The Connecticut Light Stock Net Asset
| CNLHO Stock | USD 36.06 2.92 7.49% |
The Connecticut Light fundamentals help investors to digest information that contributes to Connecticut Light's financial success or failures. It also enables traders to predict the movement of Connecticut Pink Sheet. The fundamental analysis module provides a way to measure Connecticut Light's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Connecticut Light pink sheet.
Connecticut |
The Connecticut Light Company Net Asset Analysis
Connecticut Light'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.
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.
| Competition |
Based on the recorded statements, The Connecticut Light has a Net Asset of 0.0. This indicator is about the same for the Utilities average (which is currently at 0.0) sector and about the same as Utilities—Regulated Electric (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Connecticut Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Connecticut Light's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Connecticut Light could also be used in its relative valuation, which is a method of valuing Connecticut Light by comparing valuation metrics of similar companies.Connecticut Light is currently under evaluation in net asset category among its peers.
Connecticut Fundamentals
| Return On Equity | 8.5 | |||
| Return On Asset | 3.42 | |||
| Profit Margin | 11.26 % | |||
| Operating Margin | 18.57 % | |||
| Current Valuation | 4.65 B | |||
| Shares Outstanding | 6.04 M | |||
| Price To Earning | 0.54 X | |||
| Price To Book | 0.05 X | |||
| Price To Sales | 0.06 X | |||
| Revenue | 4.14 B | |||
| Gross Profit | 1.5 B | |||
| EBITDA | 1.12 B | |||
| Net Income | 461.02 M | |||
| Cash And Equivalents | 9.2 M | |||
| Cash Per Share | 1.52 X | |||
| Total Debt | 4.28 B | |||
| Debt To Equity | 0.74 % | |||
| Current Ratio | 0.80 X | |||
| Book Value Per Share | 835.89 X | |||
| Cash Flow From Operations | 627.48 M | |||
| Earnings Per Share | 74.96 X | |||
| Number Of Employees | 1.38 K | |||
| Beta | 0.03 | |||
| Market Capitalization | 245.93 M | |||
| Five Year Return | 4.54 % | |||
| Last Dividend Paid | 2.25 |
About Connecticut Light Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The Connecticut Light's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Connecticut Light using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Connecticut Light based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Connecticut Light
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 Connecticut Light 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 Connecticut Light will appreciate offsetting losses from the drop in the long position's value.Moving against Connecticut Pink Sheet
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| 0.34 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.33 | LUNR | Intuitive Machines | PairCorr |
| 0.33 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
The ability to find closely correlated positions to Connecticut Light could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Light 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 Connecticut Light - 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 The Connecticut Light to buy it.
The correlation of Connecticut Light 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 Connecticut Light moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Light 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 Connecticut Light 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 Connecticut Pink Sheet
Connecticut Light financial ratios help investors to determine whether Connecticut Pink Sheet 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 Connecticut with respect to the benefits of owning Connecticut Light security.