Canadian National Railway Stock Alpha and Beta Analysis
| CNI Stock | USD 111.24 2.04 1.87% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canadian National Railway. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canadian National over a specified time horizon. Remember, high Canadian National's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canadian National's market risk premium analysis include:
Beta 0.94 | Alpha (0.16) | Risk 1.1 | Sharpe Ratio (0.07) | Expected Return (0.08) |
Canadian National Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Canadian National Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canadian National market risk premium is the additional return an investor will receive from holding Canadian National long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canadian National. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canadian National's performance over market.| α | -0.16 | β | 0.94 |
Canadian National expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canadian National's Buy-and-hold return. Our buy-and-hold chart shows how Canadian National performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canadian National Market Price Analysis
Market price analysis indicators help investors to evaluate how Canadian National stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian National shares will generate the highest return on investment. By understating and applying Canadian National stock market price indicators, traders can identify Canadian National position entry and exit signals to maximize returns.
Canadian National Return and Market Media
The median price of Canadian National for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 115.1 with a coefficient of variation of 3.06. The daily time series for the period is distributed with a sample standard deviation of 3.49, arithmetic mean of 114.06, and mean deviation of 2.99. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Canadian National dividend paid on 27th of September 2024 | 09/27/2024 |
1 | Feds order to end rail shutdown unprecedented, labour tribunal says | 10/22/2024 |
2 | TSECNR FY2024 EPS Forecast Cut by National Bank Financial | 10/24/2024 |
3 | An ASX Dividend Stock Noted for a 50 percent Decline This Year | 11/04/2024 |
4 | Bill Gates just dumped 200 million of this stock | 11/05/2024 |
5 | Collins Foods And 2 Other ASX Undervalued Small Caps With Insider Buying | 11/06/2024 |
6 | Heres Why We Think Canadian National Railway Is Well Worth Watching | 11/08/2024 |
7 | Citi raises Canadian National Railway stock to buy with higher target | 11/12/2024 |
8 | Canadian National Railway jumps 3.1 percent this week, though earnings growth is still tracking behind five-year shareholder returns | 11/13/2024 |
9 | Defense Metals Announces Appointment of Mark Tory as CEO | 11/18/2024 |
10 | Why Is CN Down 4.6 percent Since Last Earnings Report | 11/21/2024 |
About Canadian National Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canadian or other stocks. Alpha measures the amount that position in Canadian National Railway has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0158 | 0.0182 | 0.0189 | 0.0122 | Price To Sales Ratio | 7.6 | 6.45 | 6.51 | 6.83 |
Canadian National Upcoming Company Events
As portrayed in its financial statements, the presentation of Canadian National's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canadian National's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canadian National's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canadian National. Please utilize our Beneish M Score to check the likelihood of Canadian National's management manipulating its earnings.
| 22nd of April 2024 Upcoming Quarterly Report | View | |
| 23rd of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
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Check out Canadian National Backtesting, Canadian National Valuation, Canadian National Correlation, Canadian National Hype Analysis, Canadian National Volatility, Canadian National History and analyze Canadian National Performance. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.