Entergy Stock Beneish M Score
| ETR Stock | USD 84.64 0.02 0.02% |
Entergy |
At this time, Entergy's M Score is unavailable. The earnings manipulation may begin if Entergy's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Entergy executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Entergy's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unavailable
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About Entergy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Entergy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Entergy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Entergy 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 Entergy
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 Entergy 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 Entergy will appreciate offsetting losses from the drop in the long position's value.Moving together with Entergy Stock
| 0.62 | ED | Consolidated Edison | PairCorr |
| 0.82 | ES | Eversource Energy | PairCorr |
| 0.68 | HE | Hawaiian Electric | PairCorr |
Moving against Entergy Stock
| 0.83 | VSTE | Vast Renewables | PairCorr |
| 0.77 | EIX | Edison International | PairCorr |
| 0.62 | EDN | Empresa Distribuidora | PairCorr |
| 0.49 | GNE | Genie Energy | PairCorr |
The ability to find closely correlated positions to Entergy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy 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 Entergy - 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 Entergy to buy it.
The correlation of Entergy 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 Entergy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy 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 Entergy 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.Additional Tools for Entergy Stock Analysis
When running Entergy's price analysis, check to measure Entergy'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 Entergy is operating at the current time. Most of Entergy's value examination focuses on studying past and present price action to predict the probability of Entergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy's price. Additionally, you may evaluate how the addition of Entergy to your portfolios can decrease your overall portfolio volatility.