American Interest Income vs Reconciled Depreciation Analysis
AWR Stock | USD 79.51 0.05 0.06% |
American States financial indicator trend analysis is way more than just evaluating American States Water prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American States Water is a good investment. Please check the relationship between American States Interest Income and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American States Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Interest Income vs Reconciled Depreciation
Interest Income vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American States Water Interest Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between American States' Interest Income and Reconciled Depreciation is -0.12. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of American States Water, assuming nothing else is changed. The correlation between historical values of American States' Interest Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of American States Water are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Interest Income i.e., American States' Interest Income and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Reconciled Depreciation
Most indicators from American States' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American States Water 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 States Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. As of 12/22/2024, Selling General Administrative is likely to drop to about 62.6 M. In addition to that, Discontinued Operations is likely to drop to about 3.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 377.8M | 368.2M | 449.5M | 228.2M | Total Revenue | 498.9M | 491.5M | 595.7M | 302.3M |
American States fundamental ratios Correlations
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American States Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American States fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 37.0M | 37.0M | 37.0M | 37.0M | 37.1M | 33.4M | |
Total Assets | 1.6B | 1.8B | 1.9B | 2.0B | 2.2B | 1.2B | |
Short Long Term Debt Total | 552.2M | 586.6M | 629.0M | 734.4M | 917.9M | 963.8M | |
Other Current Liab | 42.0M | 31.9M | 34.2M | 34.9M | 37.2M | 34.4M | |
Total Current Liabilities | 116.0M | 118.6M | 155.6M | 396.5M | 166.6M | 120.2M | |
Total Stockholder Equity | 882.5M | 1.1B | 1.1B | 1.2B | 776.1M | 537.0M | |
Property Plant And Equipment Net | 1.4B | 1.5B | 1.7B | 1.8B | 1.9B | 987.7M | |
Net Debt | 498.6M | 549.8M | 624.1M | 728.4M | 903.8M | 949.0M | |
Retained Earnings | 346.0M | 385.0M | 427.5M | 449.4M | 512.9M | 538.6M | |
Accounts Payable | 55.6M | 63.8M | 65.9M | 84.8M | 68.7M | 37.6M | |
Cash | 1.3M | 36.7M | 5.0M | 6.0M | 14.1M | 12.0M | |
Non Current Assets Total | 1.5B | 1.6B | 1.8B | 1.9B | 2.0B | 1.1B | |
Non Currrent Assets Other | (554.5M) | (640.4M) | 95.0M | (858.2M) | 95.8M | 100.6M | |
Cash And Short Term Investments | 1.3M | 36.7M | 5.0M | 6.0M | 14.1M | 12.0M | |
Net Receivables | 88.4M | 93.1M | 102.3M | 99.3M | 123.4M | 67.9M | |
Common Stock Total Equity | 250.1M | 253.7M | 255.6M | 256.7M | 295.2M | 158.1M | |
Liabilities And Stockholders Equity | 1.6B | 1.8B | 1.9B | 2.0B | 2.2B | 1.2B | |
Non Current Liabilities Total | 642.8M | 591.0M | 647.3M | 481.8M | 1.3B | 1.4B | |
Inventory | 6.4M | 8.6M | 12.2M | 14.6M | 17.6M | 18.5M | |
Other Current Assets | 20.9M | 18.6M | 18.7M | 31.3M | 50.9M | 29.6M | |
Other Stockholder Equity | 561.9M | 281.0M | 440.3M | 412.2M | 446.5M | 0.0 | |
Total Liab | 758.8M | 709.6M | 802.9M | 878.3M | 1.5B | 1.5B | |
Property Plant And Equipment Gross | 1.5B | 1.6B | 2.1B | 2.2B | 2.6B | 2.7B | |
Total Current Assets | 122.5M | 157.1M | 138.1M | 151.3M | 206.0M | 119.3M | |
Short Term Debt | 7.2M | 2.4M | 33.4M | 257.8M | 44.2M | 41.1M | |
Common Stock | 255.6M | 256.7M | 258.4M | 260.2M | 263.2M | 154.4M | |
Current Deferred Revenue | 11.2M | 1.8M | 257K | 903K | 1.4M | 1.3M | |
Other Liab | 431.1M | 447.2M | 463.9M | 451.7M | 519.4M | 307.9M | |
Other Assets | 80.1M | 1.6B | 116.0M | 19.2M | 22.1M | 21.0M | |
Long Term Debt | 545.0M | 574.5M | 586.7M | 468.5M | 867.1M | 910.4M | |
Property Plant Equipment | 1.4B | 1.5B | (553.5M) | (569.3M) | (654.7M) | (622.0M) | |
Net Tangible Assets | 881.4M | 1.1B | 1.1B | 1.2B | 1.3B | 795.2M | |
Long Term Debt Total | 545.0M | 574.5M | 586.7M | 468.5M | 538.8M | 441.6M | |
Deferred Long Term Liab | 126.6M | 132.4M | 141.4M | 150.8M | 173.4M | 90.7M | |
Non Current Liabilities Other | 252.2M | 324.4M | 331.3M | 309.0M | 233.3M | 274.4M |
Pair Trading with American States
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 States 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 States will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
The ability to find closely correlated positions to American States 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 States 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 States - 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 States Water to buy it.
The correlation of American States 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 States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American States Water 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 States 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.Additional Tools for American Stock Analysis
When running American States' price analysis, check to measure American States' 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 States is operating at the current time. Most of American States' value examination focuses on studying past and present price action to predict the probability of American States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American States' price. Additionally, you may evaluate how the addition of American States to your portfolios can decrease your overall portfolio volatility.