Brookfield Net Debt vs Common Stock Shares Outstanding Analysis

BEP-UN Stock  CAD 37.13  0.19  0.51%   
Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable is a good investment. Please check the relationship between Brookfield Renewable Net Debt and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Debt vs Common Stock Shares Outstanding

Net Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Net Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Brookfield Renewable's Net Debt and Common Stock Shares Outstanding is 0.87. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Brookfield Renewable Partners, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Net Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Brookfield Renewable Partners are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., Brookfield Renewable's Net Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At present, Brookfield Renewable's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 15.11, whereas Tax Provision is projected to grow to (45.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit2.7B3.3B3.1B3.3B
Total Revenue4.1B4.7B5.0B5.3B

Brookfield Renewable fundamental ratios Correlations

1.00.80.930.61.0-0.151.0-0.470.890.861.00.980.90.910.430.880.780.971.00.990.970.90.60.691.0
1.00.790.930.580.99-0.171.0-0.450.90.880.990.960.920.90.410.870.790.971.00.990.980.90.580.661.0
0.80.790.90.640.8-0.570.79-0.240.580.670.80.780.650.670.270.620.650.750.80.820.780.70.630.260.76
0.930.930.90.450.93-0.470.93-0.290.810.820.930.880.880.910.320.870.630.90.940.940.920.940.550.570.92
0.60.580.640.450.620.130.58-0.430.380.480.60.680.330.260.350.220.780.550.560.580.560.220.680.160.58
1.00.990.80.930.62-0.140.99-0.480.880.861.00.980.890.90.450.870.780.971.00.990.960.890.620.690.99
-0.15-0.17-0.57-0.470.13-0.14-0.17-0.33-0.1-0.11-0.15-0.07-0.17-0.250.2-0.180.02-0.1-0.19-0.19-0.21-0.35-0.060.16-0.12
1.01.00.790.930.580.99-0.17-0.450.90.880.990.970.910.90.410.870.790.971.00.990.980.90.580.671.0
-0.47-0.45-0.24-0.29-0.43-0.48-0.33-0.45-0.42-0.43-0.47-0.46-0.38-0.29-0.88-0.54-0.46-0.51-0.44-0.48-0.4-0.28-0.74-0.25-0.47
0.890.90.580.810.380.88-0.10.9-0.420.760.890.830.850.90.390.840.620.910.90.850.870.860.40.710.91
0.860.880.670.820.480.86-0.110.88-0.430.760.860.820.950.760.350.770.690.870.870.870.90.820.580.510.86
1.00.990.80.930.61.0-0.150.99-0.470.890.860.980.90.910.440.880.770.971.00.990.960.90.60.71.0
0.980.960.780.880.680.98-0.070.97-0.460.830.820.980.840.860.420.820.830.930.970.970.950.830.610.710.97
0.90.920.650.880.330.89-0.170.91-0.380.850.950.90.840.90.340.890.630.90.920.90.920.940.460.670.91
0.910.90.670.910.260.9-0.250.9-0.290.90.760.910.860.90.340.930.520.880.920.890.880.970.360.790.91
0.430.410.270.320.350.450.20.41-0.880.390.350.440.420.340.340.540.310.470.410.440.340.310.70.290.42
0.880.870.620.870.220.87-0.180.87-0.540.840.770.880.820.890.930.540.490.880.890.890.830.940.530.750.88
0.780.790.650.630.780.780.020.79-0.460.620.690.770.830.630.520.310.490.720.760.770.850.510.490.310.78
0.970.970.750.90.550.97-0.10.97-0.510.910.870.970.930.90.880.470.880.720.970.960.930.880.590.650.97
1.01.00.80.940.561.0-0.191.0-0.440.90.871.00.970.920.920.410.890.760.970.990.970.920.580.71.0
0.990.990.820.940.580.99-0.190.99-0.480.850.870.990.970.90.890.440.890.770.960.990.960.910.640.680.99
0.970.980.780.920.560.96-0.210.98-0.40.870.90.960.950.920.880.340.830.850.930.970.960.880.510.60.97
0.90.90.70.940.220.89-0.350.9-0.280.860.820.90.830.940.970.310.940.510.880.920.910.880.40.740.9
0.60.580.630.550.680.62-0.060.58-0.740.40.580.60.610.460.360.70.530.490.590.580.640.510.40.260.57
0.690.660.260.570.160.690.160.67-0.250.710.510.70.710.670.790.290.750.310.650.70.680.60.740.260.71
1.01.00.760.920.580.99-0.121.0-0.470.910.861.00.970.910.910.420.880.780.971.00.990.970.90.570.71
Click cells to compare fundamentals

