Avangrid Return On Assets from 2010 to 2024
| AGR Stock | USD 36.38 0.17 0.47% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.0178681 | Current Value 0.0218 | Quarterly Volatility 0.00401083 |
Check Avangrid financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avangrid main balance sheet or income statement drivers, such as Interest Expense of 429.4 M, Total Revenue of 8.7 B or Gross Profit of 2.9 B, as well as many exotic indicators such as Price To Sales Ratio of 1.31, Dividend Yield of 0.0483 or PTB Ratio of 0.61. Avangrid financial statements analysis is a perfect complement when working with Avangrid Valuation or Volatility modules.
Avangrid | Return On Assets |
Latest Avangrid's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Avangrid over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Avangrid's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avangrid's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Avangrid Return On Assets Regression Statistics
| Arithmetic Mean | 0.02 | |
| Geometric Mean | 0.02 | |
| Coefficient Of Variation | 21.31 | |
| Mean Deviation | 0 | |
| Median | 0.02 | |
| Standard Deviation | 0 | |
| Sample Variance | 0.000016 | |
| Range | 0.0139 | |
| R-Value | (0.14) | |
| Mean Square Error | 0.000017 | |
| R-Squared | 0.02 | |
| Significance | 0.61 | |
| Slope | (0.0001) | |
| Total Sum of Squares | 0.0002 |
Avangrid Return On Assets History
About Avangrid Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Avangrid income statement, its balance sheet, and the statement of cash flows. Avangrid investors use historical funamental indicators, such as Avangrid's Return On Assets, to determine how well the company is positioned to perform in the future. Although Avangrid investors may use each financial statement separately, they are all related. The changes in Avangrid's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avangrid'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 Avangrid Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avangrid. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.02 | 0.02 |
Pair Trading with Avangrid
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 Avangrid 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 Avangrid will appreciate offsetting losses from the drop in the long position's value.Moving together with Avangrid Stock
| 0.9 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.82 | ES | Eversource Energy Earnings Call This Week | PairCorr |
| 0.82 | FE | FirstEnergy | PairCorr |
Moving against Avangrid Stock
| 0.89 | HE | Hawaiian Electric Downward Rally | PairCorr |
| 0.47 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
| 0.43 | CMS-PC | CMS Energy | PairCorr |
The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid 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 Avangrid - 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 Avangrid to buy it.
The correlation of Avangrid 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 Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid 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 Avangrid 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 Avangrid Correlation against competitors. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Avangrid Stock analysis
When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.
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Is Avangrid'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 Avangrid. If investors know Avangrid 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 Avangrid 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 0.44 | Dividend Share 1.76 | Earnings Share 2.31 | Revenue Per Share 21.352 | Quarterly Revenue Growth (0.02) |
The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid'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 Avangrid's market value can be influenced by many factors that don't directly affect Avangrid'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 Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid'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.