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 DirectionNegative 
Relationship StrengthInsignificant

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 Profit3.2B3.4B3.7B2.9B
Total Revenue8.4B9.3B8.7B9.9B

CenterPoint Energy fundamental ratios Correlations

0.930.920.450.870.810.63-0.060.86-0.140.71-0.030.91-0.150.170.7-0.670.960.870.260.860.950.630.590.43-0.67
0.930.980.40.880.930.79-0.010.920.050.75-0.030.98-0.120.20.61-0.510.980.90.230.930.990.760.60.45-0.51
0.920.980.330.820.880.820.030.970.110.66-0.170.99-0.090.070.52-0.450.980.920.150.910.980.80.480.46-0.45
0.450.40.330.460.240.16-0.790.31-0.270.43-0.020.34-0.35-0.020.57-0.560.450.270.770.220.460.130.440.06-0.56
0.870.880.820.460.780.65-0.040.77-0.160.74-0.030.85-0.150.140.74-0.630.840.770.190.750.880.610.570.68-0.63
0.810.930.880.240.780.720.080.780.180.80.160.89-0.090.350.48-0.250.850.860.190.960.860.70.620.35-0.25
0.630.790.820.160.650.720.020.80.320.62-0.180.8-0.090.00.43-0.290.730.81-0.10.730.780.980.360.52-0.29
-0.06-0.010.03-0.79-0.040.080.020.010.2-0.150.070.020.650.25-0.210.14-0.05-0.07-0.640.04-0.040.02-0.1-0.020.14
0.860.920.970.310.770.780.80.010.110.52-0.40.96-0.08-0.160.41-0.390.940.880.080.840.940.790.30.49-0.39
-0.140.050.11-0.27-0.160.180.320.20.110.17-0.050.070.380.05-0.090.39-0.030.22-0.190.1-0.010.38-0.06-0.20.39
0.710.750.660.430.740.80.62-0.150.520.170.350.64-0.220.510.76-0.460.660.740.40.740.70.640.840.25-0.46
-0.03-0.03-0.17-0.02-0.030.16-0.180.07-0.4-0.050.35-0.170.010.920.29-0.13-0.11-0.130.250.04-0.11-0.20.55-0.27-0.13
0.910.980.990.340.850.890.80.020.960.070.64-0.17-0.120.040.53-0.450.970.90.110.90.980.760.420.51-0.45
-0.15-0.12-0.09-0.35-0.15-0.09-0.090.65-0.080.38-0.220.01-0.120.17-0.120.03-0.12-0.22-0.36-0.16-0.12-0.07-0.05-0.360.03
0.170.20.07-0.020.140.350.00.25-0.160.050.510.920.040.170.36-0.230.120.030.30.240.120.00.74-0.31-0.23
0.70.610.520.570.740.480.43-0.210.41-0.090.760.290.53-0.120.36-0.870.60.550.320.410.640.40.640.34-0.87
-0.67-0.51-0.45-0.56-0.63-0.25-0.290.14-0.390.39-0.46-0.13-0.450.03-0.23-0.87-0.58-0.35-0.3-0.24-0.59-0.25-0.51-0.271.0
0.960.980.980.450.840.850.73-0.050.94-0.030.66-0.110.97-0.120.120.6-0.580.860.270.870.990.710.540.4-0.58
0.870.90.920.270.770.860.81-0.070.880.220.74-0.130.9-0.220.030.55-0.350.860.10.910.880.830.450.53-0.35
0.260.230.150.770.190.19-0.1-0.640.08-0.190.40.250.11-0.360.30.32-0.30.270.10.160.24-0.080.61-0.28-0.3
0.860.930.910.220.750.960.730.040.840.10.740.040.9-0.160.240.41-0.240.870.910.160.870.740.580.38-0.24
0.950.990.980.460.880.860.78-0.040.94-0.010.7-0.110.98-0.120.120.64-0.590.990.880.240.870.750.560.47-0.59
0.630.760.80.130.610.70.980.020.790.380.64-0.20.76-0.070.00.4-0.250.710.83-0.080.740.750.390.46-0.25
0.590.60.480.440.570.620.36-0.10.3-0.060.840.550.42-0.050.740.64-0.510.540.450.610.580.560.39-0.04-0.51
0.430.450.460.060.680.350.52-0.020.49-0.20.25-0.270.51-0.36-0.310.34-0.270.40.53-0.280.380.470.46-0.04-0.27
-0.67-0.51-0.45-0.56-0.63-0.25-0.290.14-0.390.39-0.46-0.13-0.450.03-0.23-0.871.0-0.58-0.35-0.3-0.24-0.59-0.25-0.51-0.27
Click cells to compare fundamentals

