Connecticut Financial Statements From 2010 to 2024
| CNTHO Stock | USD 46.00 0.00 0.00% |
Check Connecticut Light financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Connecticut Light's main balance sheet or income statement drivers, such as , as well as many indicators such as . Connecticut financial statements analysis is a perfect complement when working with Connecticut Light Valuation or Volatility modules.
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The Connecticut Light Company Operating Margin Analysis
Connecticut Light's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Connecticut Light Operating Margin | 0.18 % |
Most of Connecticut Light's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Connecticut Light is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Based on the recorded statements, The Connecticut Light has an Operating Margin of 0.1834%. This is 99.08% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Electric industry. The operating margin for all United States stocks is 103.33% lower than that of the firm.
Connecticut Light Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Connecticut Light's current stock value. Our valuation model uses many indicators to compare Connecticut Light value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Connecticut Light competition to find correlations between indicators driving Connecticut Light's intrinsic value. More Info.The Connecticut Light is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.38 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for The Connecticut Light is roughly 2.65 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Connecticut Light by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Connecticut Light's Pink Sheet. 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.About Connecticut Light Financial Statements
Connecticut Light investors utilize fundamental indicators, such as revenue or net income, to predict how Connecticut Pink Sheet might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The Connecticut Light and Power Company, a regulated electric utility, engages in the purchase, delivery, and sale of electricity to residential, commercial, and industrial customers. The Connecticut Light and Power Company is a subsidiary of Eversource Energy. Conn Lt is traded on OTC Exchange in the United States.
Pair Trading with Connecticut Light
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 Connecticut Light 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 Connecticut Light will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Connecticut Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Light 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 Connecticut Light - 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 The Connecticut Light to buy it.
The correlation of Connecticut Light 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 Connecticut Light moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Light 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 Connecticut Light 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.Other Information on Investing in Connecticut Pink Sheet
Connecticut Light financial ratios help investors to determine whether Connecticut Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Connecticut with respect to the benefits of owning Connecticut Light security.