Q3 2024 NiSource Inc Earnings Call Transcript
| NI Stock | USD 39.84 0.09 0.23% |
Under 62% of NiSource's investor base is looking to short. The analysis of overall sentiment of trading NiSource stock suggests that many investors are alarmed at this time. NiSource's investing sentiment shows overall attitude of investors towards NiSource.
NiSource |
Oct 30, 2024 0300PM GMTOperator Thank you for standing by. My name is Jeannie, and I will be your conference operator today. At this time, I would like to we
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NiSource Fundamental Analysis
We analyze NiSource's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NiSource using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NiSource 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.
Working Capital
Working Capital Comparative Analysis
NiSource is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
NiSource Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NiSource stock to make a market-neutral strategy. Peer analysis of NiSource could also be used in its relative valuation, which is a method of valuing NiSource by comparing valuation metrics with similar companies.
Peers
NiSource Related Equities
| CPK | Chesapeake Utilities | 1.64 | ||||
| ATO | Atmos Energy | 0.68 | ||||
| NJR | NewJersey Resources | 0.46 | ||||
| OGS | One Gas | 0.20 | ||||
| NWN | Northwest Natural | 0.05 | ||||
| SR | Spire | 0.36 | ||||
| UGI | UGI | 0.63 | ||||
| RGCO | RGC Resources | 1.04 |
Complementary Tools for NiSource Stock analysis
When running NiSource's price analysis, check to measure NiSource'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 NiSource is operating at the current time. Most of NiSource's value examination focuses on studying past and present price action to predict the probability of NiSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NiSource's price. Additionally, you may evaluate how the addition of NiSource to your portfolios can decrease your overall portfolio volatility.
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