Alliant Non Currrent Assets Other vs Total Current Assets Analysis

LNT Stock

USD 50.09 0.46 0.91%

Alliant Energy financial indicator trend analysis is way more than just evaluating Alliant Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliant Energy Corp is a good investment. Please check the relationship between Alliant Energy Non Currrent Assets Other and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alliant Energy Corp. 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.

Non Currrent Assets Other vs Total Current Assets

Non Currrent Assets Other vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliant Energy Corp Non Currrent Assets Other account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Alliant Energy's Non Currrent Assets Other and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Alliant Energy Corp, assuming nothing else is changed. The correlation between historical values of Alliant Energy's Non Currrent Assets Other and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Alliant Energy Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Currrent Assets Other i.e., Alliant Energy's Non Currrent Assets Other and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Alliant Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliant Energy Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alliant Energy Corp. 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.

Discontinued Operations is likely to gain to about 1.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 538.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.7B	1.1B	1.4B
Total Revenue	3.7B	4.2B	4.0B	2.6B

Gross Profit Total Revenue

Alliant Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.65	0.53	0.63	0.67	0.82	0.63	-0.76	0.53	0.62	0.75	0.15	0.64	0.77	0.15	0.49	0.49	0.65	0.85	0.6	0.37	0.64	0.49	0.83	0.35	0.52
Total Assets	0.65		0.98	0.28	0.76	0.83	1.0	-0.5	0.98	1.0	0.73	0.66	1.0	0.91	0.66	0.33	0.93	0.99	0.77	0.24	0.91	1.0	0.96	0.76	0.79	0.93
Short Long Term Debt Total	0.53	0.98		0.15	0.74	0.8	0.99	-0.38	1.0	0.99	0.69	0.69	0.99	0.85	0.69	0.26	0.95	0.97	0.71	0.14	0.96	0.98	0.98	0.69	0.82	0.94
Other Current Liab	0.63	0.28	0.15		0.37	0.36	0.27	-0.36	0.15	0.25	0.2	0.06	0.27	0.44	0.06	-0.06	0.15	0.25	0.33	0.65	0.05	0.26	0.1	0.37	0.03	0.17
Total Current Liabilities	0.67	0.76	0.74	0.37		0.87	0.78	-0.36	0.75	0.76	0.83	0.27	0.76	0.66	0.27	0.12	0.77	0.7	0.78	0.26	0.65	0.75	0.73	0.64	0.77	0.81
Total Stockholder Equity	0.82	0.83	0.8	0.36	0.87		0.84	-0.47	0.8	0.83	0.82	0.33	0.83	0.78	0.33	0.29	0.75	0.81	0.87	0.33	0.73	0.82	0.77	0.75	0.61	0.79
Property Plant And Equipment Net	0.63	1.0	0.99	0.27	0.78	0.84		-0.47	0.99	1.0	0.73	0.64	1.0	0.89	0.64	0.28	0.94	0.99	0.76	0.22	0.92	0.99	0.96	0.73	0.8	0.94
Current Deferred Revenue	-0.76	-0.5	-0.38	-0.36	-0.36	-0.47	-0.47		-0.38	-0.46	-0.56	-0.11	-0.48	-0.6	-0.11	-0.57	-0.36	-0.53	-0.61	-0.59	-0.17	-0.51	-0.35	-0.72	-0.4	-0.37
Net Debt	0.53	0.98	1.0	0.15	0.75	0.8	0.99	-0.38		0.99	0.69	0.68	0.99	0.85	0.68	0.26	0.95	0.97	0.71	0.14	0.96	0.98	0.98	0.69	0.82	0.95
Retained Earnings	0.62	1.0	0.99	0.25	0.76	0.83	1.0	-0.46	0.99		0.73	0.66	1.0	0.89	0.66	0.29	0.94	0.99	0.76	0.22	0.93	1.0	0.97	0.74	0.8	0.94
Accounts Payable	0.75	0.73	0.69	0.2	0.83	0.82	0.73	-0.56	0.69	0.73		0.19	0.73	0.72	0.19	0.39	0.68	0.72	0.9	0.35	0.54	0.74	0.69	0.79	0.58	0.72
Cash	0.15	0.66	0.69	0.06	0.27	0.33	0.64	-0.11	0.68	0.66	0.19		0.66	0.62	1.0	0.16	0.57	0.67	0.3	-0.05	0.68	0.66	0.66	0.43	0.5	0.54
Non Current Assets Total	0.64	1.0	0.99	0.27	0.76	0.83	1.0	-0.48	0.99	1.0	0.73	0.66		0.9	0.66	0.31	0.94	0.99	0.76	0.22	0.92	1.0	0.96	0.75	0.79	0.93
Non Currrent Assets Other	0.77	0.91	0.85	0.44	0.66	0.78	0.89	-0.6	0.85	0.89	0.72	0.62	0.9		0.62	0.46	0.83	0.92	0.79	0.42	0.74	0.91	0.82	0.85	0.59	0.83
Cash And Short Term Investments	0.15	0.66	0.69	0.06	0.27	0.33	0.64	-0.11	0.68	0.66	0.19	1.0	0.66	0.62		0.16	0.57	0.67	0.3	-0.05	0.68	0.66	0.66	0.43	0.5	0.54
Net Receivables	0.49	0.33	0.26	-0.06	0.12	0.29	0.28	-0.57	0.26	0.29	0.39	0.16	0.31	0.46	0.16		0.22	0.38	0.61	0.34	0.2	0.35	0.3	0.71	0.19	0.22
Common Stock Total Equity	0.49	0.93	0.95	0.15	0.77	0.75	0.94	-0.36	0.95	0.94	0.68	0.57	0.94	0.83	0.57	0.22		0.91	0.66	0.07	0.9	0.93	0.94	0.61	0.84	1.0
Non Current Liabilities Total	0.65	0.99	0.97	0.25	0.7	0.81	0.99	-0.53	0.97	0.99	0.72	0.67	0.99	0.92	0.67	0.38	0.91		0.78	0.25	0.9	1.0	0.95	0.78	0.75	0.91
Inventory	0.85	0.77	0.71	0.33	0.78	0.87	0.76	-0.61	0.71	0.76	0.9	0.3	0.76	0.79	0.3	0.61	0.66	0.78		0.47	0.6	0.78	0.72	0.93	0.54	0.69
Other Current Assets	0.6	0.24	0.14	0.65	0.26	0.33	0.22	-0.59	0.14	0.22	0.35	-0.05	0.22	0.42	-0.05	0.34	0.07	0.25	0.47		0.05	0.24	0.17	0.62	0.07	0.09
Other Stockholder Equity	0.37	0.91	0.96	0.05	0.65	0.73	0.92	-0.17	0.96	0.93	0.54	0.68	0.92	0.74	0.68	0.2	0.9	0.9	0.6	0.05		0.9	0.95	0.56	0.75	0.88
Total Liab	0.64	1.0	0.98	0.26	0.75	0.82	0.99	-0.51	0.98	1.0	0.74	0.66	1.0	0.91	0.66	0.35	0.93	1.0	0.78	0.24	0.9		0.96	0.77	0.79	0.93
Property Plant And Equipment Gross	0.49	0.96	0.98	0.1	0.73	0.77	0.96	-0.35	0.98	0.97	0.69	0.66	0.96	0.82	0.66	0.3	0.94	0.95	0.72	0.17	0.95	0.96		0.71	0.82	0.93
Total Current Assets	0.83	0.76	0.69	0.37	0.64	0.75	0.73	-0.72	0.69	0.74	0.79	0.43	0.75	0.85	0.43	0.71	0.61	0.78	0.93	0.62	0.56	0.77	0.71		0.53	0.63
Short Term Debt	0.35	0.79	0.82	0.03	0.77	0.61	0.8	-0.4	0.82	0.8	0.58	0.5	0.79	0.59	0.5	0.19	0.84	0.75	0.54	0.07	0.75	0.79	0.82	0.53		0.84
Common Stock	0.52	0.93	0.94	0.17	0.81	0.79	0.94	-0.37	0.95	0.94	0.72	0.54	0.93	0.83	0.54	0.22	1.0	0.91	0.69	0.09	0.88	0.93	0.93	0.63	0.84

