Edp Renovaveis Stock Return On Asset
| EDPR Stock | EUR 12.65 0.22 1.71% |
EDP Renovaveis fundamentals help investors to digest information that contributes to EDP Renovaveis' financial success or failures. It also enables traders to predict the movement of EDP Stock. The fundamental analysis module provides a way to measure EDP Renovaveis' 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 EDP Renovaveis stock.
EDP |
EDP Renovaveis Company Return On Asset Analysis
EDP Renovaveis' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current EDP Renovaveis Return On Asset | 0.0194 |
Most of EDP Renovaveis' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EDP Renovaveis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, EDP Renovaveis has a Return On Asset of 0.0194. This is 99.2% lower than that of the Independent Power and Renewable Electricity Producers sector and 99.43% lower than that of the Utilities industry. The return on asset for all Portugal stocks is 113.86% lower than that of the firm.
EDP Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EDP Renovaveis' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EDP Renovaveis could also be used in its relative valuation, which is a method of valuing EDP Renovaveis by comparing valuation metrics of similar companies.EDP Renovaveis is currently under evaluation in return on asset category among related companies.
EDP Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0194 | |||
| Profit Margin | 0.44 % | |||
| Operating Margin | 0.36 % | |||
| Current Valuation | 27.65 B | |||
| Shares Outstanding | 960.56 M | |||
| Shares Owned By Insiders | 74.97 % | |||
| Shares Owned By Institutions | 18.59 % | |||
| Price To Book | 2.46 X | |||
| Price To Sales | 9.97 X | |||
| Revenue | 1.76 B | |||
| Gross Profit | 1.27 B | |||
| EBITDA | 1.78 B | |||
| Net Income | 655.44 M | |||
| Total Debt | 3.48 B | |||
| Book Value Per Share | 9.20 X | |||
| Cash Flow From Operations | 811.49 M | |||
| Earnings Per Share | 0.82 X | |||
| Price To Earnings To Growth | 4.78 X | |||
| Target Price | 23.6 | |||
| Number Of Employees | 2.97 K | |||
| Beta | 0.51 | |||
| Market Capitalization | 19.2 B | |||
| Total Asset | 22.03 B | |||
| Z Score | 3.0 | |||
| Annual Yield | 0 % | |||
| Net Asset | 22.03 B |
About EDP Renovaveis Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EDP Renovaveis's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EDP Renovaveis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EDP Renovaveis 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 EDP Renovaveis
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 EDP Renovaveis 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 EDP Renovaveis will appreciate offsetting losses from the drop in the long position's value.Moving against EDP Stock
| 0.49 | GVOLT | Greenvolt Energias | PairCorr |
The ability to find closely correlated positions to EDP Renovaveis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDP Renovaveis 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 EDP Renovaveis - 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 EDP Renovaveis to buy it.
The correlation of EDP Renovaveis 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 EDP Renovaveis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDP Renovaveis 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 EDP Renovaveis 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, which includes a position in EDP Renovaveis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for EDP Stock analysis
When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 EDP Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |