Brookfield Net Income vs Net Income From Continuing Ops Analysis

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CAD 36.66 0.83 2.21%

Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable Corp is a good investment. Please check the relationship between Brookfield Renewable Net Income and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Net Income From Continuing Ops

Net Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Corp Net Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Brookfield Renewable's Net Income and Net Income From Continuing Ops is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Brookfield Renewable Corp, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Net Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Brookfield Renewable Corp are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Net Income i.e., Brookfield Renewable's Net Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Brookfield Renewable Corp financial statement analysis. It represents the amount of money remaining after all of Brookfield Renewable Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income From Continuing Ops

Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Brookfield Renewable's Selling General Administrative is very stable compared to the past year. As of the 19th of January 2025, Issuance Of Capital Stock is likely to grow to about 303.1 M, while Tax Provision is likely to drop about 55.9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	2.6B	2.5B	2.9B	2.1B
Total Revenue	3.8B	4.0B	4.6B	3.2B

Gross Profit Total Revenue

Brookfield Renewable fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment
Common Stock Shares Outstanding		-0.9	-0.9	-0.62	-0.8	-0.31	-0.93	-0.43	-0.89	-0.9	-0.67	-0.91	-0.89	-0.51	-0.83	-0.91	-0.94	-0.43	-0.94	0.59	0.55	-0.94	-0.91	-0.9	0.99	-0.91
Total Assets	-0.9		1.0	0.62	0.82	0.64	0.98	0.71	1.0	1.0	0.49	0.94	1.0	0.62	0.85	0.94	0.93	0.35	0.98	-0.21	-0.38	0.99	0.96	0.91	-0.85	0.97
Short Long Term Debt Total	-0.9	1.0		0.59	0.81	0.61	0.99	0.71	1.0	1.0	0.51	0.95	1.0	0.6	0.85	0.95	0.94	0.38	0.99	-0.23	-0.38	0.99	0.95	0.9	-0.86	0.99
Other Current Liab	-0.62	0.62	0.59		0.81	0.36	0.6	0.43	0.61	0.6	0.02	0.48	0.61	0.79	0.65	0.48	0.59	-0.17	0.59	-0.1	-0.69	0.63	0.63	0.81	-0.57	0.56
Total Current Liabilities	-0.8	0.82	0.81	0.81		0.5	0.78	0.57	0.81	0.81	0.11	0.73	0.81	0.91	0.93	0.73	0.77	0.2	0.78	-0.35	-0.55	0.82	0.83	0.96	-0.76	0.75
Total Stockholder Equity	-0.31	0.64	0.61	0.36	0.5		0.53	0.82	0.64	0.63	-0.08	0.54	0.64	0.51	0.57	0.54	0.53	0.26	0.52	0.39	-0.09	0.53	0.6	0.55	-0.2	0.52
Other Liab	-0.93	0.98	0.99	0.6	0.78	0.53		0.69	0.98	0.99	0.58	0.97	0.98	0.54	0.84	0.97	0.95	0.41	0.99	-0.28	-0.47	0.99	0.96	0.89	-0.89	1.0
Net Tangible Assets	-0.43	0.71	0.71	0.43	0.57	0.82	0.69		0.7	0.73	-0.02	0.7	0.7	0.54	0.7	0.7	0.65	0.38	0.61	0.28	-0.4	0.64	0.74	0.63	-0.35	0.68
