Northwest Return On Capital Employed from 2010 to 2024
| NWN Stock | USD 43.34 0.05 0.12% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.04434808 | Current Value 0.0794 | Quarterly Volatility 0.01393361 |
Check Northwest Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northwest Natural's main balance sheet or income statement drivers, such as Interest Expense of 80.4 M, Total Revenue of 695.7 M or Gross Profit of 329.4 M, as well as many indicators such as Price To Sales Ratio of 1.12, Dividend Yield of 0.0459 or PTB Ratio of 1.3. Northwest financial statements analysis is a perfect complement when working with Northwest Natural Valuation or Volatility modules.
Northwest | Return On Capital Employed |
Latest Northwest Natural's Return On Capital Employed Growth Pattern
Below is the plot of the Return On Capital Employed of Northwest Natural Gas over the last few years. It is Northwest Natural's Return On Capital Employed historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Northwest Natural's overall financial position and show how it may be relating to other accounts over time.
| Return On Capital Employed | 10 Years Trend |
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Return On Capital Employed |
| Timeline |
Northwest Return On Capital Employed Regression Statistics
| Arithmetic Mean | 0.06 | |
| Geometric Mean | 0.05 | |
| Coefficient Of Variation | 24.92 | |
| Mean Deviation | 0.01 | |
| Median | 0.05 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0002 | |
| Range | 0.0511 | |
| R-Value | (0.39) | |
| Mean Square Error | 0.0002 | |
| R-Squared | 0.15 | |
| Significance | 0.15 | |
| Slope | (0) | |
| Total Sum of Squares | 0 |
Northwest Return On Capital Employed History
About Northwest Natural Financial Statements
Northwest Natural investors utilize fundamental indicators, such as Return On Capital Employed, to predict how Northwest Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.04 | 0.08 |
Pair Trading with Northwest Natural
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 Northwest Natural 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 Northwest Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Northwest Stock
| 0.83 | NI | NiSource | PairCorr |
| 0.83 | SR | Spire Inc | PairCorr |
| 0.79 | ATO | Atmos Energy | PairCorr |
| 0.89 | BKH | Black Hills | PairCorr |
| 0.89 | CPK | Chesapeake Utilities | PairCorr |
Moving against Northwest Stock
| 0.46 | ES | Eversource Energy | PairCorr |
| 0.39 | ED | Consolidated Edison Sell-off Trend | PairCorr |
| 0.34 | FE | FirstEnergy | PairCorr |
The ability to find closely correlated positions to Northwest Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northwest Natural 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 Northwest Natural - 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 Northwest Natural Gas to buy it.
The correlation of Northwest Natural 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 Northwest Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northwest Natural Gas 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 Northwest Natural 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 Northwest Natural Correlation against competitors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Gas Utilities space 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 Northwest Natural. If investors know Northwest 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 Northwest Natural 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 (0.16) | Dividend Share 1.95 | Earnings Share 2.1 | Revenue Per Share 29.929 | Quarterly Revenue Growth (0.03) |
The market value of Northwest Natural Gas is measured differently than its book value, which is the value of Northwest that is recorded on the company's balance sheet. Investors also form their own opinion of Northwest Natural's value that differs from its market value or its book value, called intrinsic value, which is Northwest Natural'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 Northwest Natural's market value can be influenced by many factors that don't directly affect Northwest Natural'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 Northwest Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northwest Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northwest Natural'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.