Power Free Cash Flow Yield vs Dividend Yield Analysis

POW Stock  CAD 47.16  0.12  0.26%   
Power financial indicator trend analysis is much more than just breaking down Power prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power is a good investment. Please check the relationship between Power Free Cash Flow Yield and its Dividend Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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 Dividend Yield

Free Cash Flow Yield vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Power Free Cash Flow Yield account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Power's Free Cash Flow Yield and Dividend Yield is -0.27. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Power, assuming nothing else is changed. The correlation between historical values of Power's Free Cash Flow Yield and Dividend Yield 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 Power are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Free Cash Flow Yield i.e., Power's Free Cash Flow Yield and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Dividend Yield

Dividend Yield is Power dividend as a percentage of Power stock price. Power dividend yield is a measure of Power stock productivity, which can be interpreted as interest rate earned on an Power investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Most indicators from Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power. 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, Power's Tax Provision is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value Over EBITDA is likely to grow to 7.68, while Selling General Administrative is likely to drop about 5.7 B.
 2021 2022 2023 2024 (projected)
Gross Profit69.6B48.7B46.4B35.6B
Total Revenue69.6B48.7B46.4B35.6B

Power fundamental ratios Correlations

0.910.820.950.810.570.730.690.590.650.841.00.960.60.78-0.840.880.610.860.550.220.850.860.850.910.3
0.910.80.780.970.760.540.450.370.40.830.90.860.330.83-0.910.880.580.840.260.370.630.610.610.840.2
0.820.80.70.720.660.30.770.150.430.740.820.770.190.84-0.610.590.240.950.140.590.550.690.730.950.27
0.950.780.70.660.360.810.720.720.810.810.960.970.760.59-0.790.860.640.790.70.040.920.910.880.830.45
0.810.970.720.660.810.440.310.270.280.770.80.740.220.83-0.870.780.490.730.170.380.510.460.460.740.09
0.570.760.660.360.810.130.07-0.05-0.120.380.550.45-0.160.89-0.570.50.140.59-0.130.510.220.110.130.6-0.11
0.730.540.30.810.440.130.410.980.650.540.730.720.910.29-0.750.810.860.420.92-0.510.820.720.640.510.24
0.690.450.770.720.310.070.410.350.740.70.70.680.50.41-0.370.420.230.760.430.290.670.90.920.780.48
0.590.370.150.720.27-0.050.980.350.650.440.60.610.940.1-0.630.710.830.280.96-0.650.770.650.570.370.26
0.650.40.430.810.28-0.120.650.740.650.710.660.750.810.12-0.490.540.460.540.75-0.10.760.830.80.510.71
0.840.830.740.810.770.380.540.70.440.710.840.860.520.53-0.810.780.530.810.40.290.640.780.790.760.53
1.00.90.820.960.80.550.730.70.60.660.840.960.610.76-0.840.880.620.860.560.210.860.870.860.910.31
0.960.860.770.970.740.450.720.680.610.750.860.960.630.65-0.840.890.640.860.560.180.820.860.850.860.45
0.60.330.190.760.22-0.160.910.50.940.810.520.610.630.03-0.560.650.710.330.95-0.540.850.730.660.390.49
0.780.830.840.590.830.890.290.410.10.120.530.760.650.03-0.610.570.210.750.060.550.470.460.480.83-0.13
-0.84-0.91-0.61-0.79-0.87-0.57-0.75-0.37-0.63-0.49-0.81-0.84-0.84-0.56-0.61-0.96-0.81-0.73-0.50.01-0.66-0.61-0.57-0.72-0.25
0.880.880.590.860.780.50.810.420.710.540.780.880.890.650.57-0.960.840.740.57-0.060.750.690.650.740.33
0.610.580.240.640.490.140.860.230.830.460.530.620.640.710.21-0.810.840.430.66-0.450.60.550.480.450.15
0.860.840.950.790.730.590.420.760.280.540.810.860.860.330.75-0.730.740.430.220.480.640.740.770.960.41
0.550.260.140.70.17-0.130.920.430.960.750.40.560.560.950.06-0.50.570.660.22-0.620.780.680.60.320.31
0.220.370.590.040.380.51-0.510.29-0.65-0.10.290.210.18-0.540.550.01-0.06-0.450.48-0.62-0.110.060.160.410.05
0.850.630.550.920.510.220.820.670.770.760.640.860.820.850.47-0.660.750.60.640.78-0.110.860.820.730.38
0.860.610.690.910.460.110.720.90.650.830.780.870.860.730.46-0.610.690.550.740.680.060.860.990.80.41
0.850.610.730.880.460.130.640.920.570.80.790.860.850.660.48-0.570.650.480.770.60.160.820.990.820.41
0.910.840.950.830.740.60.510.780.370.510.760.910.860.390.83-0.720.740.450.960.320.410.730.80.820.24
0.30.20.270.450.09-0.110.240.480.260.710.530.310.450.49-0.13-0.250.330.150.410.310.050.380.410.410.24
Click cells to compare fundamentals

