Emera Pref Shares Outstanding vs. Return On Equity
| EMA-PA Preferred Stock | CAD 16.25 0.10 0.62% |
For Emera Pref profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Emera Pref to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Emera Pref A utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Emera Pref's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Emera Pref A over time as well as its relative position and ranking within its peers.
Emera |
Emera Pref A Return On Equity vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Emera Pref's current stock value. Our valuation model uses many indicators to compare Emera Pref value to that of its competitors to determine the firm's financial worth. Emera Pref A is one of the top stocks in shares outstanding category among its peers. It also is one of the top stocks in return on equity category among its peers . The ratio of Shares Outstanding to Return On Equity for Emera Pref A is about 2,872,996,301 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Emera Pref by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Emera Pref's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Emera Return On Equity vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Emera Pref |
| = | 233 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Emera Pref |
| = | 0.0811 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Emera Return On Equity Comparison
Emera Pref is currently under evaluation in return on equity category among its peers.
Emera Pref Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Emera Pref, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Emera Pref will eventually generate negative long term returns. The profitability progress is the general direction of Emera Pref's change in net profit over the period of time. It can combine multiple indicators of Emera Pref, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. Emera Incorporated was founded in 1919 and is headquartered in Halifax, Canada. EMERA INC operates under Utilities - Diversified classification in Canada and is traded on Toronto Stock Exchange. It employs 7523 people.
Emera Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Emera Pref. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Emera Pref position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Emera Pref's important profitability drivers and their relationship over time.
Use Emera Pref in pair-trading
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 Emera Pref 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 Emera Pref will appreciate offsetting losses from the drop in the long position's value.Emera Pref Pair Trading
Emera Pref A Pair Trading Analysis
The ability to find closely correlated positions to Emera Pref could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera Pref 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 Emera Pref - 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 Emera Pref A to buy it.
The correlation of Emera Pref 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 Emera Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Pref A 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 Emera Pref 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.Use Investing Themes to Complement your Emera Pref position
In addition to having Emera Pref in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Emera Preferred Stock
To fully project Emera Pref's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Emera Pref A at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Emera Pref's income statement, its balance sheet, and the statement of cash flows.