Atlantica Other Non Cash Items vs Net Income Analysis
AY Stock | USD 23.17 0.81 3.62% |
Atlantica Sustainable financial indicator trend analysis is way more than just evaluating Atlantica Sustainable prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlantica Sustainable is a good investment. Please check the relationship between Atlantica Sustainable 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 Atlantica Sustainable Infrastructure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
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 Atlantica Sustainable 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 Atlantica Sustainable's Other Non Cash Items and Net Income is -0.1. 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 Atlantica Sustainable Infrastructure, assuming nothing else is changed. The correlation between historical values of Atlantica Sustainable'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 Atlantica Sustainable Infrastructure 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., Atlantica Sustainable's Other Non Cash Items and Net Income go up and down completely randomly.
Correlation Coefficient | -0.1 |
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 Atlantica Sustainable financial statement analysis. It represents the amount of money remaining after all of Atlantica Sustainable Infrastructure operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Atlantica Sustainable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlantica Sustainable 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 Atlantica Sustainable Infrastructure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. At this time, Atlantica Sustainable's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Tax Provision is likely to drop slightly above 750.5 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 361.3M | 333.3M | 375.9M | 350.3M | Depreciation And Amortization | 470.3M | 507.2M | 415.4M | 332.9M |
Atlantica Sustainable fundamental ratios Correlations
Click cells to compare fundamentals
Atlantica Sustainable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atlantica Sustainable fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.7B | 9.9B | 9.8B | 9.1B | 8.7B | 9.1B | |
Short Long Term Debt Total | 5.6B | 6.2B | 6.1B | 5.6B | 5.5B | 5.3B | |
Other Current Liab | 33.6M | 54.3M | 33.6M | 24.4M | 92.2M | 96.8M | |
Total Current Liabilities | 973.4M | 483.3M | 824.4M | 519.0M | 607.8M | 782.9M | |
Total Stockholder Equity | 1.5B | 1.5B | 1.5B | 1.6B | 1.4B | 1.6B | |
Net Debt | 5.0B | 5.4B | 5.4B | 5.0B | 5.0B | 4.7B | |
Accounts Payable | 128.1M | 92.6M | 113.9M | 140.2M | 77.3M | 98.3M | |
Cash | 562.8M | 868.5M | 622.7M | 601.0M | 448.3M | 538.4M | |
Non Current Assets Total | 8.5B | 8.5B | 8.6B | 8.1B | 7.7B | 8.1B | |
Non Currrent Assets Other | 8.5B | 8.5T | 8.6T | 585.9B | 7.2B | 6.8B | |
Cash And Short Term Investments | 781.4M | 1.1B | 830.1M | 796.9M | 637.2M | 719.6M | |
Net Receivables | 317.6M | 331.7M | 307.1M | 200.3M | 273.8M | 276.7M | |
Liabilities And Stockholders Equity | 9.7B | 9.9B | 9.8B | 9.1B | 8.7B | 9.1B | |
Non Current Liabilities Total | 7.0B | 7.7B | 7.2B | 6.8B | 5.7B | 6.4B | |
Other Stockholder Equity | 1.7B | 1.0B | 872.0M | 986.6M | 736.6M | 1.1B | |
Total Liab | 7.9B | 8.2B | 8.0B | 7.3B | 6.3B | 7.2B | |
Total Current Assets | 1.1B | 1.4B | 1.2B | 1.0B | 982.2M | 1.0B | |
Accumulated Other Comprehensive Income | 1.9B | 878.5M | 1.1B | 999.2M | 1.0B | 1.4B | |
Short Term Debt | 811.1M | 336.0M | 676.4M | 343.2M | 421.4M | 579.0M | |
Intangible Assets | 8.2B | 8.2B | 8.0B | 7.5B | 7.2B | 7.6B | |
Other Liab | 1.9B | 1.4B | 1.5B | 1.5B | 1.7B | 1.7B | |
Property Plant And Equipment Net | (8.5B) | (8.5T) | (8.6T) | (585.9B) | (7.2B) | (7.6B) | |
Current Deferred Revenue | 565K | 416K | 542K | 11.2M | 16.9M | 17.8M | |
Other Assets | 1K | 153.4M | 183.1M | 239.5M | 215.5M | 204.7M | |
Long Term Debt | 4.8B | 5.9B | 5.4B | 5.2B | 5.0B | 5.0B | |
Common Stock Shares Outstanding | 101.1M | 103.4M | 111.0M | 114.7M | 116.2M | 108.1M | |
Short Term Investments | 218.6M | 200.1M | 207.4M | 195.9M | 188.9M | 169.0M | |
Inventory | 20.3M | 24.0M | 29.7M | 34.5M | 29.9M | 24.0M | |
Other Current Assets | 536.1M | 443.2B | 428.7B | 219.4M | 41.4M | 39.3M | |
Net Tangible Assets | (5.6B) | (5.5B) | (4.9B) | (4.3B) | (4.9B) | (5.2B) | |
Long Term Investments | 139.9M | 116.6M | 391.2M | 260.0M | 230.3M | 186.4M | |
Short Long Term Debt | 811.1M | 336.0M | 676.4M | 343.2M | 421.4M | 733.7M | |
Retained Earnings | (385.5M) | (373.5M) | (398.7M) | (397.5M) | (351.5M) | (369.1M) | |
Common Stock | 10.2M | 10.7M | 11.2M | 11.6M | 11.6M | 11.4M | |
Property Plant Equipment | 205.6M | 270.9M | 773.9M | 844.4M | 760.0M | 722.0M | |
Non Current Liabilities Other | 1.6B | 1.2B | 1.3B | 45.4M | 44.5M | 42.3M |
Pair Trading with Atlantica Sustainable
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 Atlantica Sustainable 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 Atlantica Sustainable will appreciate offsetting losses from the drop in the long position's value.Moving against Atlantica Stock
0.86 | ADN | Advent Technologies Financial Report 20th of May 2024 | PairCorr |
0.84 | ADNWW | Advent Technologies | PairCorr |
0.67 | ELLO | Ellomay Capital | PairCorr |
0.6 | HTOOW | Fusion Fuel Green | PairCorr |
0.6 | CREG | Smart Powerr Corp | PairCorr |
The ability to find closely correlated positions to Atlantica Sustainable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlantica Sustainable 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 Atlantica Sustainable - 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 Atlantica Sustainable Infrastructure to buy it.
The correlation of Atlantica Sustainable 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 Atlantica Sustainable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlantica Sustainable 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 Atlantica Sustainable 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlantica Sustainable Infrastructure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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Is Atlantica Sustainable's 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 Atlantica Sustainable. If investors know Atlantica 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 Atlantica Sustainable 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 1.224 | Dividend Share 1.78 | Earnings Share 0.41 | Revenue Per Share 9.543 | Quarterly Revenue Growth 0.017 |
The market value of Atlantica Sustainable is measured differently than its book value, which is the value of Atlantica that is recorded on the company's balance sheet. Investors also form their own opinion of Atlantica Sustainable's value that differs from its market value or its book value, called intrinsic value, which is Atlantica Sustainable's 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 Atlantica Sustainable's market value can be influenced by many factors that don't directly affect Atlantica Sustainable's 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 Atlantica Sustainable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlantica Sustainable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlantica Sustainable's 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.