Equitrans Return on Average Equity from 2010 to 2024
| ETRN Stock | USD 12.25 0.02 0.16% |
Check Equitrans Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Equitrans main balance sheet or income statement drivers, such as Interest Income of 112.2 M, Depreciation And Amortization of 251.7 M or Interest Expense of 238.6 M, as well as many exotic indicators such as Price To Sales Ratio of 4.4, Dividend Yield of 0.0685 or PTB Ratio of 2.69. Equitrans financial statements analysis is a perfect complement when working with Equitrans Midstream Valuation or Volatility modules.
Equitrans | Return on Average Equity |
About Equitrans Midstream Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Equitrans Midstream income statement, its balance sheet, and the statement of cash flows. Equitrans Midstream investors use historical funamental indicators, such as Equitrans Midstream's Return on Average Equity, to determine how well the company is positioned to perform in the future. Although Equitrans Midstream investors may use each financial statement separately, they are all related. The changes in Equitrans Midstream's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Equitrans Midstream'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 Equitrans Midstream Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Equitrans Midstream. Please read more on our technical analysis and fundamental analysis pages.
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania. Equitrans Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 766 people.
Pair Trading with Equitrans Midstream
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 Equitrans Midstream 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 Equitrans Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Equitrans Stock
| 0.88 | AM | Antero Midstream Partners Earnings Call This Week | PairCorr |
| 0.85 | ET | Energy Transfer LP Financial Report 7th of May 2024 | PairCorr |
Moving against Equitrans Stock
| 0.66 | TK | Teekay | PairCorr |
| 0.66 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.66 | CQP | Cheniere Energy Partners Financial Report 7th of May 2024 | PairCorr |
| 0.61 | PBT | Permian Basin Royalty | PairCorr |
| 0.45 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Equitrans Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitrans Midstream 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 Equitrans Midstream - 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 Equitrans Midstream Corp to buy it.
The correlation of Equitrans Midstream 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 Equitrans Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equitrans Midstream Corp 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 Equitrans Midstream 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 Equitrans Midstream Correlation against competitors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Equitrans Stock analysis
When running Equitrans Midstream's price analysis, check to measure Equitrans Midstream'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 Equitrans Midstream is operating at the current time. Most of Equitrans Midstream's value examination focuses on studying past and present price action to predict the probability of Equitrans Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equitrans Midstream's price. Additionally, you may evaluate how the addition of Equitrans Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Equitrans Midstream'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 Equitrans Midstream. If investors know Equitrans 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 Equitrans Midstream 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 1.061 | Dividend Share 0.6 | Earnings Share 0.89 | Revenue Per Share 3.212 | Quarterly Revenue Growth 0.015 |
The market value of Equitrans Midstream Corp is measured differently than its book value, which is the value of Equitrans that is recorded on the company's balance sheet. Investors also form their own opinion of Equitrans Midstream's value that differs from its market value or its book value, called intrinsic value, which is Equitrans Midstream'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 Equitrans Midstream's market value can be influenced by many factors that don't directly affect Equitrans Midstream'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 Equitrans Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equitrans Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equitrans Midstream'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.