The Narragansett Electric Stock Current Ratio

NRGSPDelisted Stock  USD 55.00  0.00  0.00%   
The Narragansett Electric fundamentals help investors to digest information that contributes to Narragansett Electric's financial success or failures. It also enables traders to predict the movement of Narragansett Pink Sheet. The fundamental analysis module provides a way to measure Narragansett Electric's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Narragansett Electric pink sheet.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

The Narragansett Electric Company Current Ratio Analysis

Narragansett Electric's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition

In accordance with the recently published financial statements, The Narragansett Electric has a Current Ratio of 0.0 times. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).

Narragansett Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Narragansett Electric's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Narragansett Electric could also be used in its relative valuation, which is a method of valuing Narragansett Electric by comparing valuation metrics of similar companies.
Narragansett Electric is currently under evaluation in current ratio category among its peers.

Narragansett Fundamentals

About Narragansett Electric Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze The Narragansett Electric's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Narragansett Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Narragansett Electric based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Narragansett Electric

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 Narragansett Electric 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 Narragansett Electric will appreciate offsetting losses from the drop in the long position's value.

Moving together with Narragansett Pink Sheet

  0.8INPAP International PaperPairCorr

Moving against Narragansett Pink Sheet

  0.94CVPBF CP ALL PublicPairCorr
  0.86SCVPF Siam CementPairCorr
  0.86OAK-PB Oaktree Capital GroupPairCorr
  0.85HNHPF Hon Hai PrecisionPairCorr
  0.83NMPWP Niagara Mohawk PowerPairCorr
The ability to find closely correlated positions to Narragansett Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Narragansett Electric 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 Narragansett Electric - 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 The Narragansett Electric to buy it.
The correlation of Narragansett Electric 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 Narragansett Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Narragansett Electric 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 Narragansett Electric 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.
Pair CorrelationCorrelation Matching
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Consideration for investing in Narragansett Pink Sheet

If you are still planning to invest in The Narragansett Electric check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Narragansett Electric's history and understand the potential risks before investing.
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