Nextera Net Income vs Begin Period Cash Flow 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 Net Income and its Begin Period Cash Flow 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.
Net Income vs Begin Period Cash Flow
Net Income vs Begin Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nextera Energy Partners Net Income account and Begin Period Cash Flow. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Nextera Energy's Net Income and Begin Period Cash Flow is 0.15. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Begin Period Cash Flow 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 Net Income and Begin Period Cash Flow 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 Nextera Energy Partners are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Net Income i.e., Nextera Energy's Net Income and Begin Period Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Nextera Energy Partners financial statement analysis. It represents the amount of money remaining after all of Nextera Energy Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.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
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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
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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.