Power Account Relationship Matchups

Power fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets477.3B629.1B661.6B733.7B749.5B787.0B
Short Long Term Debt Total19.4B22.2B19.5B21.2B20.9B22.0B
Total Stockholder Equity14.2B22.2B24.3B24.0B22.1B11.5B
Property Plant And Equipment Net3.1B3.2B3.7B4.4B5.1B5.3B
Net Debt11.4B12.1B11.4B12.3B11.8B12.4B
Retained Earnings10.8B8.7B10.8B11.1B10.0B8.0B
Non Current Assets Total153.0B181.4B189.7B178.2B707.1B742.5B
Common Stock Shares Outstanding437.9M647.6M681.6M673.5M663.1M541.5M
Liabilities And Stockholders Equity477.3B629.1B661.6B733.7B749.5B787.0B
Non Current Liabilities Total18.6B20.3B21.0B4.4B703.1B738.2B
Other Current Assets22.5B25.6B34.3B33.5B42.3B44.5B
Other Stockholder Equity1.7B3.0B3.0B2.3B2.6B2.8B
Total Liab440.7B590.4B617.9B689.5B708.2B743.6B
Property Plant And Equipment Gross1.7B1.9B3.1B3.2B3.7B3.9B
Total Current Assets13.8B16.8B15.7B30.7B70.8B74.4B
Accumulated Other Comprehensive Income1.7B3.0B3.0B2.5B1.9B2.0B
Intangible Assets5.8B6.3B7.6B8.3B6.7B5.7B
Other Current Liab(5.5B)(5.8B)(4.6B)(4.1B)(7.6B)(7.2B)
Total Current Liabilities5.5B5.8B4.2B4.4B7.6B7.9B
Short Term Debt1.5B2.6B407M274M3.5B3.6B
Cash6.8B9.5B8.2B8.9B9.1B5.6B
Non Currrent Assets Other(153.0B)(181.4B)(1.1B)(1.2B)493.3B517.9B
Other Assets310.4B430.9B456.2B524.8B(28.5B)(27.1B)
Cash And Short Term Investments6.8B9.5B8.2B22.2B21.9B23.0B
Common Stock Total Equity717M766M726M9.6B11.0B11.5B
Common Stock726M9.6B9.6B9.5B9.3B9.7B
Good Will10.3B14.0B13.0B14.6B14.6B11.1B
Accounts Payable4.0B3.2B3.8B3.7B4.0B3.3B
Net Receivables7.0B7.3B7.6B8.4B6.6B5.8B
Short Term Investments46.7B50.3B51.4B13.4B12.7B12.1B
Other Liab416.6B563.1B592.2B655.3B753.6B479.8B
Net Tangible Assets(3.0B)1.0B2.8B166M190.9M200.4M
Long Term Debt16.9B11.9B13.2B20.0B16.8B17.1B
Long Term Investments133.8B157.9B165.4B150.9B228.7B133.6B
Short Long Term Debt1.2B2.6B407M274M3.5B3.9B
Property Plant Equipment3.1B3.2B3.7B4.4B5.1B2.6B
Long Term Debt Total17.9B19.6B19.1B20.9B24.0B19.7B
Inventory(22.5B)(35.7B)(34.3B)(33.5B)(28.5B)(29.9B)

Pair Trading with Power

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

Moving against Power Stock

  0.61LCX Lycos EnergyPairCorr
  0.51SCD Scandium CanadaPairCorr
The ability to find closely correlated positions to Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Power 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 Power - 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 Power to buy it.
The correlation of Power 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 Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Power 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 Power 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

Other Information on Investing in Power Stock

Balance Sheet is a snapshot of the financial position of Power at a specified time, usually calculated after every quarter, six months, or one year. Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Power 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 Power currently owns. An asset can also be divided into two categories, current and non-current.