Oct 13 close Sign in

Energy & power

Emera (EMA)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Sell31 / 100

Sell: 31 is at or below your Sell line of 40. Off the high (−15% from its 1-year high) scores 49 and lifts it; Plays in (23%) scores 23 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightEMAPointsWeightAdds
Plays in23%23409.2
Off the high−15% from its 1-year high493014.7
Trend−7% vs 200-day25307.5
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for EMA
FactorEMAPointsWhat it is
Plays in23%23The share of the plays you count that hold it now.
Analysts' upside+14% · 11 analysts48How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating2.5 · hold25The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E20.6×63Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E17.8×42Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG2.8118P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales2.2×67Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book1.5×85Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield4.5%85Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth−24%17Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+1%13Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin12%52Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity8%34Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity1.54×16Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−15% from its 1-year high49How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend−7% vs 200-day25How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum−1%32The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on EMA

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in23 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple0.93×Price ÷ its 200-day average (−7%). Higher than on 6% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about EMA now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved EMA lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Tue Oct 6−3.3% against the S&P/TSX2.6× a normal day

EMA −2.9%, the S&P/TSX +0.4% that session; −6.2% against the S&P/TSX over five sessions.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on EMA

All 100 plays, by family.

Calls right: how often the play's calls on EMA went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTJul 29, 2026 −13.7%Enter above C$67.33 (+3.6%)26% 169/661+3.1% / +10.9%−28.7% / −29.7%
Bull Market Support BandBenjamin Cowen · weeklyOUTAug 7, 2026 −8.3%Enter above C$71.51 (+10.1%)28% 29/103+7.4% / +10.9%−24.1% / −29.7%
Ripster EMA CloudRipster · dailyOUTAug 4, 2026 −11.8%Enter above C$69.04 (+6.2%)19% 79/423+2.5% / +10.9%−35.7% / −29.7%
Trend TemplateMark Minervini · dailyOUTAug 4, 2026 −11.8%Enter above C$224.47 (+245.4%)16% 14/90+2.3% / +10.8%−18.5% / −29.7%
Stage AnalysisStan Weinstein · weeklyOUTAug 21, 2026 −5.9%Enter above C$79.21 (+21.9%)21% 19/91+4.5% / +10.9%−35.5% / −29.7%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTAug 7, 2026 −8.3%Enter above C$76.04 (+17.0%)21% 24/117+1.5% / +10.9%−37.0% / −29.7%
10-Month SMAMeb Faber · month-endOUTAug 31, 2026 −6.5%Enter above C$70.65 (+8.7%)35% 13/37+9.2% / +10.9%−29.7% / −29.7%
200-Day RulePaul Tudor Jones · dailyOUTSep 9, 2026 −6.7%Enter above C$70.19 (+8.0%)14% 26/181+5.6% / +10.9%−43.6% / −29.7%
Golden CrossMarket tradition · dailyOUTOct 6, 2026 −2.0%Enter above C$136.56 (+110.2%)35% 13/37+7.1% / +10.9%−29.7% / −29.7%
Granville 200-DayJoseph E. Granville · dailyOUTSep 9, 2026 −6.7%Enter above C$70.19 (+8.0%)13% 18/143+5.3% / +10.9%−38.2% / −29.7%
Hull Moving AverageAlan Hull · weeklyOUTAug 7, 2026 −8.3%Enter above C$69.93 (+7.6%)35% 49/139+5.7% / +10.9%−27.1% / −29.7%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTAug 21, 2026 −5.9%Enter above C$66.97 (+3.1%)24% 186/775+2.1% / +10.9%−33.7% / −29.7%
