Ninepoint Energy Fund Five Year Return
| 0P0000732C | CAD 27.78 0.05 0.18% |
Ninepoint Energy fundamentals help investors to digest information that contributes to Ninepoint Energy's financial success or failures. It also enables traders to predict the movement of Ninepoint Fund. The fundamental analysis module provides a way to measure Ninepoint Energy's 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 Ninepoint Energy fund.
Ninepoint |
Ninepoint Energy Fund Five Year Return Analysis
Ninepoint Energy's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Ninepoint Energy Five Year Return | (27.79) % |
Most of Ninepoint Energy's fundamental indicators, such as Five Year Return, 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, Ninepoint Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
| Competition |
According to the company disclosure, Ninepoint Energy has a Five Year Return of -27.79%. This is much lower than that of the Ninepoint Partners LP family and significantly lower than that of the Energy Equity category. The five year return for all Canada funds is notably higher than that of the company.
Ninepoint Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ninepoint Energy's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Ninepoint Energy could also be used in its relative valuation, which is a method of valuing Ninepoint Energy by comparing valuation metrics of similar companies.Ninepoint Energy is the top fund in five year return among similar funds.
Ninepoint Fundamentals
| Total Asset | 84.45 M | |||
| One Year Return | (58.18) % | |||
| Three Year Return | (35.32) % | |||
| Five Year Return | (27.79) % | |||
| Ten Year Return | (14.20) % | |||
| Net Asset | 84.45 M | |||
| Minimum Initial Investment | 1 K |
About Ninepoint Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ninepoint Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ninepoint Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ninepoint Energy based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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 Ninepoint 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 Ninepoint 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 Ninepoint Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Ninepoint Fund
| 0.74 | 0P00007065 | RBC mondial dnergie | PairCorr |
The ability to find closely correlated positions to Ninepoint 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 Ninepoint 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 Ninepoint 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 Ninepoint Energy to buy it.
The correlation of Ninepoint 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 Ninepoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint 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 Ninepoint 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.Other Information on Investing in Ninepoint Fund
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Fund 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 Ninepoint with respect to the benefits of owning Ninepoint Energy security.
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