CenterPoint Energy Account Relationship Matchups

CenterPoint Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding505.2M531.0M609.9M632.3M633.2M388.1M
Total Assets35.5B33.5B37.7B38.5B39.7B25.7B
Short Long Term Debt Total15.1B13.4B16.1B16.9B18.6B10.8B
Other Current Liab2.1B1.7B2.1B1.3B1.5B1.3B
Total Current Liabilities4.0B4.8B4.3B5.1B3.9B3.3B
Total Stockholder Equity8.4B8.3B9.4B10.0B9.7B5.1B
Property Plant And Equipment Net20.6B22.4B23.5B27.1B30.4B31.9B
Current Deferred Revenue204M124M119M111M110M76.3M
Net Debt14.9B13.3B15.9B16.8B18.5B10.4B
Retained Earnings632M(845M)154M709M1.1B1.1B
Accounts Payable884M853M1.2B1.4B917M961.9M
Cash241M147M230M74M90M85.5M
Non Current Assets Total31.6B30.6B30.3B33.8B36.7B22.1B
Non Currrent Assets Other1.2B252M2.5B(1.6B)2.1B2.2B
Cash And Short Term Investments1.1B147M1.7B584M631M569.0M
Net Receivables1.3B1.3B1.2B1.7B1.3B1.4B
Liabilities And Stockholders Equity35.5B33.5B37.7B38.5B39.7B25.7B
Non Current Liabilities Total23.2B20.3B24.0B23.4B26.2B15.5B
Inventory472M500M608M876M770M447.7M
Other Current Assets3.6B139M3.9B1.5B306M290.7M
Other Stockholder Equity6.1B6.9B8.5B8.6B8.6B4.4B
Total Liab27.2B25.1B28.3B28.5B30.0B20.6B
Property Plant And Equipment Gross20.9B22.4B33.7B37.7B40.4B42.4B
Total Current Assets3.9B2.9B7.4B4.7B3.0B3.7B
Short Term Debt868M1.9B545M2.0B1.1B1.2B
Other Liab8.9B8.8B8.4B8.5B9.8B10.3B
Other Assets2.3B2.3B2.5B2.4B2.1B2.9B
Long Term Debt14.2B11.5B15.6B14.8B17.6B10.6B
Short Term Investments822M871M1.4B510M541M695.6M
Intangible Assets321M50M44M38M34.2M32.5M
Property Plant Equipment20.9B22.4B23.5B27.1B31.2B32.8B
Retained Earnings Total Equity632M(845M)154M709M815.4M856.1M
Deferred Long Term Liab2.1B2.1B2.3B2.2B2.5B2.4B
Net Tangible Assets6.6B6.0B4.3B5.0B4.5B5.4B
Long Term Debt Total14.2B11.5B15.6B14.8B17.1B11.2B

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

  0.84EBR Centrais ElectricasPairCorr
  0.59ES Eversource EnergyPairCorr
  0.53FE FirstEnergyPairCorr
  0.5ED Consolidated Edison Sell-off TrendPairCorr
  0.46AEP American Electric PowerPairCorr
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.
Pair CorrelationCorrelation Matching

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.