EMP Stock | | | USD 22.02 0.09 0.41% |
Entergy Mississippi financial indicator trend analysis is much more than just examining Entergy Mississippi LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entergy Mississippi LLC is a good investment. Please check the relationship between Entergy Mississippi Gross Profit Margin and its Total Cash From Operating Activities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entergy Mississippi LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Gross Profit Margin vs Total Cash From Operating Activities
Gross Profit Margin vs Total Cash From Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Entergy Mississippi LLC Gross Profit Margin account and
Total Cash From Operating Activities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Entergy Mississippi's Gross Profit Margin and Total Cash From Operating Activities is -0.43. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of Entergy Mississippi LLC, assuming nothing else is changed. The correlation between historical values of Entergy Mississippi's Gross Profit Margin and Total Cash From Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Entergy Mississippi LLC are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Gross Profit Margin i.e., Entergy Mississippi's Gross Profit Margin and Total Cash From Operating Activities go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Gross Profit Margin
Total Cash From Operating Activities
Most indicators from Entergy Mississippi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entergy Mississippi LLC 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 Entergy Mississippi LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Entergy Mississippi's
Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024,
Enterprise Value is likely to grow to about 44.9
B, while
Sales General And Administrative To Revenue is likely to drop 0.01.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 4.9B | 5.3B | 5.3B | 5.0B | Total Revenue | 11.7B | 13.8B | 12.1B | 9.8B |
Entergy Mississippi fundamental ratios Correlations
Click cells to compare fundamentals
Entergy Mississippi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Entergy Mississippi fundamental ratios Accounts
Pair Trading with Entergy Mississippi
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 Entergy Mississippi 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 Entergy Mississippi will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Entergy Mississippi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy Mississippi 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 Entergy Mississippi - 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 Entergy Mississippi LLC to buy it.
The correlation of Entergy Mississippi 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 Entergy Mississippi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy Mississippi LLC 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 Entergy Mississippi 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 MatchingAdditional Tools for Entergy Stock Analysis
When running Entergy Mississippi's price analysis, check to
measure Entergy Mississippi'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 Entergy Mississippi is operating at the current time. Most of Entergy Mississippi's value examination focuses on studying past and present price action to
predict the probability of Entergy Mississippi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy Mississippi's price. Additionally, you may evaluate how the addition of Entergy Mississippi to your portfolios can decrease your overall portfolio volatility.