Property Plant And Equipment Net	-0.89	1.0	1.0	0.61	0.81	0.64	0.98	0.7		1.0	0.49	0.93	1.0	0.62	0.84	0.93	0.93	0.33	0.98	-0.2	-0.36	0.99	0.95	0.91	-0.85	0.97
Net Debt	-0.9	1.0	1.0	0.6	0.81	0.63	0.99	0.73	1.0		0.49	0.95	1.0	0.61	0.85	0.95	0.94	0.38	0.98	-0.21	-0.4	0.99	0.96	0.91	-0.85	0.98
Accounts Payable	-0.67	0.49	0.51	0.02	0.11	-0.08	0.58	-0.02	0.49	0.49		0.62	0.49	-0.27	0.24	0.62	0.58	0.49	0.62	-0.5	-0.15	0.54	0.44	0.32	-0.7	0.59
Cash	-0.91	0.94	0.95	0.48	0.73	0.54	0.97	0.7	0.93	0.95	0.62		0.93	0.44	0.87	1.0	0.97	0.62	0.95	-0.36	-0.51	0.94	0.95	0.86	-0.88	0.95
Non Current Assets Total	-0.89	1.0	1.0	0.61	0.81	0.64	0.98	0.7	1.0	1.0	0.49	0.93		0.62	0.84	0.93	0.93	0.34	0.98	-0.2	-0.36	0.99	0.95	0.91	-0.85	0.97
Non Currrent Assets Other	-0.51	0.62	0.6	0.79	0.91	0.51	0.54	0.54	0.62	0.61	-0.27	0.44	0.62		0.76	0.44	0.49	-0.11	0.54	-0.06	-0.38	0.61	0.6	0.79	-0.46	0.53
Other Assets	-0.83	0.85	0.85	0.65	0.93	0.57	0.84	0.7	0.84	0.85	0.24	0.87	0.84	0.76		0.87	0.88	0.52	0.81	-0.39	-0.62	0.84	0.91	0.95	-0.79	0.81
Cash And Short Term Investments	-0.91	0.94	0.95	0.48	0.73	0.54	0.97	0.7	0.93	0.95	0.62	1.0	0.93	0.44	0.87		0.97	0.62	0.95	-0.36	-0.51	0.94	0.95	0.86	-0.88	0.95
Net Receivables	-0.94	0.93	0.94	0.59	0.77	0.53	0.95	0.65	0.93	0.94	0.58	0.97	0.93	0.49	0.88	0.97		0.54	0.94	-0.42	-0.6	0.94	0.98	0.89	-0.9	0.92
Good Will	-0.43	0.35	0.38	-0.17	0.2	0.26	0.41	0.38	0.33	0.38	0.49	0.62	0.34	-0.11	0.52	0.62	0.54		0.38	-0.42	-0.32	0.33	0.46	0.32	-0.42	0.39
Non Current Liabilities Total	-0.94	0.98	0.99	0.59	0.78	0.52	0.99	0.61	0.98	0.98	0.62	0.95	0.98	0.54	0.81	0.95	0.94	0.38		-0.31	-0.39	0.99	0.93	0.89	-0.91	0.99
Other Current Assets	0.59	-0.21	-0.23	-0.1	-0.35	0.39	-0.28	0.28	-0.2	-0.21	-0.5	-0.36	-0.2	-0.06	-0.39	-0.36	-0.42	-0.42	-0.31		0.39	-0.32	-0.33	-0.34	0.64	-0.24
Other Stockholder Equity	0.55	-0.38	-0.38	-0.69	-0.55	-0.09	-0.47	-0.4	-0.36	-0.4	-0.15	-0.51	-0.36	-0.38	-0.62	-0.51	-0.6	-0.32	-0.39	0.39		-0.43	-0.58	-0.6	0.53	-0.41
Total Liab	-0.94	0.99	0.99	0.63	0.82	0.53	0.99	0.64	0.99	0.99	0.54	0.94	0.99	0.61	0.84	0.94	0.94	0.33	0.99	-0.32	-0.43		0.96	0.91	-0.91	0.98
Total Current Assets	-0.91	0.96	0.95	0.63	0.83	0.6	0.96	0.74	0.95	0.96	0.44	0.95	0.95	0.6	0.91	0.95	0.98	0.46	0.93	-0.33	-0.58	0.96		0.92	-0.86	0.93
Short Term Debt	-0.9	0.91	0.9	0.81	0.96	0.55	0.89	0.63	0.91	0.91	0.32	0.86	0.91	0.79	0.95	0.86	0.89	0.32	0.89	-0.34	-0.6	0.91	0.92		-0.85	0.87
Common Stock	0.99	-0.85	-0.86	-0.57	-0.76	-0.2	-0.89	-0.35	-0.85	-0.85	-0.7	-0.88	-0.85	-0.46	-0.79	-0.88	-0.9	-0.42	-0.91	0.64	0.53	-0.91	-0.86	-0.85		-0.88
Property Plant Equipment	-0.91	0.97	0.99	0.56	0.75	0.52	1.0	0.68	0.97	0.98	0.59	0.95	0.97	0.53	0.81	0.95	0.92	0.39	0.99	-0.24	-0.41	0.98	0.93	0.87	-0.88

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Brookfield Renewable Account Relationship Matchups

