Eversource Payout Ratio vs Cost of Revenue Analysis
ES Stock | USD 60.84 0.49 0.81% |
Eversource Energy financial indicator trend analysis is much more than just examining Eversource Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eversource Energy is a good investment. Please check the relationship between Eversource Energy Payout Ratio and its Cost Of Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.
Payout Ratio vs Cost Of Revenue
Payout Ratio vs Cost of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eversource Energy Payout Ratio account and Cost of Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Eversource Energy's Payout Ratio and Cost of Revenue is -0.78. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Eversource Energy, assuming nothing else is changed. The correlation between historical values of Eversource Energy's Payout Ratio and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Eversource Energy are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Payout Ratio i.e., Eversource Energy's Payout Ratio and Cost of Revenue go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Payout Ratio
Payout Ratio is the proportion of Eversource Energy earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Eversource Energy dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Eversource Energy is paying out more in dividends than it makes in net income.Cost Of Revenue
Cost of Revenue is found on Eversource Energy income statement and represents the costs associated with goods and services Eversource Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from Eversource Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eversource Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.At this time, Eversource Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 50.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 126.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.8B | 5.4B | 3.3B | 3.2B | Total Revenue | 9.9B | 12.3B | 11.9B | 6.3B |
Eversource Energy fundamental ratios Correlations
Click cells to compare fundamentals
Eversource Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eversource Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 322.9M | 339.8M | 344.6M | 347.2M | 349.6M | 208.8M | |
Total Assets | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 58.4B | |
Short Long Term Debt Total | 15.6B | 18.0B | 20.2B | 22.9B | 26.9B | 28.2B | |
Other Current Liab | 1.2B | 1.2B | 1.4B | (5.1T) | 1.7B | 1.7B | |
Total Current Liabilities | 3.6B | 4.9B | 5.8B | 6.8B | 6.3B | 6.7B | |
Total Stockholder Equity | 12.6B | 14.1B | 14.6B | 15.5B | 14.2B | 7.1B | |
Property Plant And Equipment Net | 27.6B | 30.9B | 33.4B | 36.1B | 39.6B | 41.5B | |
Net Debt | 15.6B | 17.9B | 20.2B | 22.6B | 26.8B | 28.2B | |
Retained Earnings | 4.2B | 4.6B | 5.0B | 5.5B | 4.1B | 2.2B | |
Accounts Payable | 1.1B | 1.4B | 1.7B | 2.1B | 1.9B | 2.0B | |
Cash | 15.4M | 106.6M | 66.8M | 374.6M | 53.9M | 77.2M | |
Non Current Assets Total | 38.7B | 43.0B | 45.2B | 49.0B | 51.4B | 53.9B | |
Non Currrent Assets Other | 512.2M | 583.9M | 883.8M | (5.1T) | (5.3T) | (5.0T) | |
Cash And Short Term Investments | 15.4M | 106.6M | 66.8M | 374.6M | 53.9M | 88.4M | |
Net Receivables | 1.2B | 1.4B | 1.4B | 1.8B | 1.7B | 990.3M | |
Liabilities And Stockholders Equity | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 58.4B | |
Non Current Liabilities Total | 24.7B | 27.0B | 27.9B | 30.8B | 34.9B | 41.7B | |
Inventory | 235.5M | 265.6M | 267.5M | 374.4M | 507.3M | 267.0M | |
Other Current Assets | 651.1M | 1.1B | 1.1B | 1.7B | 2.0B | 2.1B | |
Other Stockholder Equity | (148.8B) | (147.8B) | (147.7B) | (147.4B) | (157.4B) | (149.5B) | |
Total Liab | 28.3B | 31.9B | 33.7B | 37.6B | 41.3B | 43.3B | |
Property Plant And Equipment Gross | 27.6B | 30.9B | 42.8B | 46.0B | 50.0B | 52.5B | |
Total Current Assets | 2.4B | 3.1B | 3.3B | 4.2B | 4.2B | 2.1B | |
Accumulated Other Comprehensive Income | (65.1M) | (76.4M) | (42.3M) | (39.4M) | 10.1B | 10.6B | |
Short Term Debt | 1.3B | 2.3B | 2.7B | 2.8B | 2.8B | 3.0B | |
Other Liab | 10.4B | 11.2B | 10.3B | 10.6B | 12.2B | 12.8B | |
Other Assets | (30K) | 23K | (50K) | 20K | 1.0 | 0.95 | |
Long Term Debt | 13.8B | 15.1B | 17.0B | 19.7B | 24.0B | 25.2B | |
Property Plant Equipment | 27.6B | 30.9B | 33.4B | 36.1B | 41.5B | 43.6B | |
Treasury Stock | (299.1M) | (278.0M) | (250.9M) | (216.2M) | (248.7M) | (261.1M) | |
Retained Earnings Total Equity | 4.2B | 4.6B | 5.0B | 5.5B | 6.4B | 6.7B | |
Deferred Long Term Liab | 4.9B | 5.5B | 4.6B | 4.2B | 4.9B | 3.4B | |
Net Tangible Assets | 8.9B | 14.7B | 15.2B | 16.0B | 18.4B | 16.1B |
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
0.86 | D | Dominion Energy Earnings Call This Week | PairCorr |
0.8 | FE | FirstEnergy Earnings Call Tomorrow | PairCorr |
Moving against Eversource Stock
0.74 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
0.56 | 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
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.