TEMA CrossoverPatrick G. Mulloy · dailyOUTOct 9, 2026 −0.3%Enter above C$66.09 (+1.7%)40% 100/250+6.5% / +10.9%−18.4% / −29.7%
Seykota 15/150Ed Seykota · dailyINAug 7, 2024 +46.5%Exit below C$56.70 (−12.7%)30% 6/20+7.8% / +11.0%−37.8% / −29.7%
Guppy Multiple MAsDaryl Guppy · dailyOUTAug 6, 2026 −10.1%Enter above C$93.60 (+44.0%)26% 35/135+5.8% / +10.9%−26.4% / −29.7%
Ichimoku CloudGoichi Hosoda · dailyOUTAug 7, 2026 −8.3%Not on one close28% 36/127+6.1% / +10.9%−28.6% / −29.7%
SupertrendOlivier Seban · dailyOUTAug 5, 2026 −10.1%Enter above C$68.42 (+5.3%)35% 52/147+3.2% / +10.9%−28.9% / −29.7%
Williams AlligatorBill Williams · dailyOUTAug 6, 2026 −10.1%Not on one close38% 120/318+3.9% / +10.9%−24.9% / −29.7%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTOct 6, 2026 −2.0%Enter above C$70.98 (+9.2%)32% 173/537+3.7% / +10.9%−32.7% / −29.7%
AroonTushar S. Chande · dailyOUTAug 4, 2026 −11.8%Enter above C$70.29 (+8.2%)36% 79/218+3.8% / +10.9%−28.7% / −29.7%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTOct 6, 2026 −2.0%Enter above C$67.87 (+4.4%)39% 205/531+3.3% / +10.9%−46.0% / −29.7%
ADX TrendJ. Welles Wilder Jr. · dailyOUTApr 20, 2026 −6.7%Enter above C$68.72 (+5.8%)28% 49/176+1.9% / +10.9%−23.1% / −29.7%
MACD Zero LineGerald Appel · dailyOUTAug 6, 2026 −10.1%Enter above C$79.67 (+22.6%)28% 50/179+5.1% / +10.9%−33.6% / −29.7%
Zweig 4% ModelMartin Zweig · weeklyOUTAug 7, 2026 −8.3%Enter above C$67.81 (+4.4%)37% 44/119+5.4% / +10.9%−28.7% / −29.7%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTAug 5, 2026 −10.1%Enter above C$74.90 (+15.3%)31% 74/241+3.9% / +10.9%−20.8% / −29.7%
Schaff Trend CycleDoug Schaff · dailyOUTOct 6, 2026 −2.0%Not on one close34% 80/236+3.7% / +10.9%−27.4% / −29.7%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTAug 6, 2026 −10.1%Enter above C$79.14 (+21.8%)32% 36/113+4.9% / +10.9%−27.2% / −29.7%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTAug 12, 2026 −8.5%Enter above C$97.76 (+50.4%)32% 31/97+6.9% / +10.9%−35.3% / −29.7%
Elder Triple ScreenAlexander Elder · dailyOUTJul 31, 2026 −13.3%Not on one close36% 57/158+4.6% / +10.9%−12.8% / −29.7%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTMay 27, 2025 +9.3%Not on one close44% 24/54+2.1% / +10.9%−8.8% / −29.7%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTAug 5, 2026 −10.1%Enter above C$69.30 (+6.6%)35% 44/124+4.9% / +10.9%−23.2% / −29.7%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTAug 4, 2026 −11.8%Enter above C$74.74 (+15.0%)33% 45/138+2.8% / +10.9%−23.7% / −29.7%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTAug 5, 2026 −10.1%Enter above C$77.24 (+18.9%)27% 29/106+2.0% / +10.9%−22.9% / −29.7%
Clenow TrendAndreas F. Clenow · dailyOUTAug 5, 2026 −10.1%Enter above C$119.96 (+84.6%)25% 30/121+1.4% / +10.9%−26.2% / −29.7%
Darvas BoxNicolas Darvas · dailyOUTAug 21, 2026 −5.9%Not on one close34% 37/110+5.2% / +10.9%−17.2% / −29.7%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTJul 29, 2026 −13.7%Enter above C$70.74 (+8.9%)35% 43/122+4.4% / +10.9%−15.8% / −29.7%
Bollinger BreakoutJohn Bollinger · dailyOUTJul 29, 2026 −13.7%Enter above C$70.48 (+8.5%)34% 71/206+4.1% / +10.9%−20.2% / −29.7%
Chandelier ExitChuck LeBeau · dailyOUTAug 4, 2026 −11.8%Enter above C$69.03 (+6.2%)29% 59/201+1.2% / +10.9%−31.8% / −29.7%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTAug 5, 2026 −10.1%Enter above C$68.42 (+5.3%)35% 58/167+2.8% / +10.9%−30.7% / −29.7%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyINAug 30, 2024 +42.3%Exit below C$52.48 (−19.2%)30% 10/33+5.2% / +10.9%−31.6% / −29.7%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTAug 4, 2026 −11.8%Enter above C$68.14 (+4.9%)24% 73/299+2.7% / +10.9%−32.8% / −29.7%
