Connecticut Natural Gas Stock Total Debt
| CTGSP Stock | USD 2.00 0.00 0.00% |
Connecticut Natural Gas fundamentals help investors to digest information that contributes to Connecticut Natural's financial success or failures. It also enables traders to predict the movement of Connecticut Pink Sheet. The fundamental analysis module provides a way to measure Connecticut Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Connecticut Natural pink sheet.
Connecticut |
Connecticut Natural Gas Company Total Debt Analysis
Connecticut Natural's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Based on the latest financial disclosure, Connecticut Natural Gas has a Total Debt of 0.0. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas E&P industry. The total debt for all United States stocks is 100.0% higher than that of the company.
Connecticut Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Connecticut Natural's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Connecticut Natural could also be used in its relative valuation, which is a method of valuing Connecticut Natural by comparing valuation metrics of similar companies.Connecticut Natural is currently under evaluation in total debt category among related companies.
Connecticut Fundamentals
| Price To Earning | 6.68 X | |||
| Revenue | 364.31 M | |||
| Gross Profit | 87.79 M | |||
| EBITDA | 51.88 M | |||
| Net Income | 15.01 M | |||
| Cash And Equivalents | 952 K | |||
| Cash Per Share | 0.09 X | |||
| Debt To Equity | 42.60 % | |||
| Current Ratio | 0.82 X | |||
| Book Value Per Share | 35.33 X | |||
| Cash Flow From Operations | 42.11 M | |||
| Beta | 0.11 | |||
| Market Capitalization | 63.81 M | |||
| Total Asset | 1 B | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 1 B | |||
| Last Dividend Paid | 0.0625 |
About Connecticut Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Connecticut Natural Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Connecticut Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Connecticut Natural Gas based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Connecticut Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Connecticut Natural's short interest history, or implied volatility extrapolated from Connecticut Natural options trading.
Pair Trading with Connecticut Natural
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 Connecticut Natural 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 Connecticut Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Connecticut Pink Sheet
| 0.94 | COP | ConocoPhillips Sell-off Trend | PairCorr |
| 0.88 | CNQ | Canadian Natural Res Sell-off Trend | PairCorr |
| 0.93 | EOG | EOG Resources | PairCorr |
| 0.95 | PXD | Pioneer Natural Resources | PairCorr |
Moving against Connecticut Pink Sheet
| 0.94 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.82 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.7 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.54 | BKRKY | Bank Rakyat | PairCorr |
| 0.54 | PPERY | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Connecticut Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connecticut Natural 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 Connecticut Natural - 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 Connecticut Natural Gas to buy it.
The correlation of Connecticut Natural 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 Connecticut Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connecticut Natural Gas 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 Connecticut Natural 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Connecticut Natural Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Connecticut Pink Sheet analysis
When running Connecticut Natural's price analysis, check to measure Connecticut Natural'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 Connecticut Natural is operating at the current time. Most of Connecticut Natural's value examination focuses on studying past and present price action to predict the probability of Connecticut Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Connecticut Natural's price. Additionally, you may evaluate how the addition of Connecticut Natural to your portfolios can decrease your overall portfolio volatility.
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