Canadian Natural Stock Forecast - Rate Of Daily Change
| CNQ Stock | CAD 102.10 0.29 0.28% |
Canadian Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Canadian Natural stock prices and determine the direction of Canadian Natural Resources's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Canadian Natural's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Canadian Natural's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Canadian Natural's systematic risk associated with finding meaningful patterns of Canadian Natural fundamentals over time.
Check out Historical Fundamental Analysis of Canadian Natural to cross-verify your projections. Canadian |
Most investors in Canadian Natural cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Canadian Natural's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Canadian Natural's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Canadian Natural.| Check Canadian Natural Volatility | Backtest Canadian Natural | Information Ratio |
Canadian Natural Trading Date Momentum
| On May 03 2024 Canadian Natural Resources was traded for 102.10 at the closing time. The maximum traded price for the trading interval was 103.05 and the lowest daily price was 101.38 . The daily volume was recorded at 1.9 M. The volume of trading on 3rd of May 2024 did not affect price variability. The overall trading delta to the closing price today is 0.79% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Canadian Natural to competition |
Other Forecasting Options for Canadian Natural
For every potential investor in Canadian, whether a beginner or expert, Canadian Natural's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Canadian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Canadian. Basic forecasting techniques help filter out the noise by identifying Canadian Natural's price trends.Canadian Natural Related Equities
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.
| Risk & Return | Correlation |
Canadian Natural Res Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Canadian Natural's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Canadian Natural's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Canadian Natural Market Strength Events
Market strength indicators help investors to evaluate how Canadian Natural 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 Natural shares will generate the highest return on investment. By undertsting and applying Canadian Natural stock market strength indicators, traders can identify Canadian Natural Resources entry and exit signals to maximize returns.
| Accumulation Distribution | 30984.47 | |||
| Daily Balance Of Power | (0.17) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 102.22 | |||
| Day Typical Price | 102.18 | |||
| Price Action Indicator | (0.26) | |||
| Period Momentum Indicator | (0.29) | |||
| Relative Strength Index | 54.51 |
Canadian Natural Risk Indicators
The analysis of Canadian Natural's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Canadian Natural's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting canadian stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.08 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.2 | |||
| Downside Variance | 1.98 | |||
| Semi Variance | 1.26 | |||
| Expected Short fall | (1.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Natural's short interest history, or implied volatility extrapolated from Canadian Natural options trading.
Pair Trading with Canadian Natural
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 Natural 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 Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.84 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
| 0.8 | ENB-PFU | Enbridge Pref L Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Canadian Natural 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 Natural 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 Natural - 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 Natural Resources to buy it.
The correlation of Canadian Natural 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 Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res 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 Natural 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 Historical Fundamental Analysis of Canadian Natural to cross-verify your projections. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Canadian Stock analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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