Ninepoint Energy Financial Statements From 2010 to 2024
| 0P0000732C | CAD 27.73 0.16 0.58% |
Check Ninepoint Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ninepoint Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ninepoint financial statements analysis is a perfect complement when working with Ninepoint Energy Valuation or Volatility modules.
Ninepoint |
Ninepoint Energy Fund Net Asset Analysis
Ninepoint Energy's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Ninepoint Energy Net Asset | 84.45 M |
Most of Ninepoint Energy's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ninepoint Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Ninepoint Energy has a Net Asset of 84.45 M. This is much higher than that of the Ninepoint Partners LP family and significantly higher than that of the Energy Equity category. The net asset for all Canada funds is notably lower than that of the firm.
Ninepoint Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ninepoint Energy's current stock value. Our valuation model uses many indicators to compare Ninepoint Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ninepoint Energy competition to find correlations between indicators driving Ninepoint Energy's intrinsic value. More Info.Ninepoint Energy is fourth largest fund in one year return among similar funds. It also is fourth largest fund in three year return among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ninepoint Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ninepoint Energy's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Ninepoint Energy Financial Statements
Ninepoint Energy stakeholders use historical fundamental indicators, such as Ninepoint Energy's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ninepoint Energy investors may analyze each financial statement separately, they are all interrelated. For example, changes in Ninepoint Energy's assets and liabilities are reflected in the revenues and expenses on Ninepoint Energy's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Ninepoint Energy. Please read more on our technical analysis and fundamental analysis pages.
The Fund invests primarily in equity and equity-related securities of companies that are involved directly or indirectly in the exploration, development, production and distribution of oil, gas, coal, or uranium and other related activities in the energy and resource sector. Ninepoint Energy is traded on Toronto Stock Exchange in Canada.
Pair Trading with Ninepoint Energy
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 Ninepoint Energy 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 Ninepoint Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Ninepoint Fund
| 0.68 | 0P00007065 | RBC mondial dnergie | PairCorr |
The ability to find closely correlated positions to Ninepoint Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Energy 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 Ninepoint Energy - 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 Ninepoint Energy to buy it.
The correlation of Ninepoint Energy 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 Ninepoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Energy 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 Ninepoint Energy 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.Other Information on Investing in Ninepoint Fund
Ninepoint Energy financial ratios help investors to determine whether Ninepoint Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ninepoint with respect to the benefits of owning Ninepoint Energy security.
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