CANADIAN PAC RY Profile
CANADIAN is trading at 112.28 as of the 5th of May 2024, a No Change since the beginning of the trading day. The bond's open price was 112.276. Ratings for CANADIAN PAC RY are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
CANADIAN Bond Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CANADIAN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CANADIAN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | CANADIAN PAC RY Corporate Bond, Industrial, Railroad (View all Sectors) |
CANADIAN PAC RY (13645RAD6) is traded in USA.
CANADIAN Against Markets
Picking the right benchmark for CANADIAN bond is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CANADIAN bond price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CANADIAN is critical whether you are bullish or bearish towards CANADIAN PAC RY at a given time. Please also check how CANADIAN's historical prices are related to one of the top price index indicators.
CANADIAN 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 bond to make a market-neutral strategy. Peer analysis of CANADIAN could also be used in its relative valuation, which is a method of valuing CANADIAN by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy CANADIAN Bond?
Before investing in CANADIAN, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CANADIAN. To buy CANADIAN bond, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CANADIAN. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CANADIAN bond. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CANADIAN PAC RY bond in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CANADIAN PAC RY bond, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the bond
It's important to note that investing in stocks, such as CANADIAN PAC RY, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in bond prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in CANADIAN PAC RY?
The danger of trading CANADIAN PAC RY is mainly related to its market volatility and Corporate Bond specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CANADIAN is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CANADIAN. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CANADIAN PAC RY is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the CANADIAN PAC RY information on this page should be used as a complementary analysis to other CANADIAN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.