Financial data analysis helps to validate if markets are presently mispricing Hydro One. We were able to interpolate and analyze data for thirty-seven available reported financial drivers for Hydro One, which can be compared to its competitors. The stock experiences a moderate upward volatility. Check odds of Hydro One to be traded at C$53.31 in 90 days. Key indicators impacting Hydro One's financial strength include:
Understanding current and past Hydro One Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Hydro One's financial statements are interrelated, with each one affecting the others. For example, an increase in Hydro One's assets may result in an increase in income on the income statement.
Hydro One competes with Canadian Utilities, Fortis, Emera, Algonquin Power, and Northland Power. Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada. HYDRO ONE operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 5708 people.
You should never invest in Hydro One without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Hydro Stock, because this is throwing your money away. Analyzing the key information contained in Hydro One's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Hydro One Key Financial Ratios
Hydro One's financial ratios allow both analysts and investors to convert raw data from Hydro One's financial statements into concise, actionable information that can be used to evaluate the performance of Hydro One over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Hydro One's current stock value. Our valuation model uses many indicators to compare Hydro One value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hydro One competition to find correlations between indicators driving Hydro One's intrinsic value. More Info.
Hydro One is one of the top stocks in return on equity category among its peers. It is rated # 2 in return on asset category among its peers reporting about 0.36 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Hydro One is roughly 2.75 . At this time, Hydro One's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hydro One by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hydro One's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Hydro One Systematic Risk
Hydro One's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hydro One volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Hydro One correlated with the market. If Beta is less than 0 Hydro One generally moves in the opposite direction as compared to the market. If Hydro One Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hydro One is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hydro One is generally in the same direction as the market. If Beta > 1 Hydro One moves generally in the same direction as, but more than the movement of the benchmark.
Hydro One Total Assets Over Time
Hydro One Thematic Clasifications
Hydro One is part of Utilities investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Utilities industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Utilities industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Hydro One Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hydro One's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Hydro One growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Hydro One help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hydro One. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hydro One based on widely used predictive technical indicators. In general, we focus on analyzing Hydro Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hydro One's daily price indicators and compare them against related drivers.
Hydro One financial ratios help investors to determine whether Hydro Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hydro with respect to the benefits of owning Hydro One security.