Brookfield Free Cash Flow Yield vs Pb Ratio Analysis

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Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable Corp is a good investment. Please check the relationship between Brookfield Renewable Free Cash Flow Yield and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Corp Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Brookfield Renewable's Free Cash Flow Yield and Pb Ratio is -0.13. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Brookfield Renewable Corp, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Free Cash Flow Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Brookfield Renewable Corp are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Brookfield Renewable's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Pb Ratio

Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Brookfield Renewable's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 263.6 M, while Tax Provision is likely to drop about 55.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.2B	2.6B	2.5B	2.1B
Total Revenue	3.4B	3.8B	4.0B	3.2B

Gross Profit Total Revenue

Brookfield Renewable fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment
Common Stock Shares Outstanding		-0.88	-0.89	-0.53	-0.78	-0.2	-0.91	-0.33	-0.87	-0.88	-0.77	-0.9	-0.87	-0.38	-0.8	-0.9	-0.93	-0.46	-0.93	0.58	0.5	-0.93	-0.9	-0.91	0.99	-0.89
Total Assets	-0.88		1.0	0.52	0.79	0.58	0.98	0.64	1.0	1.0	0.61	0.93	1.0	0.51	0.81	0.93	0.92	0.39	0.98	-0.16	-0.29	0.99	0.94	0.95	-0.84	0.98
Short Long Term Debt Total	-0.89	1.0		0.48	0.78	0.54	0.98	0.65	0.99	1.0	0.63	0.95	1.0	0.49	0.81	0.95	0.92	0.43	0.99	-0.19	-0.3	0.99	0.94	0.94	-0.85	0.99
Other Current Liab	-0.53	0.52	0.48		0.72	0.24	0.53	0.33	0.52	0.5	0.08	0.38	0.51	0.7	0.56	0.38	0.49	-0.22	0.5	-0.02	-0.66	0.54	0.52	0.65	-0.5	0.5
Total Current Liabilities	-0.78	0.79	0.78	0.72		0.4	0.77	0.5	0.78	0.78	0.21	0.7	0.78	0.86	0.93	0.7	0.74	0.22	0.76	-0.32	-0.51	0.8	0.8	0.83	-0.76	0.75
Total Stockholder Equity	-0.2	0.58	0.54	0.24	0.4		0.45	0.78	0.58	0.56	-0.05	0.47	0.58	0.42	0.49	0.47	0.45	0.27	0.44	0.47	0.01	0.44	0.53	0.47	-0.1	0.45
Other Liab	-0.91	0.98	0.98	0.53	0.77	0.45		0.65	0.97	0.99	0.65	0.95	0.97	0.46	0.81	0.95	0.94	0.41	0.98	-0.23	-0.42	0.99	0.96	0.97	-0.88	0.99
Net Tangible Assets	-0.33	0.64	0.65	0.33	0.5	0.78	0.65		0.63	0.67	0.01	0.65	0.64	0.47	0.66	0.65	0.59	0.39	0.53	0.37	-0.34	0.56	0.68	0.63	-0.26	0.64
Property Plant And Equipment Net	-0.87	1.0	0.99	0.52	0.78	0.58	0.97	0.63		0.99	0.61	0.92	1.0	0.51	0.79	0.92	0.91	0.37	0.98	-0.15	-0.27	0.98	0.93	0.94	-0.83	0.97
