American Property Plant And Equipment Gross vs Total Assets Analysis

AEP Stock  USD 99.89  0.56  0.56%   
American Electric financial indicator trend analysis is way more than just evaluating American Electric Power prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Electric Power is a good investment. Please check the relationship between American Electric Property Plant And Equipment Gross and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Electric Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Property Plant And Equipment Gross vs Total Assets

Property Plant And Equipment Gross vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Electric Power Property Plant And Equipment Gross account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between American Electric's Property Plant And Equipment Gross and Total Assets is 0.56. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Assets in the same time period over historical financial statements of American Electric Power, assuming nothing else is changed. The correlation between historical values of American Electric's Property Plant And Equipment Gross and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of American Electric Power are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant And Equipment Gross i.e., American Electric's Property Plant And Equipment Gross and Total Assets go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant And Equipment Gross

Total Assets

Total assets refers to the total amount of American Electric assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in American Electric Power books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from American Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Electric Power current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Electric Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
As of 11/28/2024, Enterprise Value is likely to grow to about 89.7 B, while Selling General Administrative is likely to drop slightly above 3.2 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.2B11.3B8.3B8.0B
Total Revenue16.8B19.6B19.0B13.9B

American Electric fundamental ratios Correlations

0.790.440.550.690.850.750.430.570.720.490.80.260.770.840.970.790.620.17-0.340.780.290.560.690.99-0.52
0.790.790.480.940.990.990.780.840.910.811.00.040.710.840.821.00.530.540.221.00.560.770.920.77-0.52
0.440.790.330.830.730.781.00.970.750.80.77-0.010.630.670.560.760.430.610.320.80.790.720.760.5-0.41
0.550.480.330.510.50.450.320.470.560.230.480.160.420.310.510.45-0.030.37-0.350.470.380.420.390.58-0.67
0.690.940.830.510.910.920.820.860.930.880.93-0.140.730.820.710.920.360.640.230.950.660.890.970.69-0.48
0.850.990.730.50.910.980.720.80.90.740.990.10.710.860.870.990.560.480.160.980.540.740.890.82-0.54
0.750.990.780.450.920.980.770.830.90.791.00.050.630.790.780.990.50.510.270.990.530.710.90.72-0.5
0.430.781.00.320.820.720.770.970.740.80.77-0.010.630.670.550.760.420.610.320.80.790.720.750.49-0.4
0.570.840.970.470.860.80.830.970.820.770.830.060.680.720.670.810.420.570.190.850.770.730.780.63-0.52
0.720.910.750.560.930.90.90.740.820.760.9-0.040.590.80.720.880.270.480.130.90.620.770.880.71-0.54
0.490.810.80.230.880.740.790.80.770.760.78-0.340.720.690.510.790.330.690.280.820.520.830.860.5-0.3
0.81.00.770.480.930.991.00.770.830.90.780.070.690.820.831.00.540.510.211.00.530.720.90.77-0.51
0.260.04-0.010.16-0.140.10.05-0.010.06-0.04-0.340.070.010.050.330.060.39-0.58-0.240.02-0.12-0.33-0.090.27-0.46
0.770.710.630.420.730.710.630.630.680.590.720.690.010.80.780.680.650.44-0.210.710.450.780.720.81-0.48
0.840.840.670.310.820.860.790.670.720.80.690.820.050.80.880.810.660.340.020.830.60.810.830.84-0.42
0.970.820.560.510.710.870.780.550.670.720.510.830.330.780.880.820.710.2-0.230.810.420.580.70.97-0.51
0.791.00.760.450.920.990.990.760.810.880.791.00.060.680.810.820.550.520.231.00.520.730.90.76-0.5
0.620.530.43-0.030.360.560.50.420.420.270.330.540.390.650.660.710.550.00.030.520.310.330.410.61-0.28
0.170.540.610.370.640.480.510.610.570.480.690.51-0.580.440.340.20.520.00.380.560.60.740.510.19-0.17
-0.340.220.32-0.350.230.160.270.320.190.130.280.21-0.24-0.210.02-0.230.230.030.380.230.380.220.24-0.40.16
0.781.00.80.470.950.980.990.80.850.90.821.00.020.710.830.811.00.520.560.230.570.770.920.75-0.51
0.290.560.790.380.660.540.530.790.770.620.520.53-0.120.450.60.420.520.310.60.380.570.720.540.35-0.27
0.560.770.720.420.890.740.710.720.730.770.830.72-0.330.780.810.580.730.330.740.220.770.720.840.58-0.4
0.690.920.760.390.970.890.90.750.780.880.860.9-0.090.720.830.70.90.410.510.240.920.540.840.67-0.42
0.990.770.50.580.690.820.720.490.630.710.50.770.270.810.840.970.760.610.19-0.40.750.350.580.67-0.54
-0.52-0.52-0.41-0.67-0.48-0.54-0.5-0.4-0.52-0.54-0.3-0.51-0.46-0.48-0.42-0.51-0.5-0.28-0.170.16-0.51-0.27-0.4-0.42-0.54
Click cells to compare fundamentals