Acceleration BandsPrice Headley · dailyOUTOct 21, 2025 −1.9%Not on one close28% 37/134+1.5% / +10.9%−11.6% / −29.7%
TTM SqueezeJohn F. Carter · dailyOUTMay 29, 2026 −9.0%Not on one close29% 47/160+1.4% / +10.9%−16.7% / −29.7%
NR7 BreakoutToby Crabel · dailyOUTSep 10, 2026 −5.1%Enter above C$68.42 (+5.3%)35% 214/610+5.6% / +10.9%−20.6% / −29.7%
Bollinger SqueezeJohn Bollinger · dailyOUTMay 29, 2026 −9.0%Not on one close17% 6/36+1.6% / +10.9%−9.4% / −29.7%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINAug 30, 2024 +42.3%Exit below C$67.05 (+3.2%)25% 5/20+7.8% / +10.7%−29.7% / −29.7%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINAug 30, 2024 +42.3%Not on one close44% 7/16+8.8% / +10.7%−29.7% / −29.7%
Dual MomentumGary Antonacci · month-endOUTAug 31, 2026 −6.5%Enter above C$74.55 (+14.7%)39% 13/33+6.3% / +10.7%−29.7% / −29.7%
Stocks on the MoveAndreas F. Clenow · dailyOUTAug 5, 2026 −10.1%Not on one close17% 30/177+4.6% / +10.9%−24.7% / −29.7%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endINJul 31, 2024 +47.0%Exit below C$65.25 (+0.4%)50% 4/8+8.8% / +10.9%−29.7% / −29.7%
Levy Relative StrengthRobert A. Levy · weeklyOUTJul 31, 2026 −13.3%Enter above C$74.28 (+14.3%)33% 41/124+4.2% / +10.9%−37.2% / −29.7%
MACD Signal CrossGerald Appel · dailyOUTOct 7, 2026 −0.6%Enter above C$68.21 (+5.0%)32% 156/488+2.6% / +10.9%−30.4% / −29.7%
Elder ImpulseAlexander Elder · dailyOUTOct 6, 2026 −2.0%Enter above C$66.67 (+2.6%)29% 227/785+3.0% / +10.9%−34.9% / −29.7%
Know Sure ThingMartin J. Pring · dailyOUTOct 9, 2026 −0.3%Enter above C$70.01 (+7.7%)40% 118/296+5.2% / +10.9%−18.8% / −29.7%
Coppock CurveEdwin S. C. Coppock · month-endINJul 31, 2024 +47.0%Not on one close46% 6/13+8.5% / +11.0%−29.7% / −29.7%
CCI +100Donald R. Lambert · dailyOUTJul 29, 2026 −13.7%Enter above C$71.08 (+9.4%)26% 166/648−0.3% / +10.9%−30.5% / −29.7%
TRIX Signal CrossJack K. Hutson · dailyOUTOct 9, 2026 −0.3%Enter above C$72.43 (+11.5%)41% 112/274+6.0% / +10.9%−17.5% / −29.7%
TSI Zero LineWilliam Blau · dailyOUTAug 6, 2026 −10.1%Enter above C$80.10 (+23.3%)29% 51/177+5.3% / +10.9%−31.1% / −29.7%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTAug 31, 2026 −6.5%Enter above C$69.49 (+6.9%)37% 28/75+9.3% / +10.7%−18.9% / −29.7%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINAug 30, 2024 +42.3%Not on one close50% 7/14+6.6% / +11.0%−29.7% / −29.7%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINJun 30, 2026 −12.8%Not on one close45% 10/22+7.8% / +10.7%−29.7% / −29.7%
PMO Signal CrossCarl Swenlin · dailyOUTOct 7, 2026 −0.6%Enter above C$68.93 (+6.1%)34% 119/350+4.5% / +10.9%−24.3% / −29.7%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyINAug 11, 2026 −8.8%Not on one close69% 27/39+6.2% / +10.9%−21.0% / −29.7%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTAug 13, 2026 −9.1%Not on one close60% 223/370+3.4% / +10.9%−18.7% / −29.7%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTAug 18, 2026 −9.2%Not on one close65% 288/444+6.7% / +10.9%−25.2% / −29.7%
Bollinger ReversionJohn Bollinger · dailyINOct 6, 2026 −2.0%Sell above C$67.46 (+3.8%)64% 119/185+4.9% / +10.9%−24.4% / −29.7%
Stochastic 20/80George C. Lane · dailyINAug 7, 2026 −8.3%Not on one close66% 102/155+6.6% / +10.9%−25.0% / −29.7%
Williams %RLarry Williams · dailyINAug 7, 2026 −8.3%Not on one close64% 177/277+7.3% / +10.9%−30.2% / −29.7%
DeMark 9-CountTom DeMark · dailyINAug 11, 2026 −8.8%Not on one close54% 36/67+2.6% / +10.9%−19.5% / −29.7%
Mayer MultipleTrace Mayer · dailyINNov 22, 2004 +875.2%Sell above C$169.64 (+161.1%)–+10.9% / +10.9%−29.7% / −29.7%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTOct 10, 2024 +40.0%Buy below C$62.38 (−4.0%)50% 2/4+1.9% / +10.9%−1.0% / −29.7%
