Emera Other Stockholder Equity vs Retained Earnings Analysis

EMA Stock

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Emera financial indicator trend analysis is much more than just examining Emera Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Emera Inc is a good investment. Please check the relationship between Emera Other Stockholder Equity and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emera Inc. 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.

Other Stockholder Equity vs Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Emera Inc Other Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Emera's Other Stockholder Equity and Retained Earnings is -0.47. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Emera Inc, assuming nothing else is changed. The correlation between historical values of Emera's Other Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Emera Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Stockholder Equity i.e., Emera's Other Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Other Stockholder Equity

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Emera's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Emera Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emera Inc. 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.

As of the 23rd of November 2024, Tax Provision is likely to grow to about 128.5 M, while Selling General Administrative is likely to drop about 33.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.2B	3.0B	1.1B	1.3B
Total Revenue	5.8B	7.6B	6.5B	6.9B

Gross Profit Total Revenue

Emera fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.85	0.83	0.68	0.93	0.83	0.83	0.3	0.83	0.69	0.84	0.24	0.85	0.93	0.24	0.88	0.85	0.83	0.73	0.62	-0.45	0.85	0.77	0.76	0.92	0.84
Total Assets	0.85		1.0	0.79	0.85	0.98	1.0	0.18	0.99	0.84	0.97	0.38	1.0	0.82	0.38	0.81	0.99	0.99	0.94	0.75	-0.44	1.0	0.96	0.9	0.82	0.99
Short Long Term Debt Total	0.83	1.0		0.77	0.83	0.97	1.0	0.18	1.0	0.81	0.96	0.37	1.0	0.8	0.37	0.8	0.98	1.0	0.92	0.71	-0.42	1.0	0.94	0.88	0.8	0.98
Other Current Liab	0.68	0.79	0.77		0.82	0.79	0.76	-0.13	0.76	0.66	0.87	0.38	0.77	0.78	0.38	0.77	0.71	0.74	0.82	0.89	-0.27	0.78	0.81	0.91	0.74	0.76
Total Current Liabilities	0.93	0.85	0.83	0.82		0.81	0.82	0.24	0.83	0.63	0.9	0.24	0.84	0.92	0.23	0.93	0.8	0.82	0.73	0.68	-0.45	0.85	0.76	0.82	0.97	0.81
Total Stockholder Equity	0.83	0.98	0.97	0.79	0.81		0.98	0.13	0.96	0.91	0.94	0.43	0.98	0.79	0.42	0.74	0.98	0.96	0.96	0.82	-0.45	0.97	0.98	0.91	0.79	0.99
Property Plant And Equipment Net	0.83	1.0	1.0	0.76	0.82	0.98		0.15	0.99	0.85	0.96	0.36	1.0	0.79	0.36	0.77	0.99	0.99	0.94	0.75	-0.42	0.99	0.96	0.88	0.8	0.99
Current Deferred Revenue	0.3	0.18	0.18	-0.13	0.24	0.13	0.15		0.17	0.21	0.15	0.24	0.19	0.27	0.25	0.31	0.17	0.2	0.07	-0.11	-0.57	0.2	0.03	0.14	0.22	0.12
