Northland Return On Assets from 2010 to 2026
| NPI Stock | CAD 19.23 0.35 1.79% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.023 | Current Value 0.0283 | Quarterly Volatility 0.02651669 |
Check Northland Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northland Power's main balance sheet or income statement drivers, such as Interest Expense of 459.7 M, Total Revenue of 2.8 B or Gross Profit of 2.8 B, as well as many indicators such as Price To Sales Ratio of 2.14, Dividend Yield of 0.0677 or PTB Ratio of 1.9. Northland financial statements analysis is a perfect complement when working with Northland Power Valuation or Volatility modules.
Northland | Return On Assets |
Evaluating Northland Power's Return On Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Northland Power's fundamental strength.
Latest Northland Power's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Northland Power 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. Northland Power's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Northland Power's 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 |
Northland Return On Assets Regression Statistics
| Arithmetic Mean | 0.02 | |
| Geometric Mean | 0.02 | |
| Coefficient Of Variation | 142.15 | |
| Mean Deviation | 0.02 | |
| Median | 0.02 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.0007 | |
| Range | 0.0967 | |
| R-Value | 0.13 | |
| Mean Square Error | 0.0007 | |
| R-Squared | 0.02 | |
| Significance | 0.62 | |
| Slope | 0.0007 | |
| Total Sum of Squares | 0.01 |
Northland Return On Assets History
About Northland Power Financial Statements
Northland Power investors utilize fundamental indicators, such as Return On Assets, to predict how Northland 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 | 0.02 | 0.03 |
Pair Trading with Northland Power
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 Northland Power 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 Northland Power will appreciate offsetting losses from the drop in the long position's value.Moving against Northland Stock
The ability to find closely correlated positions to Northland Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northland Power 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 Northland Power - 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 Northland Power to buy it.
The correlation of Northland Power 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 Northland Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northland Power 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 Northland Power 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 Northland Stock
Northland Power financial ratios help investors to determine whether Northland 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 Northland with respect to the benefits of owning Northland Power security.