Clearway Non Currrent Assets Other from 2010 to 2024
| CWEN Stock | USD 29.49 0.01 0.03% |
Non Currrent Assets Other | First Reported 2012-12-31 | Previous Quarter 189 M | Current Value 205 M | Quarterly Volatility 42 M |
Check Clearway Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Clearway Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 387.2 M, Interest Expense of 245.9 M or Selling General Administrative of 23.2 M, as well as many indicators such as Price To Sales Ratio of 3.31, Dividend Yield of 0.14 or PTB Ratio of 1.13. Clearway financial statements analysis is a perfect complement when working with Clearway Energy Valuation or Volatility modules.
Clearway | Non Currrent Assets Other |
Latest Clearway Energy's Non Currrent Assets Other Growth Pattern
Below is the plot of the Non Currrent Assets Other of Clearway Energy Class over the last few years. It is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. Clearway Energy's Non Currrent Assets Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Clearway Energy's overall financial position and show how it may be relating to other accounts over time.
| Non Currrent Assets Other | 10 Years Trend |
|
Non Currrent Assets Other |
| Timeline |
Clearway Non Currrent Assets Other Regression Statistics
| Arithmetic Mean | 82,313,333 | |
| Geometric Mean | 59,940,036 | |
| Coefficient Of Variation | 61.81 | |
| Mean Deviation | 43,225,778 | |
| Median | 95,700,000 | |
| Standard Deviation | 50,881,668 | |
| Sample Variance | 2588.9T | |
| Range | 158M | |
| R-Value | 0.55 | |
| Mean Square Error | 1957.4T | |
| R-Squared | 0.30 | |
| Significance | 0.04 | |
| Slope | 6,210,357 | |
| Total Sum of Squares | 36245.2T |
Clearway Non Currrent Assets Other History
About Clearway Energy Financial Statements
Clearway Energy investors utilize fundamental indicators, such as Non Currrent Assets Other, to predict how Clearway Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Non Currrent Assets Other | 157 M | 95.7 M |
Pair Trading with Clearway 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 Clearway 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 Clearway Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Clearway Stock
| 0.42 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.38 | WAVE | Eco Wave Power | PairCorr |
| 0.33 | HTOO | Fusion Fuel Green Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Clearway 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 Clearway 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 Clearway 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 Clearway Energy Class to buy it.
The correlation of Clearway 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 Clearway Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearway Energy Class 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 Clearway 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.Check out the analysis of Clearway Energy Correlation against competitors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearway Energy. If investors know Clearway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearway Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.924 | Dividend Share 1.627 | Earnings Share 1.03 | Revenue Per Share 11.584 | Quarterly Revenue Growth 0.31 |
The market value of Clearway Energy Class is measured differently than its book value, which is the value of Clearway that is recorded on the company's balance sheet. Investors also form their own opinion of Clearway Energy's value that differs from its market value or its book value, called intrinsic value, which is Clearway Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearway Energy's market value can be influenced by many factors that don't directly affect Clearway Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clearway Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearway Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearway Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.