Entergy Return On Equity from 2010 to 2024

ENO Stock  USD 23.42  0.02  0.09%   
Entergy New Return On Equity yearly trend continues to be very stable with very little volatility. Return On Equity is likely to grow to 0.30 this year. Return On Equity is a measure of the profitability of Entergy New Orleans in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
0.28377672
Current Value
0.3
Quarterly Volatility
0.78862799
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Entergy New financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Entergy New's main balance sheet or income statement drivers, such as Depreciation And Amortization of 77.2 M, Total Revenue of 801.7 M or Gross Profit of 271.1 M, as well as many indicators such as Price To Sales Ratio of 5.99, Dividend Yield of 0.0234 or PTB Ratio of 6.26. Entergy financial statements analysis is a perfect complement when working with Entergy New Valuation or Volatility modules.
  
Check out the analysis of Entergy New Correlation against competitors.

Latest Entergy New's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of Entergy New Orleans over the last few years. Return on Equity is the amount of Entergy New Orleans net income returned as a percentage of Entergy New equity. Return on equity measures Entergy New profitability by revealing how much profit Entergy New Orleans generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Entergy New's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Entergy New's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.093410 Years Trend
Slightly volatile
   Return On Equity   
       Timeline  

Entergy Return On Equity Regression Statistics

Arithmetic Mean(0.09)
Coefficient Of Variation(924.46)
Mean Deviation0.38
Median0.11
Standard Deviation0.79
Sample Variance0.62
Range3.2227
R-Value0.43
Mean Square Error0.55
R-Squared0.18
Significance0.11
Slope0.08
Total Sum of Squares8.71

Entergy Return On Equity History

2024 0.3
2023 0.28
2022 0.0912
2021 0.0498
2020 0.0813
2016 0.11

About Entergy New Financial Statements

Entergy New investors utilize fundamental indicators, such as Return On Equity, to predict how Entergy 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.
Last ReportedProjected for Next Year
Return On Equity 0.28  0.30 

Pair Trading with Entergy New

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 Entergy New 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 Entergy New will appreciate offsetting losses from the drop in the long position's value.

Moving against Entergy Stock

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The ability to find closely correlated positions to Entergy New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy New 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 Entergy New - 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 Entergy New Orleans to buy it.
The correlation of Entergy New 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 Entergy New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy New Orleans 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 Entergy New 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.
Pair CorrelationCorrelation Matching
When determining whether Entergy New Orleans offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Entergy New's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Entergy New Orleans Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Entergy New Orleans Stock:
Check out the analysis of Entergy New Correlation against competitors.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Environmental & Facilities Services 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 Entergy New. If investors know Entergy 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 Entergy New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity
0.0934
The market value of Entergy New Orleans is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy New's value that differs from its market value or its book value, called intrinsic value, which is Entergy New'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 Entergy New's market value can be influenced by many factors that don't directly affect Entergy New'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 Entergy New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy New'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.