Canadian Net Income from 2010 to 2024
| CNQ Stock | USD 76.77 0.22 0.29% |
Net Income | First Reported 1993-03-31 | Previous Quarter 2.3 B | Current Value 2.6 B | Quarterly Volatility 813.2 M |
Check Canadian Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.1 B, Interest Expense of 333.6 M or Selling General Administrative of 990.1 M, as well as many exotic indicators such as Price To Sales Ratio of 2.5, Dividend Yield of 0.0432 or PTB Ratio of 2.26. Canadian financial statements analysis is a perfect complement when working with Canadian Natural Valuation or Volatility modules.
Canadian | Net Income |
Latest Canadian Natural's Net Income Growth Pattern
Below is the plot of the Net Income of Canadian Natural Resources over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Canadian Natural Res financial statement analysis. It represents the amount of money remaining after all of Canadian Natural Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Canadian Natural's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Natural's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 8.23 B | 10 Years Trend |
|
Net Income |
| Timeline |
Canadian Net Income Regression Statistics
| Arithmetic Mean | 3,691,663,333 | |
| Coefficient Of Variation | 99.80 | |
| Mean Deviation | 3,023,156,000 | |
| Median | 2,591,000,000 | |
| Standard Deviation | 3,684,196,381 | |
| Sample Variance | 13573303T | |
| Range | 11.6B | |
| R-Value | 0.70 | |
| Mean Square Error | 7369861.4T | |
| R-Squared | 0.50 | |
| Significance | 0 | |
| Slope | 580,080,179 | |
| Total Sum of Squares | 190026241.6T |
Canadian Net Income History
Other Fundumenentals of Canadian Natural Res
| Net Income From Continuing Ops | ||
| Net Income Applicable To Common Shares | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Canadian Natural Net Income component correlations
About Canadian Natural Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Canadian Natural income statement, its balance sheet, and the statement of cash flows. Canadian Natural investors use historical funamental indicators, such as Canadian Natural's Net Income, to determine how well the company is positioned to perform in the future. Although Canadian Natural investors may use each financial statement separately, they are all related. The changes in Canadian Natural's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canadian Natural's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canadian Natural Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canadian Natural. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Income | 8.2 B | 8.6 B | |
| Net Income From Continuing Ops | 7.1 B | 7.5 B | |
| Net Income Applicable To Common Shares | 12.6 B | 13.2 B | |
| Net Income Per Share | 7.54 | 7.92 | |
| Net Income Per E B T | 0.81 | 0.54 |
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
| 0.96 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.97 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.96 | SD | SandRidge Energy | PairCorr |
| 0.98 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against Canadian Stock
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
| 0.51 | VIVK | Vivakor Report 23rd of May 2024 | 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 the analysis of Canadian Natural Correlation against competitors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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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 5.43 | 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.