Nextera Roic from 2010 to 2024
| NEP Stock | USD 17.28 0.50 2.98% |
ROIC | First Reported 2010-12-31 | Previous Quarter (0) | Current Value (0) | Quarterly Volatility 0.03500365 |
Check Nextera Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nextera Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 666.8 M, Interest Expense of 320.6 M or Total Revenue of 764.8 M, as well as many indicators such as Price To Sales Ratio of 2.94, Dividend Yield of 0.29 or PTB Ratio of 0.82. Nextera financial statements analysis is a perfect complement when working with Nextera Energy Valuation or Volatility modules.
Nextera | Roic |
Latest Nextera Energy's Roic Growth Pattern
Below is the plot of the Roic of Nextera Energy Partners over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. Nextera Energy's ROIC historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nextera Energy's overall financial position and show how it may be relating to other accounts over time.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
Nextera Roic Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.03 | |
| Coefficient Of Variation | 75.41 | |
| Mean Deviation | 0.02 | |
| Median | 0.05 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1289 | |
| R-Value | (0.24) | |
| Mean Square Error | 0 | |
| R-Squared | 0.06 | |
| Significance | 0.39 | |
| Slope | (0) | |
| Total Sum of Squares | 0.02 |
Nextera Roic History
About Nextera Energy Financial Statements
Nextera Energy shareholders use historical fundamental indicators, such as Roic, to determine how well the company is positioned to perform in the future. Although Nextera Energy investors may analyze each financial statement separately, they are all interrelated. The changes in Nextera Energy's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nextera Energy's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year |
Pair Trading with Nextera 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 Nextera 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 Nextera Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextera Stock
Moving against Nextera Stock
| 0.78 | ELLO | Ellomay Capital | PairCorr |
| 0.77 | GEV | GE Vernova LLC Downward Rally | PairCorr |
| 0.76 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.74 | ADN | Advent Technologies | PairCorr |
| 0.7 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Nextera 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 Nextera 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 Nextera 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 Nextera Energy Partners to buy it.
The correlation of Nextera 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 Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy Partners 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 Nextera 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.Additional Tools for Nextera Stock Analysis
When running Nextera Energy's price analysis, check to measure Nextera Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.