	-0.76	-0.94	-0.61	-0.77		0.98	0.39
Common Stock	-0.69	-0.94	-0.41	-0.62	-0.66	-0.69	-0.94	-0.61	-0.32	-0.32	-0.7	-0.6	-0.32	-0.66	0.83	-0.7	-0.87	0.17	0.5	-0.7	-0.92	-0.58	-0.74	0.98		0.41
Current Deferred Revenue	-0.25	-0.41	-0.22	-0.44	-0.24	-0.21	-0.4	-0.2	-0.36	-0.32	-0.24	-0.39	-0.32	-0.29	0.38	-0.22	-0.55	-0.31	0.12	-0.25	-0.35	-0.33	-0.45	0.39	0.41

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Canadian National Account Relationship Matchups

Canadian National fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.8B	44.8B	48.5B	50.7B	52.7B	30.5B
Short Long Term Debt Total	14.3B	13.2B	12.8B	15.8B	18.9B	19.8B
Other Current Liab	1.3B	(115M)	(74M)	(12M)	1.6B	1.7B
Total Current Liabilities	4.3B	3.3B	3.1B	3.8B	5.0B	2.6B
Total Stockholder Equity	18.0B	19.7B	22.7B	21.4B	20.1B	12.8B
Property Plant And Equipment Net	40.2B	40.5B	41.6B	44.0B	45.0B	27.0B
Net Debt	14.2B	12.6B	12.0B	15.4B	18.4B	19.3B
Retained Earnings	17.6B	19.2B	21.0B	19.5B	18.7B	9.7B
Accounts Payable	866M	2.4B	2.6B	2.8B	968M	1.2B
Cash	64M	569M	838M	328M	475M	257.7M
Non Current Assets Total	41.0B	41.7B	45.1B	47.4B	49.6B	28.5B
Non Currrent Assets Other	18M	22M	20M	2.4B	3.3B	3.4B
Cash And Short Term Investments	64M	569M	838M	328M	475M	257.7M
Net Receivables	1.2B	1.1B	1.1B	1.4B	1.3B	915.6M
Common Stock Shares Outstanding	722.6M	713M	710.3M	688.3M	659.1M	757.7M
Liabilities And Stockholders Equity	43.8B	44.8B	48.5B	50.7B	52.7B	30.5B
Non Current Liabilities Total	21.5B	21.9B	22.7B	25.4B	27.5B	15.1B
Inventory	611M	583M	589M	692M	699M	734.0M
Other Current Assets	418M	365M	422M	320M	33M	31.4M
Other Stockholder Equity	240M	264M	294M	211M	229M	217.6M
Total Liab	25.7B	25.2B	25.8B	29.3B	32.5B	17.8B
Property Plant And Equipment Gross	40.2B	40.5B	41.6B	44.0B	62.4B	65.6B
Total Current Assets	2.8B	3.1B	3.4B	3.2B	3.1B	2.0B
Accumulated Other Comprehensive Income	(3.5B)	(3.5B)	(2.2B)	(2.0B)	(2.3B)	(2.4B)
Short Term Debt	2.1B	910M	508M	1.1B	2.5B	2.6B
Common Stock Total Equity	3.8B	3.6B	3.7B	3.7B	3.3B	3.3B
Common Stock	3.7B	3.7B	3.7B	3.6B	3.5B	3.2B
Current Deferred Revenue	50M	115M	74M	12M	13M	12.4M
Intangible Assets	152M	145M	139M	137M	131M	124.5M
Other Liab	9.2B	9.6B	10.4B	10.7B	12.3B	9.4B
Net Tangible Assets	16.5B	18.1B	21.1B	19.7B	22.6B	17.3B
Other Assets	452M	900M	3.2B	3.1B	3.6B	3.8B
Long Term Debt	11.8B	12.0B	12.0B	14.4B	16.1B	11.5B
Deferred Long Term Liab	67M	64M	59M	66M	59.4M	56.4M
Long Term Investments	84M	83M	119M	94M	402M	422.1M
Short Long Term Debt	1.9B	910M	508M	1.1B	2.3B	1.4B
Property Plant Equipment	38.9B	39.1B	40.2B	44.0B	50.6B	38.0B
Long Term Debt Total	11.9B	12.0B	12.0B	14.4B	16.5B	12.2B
Capital Surpluse	403M	379M	397M	381M	342.9M	304.9M

Pair Trading with Canadian National

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 National 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 National will appreciate offsetting losses from the drop in the long position's value.

Moving against Canadian Stock

0.6	TRP	TC Energy Corp	Pair Corr
0.6	NVDA	NVIDIA CDR	Pair Corr
0.53	TD-PFI	Toronto Dominion Bank	Pair Corr
0.5	ENB	Enbridge	Pair Corr
0.49	MFC	Manulife Financial Corp	Pair Corr

The ability to find closely correlated positions to Canadian National 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 National 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 National - 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 National Railway to buy it.

The correlation of Canadian National 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 National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian National Railway 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 National 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

When determining whether Canadian National Railway offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canadian National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canadian National Railway Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canadian National Railway Stock:

How To Invest In Canadian

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Is Canadian Stock a good investment?

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What is Canadian National's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Please note, there is a significant difference between Canadian National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Canadian Retained Earnings vs Total Stockholder Equity Analysis

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Stockholder Equity

Canadian National fundamental ratios Correlations

Canadian National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian National fundamental ratios Accounts

Pair Trading with Canadian National

Moving against Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Total Liab	- 0.96	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.96	Non Current Assets Total
Common Stock Shares Outstanding	- 0.96	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.96	Total Assets
Non Current Liabilities Total	- 0.95	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.95	Net Debt