AvalonBay Operating Income vs Income Tax Expense Analysis

AVB Stock

USD 197.49 0.50 0.25%

AvalonBay Communities financial indicator trend analysis is way more than just evaluating AvalonBay Communities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AvalonBay Communities is a good investment. Please check the relationship between AvalonBay Communities Operating Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvalonBay Communities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade AvalonBay Stock refer to our How to Trade AvalonBay Stock guide.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AvalonBay Communities Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.

The correlation between AvalonBay Communities' Operating Income and Income Tax Expense is 0.36. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of AvalonBay Communities, assuming nothing else is changed. The correlation between historical values of AvalonBay Communities' Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of AvalonBay Communities are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., AvalonBay Communities' Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from AvalonBay Communities operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of AvalonBay Communities is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Tax Expense

Most indicators from AvalonBay Communities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AvalonBay Communities 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 AvalonBay Communities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade AvalonBay Stock refer to our How to Trade AvalonBay Stock guide.At present, AvalonBay Communities' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 15.1 M, whereas Discontinued Operations is forecasted to decline to about 41.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.7B	1.0B	878.8M
Total Revenue	2.3B	2.6B	2.8B	3.0B

Gross Profit Total Revenue

AvalonBay Communities fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Total Current Assets	Common Stock	Short Term Debt	Other Liab	Long Term Debt	Short Term Investments
Total Assets		0.99	1.0	-0.37	0.95	0.37	0.85	0.24	0.97	0.98	0.99	0.99	-0.37	0.39	-0.12	0.83	-0.15	0.99	-0.15	0.96	-0.1	0.96	-0.42	0.06	0.98	-0.02
Short Long Term Debt Total	0.99		0.98	-0.34	0.96	0.38	0.85	0.26	0.97	0.98	0.98	1.0	-0.34	0.37	-0.07	0.81	-0.2	0.99	-0.2	0.95	-0.15	0.94	-0.37	0.08	0.99	-0.02
Total Stockholder Equity	1.0	0.98		-0.4	0.93	0.36	0.85	0.21	0.97	0.98	1.0	0.98	-0.4	0.41	-0.15	0.84	-0.11	0.98	-0.11	0.96	-0.06	0.96	-0.46	0.03	0.97	-0.01
Property Plant And Equipment Net	-0.37	-0.34	-0.4		-0.32	-0.27	-0.62	-0.17	-0.27	-0.5	-0.4	-0.33	1.0	-0.86	0.85	-0.42	0.05	-0.38	0.05	-0.27	0.04	-0.27	0.96	0.14	-0.41	0.13
Net Debt	0.95	0.96	0.93	-0.32		0.42	0.84	0.25	0.91	0.95	0.92	0.96	-0.32	0.37	-0.06	0.79	-0.45	0.98	-0.45	0.86	-0.4	0.86	-0.34	0.02	0.98	-0.02
Retained Earnings	0.37	0.38	0.36	-0.27	0.42		0.56	0.65	0.24	0.38	0.29	0.39	-0.27	0.56	0.15	0.05	-0.25	0.41	-0.25	0.26	-0.25	0.22	-0.09	-0.24	0.45	-0.65
