Energy Income Quality from 2010 to 2024
| ET Stock | USD 15.73 0.25 1.56% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.80487344 | Current Value 1.71 | Quarterly Volatility 23.89115551 |
Check Energy Transfer financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Energy main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.6 B, Interest Expense of 1.4 B or Total Revenue of 82.5 B, as well as many exotic indicators such as Price To Sales Ratio of 0.75, Dividend Yield of 0.0647 or PTB Ratio of 0.94. Energy financial statements analysis is a perfect complement when working with Energy Transfer Valuation or Volatility modules.
Energy | Income Quality |
Latest Energy Transfer's Income Quality Growth Pattern
Below is the plot of the Income Quality of Energy Transfer LP over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Energy Transfer's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Energy Transfer's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Energy Income Quality Regression Statistics
| Arithmetic Mean | 11.03 | |
| Geometric Mean | 2.90 | |
| Coefficient Of Variation | 216.64 | |
| Mean Deviation | 15.18 | |
| Median | 1.87 | |
| Standard Deviation | 23.89 | |
| Sample Variance | 570.79 | |
| Range | 83.0703 | |
| R-Value | 0.03 | |
| Mean Square Error | 613.99 | |
| R-Squared | 0 | |
| Significance | 0.90 | |
| Slope | 0.18 | |
| Total Sum of Squares | 7,991 |
Energy Income Quality History
About Energy Transfer Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Energy Transfer income statement, its balance sheet, and the statement of cash flows. Energy Transfer investors use historical funamental indicators, such as Energy Transfer's Income Quality, to determine how well the company is positioned to perform in the future. Although Energy Transfer investors may use each financial statement separately, they are all related. The changes in Energy Transfer's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Energy Transfer's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Energy Transfer Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Energy Transfer. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.80 | 1.71 |
Pair Trading with Energy Transfer
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 Energy Transfer 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 Energy Transfer will appreciate offsetting losses from the drop in the long position's value.Moving together with Energy Stock
| 0.96 | AM | Antero Midstream Partners | PairCorr |
Moving against Energy Stock
| 0.76 | TK | Teekay | PairCorr |
| 0.73 | EURN | Euronav NV Earnings Call Next Week | PairCorr |
| 0.58 | CQP | Cheniere Energy Partners Financial Report 7th of May 2024 | PairCorr |
| 0.43 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Energy Transfer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Transfer 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 Energy Transfer - 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 Energy Transfer LP to buy it.
The correlation of Energy Transfer 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 Energy Transfer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Transfer LP 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 Energy Transfer 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 Energy Transfer Correlation against competitors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Energy Stock analysis
When running Energy Transfer's price analysis, check to measure Energy Transfer'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 Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is Energy Transfer's industry 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 Energy Transfer. If investors know Energy 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 Energy Transfer 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 0.081 | Dividend Share 1.245 | Earnings Share 1.09 | Revenue Per Share 24.856 | Quarterly Revenue Growth 0.002 |
The market value of Energy Transfer LP is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Transfer's value that differs from its market value or its book value, called intrinsic value, which is Energy Transfer'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 Energy Transfer's market value can be influenced by many factors that don't directly affect Energy Transfer'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 Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer'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.