Clearway Cash from 2010 to 2024
| CWEN Stock | USD 28.70 0.35 1.23% |
Cash | First Reported 2011-12-31 | Previous Quarter 570 M | Current Value 292 M | Quarterly Volatility 233.6 M |
Check Clearway Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Clearway Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 387.2 M, Interest Expense of 245.9 M or Selling General Administrative of 23.2 M, as well as many indicators such as Price To Sales Ratio of 3.31, Dividend Yield of 0.14 or PTB Ratio of 1.13. Clearway financial statements analysis is a perfect complement when working with Clearway Energy Valuation or Volatility modules.
Clearway | Cash |
Latest Clearway Energy's Cash Growth Pattern
Below is the plot of the Cash of Clearway Energy Class over the last few years. Cash refers to the most liquid asset of Clearway Energy Class, which is listed under current asset account on Clearway Energy Class balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Clearway Energy customers. The amounts must be unrestricted with restricted cash listed in a different Clearway Energy account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Clearway Energy's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Clearway Energy's overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
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Cash |
| Timeline |
Clearway Cash Regression Statistics
| Arithmetic Mean | 237,684,615 | |
| Geometric Mean | 145,713,196 | |
| Coefficient Of Variation | 82.84 | |
| Mean Deviation | 160,330,256 | |
| Median | 179,000,000 | |
| Standard Deviation | 196,906,439 | |
| Sample Variance | 38772.1T | |
| Range | 635M | |
| R-Value | 0.68 | |
| Mean Square Error | 22632.7T | |
| R-Squared | 0.46 | |
| Significance | 0.01 | |
| Slope | 29,796,016 | |
| Total Sum of Squares | 542810T |
Clearway Cash History
Other Fundumenentals of Clearway Energy Class
Clearway Energy Cash component correlations
Click cells to compare fundamentals
About Clearway Energy Financial Statements
Clearway Energy investors utilize fundamental indicators, such as Cash, to predict how Clearway Stock 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.
Pair Trading with Clearway 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 Clearway 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 Clearway Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Clearway Stock
| 0.55 | WAVE | Eco Wave Power Upward Rally | PairCorr |
| 0.54 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.53 | ELLO | Ellomay Capital | PairCorr |
| 0.36 | STEM | Stem Inc | PairCorr |
| 0.34 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Clearway 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 Clearway 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 Clearway 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 Clearway Energy Class to buy it.
The correlation of Clearway 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 Clearway Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearway Energy Class 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 Clearway 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.Check out the analysis of Clearway Energy Correlation against competitors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearway Energy. If investors know Clearway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearway Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.924 | Dividend Share 1.627 | Earnings Share 1.03 | Revenue Per Share 11.584 | Quarterly Revenue Growth 0.31 |
The market value of Clearway Energy Class is measured differently than its book value, which is the value of Clearway that is recorded on the company's balance sheet. Investors also form their own opinion of Clearway Energy's value that differs from its market value or its book value, called intrinsic value, which is Clearway Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearway Energy's market value can be influenced by many factors that don't directly affect Clearway Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clearway Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearway Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearway Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.