Nextera Dividends Paid vs Other Non Cash Items Analysis
NEP Stock | USD 17.86 0.05 0.28% |
Nextera Energy financial indicator trend analysis is infinitely more than just investigating Nextera Energy Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nextera Energy Partners is a good investment. Please check the relationship between Nextera Energy Dividends Paid and its Other Non Cash Items accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.
Dividends Paid vs Other Non Cash Items
Dividends Paid vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextera Energy Partners Dividends Paid account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Nextera Energy's Dividends Paid and Other Non Cash Items is -0.14. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Nextera Energy Partners, assuming nothing else is changed. The correlation between historical values of Nextera Energy's Dividends Paid and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Nextera Energy Partners are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Dividends Paid i.e., Nextera Energy's Dividends Paid and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Other Non Cash Items
Most indicators from Nextera Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nextera Energy Partners 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextera Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.At this time, Nextera Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/16/2024, Issuance Of Capital Stock is likely to grow to about 330.8 M, while Tax Provision is likely to drop slightly above 8.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 47M | 853M | 394M | 320.6M | Depreciation And Amortization | 405M | 573M | 635M | 666.8M |
Nextera Energy fundamental ratios Correlations
Click cells to compare fundamentals
Nextera Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nextera Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.3B | 12.6B | 18.9B | 23.1B | 22.5B | 11.7B | |
Short Long Term Debt Total | 4.1B | 3.4B | 5.3B | 5.3B | 6.3B | 4.1B | |
Other Current Liab | 48M | 173M | 221M | 390M | 213M | 138.6M | |
Total Current Liabilities | 301M | 350M | 1.3B | 1.3B | 1.7B | 1.8B | |
Other Liab | 299M | 347M | 639M | 1.7B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 7.0B | 7.2B | 11.4B | 15.0B | 14.8B | 7.7B | |
Current Deferred Revenue | 119M | 113M | 155M | 195M | 224.3M | 235.5M | |
Net Debt | 4.0B | 3.3B | 5.2B | 5.1B | 6.0B | 3.9B | |
Retained Earnings | (3.8B) | (2.4B) | (4.2B) | 1.1B | 1.0B | 1.1B | |
Accounts Payable | 122M | 143M | 982M | 867M | 67M | 63.7M | |
Non Current Assets Total | 11.8B | 12.1B | 17.5B | 21.2B | 20.3B | 10.9B | |
Non Currrent Assets Other | 137M | 131M | 272M | 702M | 785M | 824.3M | |
Other Assets | 255M | 2.8B | 594M | 897M | 1.0B | 584.0M | |
Long Term Debt | 4.1B | 3.4B | 5.3B | 5.3B | 4.9B | 3.8B | |
Net Receivables | 269M | 266M | 1.2B | 117M | 1.8B | 1.8B | |
Common Stock Shares Outstanding | 58.8M | 68.4M | 77.4M | 84.9M | 91.6M | 57.5M | |
Short Term Investments | 10M | 7M | 1.8B | 1M | 1.2M | 1.1M | |
Liabilities And Stockholders Equity | 10.1B | 10.2B | 16.0B | 19.7B | 22.5B | 23.6B | |
Non Current Liabilities Total | 4.9B | 4.5B | 6.5B | 6.9B | 6.8B | 4.8B | |
Inventory | 20M | 24M | 41M | 51M | 82M | 86.1M | |
Other Current Assets | 36M | 16M | 25M | 1.4B | 107M | 161.0M | |
Other Stockholder Equity | 2.0B | (2.4B) | (3.0B) | (3.3B) | (3.0B) | (2.8B) | |
Total Liab | 5.2B | 4.9B | 7.8B | 8.3B | 8.5B | 5.5B | |
Property Plant And Equipment Gross | 7.0B | 7.2B | 11.4B | 14.9B | 17.3B | 18.2B | |
Total Current Assets | 433M | 414M | 1.4B | 1.9B | 2.2B | 2.3B | |
Property Plant Equipment | 7.0B | 7.2B | 11.4B | 14.9B | 17.2B | 18.1B | |
Net Tangible Assets | 7.1B | 7.7B | (714M) | 14.8B | 17.0B | 17.8B | |
Long Term Investments | 1.7B | 1.8B | 1.9B | 1.9B | 1.9B | 1.1B | |
Intangible Assets | 2.3B | 2.2B | 2.8B | 2.5B | 2.0B | 1.7B | |
Common Stock | 2.0B | 2.4B | 3.0B | 3.3B | 3.6B | 2.3B | |
Long Term Debt Total | 4.1B | 3.4B | 5.3B | 5.3B | 6.0B | 4.4B | |
Non Current Liabilities Other | 4.9B | 4.5B | 372M | 1.3B | 1.5B | 2.7B |
Pair Trading with Nextera 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 Nextera 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 Nextera Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextera Stock
Moving against Nextera Stock
0.92 | GEV | GE Vernova LLC | PairCorr |
0.81 | ELLO | Ellomay Capital | PairCorr |
0.79 | ADN | Advent Technologies | PairCorr |
0.79 | NRGV | Energy Vault Holdings | PairCorr |
0.74 | AY | Atlantica Sustainable | PairCorr |
The ability to find closely correlated positions to Nextera 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 Nextera 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 Nextera 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 Nextera Energy Partners to buy it.
The correlation of Nextera 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 Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy Partners 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 Nextera 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.Additional Tools for Nextera Stock Analysis
When running Nextera Energy's price analysis, check to measure Nextera Energy'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 Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.