Laguerre RSIJohn F. Ehlers · dailyINAug 20, 2026 −9.2%Not on one close50% 164/328+6.7% / +10.9%−31.5% / −29.7%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyOUTSep 21, 2026 −5.0%Enter above C$65.30 (+0.5%)59% 262/447+7.4% / +10.9%−29.2% / −29.7%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 6, 2026 −2.0%Buy below C$64.98 (0.0%)56% 890/1582−0.4% / +10.9%−41.0% / −29.7%
Connors %bLarry Connors & Cesar Alvarez · dailyINAug 6, 2026 −10.1%Sell above C$69.14 (+6.4%)59% 63/107+4.2% / +10.9%−18.4% / −29.7%
Fisher TransformJohn F. Ehlers · dailyOUTOct 6, 2026 −2.0%Enter above C$66.31 (+2.1%)39% 411/1063+2.3% / +10.9%−25.0% / −29.7%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINAug 31, 2026 −6.5%Sell above C$69.39 (+6.8%)64% 86/134+7.6% / +10.9%−21.0% / −29.7%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyOUTOct 6, 2026 −2.0%Not on one close26% 204/770+0.9% / +10.9%−46.4% / −29.7%
Chaikin Money FlowMarc Chaikin · dailyOUTOct 7, 2026 −0.6%Not on one close36% 66/185+3.5% / +10.9%−34.5% / −29.7%
Money Flow IndexGene Quong & Avrum Soudack · dailyOUTJul 19, 2024 +55.9%Not on one close62% 24/39+3.6% / +10.9%−28.7% / −29.7%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINOct 30, 2023 +65.9%Exit below C$62.65 (−3.6%)39% 53/136+7.8% / +10.7%−29.8% / −29.7%
Force IndexAlexander Elder · dailyOUTOct 6, 2026 −2.0%Enter above C$69.00 (+6.2%)29% 210/724+3.5% / +10.9%−31.1% / −29.7%
Buff AveragesBuff Dormeier · dailyOUTAug 4, 2026 −11.8%Enter above C$91.09 (+40.2%)31% 110/354+3.0% / +10.9%−24.1% / −29.7%
Chaikin OscillatorMarc Chaikin · dailyOUTOct 6, 2026 −2.0%Not on one close35% 180/513+3.0% / +10.9%−29.7% / −29.7%
Volume Flow IndicatorMarkos Katsanos · dailyOUTSep 15, 2026 −3.6%Not on one close28% 28/99+7.3% / +10.7%−29.7% / −29.7%
Klinger OscillatorStephen J. Klinger · dailyOUTOct 7, 2026 −0.6%Not on one close37% 324/881+2.1% / +10.9%−26.4% / −29.7%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINSep 29, 2026 −4.3%Not on one close47% 71/151+5.0% / +10.9%−23.9% / −29.7%
HikkakeDaniel L. Chesler · dailyOUTSep 10, 2026 −5.1%Not on one close33% 28/84+4.9% / +10.9%−29.7% / −29.7%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTSep 1, 2026 −6.7%Not on one close49% 23/47+2.3% / +10.9%−8.3% / −29.7%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 −8.5%Buys Oct 3056% 24/43+7.7% / +10.9%−29.7% / −29.7%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 14, 2026 −8.2%Enter above C$67.62 (+4.1%)60% 26/43+7.7% / +10.9%−29.7% / −29.7%
Seasonal TimingSy Harding · dailyOUTApr 20, 2026 −6.7%Window opens Oct 1658% 25/43+8.7% / +10.9%−29.7% / −29.7%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +0.1%Buys Dec 2332% 14/44+2.0% / +10.9%−4.0% / −29.7%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −4.9%Buys Oct 2948% 255/526+1.7% / +10.9%−20.1% / −29.7%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 −4.5%Sells Jun 3045% 5/11+4.0% / +10.9%−13.1% / −29.7%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −6.8%Buys Nov 2445% 175/386+1.9% / +10.9%−12.5% / −29.7%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +53.9%Not on one close40% 8/20+5.7% / +10.9%−24.0% / −29.7%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1650% 1145/2284+3.7% / +10.9%−39.0% / −29.7%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 −5.1%Buys Oct 2741% 144/348+1.2% / +10.9%−12.4% / −29.7%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 −5.0%Sells Oct 1649% 267/541+6.6% / +10.9%−23.2% / −29.7%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 4, 2005Always in–+10.9%−29.7%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt2/3
  • Run-up0/2
  • It carries 1.7× as much debt as equity.
  • It operating profit covers interest only 2.2×.

