Emera Inc Stock Today
| EMA Stock | CAD 46.48 0.05 0.11% |
Performance0 of 100
| Odds Of DistressLess than 13
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Emera is selling at 46.48 as of the 2nd of May 2024; that is 0.11 percent up since the beginning of the trading day. The stock's open price was 46.43. Emera has less than a 13 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Emera Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
Business Domain Utilities |
Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company was incorporated in 1998 and is headquartered in Halifax, Canada. EMERA INCORPORATED operates under Diversified Utilities classification in Canada and is traded on Toronto Stock Exchange.. The company has 286.28 M outstanding shares of which 5.72 M shares are currently shorted by private and institutional investors with about 5.18 days to cover all short positions. More on Emera Inc
Moving against Emera Stock
| 0.46 | WEED | Canopy Growth Corp | PairCorr |
| 0.44 | DML | Denison Mines Corp Earnings Call This Week | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Emera Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Emera's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Emera or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Emera's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Emera's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Nancy Tower | ||||
| Business Concentration | Electric Utilities, Utilities - Regulated Electric, Utilities, Utilities, Electric Utilities, Utilities—Regulated Electric, Utilities (View all Sectors) | ||||
| Excise Tax Activities | Coal | ||||
Emera's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Emera's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Emera's financial leverage. It provides some insight into what part of Emera's total assets is financed by creditors.
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Emera Inc (EMA) is traded on Toronto Exchange in Canada and employs 7,366 people. Emera is listed under Electric Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 13.29 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Emera's market, we take the total number of its shares issued and multiply it by Emera's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Emera Inc operates under Electric Utilities sector and is part of Utilities industry. The entity has 286.28 M outstanding shares of which 5.72 M shares are currently shorted by private and institutional investors with about 5.18 days to cover all short positions.
Emera Inc has accumulated about 310 M in cash with 2.24 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.03.
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Ownership AllocationEmera holds a total of 286.28 Million outstanding shares. 30% of Emera Inc outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Emera Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Emera jumping above the current price in 90 days from now is about 69.15%. The Emera Inc probability density function shows the probability of Emera stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Emera has a beta of 0.852 suggesting Emera Inc market returns are highly reactive to returns on the market. As the market goes up or down, Emera is expected to follow. Additionally, emera Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Emera to move above the current price in 90 days from now is about 69.15 (This Emera Inc probability density function shows the probability of Emera Stock to fall within a particular range of prices over 90 days) .
Emera Inc Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Emera market risk premium is the additional return an investor will receive from holding Emera long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Emera. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Emera's alpha and beta are two of the key measurements used to evaluate Emera's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.672 | |||
| Standard Deviation | 0.9555 | |||
| Variance | 0.913 | |||
| Risk Adjusted Performance | (0.01) |
Emera Stock Against Markets
Picking the right benchmark for Emera stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Emera stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Emera is critical whether you are bullish or bearish towards Emera Inc at a given time. Please also check how Emera's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Emera without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Emera Corporate Directors
Emera corporate directors refer to members of an Emera board of directors. The board of directors generally takes responsibility for the Emera's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Emera's board members must vote for the resolution. The Emera board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Bertram | Independent Director | Profile | |
| Donald Pether | Independent Director | Profile | |
| Henry Demone | Independent Director | Profile | |
| Andrea Rosen | Independent Director | Profile |
How to buy Emera Stock?
Before investing in Emera, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Emera. To buy Emera stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Emera. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Emera stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Emera Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Emera Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Emera Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Emera Inc?
The danger of trading Emera Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Emera is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Emera. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Emera Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emera Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Emera Inc information on this page should be used as a complementary analysis to other Emera's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Emera Stock analysis
When running Emera's price analysis, check to measure Emera'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 Emera is operating at the current time. Most of Emera's value examination focuses on studying past and present price action to predict the probability of Emera's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emera's price. Additionally, you may evaluate how the addition of Emera to your portfolios can decrease your overall portfolio volatility.
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