Net Debt	0.83	0.99	1.0	0.76	0.83	0.96	0.99	0.17		0.8	0.96	0.32	1.0	0.8	0.31	0.8	0.98	1.0	0.91	0.7	-0.41	1.0	0.94	0.86	0.8	0.98
Retained Earnings	0.69	0.84	0.81	0.66	0.63	0.91	0.85	0.21	0.8		0.79	0.55	0.83	0.62	0.54	0.56	0.85	0.8	0.93	0.85	-0.47	0.81	0.88	0.87	0.62	0.87
Accounts Payable	0.84	0.97	0.96	0.87	0.9	0.94	0.96	0.15	0.96	0.79		0.31	0.96	0.85	0.3	0.86	0.93	0.95	0.92	0.8	-0.4	0.97	0.94	0.92	0.85	0.95
Cash	0.24	0.38	0.37	0.38	0.24	0.43	0.36	0.24	0.32	0.55	0.31		0.35	0.22	1.0	0.23	0.35	0.36	0.48	0.47	-0.37	0.36	0.38	0.58	0.2	0.36
Non Current Assets Total	0.85	1.0	1.0	0.77	0.84	0.98	1.0	0.19	1.0	0.83	0.96	0.35		0.81	0.35	0.8	0.99	1.0	0.93	0.73	-0.43	1.0	0.95	0.88	0.82	0.99
Non Currrent Assets Other	0.93	0.82	0.8	0.78	0.92	0.79	0.79	0.27	0.8	0.62	0.85	0.22	0.81		0.22	0.91	0.78	0.8	0.72	0.65	-0.5	0.82	0.74	0.79	0.87	0.78
Cash And Short Term Investments	0.24	0.38	0.37	0.38	0.23	0.42	0.36	0.25	0.31	0.54	0.3	1.0	0.35	0.22		0.24	0.35	0.36	0.47	0.46	-0.39	0.35	0.37	0.57	0.2	0.36
Net Receivables	0.88	0.81	0.8	0.77	0.93	0.74	0.77	0.31	0.8	0.56	0.86	0.23	0.8	0.91	0.24		0.74	0.8	0.7	0.59	-0.46	0.83	0.69	0.8	0.86	0.73
Common Stock Total Equity	0.85	0.99	0.98	0.71	0.8	0.98	0.99	0.17	0.98	0.85	0.93	0.35	0.99	0.78	0.35	0.74		0.98	0.92	0.72	-0.41	0.98	0.95	0.85	0.8	0.99
Non Current Liabilities Total	0.83	0.99	1.0	0.74	0.82	0.96	0.99	0.2	1.0	0.8	0.95	0.36	1.0	0.8	0.36	0.8	0.98		0.91	0.68	-0.42	1.0	0.93	0.86	0.78	0.97
Inventory	0.73	0.94	0.92	0.82	0.73	0.96	0.94	0.07	0.91	0.93	0.92	0.48	0.93	0.72	0.47	0.7	0.92	0.91		0.89	-0.41	0.92	0.97	0.95	0.67	0.94
Other Current Assets	0.62	0.75	0.71	0.89	0.68	0.82	0.75	-0.11	0.7	0.85	0.8	0.47	0.73	0.65	0.46	0.59	0.72	0.68	0.89		-0.28	0.71	0.86	0.91	0.62	0.78
Other Stockholder Equity	-0.45	-0.44	-0.42	-0.27	-0.45	-0.45	-0.42	-0.57	-0.41	-0.47	-0.4	-0.37	-0.43	-0.5	-0.39	-0.46	-0.41	-0.42	-0.41	-0.28		-0.43	-0.36	-0.46	-0.44	-0.41
Total Liab	0.85	1.0	1.0	0.78	0.85	0.97	0.99	0.2	1.0	0.81	0.97	0.36	1.0	0.82	0.35	0.83	0.98	1.0	0.92	0.71	-0.43		0.94	0.88	0.82	0.97
Property Plant And Equipment Gross	0.77	0.96	0.94	0.81	0.76	0.98	0.96	0.03	0.94	0.88	0.94	0.38	0.95	0.74	0.37	0.69	0.95	0.93	0.97	0.86	-0.36	0.94		0.9	0.72	0.97
Total Current Assets	0.76	0.9	0.88	0.91	0.82	0.91	0.88	0.14	0.86	0.87	0.92	0.58	0.88	0.79	0.57	0.8	0.85	0.86	0.95	0.91	-0.46	0.88	0.9		0.74	0.88
Short Term Debt	0.92	0.82	0.8	0.74	0.97	0.79	0.8	0.22	0.8	0.62	0.85	0.2	0.82	0.87	0.2	0.86	0.8	0.78	0.67	0.62	-0.44	0.82	0.72	0.74		0.79
Common Stock	0.84	0.99	0.98	0.76	0.81	0.99	0.99	0.12	0.98	0.87	0.95	0.36	0.99	0.78	0.36	0.73	0.99	0.97	0.94	0.78	-0.41	0.97	0.97	0.88	0.79

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Emera Account Relationship Matchups

