| 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 Tax Provision and its Net Income 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 various price indices.
Tax Provision vs Net Income
Tax Provision vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American States Water Tax Provision account and
Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between American States' Tax Provision and Net Income is -0.29. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income 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' Tax Provision and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of American States Water are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., American States' Tax Provision and Net Income go up and down completely randomly.
Correlation Coefficient | -0.29 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in American States Water financial statement analysis. It represents the amount of money remaining after all of American States Water operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 various price indices.
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
MAmerican States fundamental ratios Correlations
Click cells to compare fundamentals
American States Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American States fundamental ratios Accounts
Additional Tools for American Stock Analysis
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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.