Duke Energy Stock Current Ratio
DUKB34 Stock | BRL 505.50 0.00 0.00% |
Duke Energy fundamentals help investors to digest information that contributes to Duke Energy's financial success or failures. It also enables traders to predict the movement of Duke Stock. The fundamental analysis module provides a way to measure Duke Energy'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 Duke Energy stock.
Duke |
Duke Energy Company Current Ratio Analysis
Duke Energy's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Duke Energy Current Ratio | 0.75 X |
Most of Duke Energy's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Duke Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition |
In accordance with the recently published financial statements, Duke Energy has a Current Ratio of 0.75 times. This is 42.31% lower than that of the Utilities sector and 19.35% lower than that of the Utilities - Regulated Electric industry. The current ratio for all Brazil stocks is 65.28% higher than that of the company.
Duke Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Duke Energy's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Duke Energy could also be used in its relative valuation, which is a method of valuing Duke Energy by comparing valuation metrics of similar companies.Duke Energy is currently under evaluation in current ratio category among related companies.
Duke Fundamentals
Return On Equity | 0.0759 | |||
Return On Asset | 0.0232 | |||
Profit Margin | 0.09 % | |||
Operating Margin | 0.22 % | |||
Current Valuation | 825.14 B | |||
Shares Outstanding | 770.06 M | |||
Price To Earning | 83.69 X | |||
Price To Book | 1.63 X | |||
Price To Sales | 15.26 X | |||
Revenue | 28.77 B | |||
Gross Profit | 12.98 B | |||
EBITDA | 11.78 B | |||
Net Income | 2.67 B | |||
Cash And Equivalents | 379 M | |||
Cash Per Share | 0.52 X | |||
Total Debt | 67.06 B | |||
Debt To Equity | 135.10 % | |||
Current Ratio | 0.75 X | |||
Book Value Per Share | 61.66 X | |||
Cash Flow From Operations | 5.93 B | |||
Earnings Per Share | 25.93 X | |||
Price To Earnings To Growth | 3.60 X | |||
Number Of Employees | 28 K | |||
Beta | 0.41 | |||
Market Capitalization | 396.99 B | |||
Total Asset | 178.26 B | |||
Z Score | 3.0 | |||
Annual Yield | 0.04 % | |||
Net Asset | 178.26 B |
About Duke Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Duke Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Duke Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Duke Energy 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.
Pair Trading with Duke Energy
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 Duke Energy 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 Duke Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Duke Stock
0.77 | ENMT4 | Energisa Mato Grosso | PairCorr |
Moving against Duke Stock
0.9 | ELET3 | Centrais Eltricas | PairCorr |
0.89 | ELET6 | Centrais Eltricas | PairCorr |
0.84 | ENGI11 | Energisa SA | PairCorr |
0.82 | ENGI4 | Energisa SA | PairCorr |
0.58 | ITUB4 | Ita Unibanco Holding | PairCorr |
The ability to find closely correlated positions to Duke Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duke Energy 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 Duke Energy - 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 Duke Energy to buy it.
The correlation of Duke Energy 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 Duke Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duke Energy 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 Duke Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Duke Stock refer to our How to Trade Duke Stock guide.Note that the Duke Energy information on this page should be used as a complementary analysis to other Duke Energy'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 Duke Stock analysis
When running Duke Energy's price analysis, check to measure Duke 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 Duke Energy is operating at the current time. Most of Duke Energy's value examination focuses on studying past and present price action to predict the probability of Duke 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 Duke Energy's price. Additionally, you may evaluate how the addition of Duke Energy to your portfolios can decrease your overall portfolio volatility.
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