Net Debt	-0.88	1.0	1.0	0.5	0.78	0.56	0.99	0.67	0.99		0.61	0.94	1.0	0.5	0.82	0.94	0.92	0.42	0.98	-0.16	-0.32	0.99	0.95	0.95	-0.84	0.99
Accounts Payable	-0.77	0.61	0.63	0.08	0.21	-0.05	0.65	0.01	0.61	0.61		0.71	0.61	-0.26	0.3	0.71	0.7	0.49	0.72	-0.52	-0.18	0.67	0.59	0.57	-0.78	0.65
Cash	-0.9	0.93	0.95	0.38	0.7	0.47	0.95	0.65	0.92	0.94	0.71		0.92	0.31	0.84	1.0	0.97	0.67	0.94	-0.33	-0.46	0.93	0.96	0.91	-0.87	0.94
Non Current Assets Total	-0.87	1.0	1.0	0.51	0.78	0.58	0.97	0.64	1.0	1.0	0.61	0.92		0.51	0.8	0.92	0.91	0.38	0.98	-0.15	-0.28	0.98	0.94	0.95	-0.83	0.97
Non Currrent Assets Other	-0.38	0.51	0.49	0.7	0.86	0.42	0.46	0.47	0.51	0.5	-0.26	0.31	0.51		0.69	0.31	0.33	-0.17	0.42	0.05	-0.28	0.48	0.45	0.53	-0.35	0.46
Other Assets	-0.8	0.81	0.81	0.56	0.93	0.49	0.81	0.66	0.79	0.82	0.3	0.84	0.8	0.69		0.84	0.85	0.55	0.77	-0.36	-0.59	0.8	0.89	0.85	-0.77	0.79
Cash And Short Term Investments	-0.9	0.93	0.95	0.38	0.7	0.47	0.95	0.65	0.92	0.94	0.71	1.0	0.92	0.31	0.84		0.97	0.67	0.94	-0.33	-0.46	0.93	0.96	0.91	-0.87	0.94
Net Receivables	-0.93	0.92	0.92	0.49	0.74	0.45	0.94	0.59	0.91	0.92	0.7	0.97	0.91	0.33	0.85	0.97		0.6	0.93	-0.39	-0.55	0.93	0.98	0.95	-0.9	0.91
Good Will	-0.46	0.39	0.43	-0.22	0.22	0.27	0.41	0.39	0.37	0.42	0.49	0.67	0.38	-0.17	0.55	0.67	0.6		0.41	-0.43	-0.33	0.37	0.53	0.35	-0.45	0.4
Non Current Liabilities Total	-0.93	0.98	0.99	0.5	0.76	0.44	0.98	0.53	0.98	0.98	0.72	0.94	0.98	0.42	0.77	0.94	0.93	0.41		-0.27	-0.32	0.99	0.93	0.94	-0.91	0.98
Other Current Assets	0.58	-0.16	-0.19	-0.02	-0.32	0.47	-0.23	0.37	-0.15	-0.16	-0.52	-0.33	-0.15	0.05	-0.36	-0.33	-0.39	-0.43	-0.27		0.36	-0.28	-0.3	-0.27	0.63	-0.2
Other Stockholder Equity	0.5	-0.29	-0.3	-0.66	-0.51	0.01	-0.42	-0.34	-0.27	-0.32	-0.18	-0.46	-0.28	-0.28	-0.59	-0.46	-0.55	-0.33	-0.32	0.36		-0.35	-0.53	-0.52	0.49	-0.35
Total Liab	-0.93	0.99	0.99	0.54	0.8	0.44	0.99	0.56	0.98	0.99	0.67	0.93	0.98	0.48	0.8	0.93	0.93	0.37	0.99	-0.28	-0.35		0.95	0.96	-0.91	0.98
Total Current Assets	-0.9	0.94	0.94	0.52	0.8	0.53	0.96	0.68	0.93	0.95	0.59	0.96	0.94	0.45	0.89	0.96	0.98	0.53	0.93	-0.3	-0.53	0.95		0.98	-0.86	0.93
Short Term Debt	-0.91	0.95	0.94	0.65	0.83	0.47	0.97	0.63	0.94	0.95	0.57	0.91	0.95	0.53	0.85	0.91	0.95	0.35	0.94	-0.27	-0.52	0.96	0.98		-0.87	0.95
Common Stock	0.99	-0.84	-0.85	-0.5	-0.76	-0.1	-0.88	-0.26	-0.83	-0.84	-0.78	-0.87	-0.83	-0.35	-0.77	-0.87	-0.9	-0.45	-0.91	0.63	0.49	-0.91	-0.86	-0.87		-0.87
Property Plant Equipment	-0.89	0.98	0.99	0.5	0.75	0.45	0.99	0.64	0.97	0.99	0.65	0.94	0.97	0.46	0.79	0.94	0.91	0.4	0.98	-0.2	-0.35	0.98	0.93	0.95	-0.87

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Brookfield Renewable Account Relationship Matchups

