Emera Pref Number Of Shares Shorted vs. Current Valuation
| EMA-PF Preferred Stock | CAD 20.37 0.39 1.95% |
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 F 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 F over time as well as its relative position and ranking within its peers.
Emera |
Emera Pref F Current Valuation vs. Number Of Shares Shorted 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 F is one of the top stocks in number of shares shorted category among its peers. It also is rated as one of the top companies in current valuation category among its peers reporting about 1,022,307 of Current Valuation per Number Of Shares Shorted. 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 Current Valuation vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Emera Pref |
| = | 25.61 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Emera Pref |
| = | 26.18 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Emera Current Valuation vs Competition
Emera Pref F is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities industry is currently estimated at about 141.78 Billion. Emera Pref retains roughly 26.18 Billion in current valuation claiming about 18% of Utilities industry.
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 F 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 F 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 F 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?
Run Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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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 F 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.