Canadian National Railway Stock Market Value
| CNI Stock | USD 111.24 2.04 1.87% |
| Symbol | Canadian |
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian National. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canadian National Railway is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian National's value that differs from its market value or its book value, called intrinsic value, which is Canadian National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian National's market value can be influenced by many factors that don't directly affect Canadian National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
Canadian National 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canadian National's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canadian National.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Canadian National on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian National Railway or generate 0.0% return on investment in Canadian National over 270 days. Canadian National is related to or competes with Union Pacific, CSX, Norfolk Southern, Westinghouse Air, Canadian Pacific, Trinity Industries, and Greenbrier Companies. Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation busine... More
Canadian National Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canadian National's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canadian National Railway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.87 |
Canadian National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian National's standard deviation. In reality, there are many statistical measures that can use Canadian National historical prices to predict the future Canadian National's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.53) |
Canadian National Railway Backtested Returns
Canadian National Railway secures Sharpe Ratio (or Efficiency) of -0.0734, which signifies that the company had a -0.0734% return per unit of risk over the last 3 months. Canadian National Railway exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canadian National's Mean Deviation of 0.8521, standard deviation of 1.1, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian National's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian National is expected to be smaller as well. At this point, Canadian National Railway has a negative expected return of -0.0809%. Please make sure to confirm Canadian National's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Canadian National Railway performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Canadian National Railway has below average predictability. Overlapping area represents the amount of predictability between Canadian National time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canadian National Railway price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Canadian National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 13.6 |
Canadian National Railway lagged returns against current returns
Autocorrelation, which is Canadian National stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Canadian National's stock expected returns. We can calculate the autocorrelation of Canadian National returns to help us make a trade decision. For example, suppose you find that Canadian National has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Canadian National regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Canadian National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian National stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian National Lagged Returns
When evaluating Canadian National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian National stock have on its future price. Canadian National autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Canadian National autocorrelation shows the relationship between Canadian National stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian National Railway.
Regressed Prices |
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Currently Active Assets on Macroaxis
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:Check out Canadian National Correlation, Canadian National Volatility and Canadian National Alpha and Beta module to complement your research on Canadian National. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Canadian National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.