Brookfield Renewable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	35.8B	39.5B	42.0B	43.3B	49.4B	38.0B
Short Long Term Debt Total	12.3B	13.7B	13.5B	15.1B	16.6B	12.4B
Other Current Liab	125M	(916M)	6.4B	(1.3B)	5.2B	5.4B
Total Current Liabilities	1.4B	3.3B	3.1B	3.0B	8.3B	8.8B
Total Stockholder Equity	7.3B	1.2B	3.7B	5.9B	5.8B	5.3B
Other Liab	4.8B	5.5B	6.4B	6.5B	7.4B	4.8B
Net Tangible Assets	6.2B	(26M)	2.6B	4.9B	5.7B	3.1B
Property Plant And Equipment Net	32.6B	36.1B	37.9B	37.8B	44.0B	34.1B
Net Debt	12.0B	12.5B	13.1B	14.5B	16.1B	11.9B
Accounts Payable	118M	3.3B	3.1B	3.0B	184M	174.8M
Cash	304M	355M	410M	642M	441M	364.7M
Non Current Assets Total	34.4B	37.8B	39.6B	40.1B	46.1B	35.9B
Non Currrent Assets Other	193M	79M	57M	(70M)	478M	501.9M
Other Assets	197M	217M	241M	652M	749.8M	787.3M
Cash And Short Term Investments	304M	355M	410M	642M	441M	364.7M
Net Receivables	720M	1.3B	2.0B	2.6B	2.1B	1.5B
Good Will	949M	970M	849M	1.8B	854M	1.1B
Liabilities And Stockholders Equity	35.8B	39.5B	42.0B	43.3B	49.4B	38.0B
Non Current Liabilities Total	16.5B	24.5B	24.7B	23.4B	24.0B	19.6B
Other Current Assets	137M	45M	83M	53M	76M	65.9M
Other Stockholder Equity	5.9B	7.0B	(4.8B)	(3.2B)	(3.5B)	(3.3B)
Total Liab	17.9B	27.7B	27.8B	26.5B	32.3B	22.8B
Total Current Assets	1.4B	1.7B	2.4B	3.2B	3.3B	2.1B
Accumulated Other Comprehensive Income	5.9B	7.0B	8.5B	9.1B	9.3B	7.3B
Short Term Debt	623M	916M	1.5B	1.3B	1.9B	1.1B
Common Stock	2.0B	1.5B	(5.8B)	(4.8B)	(4.4B)	(4.1B)
Property Plant Equipment	32.6B	36.1B	37.9B	37.8B	43.5B	29.4B
Current Deferred Revenue	558M	(8.5B)	(7.9B)	1.1B	960.3M	1.0B
Long Term Debt	5.5B	12.8B	13.5B	13.8B	14.2B	11.9B
Capital Lease Obligations	66M	392M	371M	364M	501M	310.6M
Inventory	202M	22M	20M	18M	65M	57.6M
Net Invested Capital	13.4B	14.0B	17.2B	19.7B	21.9B	18.2B
Long Term Investments	348M	372M	455M	451M	644M	469.5M
Short Long Term Debt	156M	886M	1.5B	1.3B	1.9B	1.1B
Non Current Liabilities Other	44M	7.4B	6.2B	4.4B	94M	89.3M
Net Working Capital	132M	(8.4B)	(700M)	187M	(5.0B)	(4.8B)

Pair Trading with Brookfield Renewable

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 Brookfield Renewable 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 Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable 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 Brookfield Renewable - 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 Brookfield Renewable Corp to buy it.

The correlation of Brookfield Renewable 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 Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable Corp 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 Brookfield Renewable 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 Correlation Correlation Matching

When determining whether Brookfield Renewable Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brookfield Renewable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Brookfield Renewable Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brookfield Renewable Corp Stock:

How To Invest In Brookfield

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Is Brookfield Stock a good investment?

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What is Brookfield Renewable's Net Worth?

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Please note, there is a significant difference between Brookfield Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Renewable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Brookfield Free Cash Flow Yield vs Pb Ratio Analysis

Free Cash Flow Yield vs Pb Ratio

Free Cash Flow Yield vs Pb Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Pb Ratio

Brookfield Renewable fundamental ratios Correlations

Brookfield Renewable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Brookfield Renewable fundamental ratios Accounts

Pair Trading with Brookfield Renewable

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total

Total Liab	- 0.93	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.93	Common Stock Shares Outstanding
Net Receivables	- 0.93	Common Stock Shares Outstanding
Common Stock	- 0.91	Total Liab
Common Stock	- 0.91	Non Current Liabilities Total
Short Term Debt	- 0.91	Common Stock Shares Outstanding