Brookfield Renewable Account Relationship Matchups

Brookfield Renewable fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets46.2B49.7B55.9B64.1B76.1B79.9B
Short Long Term Debt Total17.7B18.1B22.0B27.5B30.5B32.0B
Other Current Liab978M4.2B1.2B3.5B2.6B2.7B
Total Current Liabilities2.4B6.5B3.2B6.1B8.0B8.4B
Total Stockholder Equity20.5B21.8B24.0B26.3B10.5B7.4B
Property Plant And Equipment Net41.1B44.6B49.4B54.3B64.0B67.2B
Current Deferred Revenue734M(297M)760M24M35M33.3M
Net Debt17.3B17.7B21.2B26.5B29.6B31.1B
Accounts Payable291M127M208M276M388M407.4M
Cash352M431M764M998M890M934.5M
Non Current Assets Total44.2B47.6B53.0B59.3B71.5B75.1B
Other Assets769M810M1.0B1.0B1.2B1.2B
Cash And Short Term Investments440M431M764M998M1.4B1.4B
Net Receivables896M893M707M831M2.1B2.2B
Common Stock Shares Outstanding220M274.8M274.9M275.4M485.6M509.9M
Liabilities And Stockholders Equity46.2B49.7B55.9B64.1B46.1B48.5B
Other Current Assets858M527M1.2B2.1B1.0B1.1B
Other Stockholder Equity17.4B16.5B19.1B21.9B25.2B26.5B
Total Liab25.7B28.0B31.9B37.8B46.1B48.5B
Property Plant And Equipment Gross30.7B44.6B49.4B54.3B64.0B67.2B
Total Current Assets2.0B2.1B2.9B4.7B4.6B4.8B
Accumulated Other Comprehensive Income5.7B4.8B6.2B6.6B6.7B7.0B
Short Term Debt1.2B2.2B1.8B2.3B5.0B5.2B
Common Stock2.3B4.2B4.0B3.6B3.1B2.8B
Non Currrent Assets Other603M196M1.1B(176M)1.2B1.3B
Non Current Liabilities Total23.3B21.5B28.6B31.7B38.1B40.0B
Intangible Assets241M232M218M209M15M14.3M
Inventory43M26M31M42M111M116.6M
Other Liab6.7B7.7B8.5B9.8B11.2B6.2B
Net Tangible Assets6.8B7.8B9.0B8.5B9.7B7.1B
Long Term Debt10.3B15.9B19.4B25.2B24.8B14.5B
Short Term Investments60M88M62M125M199M209.0M
Long Term Investments1.9B971M1.1B1.4B4.3B4.5B
Short Long Term Debt685M2.1B2.1B2.3B4.9B5.2B
Property Plant Equipment41.1B44.6B49.4B54.3B62.4B37.2B
Good Will949M970M966M3.7B1.9B1.5B
Non Current Liabilities Other39M62M130M1.8B2.6B2.8B

Pair Trading with Brookfield Renewable

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 Brookfield Renewable 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 Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable 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 Brookfield Renewable - 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 Brookfield Renewable Partners to buy it.
The correlation of Brookfield Renewable 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 Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable 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 Brookfield Renewable 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
When determining whether Brookfield Renewable is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Brookfield Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Brookfield Renewable Partners Stock. Highlighted below are key reports to facilitate an investment decision about Brookfield Renewable Partners Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Please note, there is a significant difference between Brookfield Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Renewable'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.