Canadian Capital Stock vs Net Invested Capital Analysis
CNQ Stock | USD 74.95 0.87 1.15% |
Canadian Natural financial indicator trend analysis is way more than just evaluating Canadian Natural Res prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Natural Res is a good investment. Please check the relationship between Canadian Natural Capital Stock and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Capital Stock vs Net Invested Capital
Capital Stock vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Natural Res Capital Stock account and Net Invested Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Canadian Natural's Capital Stock and Net Invested Capital is -0.85. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Canadian Natural Resources, assuming nothing else is changed. The correlation between historical values of Canadian Natural's Capital Stock and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Canadian Natural Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Capital Stock i.e., Canadian Natural's Capital Stock and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Canadian Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Natural Res 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 Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Canadian Natural's Selling General Administrative is relatively stable compared to the past year. As of 05/02/2024, Sales General And Administrative To Revenue is likely to grow to 0.03, while Enterprise Value Multiple is likely to drop 5.85.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 711M | 549M | 636M | 333.6M | Depreciation And Amortization | 5.7B | 7.4B | 6.8B | 7.1B |
Canadian Natural fundamental ratios Correlations
Click cells to compare fundamentals
Canadian Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Natural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 78.1B | 75.3B | 76.7B | 76.1B | 76.0B | 40.8B | |
Short Long Term Debt Total | 21.0B | 21.5B | 14.7B | 11.4B | 12.4B | 9.9B | |
Total Current Liabilities | 6.6B | 5.1B | 7.4B | 8.7B | 7.4B | 7.8B | |
Total Stockholder Equity | 35.0B | 32.4B | 36.9B | 38.2B | 39.8B | 41.8B | |
Property Plant And Equipment Net | 72.4B | 69.8B | 70.2B | 68.5B | 66.0B | 37.6B | |
Net Debt | 20.8B | 21.3B | 14.0B | 10.5B | 11.5B | 9.7B | |
Retained Earnings | 25.4B | 22.8B | 26.8B | 27.7B | 28.9B | 30.4B | |
Accounts Payable | 816M | 667M | 803M | 1.3B | 1.4B | 1.5B | |
Non Current Assets Total | 73.6B | 70.9B | 70.7B | 69.1B | 68.8B | 38.1B | |
Non Currrent Assets Other | 1.2B | 951M | 430M | 547M | 2.7B | 2.9B | |
Net Receivables | 2.5B | 2.5B | 3.1B | 3.6B | 3.2B | 3.3B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.3B | |
Liabilities And Stockholders Equity | 78.1B | 75.3B | 76.7B | 76.1B | 76.0B | 40.8B | |
Non Current Liabilities Total | 36.5B | 37.8B | 32.3B | 29.3B | 28.7B | 18.6B | |
Total Liab | 43.1B | 42.9B | 39.7B | 38.0B | 36.1B | 22.2B | |
Property Plant And Equipment Gross | 72.4B | 69.8B | 140.8B | 146.1B | 150.6B | 158.1B | |
Total Current Assets | 4.5B | 4.4B | 5.9B | 7.1B | 7.2B | 7.5B | |
Accumulated Other Comprehensive Income | 34M | 8M | (1M) | 209M | 172M | 180.6M | |
Inventory | 1.2B | 1.1B | 1.5B | 1.8B | 2.0B | 2.1B | |
Other Current Assets | 54M | 82M | 35M | 61M | 542M | 569.1M | |
Cash | 139M | 184M | 744M | 920M | 877M | 920.9M | |
Cash And Short Term Investments | 629M | 489M | 1.1B | 1.4B | 1.4B | 1.5B | |
Other Current Liab | 819M | 722M | 948M | 6.9B | 4.7B | 5.0B | |
Other Liab | 16.3B | 16.2B | 17.2B | 17.0B | 19.5B | 20.5B | |
Net Tangible Assets | 35.0B | 32.4B | 36.9B | 38.2B | 43.9B | 46.1B | |
Other Assets | 1.2B | 1.1B | 565M | 553M | 636.0M | 425.8M | |
Long Term Debt | 18.6B | 20.1B | 13.7B | 11.0B | 9.8B | 11.0B | |
Common Stock Total Equity | 9.1B | 9.3B | 9.5B | 9.6B | 11.0B | 11.6B | |
Short Term Investments | 490M | 305M | 309M | 491M | 525M | 272.4M | |
Short Long Term Debt | 2.4B | 1.3B | 1B | 404M | 980M | 967.5M | |
Short Term Debt | 2.4B | 1.3B | 1B | 404M | 1.3B | 860.4M | |
Common Stock | 9.5B | 9.6B | 10.2B | 10.3B | 10.7B | 11.2B | |
Property Plant Equipment | 72.4B | 69.8B | 70.2B | 68.5B | 78.8B | 44.5B | |
Current Deferred Revenue | 151M | 2.6B | 2.3B | 4.7B | 5.4B | 5.6B | |
Long Term Debt Total | 20.4B | 21.6B | 15.1B | 12.3B | 14.2B | 18.4B | |
Capital Lease Obligations | 2.0B | 1.9B | 1.6B | 1.5B | 1.8B | 1.9B | |
Non Current Liabilities Other | 7.4B | 5.9B | 7.0B | 8.2B | 8.7B | 5.3B | |
Cash And Equivalents | 139M | 184M | 744M | 920M | 1.1B | 1.1B | |
Net Invested Capital | 56.0B | 53.8B | 51.6B | 49.6B | 50.6B | 42.1B |
Canadian Natural Investors Sentiment
The influence of Canadian Natural's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canadian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canadian Natural's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Natural Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canadian Natural's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Natural's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canadian Natural's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Natural.
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
0.9 | AR | Antero Resources Corp | PairCorr |
0.97 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.95 | SD | SandRidge Energy Earnings Call Today | PairCorr |
0.98 | SM | SM Energy Earnings Call Today | PairCorr |
Moving against Canadian Stock
0.68 | EP | Empire Petroleum Corp | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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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Is Canadian Natural's industry 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 Natural. 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 Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.765 | Dividend Share 3.7 | Earnings Share 5.46 | Revenue Per Share 32.958 | Quarterly Revenue Growth (0.01) |
The market value of Canadian Natural Res 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 Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural'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 Natural's market value can be influenced by many factors that don't directly affect Canadian Natural'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 Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural'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.