Emera Financial Statements From 2010 to 2024
| EMA-PH Preferred Stock | CAD 24.02 0.08 0.33% |
Check Emera financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Emera's main balance sheet or income statement drivers, such as , as well as many indicators such as . Emera financial statements analysis is a perfect complement when working with Emera Valuation or Volatility modules.
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About Emera Financial Statements
Emera stakeholders use historical fundamental indicators, such as Emera's revenue or net income, to determine how well the company is positioned to perform in the future. Although Emera investors may analyze each financial statement separately, they are all interrelated. For example, changes in Emera's assets and liabilities are reflected in the revenues and expenses on Emera'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 Emera Inc. Please read more on our technical analysis and fundamental analysis pages.
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. As of December 31, 2019, it served approximately 406,000 customers in Florida 534,000 customers in New Mexico 523,000 customers in Nova Scotia 159,000 customers in the state of Maine and 131,000 customers in the Island of Barbados. EMERA INC operates under UtilitiesDiversified classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Emera
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 Emera 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 Emera will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Emera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera 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 Emera - 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 Emera Inc to buy it.
The correlation of Emera 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 Emera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Inc 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 Emera 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 Emera Preferred Stock
Emera financial ratios help investors to determine whether Emera Preferred Stock 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 Emera with respect to the benefits of owning Emera security.