Canadian Natural Resources Stock Alpha and Beta Analysis
| CNQ Stock | CAD 102.10 0.29 0.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canadian Natural Resources. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canadian Natural over a specified time horizon. Remember, high Canadian Natural'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 Natural's market risk premium analysis include:
Beta 0.59 | Alpha 0.24 | Risk 1.4 | Sharpe Ratio 0.26 | Expected Return 0.37 |
Canadian Natural 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 Natural Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canadian Natural market risk premium is the additional return an investor will receive from holding Canadian Natural 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 Natural. 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 Natural's performance over market.| α | 0.24 | β | 0.59 |
Canadian Natural 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 Natural's Buy-and-hold return. Our buy-and-hold chart shows how Canadian Natural performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canadian Natural Market Price Analysis
Market price analysis 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 understating and applying Canadian Natural stock market price indicators, traders can identify Canadian Natural position entry and exit signals to maximize returns.
Canadian Natural Return and Market Media
The median price of Canadian Natural for the period between Tue, Feb 6, 2024 and Mon, May 6, 2024 is 99.61 with a coefficient of variation of 10.26. The daily time series for the period is distributed with a sample standard deviation of 9.96, arithmetic mean of 97.15, and mean deviation of 8.51. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Stocks Showing Improved Relative Strength Canadian Natural Rscs - Investors Business Daily | 03/04/2024 |
2 | Canadian Natural Resources Sets Shareholder Meeting - TipRanks.com - TipRanks | 03/20/2024 |
3 | Canadian Natural Resources Hits New 52-Week High After Analyst Upgrade - MarketBeat | 03/25/2024 |
4 | Canadian Natural Resources Hits New 12-Month High at 104.99 - MarketBeat | 04/01/2024 |
5 | Closing Bell Canadian Natural Resources Ltd. down on Thursday - The Globe and Mail | 04/11/2024 |
6 | 5244 Shares in Canadian Natural Resources Limited Purchased by Sapient Capital LLC - Defense World | 04/15/2024 |
7 | Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in Canadian Natural Resources Limited - MarketBeat | 04/18/2024 |
8 | Closing Bell Canadian Natural Resources Ltd. down on Monday - The Globe and Mail | 04/22/2024 |
9 | Earnings Preview Canadian Natural Resources Q1 Earnings Expected to Decline - Yahoo Finance | 04/25/2024 |
10 | Canadian Natural Resources Share Price Crosses Above 200-Day Moving Average of 92.30 - Defense World | 05/03/2024 |
About Canadian Natural 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 Natural Res 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.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0577 | 0.0411 | 0.0431 | Price To Sales Ratio | 1.72 | 2.63 | 2.5 |
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.
Build Portfolio with Canadian Natural
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Canadian Natural Backtesting, Canadian Natural Valuation, Canadian Natural Correlation, Canadian Natural Hype Analysis, Canadian Natural Volatility, Canadian Natural History and analyze Canadian Natural Performance. You can also try the Commodity Directory module to find actively traded commodities issued by 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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Canadian Natural 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.