Canadian Pacific Railway Stock Technical Analysis
| CP Stock | USD 77.23 1.22 1.56% |
As of the 9th of June, Canadian Pacific shows the Risk Adjusted Performance of (0.07), mean deviation of 1.14, and Standard Deviation of 1.52. Canadian Pacific Railway technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Canadian Pacific Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canadian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanadianCanadian |
Canadian Pacific Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 89.44 | Strong Buy | 33 | Odds |
Most Canadian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Canadian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Canadian Pacific Railway, talking to its executives and customers, or listening to Canadian conference calls.
Canadian Pacific 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.
Canadian Pacific Railway Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canadian Pacific Railway volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canadian Pacific Railway Trend Analysis
Use this graph to draw trend lines for Canadian Pacific Railway. You can use it to identify possible trend reversals for Canadian Pacific as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canadian Pacific price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canadian Pacific Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canadian Pacific Railway applied against its price change over selected period. The best fit line has a slop of 0.22 , which may indicate that the price for Canadian Pacific Railway will continue to decline. It has 122 observation points and a regression sum of squares at 1773.86, which is the sum of squared deviations for the predicted Canadian Pacific price change compared to its average price change.About Canadian Pacific Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canadian Pacific Railway on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canadian Pacific Railway based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canadian Pacific Railway price pattern first instead of the macroeconomic environment surrounding Canadian Pacific Railway. By analyzing Canadian Pacific's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canadian Pacific's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canadian Pacific specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.008136 | 0.007512 | 0.007253 | 0.00689 | Price To Sales Ratio | 7.79 | 10.68 | 7.76 | 8.15 |
Canadian Pacific June 9, 2024 Technical Indicators
Most technical analysis of Canadian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canadian from various momentum indicators to cycle indicators. When you analyze Canadian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 1.14 | |||
| Coefficient Of Variation | (857.16) | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.31 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.25 | |||
| Skewness | (1.01) | |||
| Kurtosis | 3.71 |
Additional Tools for Canadian Stock Analysis
When running Canadian Pacific's price analysis, check to measure Canadian Pacific'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 Pacific is operating at the current time. Most of Canadian Pacific's value examination focuses on studying past and present price action to predict the probability of Canadian Pacific'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 Pacific's price. Additionally, you may evaluate how the addition of Canadian Pacific to your portfolios can decrease your overall portfolio volatility.