Kenon Return On Assets from 2010 to 2024
| KEN Stock | USD 29.86 1.39 4.88% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter (0.06) | Current Value (0.05) | Quarterly Volatility 159.04142748 |
Check Kenon Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Kenon Holdings' main balance sheet or income statement drivers, such as Depreciation And Amortization of 96 M, Interest Expense of 57.7 M or Selling General Administrative of 58 M, as well as many indicators such as Price To Sales Ratio of 1.86, Dividend Yield of 0.17 or PTB Ratio of 1.07. Kenon financial statements analysis is a perfect complement when working with Kenon Holdings Valuation or Volatility modules.
Kenon | Return On Assets |
Latest Kenon Holdings' Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Kenon Holdings over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Kenon Holdings' Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Kenon Holdings' overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Kenon Return On Assets Regression Statistics
| Arithmetic Mean | 41.09 | |
| Geometric Mean | 0.14 | |
| Coefficient Of Variation | 387.04 | |
| Mean Deviation | 76.65 | |
| Median | (0.01) | |
| Standard Deviation | 159.04 | |
| Sample Variance | 25,294 | |
| Range | 616 | |
| R-Value | (0.19) | |
| Mean Square Error | 26,305 | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | (6.59) | |
| Total Sum of Squares | 354,118 |
Kenon Return On Assets History
About Kenon Holdings Financial Statements
Kenon Holdings investors utilize fundamental indicators, such as Return On Assets, to predict how Kenon 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 | ||
| Return On Assets | (0.06) | (0.05) |
Pair Trading with Kenon Holdings
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 Kenon Holdings 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 Kenon Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Kenon Stock
| 0.81 | NRG | NRG Energy Buyout Trend | PairCorr |
| 0.84 | PAM | Pampa Energia SA | PairCorr |
| 0.78 | TAC | TransAlta Corp | PairCorr |
| 0.86 | TLN | Talen Energy | PairCorr |
Moving against Kenon Stock
| 0.86 | ELPC | Companhia Paranaense | PairCorr |
| 0.71 | FE | FirstEnergy | PairCorr |
| 0.7 | ES | Eversource Energy | PairCorr |
| 0.69 | RNWWW | ReNew Energy Global | PairCorr |
| 0.53 | HE | Hawaiian Electric | PairCorr |
The ability to find closely correlated positions to Kenon Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kenon Holdings 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 Kenon Holdings - 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 Kenon Holdings to buy it.
The correlation of Kenon Holdings 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 Kenon Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kenon Holdings 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 Kenon Holdings 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 Kenon Holdings Correlation against competitors. To learn how to invest in Kenon Stock, please use our How to Invest in Kenon Holdings guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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 Kenon Holdings. If investors know Kenon 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 Kenon Holdings 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 0.348 | Earnings Share (1.44) | Revenue Per Share 13.743 | Quarterly Revenue Growth 0.097 | Return On Assets 0.0088 |
The market value of Kenon Holdings is measured differently than its book value, which is the value of Kenon that is recorded on the company's balance sheet. Investors also form their own opinion of Kenon Holdings' value that differs from its market value or its book value, called intrinsic value, which is Kenon Holdings' 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 Kenon Holdings' market value can be influenced by many factors that don't directly affect Kenon Holdings' 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 Kenon Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kenon Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kenon Holdings' 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.