ES Stock | | | USD 59.99 0.55 0.91% |
Eversource Energy financial indicator trend analysis is much more than just examining Eversource Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eversource Energy is a good investment. Please check the relationship between Eversource Energy Property Plant Equipment and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eversource Stock please use our
How to Invest in Eversource Energy guide.
Property Plant Equipment vs Total Assets
Property Plant Equipment vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eversource Energy Property Plant Equipment account and
Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Eversource Energy's Property Plant Equipment and Total Assets is 0.99. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Assets in the same time period over historical financial statements of Eversource Energy, assuming nothing else is changed. The correlation between historical values of Eversource Energy's Property Plant Equipment and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Eversource Energy are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant Equipment i.e., Eversource Energy's Property Plant Equipment and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Total Assets
Total assets refers to the total amount of Eversource Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eversource Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Eversource Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eversource Energy 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
For more information on how to buy Eversource Stock please use our
How to Invest in Eversource Energy guide.At this time, Eversource Energy's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 36.31 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Eversource Energy fundamental ratios Correlations
Click cells to compare fundamentals
Eversource Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eversource Energy fundamental ratios Accounts
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Additional Tools for Eversource Stock Analysis
When running Eversource Energy's price analysis, check to
measure Eversource Energy'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 Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to
predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.