American Electric Account Relationship Matchups

American Electric fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding495.3M497.2M501.8M513.5M520.2M386.0M
Total Assets75.9B80.8B87.7B93.5B96.7B54.5B
Short Long Term Debt Total30.5B34.4B36.7B40.4B43.6B45.8B
Other Current Liab3.2B1.9B3.6B2.1B1.9B2.3B
Total Current Liabilities10.3B9.9B12.4B14.6B11.6B8.6B
Total Stockholder Equity19.6B20.6B22.4B23.9B25.2B14.0B
Property Plant And Equipment Net61.1B64.8B66.6B71.9B77.3B39.4B
Net Debt30.3B34.0B36.3B39.9B43.3B45.4B
Retained Earnings9.9B10.7B11.7B12.3B12.8B13.4B
Accounts Payable2.1B1.7B2.1B2.7B2.0B1.5B
Cash246.8M392.7M403.4M509.4M330.1M289.6M
Non Current Assets Total71.8B76.4B79.9B84.1B90.6B48.9B
Non Currrent Assets Other6.8B6.6B605.1M(210.2M)9.0B5.8B
Cash And Short Term Investments449.5M593.5M623.8M696.9M544.4M564.2M
Net Receivables1.7B1.8B1.9B2.6B2.4B1.8B
Common Stock Total Equity3.3B3.4B3.4B3.4B3.9B2.9B
Liabilities And Stockholders Equity75.9B80.8B87.7B93.5B96.7B54.5B
Non Current Liabilities Total45.7B50.1B52.6B54.8B59.8B30.3B
Inventory1.2B1.3B989.2M1.3B1.9B1.2B
Other Current Assets92.9M638.4M4.3B2.1B1.3B1.3B
Other Stockholder Equity6.5B6.6B7.2B8.1B9.1B6.7B
Total Liab56.0B60.0B65.0B69.3B71.4B40.4B
Property Plant And Equipment Gross61.1B5.3B86.8B93.8B101.9B107.0B
Total Current Assets4.1B4.4B7.8B9.4B6.1B5.6B
Accumulated Other Comprehensive Income(147.7M)(85.1M)184.8M83.7M(55.5M)(58.3M)
Short Term Debt4.7B4.9B4.9B6.8B5.4B3.3B
Common Stock3.3B3.4B3.4B3.4B3.4B2.9B
Current Deferred Revenue366.1M335.6M321.6M370M423.7M403.0M
Other Liab19.5B20.2B20.6B20.4B23.5B24.7B
Other Assets9.3B71.1B11.8B10.8B12.4B12.4B
Long Term Debt25.1B29.0B31.3B33.6B37.7B20.0B
Property Plant Equipment60.1B63.9B66.0B71.3B82.0B43.8B
Short Term Investments202.7M200.8M220.4M187.5M214.3M224.8M
Noncontrolling Interest In Consolidated Entity281M223.6M247M229M263.4M276.5M
Retained Earnings Total Equity9.9B10.7B11.7B12.3B14.2B8.2B
Deferred Long Term Liab7.9B8.5B8.4B345.3M397.1M377.2M
Net Tangible Assets19.7B20.5B22.4B23.9B27.5B20.2B

Pair Trading with American Electric

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 American Electric 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 American Electric will appreciate offsetting losses from the drop in the long position's value.

Moving together with American Stock

  0.73ED Consolidated Edison Sell-off TrendPairCorr
  0.85ES Eversource EnergyPairCorr
  0.84FE FirstEnergyPairCorr

Moving against American Stock

  0.58ETR EntergyPairCorr
  0.52EDN Empresa DistribuidoraPairCorr
  0.46AEE Ameren CorpPairCorr
  0.42CNP CenterPoint EnergyPairCorr
  0.4ENIC Enel Chile SAPairCorr
The ability to find closely correlated positions to American Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Electric 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 American Electric - 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 American Electric Power to buy it.
The correlation of American Electric 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 American Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Electric Power 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 American Electric 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.
Pair CorrelationCorrelation Matching

Additional Tools for American Stock Analysis

When running American Electric's price analysis, check to measure American Electric'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 American Electric is operating at the current time. Most of American Electric's value examination focuses on studying past and present price action to predict the probability of American Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Electric's price. Additionally, you may evaluate how the addition of American Electric to your portfolios can decrease your overall portfolio volatility.