Avangrid Return On Tangible Assets from 2010 to 2024

AGR Stock  USD 35.62  0.08  0.23%   
Avangrid Return On Tangible Assets yearly trend continues to be relatively stable with very little volatility. Return On Tangible Assets are likely to grow to 0.02 this year. Return On Tangible Assets is a profitability metric that measures a company's ability to generate earnings from its tangible assets. View All Fundamentals
 
Return On Tangible Assets  
First Reported
2010-12-31
Previous Quarter
0.01936628
Current Value
0.0229
Quarterly Volatility
0.00400469
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Avangrid financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avangrid's main balance sheet or income statement drivers, such as Interest Expense of 429.4 M, Total Revenue of 8.7 B or Gross Profit of 2.9 B, as well as many indicators such as Price To Sales Ratio of 1.31, Dividend Yield of 0.0479 or PTB Ratio of 0.61. Avangrid financial statements analysis is a perfect complement when working with Avangrid Valuation or Volatility modules.
  
Check out the analysis of Avangrid Correlation against competitors.
To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Latest Avangrid's Return On Tangible Assets Growth Pattern

Below is the plot of the Return On Tangible Assets of Avangrid over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Avangrid's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avangrid's overall financial position and show how it may be relating to other accounts over time.
Return On Tangible Assets10 Years Trend
Very volatile
   Return On Tangible Assets   
       Timeline  

Avangrid Return On Tangible Assets Regression Statistics

Arithmetic Mean0.02
Geometric Mean0.02
Coefficient Of Variation19.77
Mean Deviation0
Median0.02
Standard Deviation0
Sample Variance0.000016
Range0.0138
R-Value(0.07)
Mean Square Error0.000017
R-Squared0.01
Significance0.79
Slope(0.000066)
Total Sum of Squares0.0002

Avangrid Return On Tangible Assets History

2024 0.0229
2023 0.0194
2022 0.0234
2021 0.0196
2020 0.0169
2018 0.0205
2017 0.0133

About Avangrid Financial Statements

Avangrid shareholders use historical fundamental indicators, such as Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although Avangrid investors may analyze each financial statement separately, they are all interrelated. The changes in Avangrid's assets and liabilities, for example, are also reflected in the revenues and expenses on on Avangrid's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.02  0.02 

Pair Trading with Avangrid

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

Moving against Avangrid Stock

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

Additional Tools for Avangrid Stock Analysis

When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.