NiSource Shares Outstanding vs. Beta
| NI Stock | USD 29.23 0.08 0.27% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.51 | 0.45 |
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| Operating Profit Margin | 0.14 | 0.2353 |
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For NiSource profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NiSource to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NiSource utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NiSource's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NiSource over time as well as its relative position and ranking within its peers.
NiSource |
Is NiSource'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 NiSource. If investors know NiSource 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 NiSource 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 0.075 | Dividend Share 1.03 | Earnings Share 1.54 | Revenue Per Share 12.346 | Quarterly Revenue Growth (0.13) |
The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource'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 NiSource's market value can be influenced by many factors that don't directly affect NiSource'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 NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource'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.
NiSource Beta vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NiSource's current stock value. Our valuation model uses many indicators to compare NiSource value to that of its competitors to determine the firm's financial worth. NiSource is considered to be number one stock in shares outstanding category among related companies. It is regarded third in beta category among related companies . The ratio of Shares Outstanding to Beta for NiSource is about 932,027,010 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NiSource by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NiSource's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NiSource's earnings, one of the primary drivers of an investment's value.NiSource Beta vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
NiSource |
| = | 448.3 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NiSource |
| = | 0.48 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
NiSource Beta Comparison
NiSource is currently under evaluation in beta category among related companies.
Beta Analysis
As returns on the market increase, NiSource's returns are expected to increase less than the market. However, during the bear market, the loss of holding NiSource is expected to be smaller as well.
NiSource Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NiSource, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NiSource will eventually generate negative long term returns. The profitability progress is the general direction of NiSource's change in net profit over the period of time. It can combine multiple indicators of NiSource, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -33.6 M | -35.3 M | |
| Operating Income | 1.3 B | 820.1 M | |
| Net Income | 674.4 M | 708.1 M | |
| Income Tax Expense | 139.5 M | 101.2 M | |
| Income Before Tax | 813.9 M | 507.1 M | |
| Total Other Income Expense Net | -3.9 M | -4.1 M | |
| Net Income Applicable To Common Shares | 861.4 M | 904.4 M | |
| Net Income From Continuing Ops | 674.4 M | 402.4 M | |
| Non Operating Income Net Other | 60 M | 63 M | |
| Interest Income | 9 M | 8.6 M | |
| Net Interest Income | -480.6 M | -504.6 M | |
| Change To Netincome | 80.4 M | 76.4 M | |
| Net Income Per Share | 1.72 | 1.80 | |
| Income Quality | 2.87 | 3.01 | |
| Net Income Per E B T | 0.88 | 0.48 |
NiSource Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NiSource. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NiSource position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NiSource's important profitability drivers and their relationship over time.
Use NiSource in pair-trading
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 NiSource 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 NiSource will appreciate offsetting losses from the drop in the long position's value.NiSource Pair Trading
NiSource Pair Trading Analysis
The ability to find closely correlated positions to NiSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NiSource 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 NiSource - 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 NiSource to buy it.
The correlation of NiSource 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 NiSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NiSource 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 NiSource 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.Use Investing Themes to Complement your NiSource position
In addition to having NiSource in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large Blend Funds Thematic Idea Now
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Fund or Etfs that invest in stocks of large organizations that have characteristics of both growth and value companies. The Large Blend Funds theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Blend Funds Theme or any other thematic opportunities.
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Check out Correlation Analysis. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running NiSource's price analysis, check to measure NiSource'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 NiSource is operating at the current time. Most of NiSource's value examination focuses on studying past and present price action to predict the probability of NiSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NiSource's price. Additionally, you may evaluate how the addition of NiSource to your portfolios can decrease your overall portfolio volatility.
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To fully project NiSource's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NiSource at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NiSource's income statement, its balance sheet, and the statement of cash flows.