Entergy Louisiana Llc Stock Filter Stocks by Fundamentals
Entergy Louisiana LLC fundamentals help investors to digest information that contributes to Entergy Louisiana's financial success or failures. It also enables traders to predict the movement of Entergy Stock. The fundamental analysis module provides a way to measure Entergy Louisiana's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Entergy Louisiana stock.
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Entergy Fundamentals
| Return On Equity | 6.32 | |||
| Return On Asset | 2.79 | |||
| Profit Margin | 7.50 % | |||
| Operating Margin | 18.64 % | |||
| Revenue | 4.45 B | |||
| Gross Profit | 1.51 B | |||
| EBITDA | 1.41 B | |||
| Net Income | 333.56 M | |||
| Cash And Equivalents | 562.29 M | |||
| Total Debt | 7 B | |||
| Debt To Equity | 129.20 % | |||
| Current Ratio | 1.00 X | |||
| Cash Flow From Operations | 1.33 B | |||
| Number Of Employees | 1.71 K |
Pair Trading with Entergy Louisiana
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 Entergy Louisiana 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 Entergy Louisiana will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp 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 NetApp - 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 NetApp Inc to buy it.
The correlation of NetApp 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 NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc 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 NetApp 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Entergy Stock
If you are still planning to invest in Entergy Louisiana LLC check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Entergy Louisiana's history and understand the potential risks before investing.
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