Canadian National Ownership
| CNR Stock | CAD 152.52 3.09 2.07% |
Shares in Circulation | First Issued 1996-03-31 | Previous Quarter 641.9 M | Current Value 636.2 M | Avarage Shares Outstanding 940.5 M | Quarterly Volatility 200.5 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
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Canadian Stock Ownership Analysis
About 75.0% of the company shares are held by institutions such as insurance companies. The book value of Canadian National was currently reported as 30.95. The company recorded earning per share (EPS) of 8.47. Canadian National Railway last dividend was issued on the 9th of December 2024. The entity had 2:1 split on the 2nd of December 2013. Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Canadian National Railway Company was founded in 1919 and is headquartered in Montreal, Canada. CANADIAN NATIONAL operates under Railroads classification in Canada and is traded on Toronto Stock Exchange. It employs 25975 people. For more info on Canadian National Railway please contact Tracy Robinson at 514 399 7901 or go to https://www.cn.ca.Canadian National Outstanding Bonds
Canadian National issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Canadian National Railway uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Canadian bonds can be classified according to their maturity, which is the date when Canadian National Railway has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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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
| 0.58 | GOOG | Alphabet CDR | PairCorr |
| 0.49 | JPM | JPMorgan Chase | PairCorr |
| 0.48 | BOFA | Bank of America | PairCorr |
| 0.44 | WMT | Walmart Inc CDR | PairCorr |
| 0.36 | AMZN | Amazon CDR | PairCorr |
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.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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.