Hydro Operating Income from 2010 to 2026
| H Stock | CAD 54.21 0.08 0.15% |
Operating Income | First Reported 2009-03-31 | Previous Quarter 559 M | Current Value 651 M | Quarterly Volatility 104.1 M |
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 | Operating Income |
Latest Hydro One's Operating Income Growth Pattern
Below is the plot of the Operating Income of Hydro One over the last few years. Operating Income is the amount of profit realized from Hydro One operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hydro One is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Hydro One's Operating Income 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.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Hydro Operating Income Regression Statistics
| Arithmetic Mean | 1,455,156,176 | |
| Geometric Mean | 1,421,904,484 | |
| Coefficient Of Variation | 23.21 | |
| Mean Deviation | 266,601,522 | |
| Median | 1,313,000,000 | |
| Standard Deviation | 337,679,932 | |
| Sample Variance | 114027.7T | |
| Range | 1.3B | |
| R-Value | 0.81 | |
| Mean Square Error | 41880.4T | |
| R-Squared | 0.66 | |
| Significance | 0.000082 | |
| Slope | 54,147,525 | |
| Total Sum of Squares | 1824443.8T |
Hydro Operating Income History
About Hydro One Financial Statements
Hydro One investors utilize fundamental indicators, such as Operating Income, 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 | ||
| Operating Income | 2.3 B | 1.4 B |
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
| 0.7 | BLK | BLACKROCK CDR Earnings Call This Week | PairCorr |
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.