Brookfield Renewable fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	172.2M	172.2M	172.2M	179.7M	161.7M	192.1M
Total Assets	39.5B	42.0B	43.3B	49.4B	56.8B	38.0B
Short Long Term Debt Total	13.7B	13.5B	15.1B	16.6B	19.1B	12.4B
Other Current Liab	(916M)	6.4B	(1.3B)	5.2B	5.9B	6.2B
Total Current Liabilities	3.3B	3.1B	3.0B	8.3B	9.6B	10.1B
Total Stockholder Equity	1.2B	3.7B	5.9B	5.8B	6.7B	5.3B
Other Liab	4.8B	5.5B	6.4B	6.5B	7.4B	4.8B
Net Tangible Assets	6.2B	(26M)	2.6B	4.9B	5.7B	3.1B
Property Plant And Equipment Net	36.1B	37.9B	37.8B	44.0B	50.6B	34.1B
Net Debt	12.5B	13.1B	14.5B	16.1B	18.6B	11.9B
Accounts Payable	3.3B	3.1B	3.0B	184M	211.6M	201.0M
Cash	355M	410M	642M	441M	507.2M	364.7M
Non Current Assets Total	37.8B	39.6B	40.1B	46.1B	53.0B	35.9B
Non Currrent Assets Other	79M	57M	(70M)	478M	549.7M	577.2M
Other Assets	197M	217M	241M	652M	749.8M	787.3M
Cash And Short Term Investments	355M	410M	642M	441M	507.2M	364.7M
Net Receivables	1.3B	2.0B	2.6B	2.1B	2.4B	1.5B
Good Will	970M	849M	1.8B	854M	982.1M	1.1B
Liabilities And Stockholders Equity	39.5B	42.0B	43.3B	49.4B	56.8B	38.0B
Non Current Liabilities Total	24.5B	24.7B	23.4B	24.0B	27.6B	19.6B
Other Current Assets	45M	83M	53M	76M	68.4M	65.9M
Other Stockholder Equity	7.0B	(4.8B)	(3.2B)	(3.5B)	(3.1B)	(3.0B)
Total Liab	27.7B	27.8B	26.5B	32.3B	37.1B	22.8B
Total Current Assets	1.7B	2.4B	3.2B	3.3B	3.8B	2.1B
Accumulated Other Comprehensive Income	7.0B	8.5B	9.1B	9.3B	10.7B	7.3B
Short Term Debt	916M	1.5B	1.3B	1.9B	2.2B	2.3B
Common Stock	2.0B	1.5B	(5.8B)	(4.8B)	(4.4B)	(4.1B)
Property Plant Equipment	32.6B	36.1B	37.9B	37.8B	43.5B	29.4B
Current Deferred Revenue	558M	(8.5B)	(7.9B)	1.1B	960.3M	1.0B
Long Term Debt	12.8B	13.5B	13.8B	14.2B	16.3B	11.9B
Capital Lease Obligations	392M	371M	364M	501M	576.2M	310.6M
Inventory	22M	20M	18M	65M	58.5M	57.6M
Net Invested Capital	14.0B	17.2B	19.7B	21.9B	25.1B	18.2B
Long Term Investments	372M	455M	451M	644M	740.6M	469.5M
Short Long Term Debt	886M	1.5B	1.3B	1.9B	2.2B	1.1B
Non Current Liabilities Other	7.4B	6.2B	4.4B	94M	108.1M	102.7M
Net Working Capital	(8.4B)	(700M)	187M	(5.0B)	(4.5B)	(4.3B)
Property Plant And Equipment Gross	36.1B	37.9B	37.8B	44.0B	50.6B	39.2B
Intangible Assets	233M	218M	208M	7M	6.3M	6.0M

Pair Trading with Brookfield Renewable

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 Brookfield Renewable 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 Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.

Moving together with Brookfield Stock

0.69

BCE

BCE Inc

Pair Corr

Moving against Brookfield Stock

0.77	RKV	Rakovina Therapeutics	Pair Corr
0.72	NURS	Hydreight Technologies	Pair Corr
0.71	XX	Avante Logixx	Pair Corr
0.7	PBY-UN	Canso Credit Trust	Pair Corr
0.66	HOT-U	American Hotel Income	Pair Corr

The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable 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 Brookfield Renewable - 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 Brookfield Renewable Corp to buy it.

The correlation of Brookfield Renewable 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 Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable Corp 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 Brookfield Renewable 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.

Pair Correlation Correlation Matching

When determining whether Brookfield Renewable Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brookfield Renewable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Brookfield Renewable Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brookfield Renewable Corp Stock:

How To Invest In Brookfield

Details

Is Brookfield Stock a good investment?

Details

What is Brookfield Renewable's Net Worth?

Details

Largest Independent Power and Renewable Electricity Producers Companies

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Largest Utilities - Renewable Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Please note, there is a significant difference between Brookfield Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Renewable'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.

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Brookfield Net Income vs Net Income From Continuing Ops Analysis

Net Income vs Net Income From Continuing Ops

Net Income vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Net Income

Net Income From Continuing Ops

Brookfield Renewable fundamental ratios Correlations

Brookfield Renewable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Brookfield Renewable fundamental ratios Accounts

Pair Trading with Brookfield Renewable

Moving together with Brookfield Stock

Moving against Brookfield Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total

Total Liab	- 0.94	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.94	Common Stock Shares Outstanding
Net Receivables	- 0.94	Common Stock Shares Outstanding
Other Liab	- 0.93	Common Stock Shares Outstanding
Common Stock	- 0.91	Total Liab
Common Stock	- 0.91	Non Current Liabilities Total