Emera fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	240.5M	248.2M	257.6M	265.9M	273.8M	158.8M
Total Assets	31.8B	31.2B	34.2B	39.7B	39.5B	41.5B
Short Long Term Debt Total	15.7B	15.3B	16.4B	19.0B	19.9B	20.8B
Other Current Liab	750M	478M	918M	2.0B	976M	1.0B
Total Current Liabilities	4.2B	4.9B	4.9B	7.3B	4.5B	2.3B
Total Stockholder Equity	8.6B	9.2B	10.1B	11.4B	12.1B	12.7B
Property Plant And Equipment Net	18.2B	19.5B	20.4B	23.0B	24.4B	25.7B
Current Deferred Revenue	260M	242M	271M	2M	2.3M	2.2M
Net Debt	15.5B	15.1B	16.0B	18.7B	19.3B	20.2B
Retained Earnings	1.2B	1.5B	1.3B	1.6B	1.8B	1.9B
Accounts Payable	1.1B	1.1B	1.5B	2.0B	1.5B	1.5B
Cash	222M	220M	394M	310M	588M	617.4M
Non Current Assets Total	29.4B	29.1B	31.1B	34.8B	35.8B	37.6B
Non Currrent Assets Other	3.9B	2.2B	3.4B	4.2B	3.2B	1.6B
Cash And Short Term Investments	231M	220M	394M	310M	588M	617.4M
Net Receivables	1.2B	845M	1.1B	1.7B	1.2B	664.9M
Common Stock Total Equity	5.6B	5.8B	6.2B	6.7B	7.7B	8.1B
Liabilities And Stockholders Equity	31.8B	31.2B	34.2B	39.7B	39.5B	41.5B
Non Current Liabilities Total	19.1B	17.1B	19.2B	21.0B	22.8B	24.0B
Inventory	467M	453M	538M	769M	790M	829.5M
Other Current Assets	400M	503M	849M	1.7B	1.2B	1.2B
Other Stockholder Equity	84M	78M	79M	81M	82M	159.6M
Total Liab	23.2B	22.0B	24.1B	28.3B	27.4B	28.8B
Property Plant And Equipment Gross	18.2B	19.5B	29.1B	32.6B	34.4B	36.1B
Total Current Assets	2.5B	2.2B	3.1B	4.9B	3.7B	3.9B
Accumulated Other Comprehensive Income	95M	(79M)	25M	578M	305M	320.3M
Short Term Debt	2.0B	3.0B	2.2B	3.3B	2.1B	1.1B
Common Stock	6.2B	6.7B	7.2B	7.8B	8.5B	8.9B
Good Will	5.8B	5.7B	5.7B	6.0B	5.9B	3.4B
Other Liab	5.3B	4.7B	5.0B	5.2B	6.0B	3.9B
Net Tangible Assets	1.7B	2.5B	3.0B	4.0B	4.6B	4.8B
Other Assets	4.0B	2.4B	3.6B	3.8B	4.3B	2.6B
Long Term Debt	13.7B	12.3B	14.2B	15.7B	17.7B	11.9B
Deferred Long Term Liab	1.4B	1.4B	2.3B	3.0B	3.5B	3.6B
Long Term Investments	1.8B	1.8B	1.4B	1.4B	1.4B	1.5B
Short Long Term Debt	2.0B	3.0B	2.2B	3.3B	2.1B	2.1B
Property Plant Equipment	18.2B	19.6B	20.4B	23.1B	26.5B	15.6B
Long Term Debt Total	13.7B	12.3B	14.2B	15.7B	18.1B	14.0B

Pair Trading with Emera

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

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

The correlation of Emera 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 Emera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Inc 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 Emera 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

Other Information on Investing in Emera Stock

Balance Sheet is a snapshot of the financial position of Emera Inc at a specified time, usually calculated after every quarter, six months, or one year. Emera Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Emera and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Emera currently owns. An asset can also be divided into two categories, current and non-current.

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Emera Other Stockholder Equity vs Retained Earnings Analysis

Other Stockholder Equity vs Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

Correlation Coefficient

Other Stockholder Equity

Retained Earnings

Emera fundamental ratios Correlations

Emera Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Emera fundamental ratios Accounts

Pair Trading with Emera

Other Information on Investing in Emera Stock

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

Other Stockholder Equity	- 0.57	Current Deferred Revenue
Other Stockholder Equity	- 0.5	Non Currrent Assets Other
Other Stockholder Equity	- 0.47	Retained Earnings
Total Current Assets	- 0.46	Other Stockholder Equity
Other Stockholder Equity	- 0.46	Net Receivables
Other Stockholder Equity	- 0.45	Total Stockholder Equity