Past crashes, peak to low

Financial crisis Oct 2007 to Oct 2008 · back to its old high Oct 2008

EMA−3%
TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Apr 2021

EMA−29%
TSX−37%

2022 bear market Jan 2022 to Oct 2022 · back to its old high May 2023

EMA−16%
TSX−14%
  • Beta0.30Moves about 0.3× as much as the TSX week to week.
  • Downside capture−40%In months the TSX fell, this fell -40% as much on average (it often rose anyway).
  • Two-year change+41%
  • From 52-week high−15%
  • Debt to equity1.65×
  • Net debt / EBITDA6.4×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover2.2×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Utilities - Regulated Electric · Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities.

Size and valuation
Market capC$20.0BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$8.9BTotal sales. The market values it at 2.2× sales.
P/E ratio20.6×Buyers pay C$21 for each C$1 of the last year's profit.
Forward P/E17.8×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book1.5×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin11.6%Keeps 12¢ of each dollar of sales as profit.
Revenue growth+1.2%Last quarter's sales against the same quarter a year earlier.
Earnings growth−24.4%Same comparison for profit.
Return on equity7.6%Yearly profit as a share of shareholders' money in the business.
Free cash flow−C$1.4BBurning cash: needs savings or new money to keep going.
Balance sheet
Total equityC$13.4BWhat it owns minus what it owes.
Total debtC$22.1BLoans and bonds it has to pay back, with interest.
CashC$396MCash and short-term investments on hand.
Debt to equity1.65×Above about 1.5× is heavily borrowed; above 3× is fragile in a downturn.
Interest cover2.2×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.
Wall Street
Average analyst targetC$74.0014% above the close, from 11 analysts (range C$64.00 to C$84.00).
Consensus ratingBuyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield4.49%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

Read more

Reports for Be The Puck Members.

Email meTest a theory

Free account

Know the moment the light flips on your stocks.

Follow your stocks and get an email with the analysis the evening a light flips. Member tools are free until January 1, 2027.