CenterPoint Other Non Cash Items vs Net Income Analysis
CNP Stock | USD 31.44 0.06 0.19% |
CenterPoint Energy financial indicator trend analysis is way more than just evaluating CenterPoint Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CenterPoint Energy is a good investment. Please check the relationship between CenterPoint Energy Other Non Cash Items and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CenterPoint Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.
Other Non Cash Items vs Net Income
Other Non Cash Items vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CenterPoint Energy Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CenterPoint Energy's Other Non Cash Items and Net Income is -0.18. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income in the same time period over historical financial statements of CenterPoint Energy, assuming nothing else is changed. The correlation between historical values of CenterPoint Energy's Other Non Cash Items 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 Other Non Cash Items of CenterPoint Energy 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 Other Non Cash Items i.e., CenterPoint Energy's Other Non Cash Items and Net Income go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Non Cash Items
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CenterPoint Energy financial statement analysis. It represents the amount of money remaining after all of CenterPoint Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from CenterPoint Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CenterPoint Energy 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 CenterPoint Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.At this time, CenterPoint Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Tax Provision is likely to grow to about 290.9 M, while Enterprise Value is likely to drop slightly above 11.4 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.2B | 3.4B | 3.7B | 2.9B | Total Revenue | 8.4B | 9.3B | 8.7B | 9.9B |
CenterPoint Energy fundamental ratios Correlations
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CenterPoint Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CenterPoint Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 505.2M | 531.0M | 609.9M | 632.3M | 633.2M | 388.1M | |
Total Assets | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 25.7B | |
Short Long Term Debt Total | 15.1B | 13.4B | 16.1B | 16.9B | 18.6B | 10.8B | |
Other Current Liab | 2.1B | 1.7B | 2.1B | 1.3B | 1.5B | 1.3B | |
Total Current Liabilities | 4.0B | 4.8B | 4.3B | 5.1B | 3.9B | 3.3B | |
Total Stockholder Equity | 8.4B | 8.3B | 9.4B | 10.0B | 9.7B | 5.1B | |
Property Plant And Equipment Net | 20.6B | 22.4B | 23.5B | 27.1B | 30.4B | 31.9B | |
Current Deferred Revenue | 204M | 124M | 119M | 111M | 110M | 76.3M | |
Net Debt | 14.9B | 13.3B | 15.9B | 16.8B | 18.5B | 10.4B | |
Retained Earnings | 632M | (845M) | 154M | 709M | 1.1B | 1.1B | |
Accounts Payable | 884M | 853M | 1.2B | 1.4B | 917M | 961.9M | |
Cash | 241M | 147M | 230M | 74M | 90M | 85.5M | |
Non Current Assets Total | 31.6B | 30.6B | 30.3B | 33.8B | 36.7B | 22.1B | |
Non Currrent Assets Other | 1.2B | 252M | 2.5B | (1.6B) | 2.1B | 2.2B | |
Cash And Short Term Investments | 1.1B | 147M | 1.7B | 584M | 631M | 569.0M | |
Net Receivables | 1.3B | 1.3B | 1.2B | 1.7B | 1.3B | 1.4B | |
Liabilities And Stockholders Equity | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 25.7B | |
Non Current Liabilities Total | 23.2B | 20.3B | 24.0B | 23.4B | 26.2B | 15.5B | |
Inventory | 472M | 500M | 608M | 876M | 770M | 447.7M | |
Other Current Assets | 3.6B | 139M | 3.9B | 1.5B | 306M | 290.7M | |
Other Stockholder Equity | 6.1B | 6.9B | 8.5B | 8.6B | 8.6B | 4.4B | |
Total Liab | 27.2B | 25.1B | 28.3B | 28.5B | 30.0B | 20.6B | |
Property Plant And Equipment Gross | 20.9B | 22.4B | 33.7B | 37.7B | 40.4B | 42.4B | |
Total Current Assets | 3.9B | 2.9B | 7.4B | 4.7B | 3.0B | 3.7B | |
Short Term Debt | 868M | 1.9B | 545M | 2.0B | 1.1B | 1.2B | |
Other Liab | 8.9B | 8.8B | 8.4B | 8.5B | 9.8B | 10.3B | |
Other Assets | 2.3B | 2.3B | 2.5B | 2.4B | 2.1B | 2.9B | |
Long Term Debt | 14.2B | 11.5B | 15.6B | 14.8B | 17.6B | 10.6B | |
Short Term Investments | 822M | 871M | 1.4B | 510M | 541M | 695.6M | |
Intangible Assets | 321M | 50M | 44M | 38M | 34.2M | 32.5M | |
Property Plant Equipment | 20.9B | 22.4B | 23.5B | 27.1B | 31.2B | 32.8B | |
Retained Earnings Total Equity | 632M | (845M) | 154M | 709M | 815.4M | 856.1M | |
Deferred Long Term Liab | 2.1B | 2.1B | 2.3B | 2.2B | 2.5B | 2.4B | |
Net Tangible Assets | 6.6B | 6.0B | 4.3B | 5.0B | 4.5B | 5.4B | |
Long Term Debt Total | 14.2B | 11.5B | 15.6B | 14.8B | 17.1B | 11.2B |
Pair Trading with CenterPoint 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 CenterPoint 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 CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.Moving against CenterPoint Stock
0.84 | EBR | Centrais Electricas | PairCorr |
0.59 | ES | Eversource Energy | PairCorr |
0.53 | FE | FirstEnergy | PairCorr |
0.5 | ED | Consolidated Edison Sell-off Trend | PairCorr |
0.46 | AEP | American Electric Power | PairCorr |
The ability to find closely correlated positions to CenterPoint 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 CenterPoint 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 CenterPoint 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 CenterPoint Energy to buy it.
The correlation of CenterPoint 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint 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 CenterPoint 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.Additional Tools for CenterPoint Stock Analysis
When running CenterPoint Energy's price analysis, check to measure CenterPoint 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 CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint 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 CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.