NXT Return On Equity from 2010 to 2026
| SFD Stock | CAD 0.34 0.01 3.03% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 31.11 | Current Value 32.66 | Quarterly Volatility 17.52371237 |
Check NXT Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NXT Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.3 M, Interest Expense of 709.3 K or Selling General Administrative of 4.1 M, as well as many indicators such as Price To Sales Ratio of 19.88, Dividend Yield of 0.0 or Days Sales Outstanding of 65.52. NXT financial statements analysis is a perfect complement when working with NXT Energy Valuation or Volatility modules.
NXT | Return On Equity |
Evaluating NXT Energy's Return On Equity 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 NXT Energy Solutions's fundamental strength.
Latest NXT Energy's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of NXT Energy Solutions over the last few years. Return on Equity is the amount of NXT Energy Solutions net income returned as a percentage of NXT Energy equity. Return on equity measures NXT Energy profitability by revealing how much profit NXT Energy Solutions generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. NXT Energy's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NXT Energy's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.52 | 10 Years Trend |
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Return On Equity |
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NXT Return On Equity Regression Statistics
| Arithmetic Mean | 2.96 | |
| Coefficient Of Variation | 591.90 | |
| Mean Deviation | 10.52 | |
| Median | (0.29) | |
| Standard Deviation | 17.52 | |
| Sample Variance | 307.08 | |
| Range | 77.2586 | |
| R-Value | 0.70 | |
| Mean Square Error | 166.02 | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 2.44 | |
| Total Sum of Squares | 4,913 |
NXT Return On Equity History
About NXT Energy Financial Statements
NXT Energy investors utilize fundamental indicators, such as Return On Equity, to predict how NXT 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 Equity | 31.11 | 32.66 |
Pair Trading with NXT 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 NXT 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 NXT Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NXT 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 NXT 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 NXT 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 NXT Energy Solutions to buy it.
The correlation of NXT 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 NXT Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NXT Energy Solutions 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 NXT 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.Other Information on Investing in NXT Stock
NXT Energy financial ratios help investors to determine whether NXT 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 NXT with respect to the benefits of owning NXT Energy security.