Eversource Energy Stock Filter Stocks by Fundamentals
| ES Stock | USD 58.51 1.31 2.29% |
Eversource Energy fundamentals help investors to digest information that contributes to Eversource Energy's financial success or failures. It also enables traders to predict the movement of Eversource Stock. The fundamental analysis module provides a way to measure Eversource Energy'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 Eversource Energy stock.
Eversource | Number_of_Shares_Shorted |
Eversource Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eversource Energy from analyzing Eversource Energy's financial statements. These drivers represent accounts that assess Eversource Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eversource Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 27.3B | 29.3B | 31.3B | 29.1B | 21.6B | 22.7B | |
| Enterprise Value | 42.9B | 47.2B | 51.4B | 51.6B | 48.4B | 50.8B |
Eversource Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Eversource Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Eversource Energy's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Eversource Fundamentals
| Return On Equity | -0.029 | ||||
| Return On Asset | 0.0291 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 46.98 B | ||||
| Shares Outstanding | 350.73 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 83.60 % | ||||
| Number Of Shares Shorted | 4.74 M | ||||
| Price To Earning | 20.33 X | ||||
| Price To Book | 1.45 X | ||||
| Price To Sales | 1.73 X | ||||
| Revenue | 11.91 B | ||||
| Gross Profit | 5.41 B | ||||
| EBITDA | 3.22 B | ||||
| Net Income | (442.24 M) | ||||
| Cash And Equivalents | 327.01 M | ||||
| Cash Per Share | 1.39 X | ||||
| Total Debt | 26.88 B | ||||
| Debt To Equity | 1.44 % | ||||
| Current Ratio | 0.71 X | ||||
| Book Value Per Share | 40.55 X | ||||
| Cash Flow From Operations | 1.65 B | ||||
| Short Ratio | 1.74 X | ||||
| Earnings Per Share | (1.27) X | ||||
| Price To Earnings To Growth | 2.01 X | ||||
| Target Price | 66.63 | ||||
| Number Of Employees | 10.17 K | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 20.06 B | ||||
| Total Asset | 55.61 B | ||||
| Retained Earnings | 4.14 B | ||||
| Working Capital | (2.09 B) | ||||
| Current Asset | 2.62 B | ||||
| Current Liabilities | 2.99 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 2.77 % | ||||
| Net Asset | 55.61 B | ||||
| Last Dividend Paid | 2.7 |
About Eversource Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eversource Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eversource Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eversource Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Eversource Energy
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 Eversource Energy 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 Eversource Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Eversource Stock
| 0.85 | D | Dominion Energy Buyout Trend | PairCorr |
| 0.79 | FE | FirstEnergy Financial Report 25th of April 2024 | PairCorr |
Moving against Eversource Stock
| 0.73 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.52 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eversource Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eversource Energy 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 Eversource Energy - 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 Eversource Energy to buy it.
The correlation of Eversource Energy 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 Eversource Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eversource Energy 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 Eversource Energy 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 Eversource Energy Piotroski F Score and Eversource Energy Altman Z Score analysis. For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Eversource Stock analysis
When running Eversource Energy's price analysis, check to measure Eversource Energy'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 Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.
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Is Eversource Energy'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 Eversource Energy. If investors know Eversource 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 Eversource Energy 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 (0.03) | Dividend Share 2.7 | Earnings Share (1.27) | Revenue Per Share 34.071 | Quarterly Revenue Growth (0.11) |
The market value of Eversource Energy is measured differently than its book value, which is the value of Eversource that is recorded on the company's balance sheet. Investors also form their own opinion of Eversource Energy's value that differs from its market value or its book value, called intrinsic value, which is Eversource Energy'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 Eversource Energy's market value can be influenced by many factors that don't directly affect Eversource Energy'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 Eversource Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eversource Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eversource Energy'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.