Hydro Ev To Operating Cash Flow from 2010 to 2026
| H Stock | CAD 52.85 0.92 1.71% |
EV To Operating Cash Flow | First Reported 2010-12-31 | Previous Quarter 15.47 | Current Value 10.1 | Quarterly Volatility 8.25628709 |
Check Hydro One financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hydro One's main balance sheet or income statement drivers, such as Depreciation And Amortization of 789.6 M, Interest Expense of 446.8 M or Total Revenue of 6.7 B, as well as many indicators such as Price To Sales Ratio of 1.58, Dividend Yield of 0.0306 or PTB Ratio of 1.19. Hydro financial statements analysis is a perfect complement when working with Hydro One Valuation or Volatility modules.
Hydro | Ev To Operating Cash Flow |
Latest Hydro One's Ev To Operating Cash Flow Growth Pattern
Below is the plot of the Ev To Operating Cash Flow of Hydro One over the last few years. It is a valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows. Hydro One's EV To Operating Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hydro One's overall financial position and show how it may be relating to other accounts over time.
| Ev To Operating Cash Flow | 10 Years Trend |
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Ev To Operating Cash Flow |
| Timeline |
Hydro Ev To Operating Cash Flow Regression Statistics
| Arithmetic Mean | 12.30 | |
| Coefficient Of Variation | 67.11 | |
| Mean Deviation | 5.16 | |
| Median | 15.25 | |
| Standard Deviation | 8.26 | |
| Sample Variance | 68.17 | |
| Range | 34.0924 | |
| R-Value | 0.30 | |
| Mean Square Error | 66.19 | |
| R-Squared | 0.09 | |
| Significance | 0.24 | |
| Slope | 0.49 | |
| Total Sum of Squares | 1,091 |
Hydro Ev To Operating Cash Flow History
About Hydro One Financial Statements
Hydro One investors utilize fundamental indicators, such as Ev To Operating Cash Flow, to predict how Hydro 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 Reported | Projected for Next Year | ||
| EV To Operating Cash Flow | 15.47 | 10.10 |
Pair Trading with Hydro One
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 Hydro One 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 Hydro One will appreciate offsetting losses from the drop in the long position's value.Moving against Hydro Stock
The ability to find closely correlated positions to Hydro One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydro One 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 Hydro One - 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 Hydro One to buy it.
The correlation of Hydro One 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 Hydro One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydro One 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 Hydro One 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 Hydro Stock
Hydro One financial ratios help investors to determine whether Hydro Stock 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 Hydro with respect to the benefits of owning Hydro One security.