Non Currrent Assets Other	0.85	0.85	0.85	-0.62	0.84	0.56		0.44	0.82	0.89	0.84	0.85	-0.62	0.64	-0.32	0.78	-0.25	0.88	-0.25	0.81	-0.21	0.81	-0.58	-0.09	0.9	-0.15
Other Assets	0.24	0.26	0.21	-0.17	0.25	0.65	0.44		0.16	0.24	0.17	0.27	-0.17	0.33	0.12	0.06	-0.05	0.26	-0.05	0.21	-0.07	0.16	0.03	0.01	0.32	-0.55
Common Stock Shares Outstanding	0.97	0.97	0.97	-0.27	0.91	0.24	0.82	0.16		0.94	0.98	0.97	-0.27	0.27	-0.06	0.88	-0.1	0.96	-0.1	0.98	-0.04	0.99	-0.34	0.06	0.93	0.11
Non Current Liabilities Total	0.98	0.98	0.98	-0.5	0.95	0.38	0.89	0.24	0.94		0.97	0.98	-0.5	0.5	-0.25	0.82	-0.19	0.98	-0.19	0.91	-0.14	0.92	-0.53	0.07	0.99	-0.04
Other Stockholder Equity	0.99	0.98	1.0	-0.4	0.92	0.29	0.84	0.17	0.98	0.97		0.98	-0.4	0.38	-0.17	0.87	-0.09	0.98	-0.09	0.97	-0.04	0.97	-0.46	0.05	0.96	0.04
Total Liab	0.99	1.0	0.98	-0.33	0.96	0.39	0.85	0.27	0.97	0.98	0.98		-0.33	0.37	-0.07	0.8	-0.19	0.99	-0.19	0.95	-0.14	0.94	-0.37	0.09	0.99	-0.04
Property Plant And Equipment Gross	-0.37	-0.34	-0.4	1.0	-0.32	-0.27	-0.62	-0.17	-0.27	-0.5	-0.4	-0.33		-0.86	0.85	-0.42	0.05	-0.38	0.05	-0.27	0.04	-0.27	0.96	0.14	-0.41	0.13
Other Current Liab	0.39	0.37	0.41	-0.86	0.37	0.56	0.64	0.33	0.27	0.5	0.38	0.37	-0.86		-0.48	0.33	-0.13	0.41	-0.13	0.28	-0.11	0.27	-0.76	-0.35	0.45	-0.22
Total Current Liabilities	-0.12	-0.07	-0.15	0.85	-0.06	0.15	-0.32	0.12	-0.06	-0.25	-0.17	-0.07	0.85	-0.48		-0.29	-0.04	-0.11	-0.04	-0.04	-0.06	-0.07	0.88	-0.1	-0.13	-0.02
Accounts Payable	0.83	0.81	0.84	-0.42	0.79	0.05	0.78	0.06	0.88	0.82	0.87	0.8	-0.42	0.33	-0.29		-0.21	0.83	-0.21	0.86	-0.17	0.87	-0.52	-0.11	0.79	0.28
Cash	-0.15	-0.2	-0.11	0.05	-0.45	-0.25	-0.25	-0.05	-0.1	-0.19	-0.09	-0.19	0.05	-0.13	-0.04	-0.21		-0.27	1.0	0.01	1.0	0.0	0.02	0.2	-0.28	0.01
Non Current Assets Total	0.99	0.99	0.98	-0.38	0.98	0.41	0.88	0.26	0.96	0.98	0.98	0.99	-0.38	0.41	-0.11	0.83	-0.27		-0.27	0.94	-0.22	0.93	-0.41	0.02	0.99	-0.04
Cash And Short Term Investments	-0.15	-0.2	-0.11	0.05	-0.45	-0.25	-0.25	-0.05	-0.1	-0.19	-0.09	-0.19	0.05	-0.13	-0.04	-0.21	1.0	-0.27		0.01	1.0	0.0	0.02	0.2	-0.28	0.01
Common Stock Total Equity	0.96	0.95	0.96	-0.27	0.86	0.26	0.81	0.21	0.98	0.91	0.97	0.95	-0.27	0.28	-0.04	0.86	0.01	0.94	0.01		0.06	0.99	-0.33	0.04	0.91	0.08
Total Current Assets	-0.1	-0.15	-0.06	0.04	-0.4	-0.25	-0.21	-0.07	-0.04	-0.14	-0.04	-0.14	0.04	-0.11	-0.06	-0.17	1.0	-0.22	1.0	0.06		0.06	-0.01	0.22	-0.23	0.03
Common Stock	0.96	0.94	0.96	-0.27	0.86	0.22	0.81	0.16	0.99	0.92	0.97	0.94	-0.27	0.27	-0.07	0.87	0.0	0.93	0.0	0.99	0.06		-0.35	0.06	0.9	0.11
Short Term Debt	-0.42	-0.37	-0.46	0.96	-0.34	-0.09	-0.58	0.03	-0.34	-0.53	-0.46	-0.37	0.96	-0.76	0.88	-0.52	0.02	-0.41	0.02	-0.33	-0.01	-0.35		0.04	-0.42	-0.02
Other Liab	0.06	0.08	0.03	0.14	0.02	-0.24	-0.09	0.01	0.06	0.07	0.05	0.09	0.14	-0.35	-0.1	-0.11	0.2	0.02	0.2	0.04	0.22	0.06	0.04		0.06	-0.2
Long Term Debt	0.98	0.99	0.97	-0.41	0.98	0.45	0.9	0.32	0.93	0.99	0.96	0.99	-0.41	0.45	-0.13	0.79	-0.28	0.99	-0.28	0.91	-0.23	0.9	-0.42	0.06		-0.08
Short Term Investments	-0.02	-0.02	-0.01	0.13	-0.02	-0.65	-0.15	-0.55	0.11	-0.04	0.04	-0.04	0.13	-0.22	-0.02	0.28	0.01	-0.04	0.01	0.08	0.03	0.11	-0.02	-0.2	-0.08

Click cells to compare fundamentals

AvalonBay Communities Account Relationship Matchups

AvalonBay Communities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.1B	19.2B	19.9B	20.5B	20.7B	10.9B
Short Long Term Debt Total	7.3B	7.6B	8.1B	8.3B	8.1B	4.4B
Total Stockholder Equity	11.0B	10.8B	10.9B	11.3B	11.8B	5.9B
Net Debt	7.3B	7.3B	7.7B	7.7B	7.6B	4.1B
Retained Earnings	282.9M	126.0M	240.8M	485.2M	478.2M	502.1M
Non Currrent Assets Other	18.7B	18.5B	18.9B	19.3B	19.7B	20.7B
Other Assets	578.5M	18.7B	544.5M	19.5B	20.1B	21.2B
Common Stock Shares Outstanding	139.6M	140.4M	139.7M	140.0M	141.6M	99.2M
Liabilities And Stockholders Equity	19.1B	19.2B	19.9B	20.5B	20.7B	10.9B
Non Current Liabilities Total	8.1B	8.4B	9.0B	9.2B	8.2B	4.7B
Other Stockholder Equity	10.7B	10.7B	10.7B	10.8B	11.3B	5.9B
Total Liab	8.1B	8.4B	9.0B	9.2B	8.9B	5.0B
Other Current Liab	(92.1M)	(93.6M)	(63.7M)	586.3M	281.9M	296.0M
Total Current Liabilities	92.5M	93.9M	64.0M	659.1M	694.6M	356.6M
Accounts Payable	92.1M	93.6M	63.7M	72.8M	87.7M	65.4M
Cash	39.7M	217.0M	420.3M	613.2M	531.0M	319.4M
Non Current Assets Total	19.0B	18.8B	19.3B	19.7B	20.1B	11.2B
Cash And Short Term Investments	39.7M	217.0M	420.3M	613.2M	531.0M	319.4M
Common Stock Total Equity	1.4M	1.4M	1.4M	1.4M	1.6M	1.0M
Total Current Assets	161.8M	362.5M	596.1M	771.1M	531.0M	396.8M
Accumulated Other Comprehensive Income	(31.5M)	(40.3M)	(26.1M)	1.4M	16.1M	16.9M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	1.1M
Short Term Debt	131.9M	37.1M	108.3M	358.3M	324.9M	455.9M
Other Liab	61.8M	880.0M	862.0M	63.7M	73.3M	69.6M
Long Term Debt	7.4B	7.7B	8.1B	8.3B	8.0B	5.4B
Inventory	457.8M	(80.3M)	(54.2M)	32.5M	29.3M	27.8M
Other Current Assets	165.0M	207.7M	211.5M	247.5M	(531.0M)	(504.4M)
Net Tangible Assets	11.0B	10.8B	10.9B	11.3B	12.9B	9.4B
Warrants	3.3M	2.7M	3.4M	2.7M	2.4M	2.3M
Retained Earnings Total Equity	282.9M	126.0M	240.8M	485.2M	558.0M	585.9M
Long Term Debt Total	7.4B	7.7B	8.2B	8.3B	9.6B	6.9B
Capital Surpluse	10.7B	10.7B	10.7B	10.8B	12.4B	9.4B
Deferred Long Term Liab	70.5M	55.4M	55.6M	69.7M	80.2M	84.2M
Long Term Investments	18.6B	202.6M	216.4M	212.1M	220.1M	209.1M

Pair Trading with AvalonBay Communities

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 AvalonBay Communities 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 AvalonBay Communities will appreciate offsetting losses from the drop in the long position's value.

Moving together with AvalonBay Stock

0.85

Realty Income Corp

Pair Corr

Moving against AvalonBay Stock

0.75	FR	First Industrial Realty	Pair Corr
0.63	EQIX	Equinix	Pair Corr
0.57	WHLR	Wheeler Real Estate	Pair Corr
0.55	PW	Power REIT	Pair Corr
0.5	ESBA	Empire State Realty	Pair Corr

The ability to find closely correlated positions to AvalonBay Communities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AvalonBay Communities 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 AvalonBay Communities - 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 AvalonBay Communities to buy it.

The correlation of AvalonBay Communities 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 AvalonBay Communities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AvalonBay Communities 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 AvalonBay Communities 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 Correlation Correlation Matching

When determining whether AvalonBay Communities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AvalonBay Communities' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avalonbay Communities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avalonbay Communities Stock:

How To Invest In AvalonBay

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Is AvalonBay Stock a good investment?

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What is AvalonBay Communities' Net Worth?

Details

Largest Equity Real Estate Investment Trusts (REITs) Companies

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Largest Real Estate Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvalonBay Communities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade AvalonBay Stock refer to our How to Trade AvalonBay Stock guide.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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

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Is AvalonBay Communities' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AvalonBay Communities. If investors know AvalonBay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AvalonBay Communities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.162

Dividend Share

6.65

Earnings Share

6.73

Revenue Per Share

19.92

Quarterly Revenue Growth

0.065

The market value of AvalonBay Communities is measured differently than its book value, which is the value of AvalonBay that is recorded on the company's balance sheet. Investors also form their own opinion of AvalonBay Communities' value that differs from its market value or its book value, called intrinsic value, which is AvalonBay Communities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AvalonBay Communities' market value can be influenced by many factors that don't directly affect AvalonBay Communities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between AvalonBay Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if AvalonBay Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AvalonBay Communities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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AvalonBay Operating Income vs Income Tax Expense Analysis

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Operating Income

Income Tax Expense

AvalonBay Communities fundamental ratios Correlations

AvalonBay Communities Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AvalonBay Communities fundamental ratios Accounts

Pair Trading with AvalonBay Communities

Moving together with AvalonBay Stock

Moving against AvalonBay Stock

Complementary Tools for AvalonBay Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Other Current Liab	- 0.86	Property Plant And Equipment Gross
Other Current Liab	- 0.86	Property Plant And Equipment Net
Short Term Debt	- 0.76	Other Current Liab
Short Term Investments	- 0.65	Retained Earnings
Property Plant And Equipment Gross	- 0.62	Non Currrent Assets Other
Non Currrent Assets Other	- 0.62	Property Plant And Equipment Net