Click cells to compare fundamentals

Alliant Energy Account Relationship Matchups

Alliant Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	238.5M	248.7M	250.7M	251.2M	253.3M	179.6M
Total Assets	16.7B	17.7B	18.6B	20.2B	22.0B	23.1B
Short Long Term Debt Total	6.5B	7.2B	7.9B	8.7B	9.7B	10.2B
Other Current Liab	1.1B	900M	906M	557M	407M	559.7M
Total Current Liabilities	2.1B	1.3B	2.1B	2.4B	2.3B	1.3B
Total Stockholder Equity	5.2B	5.7B	6.0B	6.3B	6.8B	3.4B
Property Plant And Equipment Net	13.5B	14.3B	15.0B	16.2B	17.2B	18.0B
Net Debt	6.5B	7.1B	7.8B	8.7B	9.6B	10.1B
Retained Earnings	2.8B	3.0B	3.3B	3.5B	3.8B	3.9B
Accounts Payable	422.3M	377M	436M	756M	611M	373.9M
Cash	16.3M	54M	39M	20M	62M	86.8M
Non Current Assets Total	15.8B	16.8B	17.5B	18.9B	20.7B	21.8B
Non Currrent Assets Other	1.8B	2.0B	2.0B	2.1B	2.2B	2.3B
Cash And Short Term Investments	16.3M	54M	39M	20M	62M	86.8M
Net Receivables	214.4M	224M	226M	331M	475M	319.1M
Common Stock Total Equity	2.4M	2.5M	2M	3M	3.5M	3.6M
Liabilities And Stockholders Equity	16.7B	17.7B	18.6B	20.2B	22.0B	23.1B
Non Current Liabilities Total	9.2B	10.5B	10.5B	11.5B	12.9B	13.6B
Inventory	227.3M	217M	246M	325M	343M	206.7M
Other Current Assets	859.2M	833M	1.0B	1.2B	392M	626.0M
Other Stockholder Equity	2.2B	2.5B	2.5B	2.8B	3.0B	3.2B
Total Liab	11.3B	11.8B	12.6B	13.9B	15.2B	16.0B
Property Plant And Equipment Gross	13.5B	14.3B	20.6B	22.3B	23.4B	24.6B
Total Current Assets	875.5M	887M	1.1B	1.3B	1.3B	1.0B
Accumulated Other Comprehensive Income	1.3M	(1M)	200M	(13M)	1M	1.1M
Short Term Debt	994.6M	397M	1.1B	1.1B	1.3B	1.4B
Common Stock	2.4M	2.5M	2M	3M	3.5M	3.3M
Other Liab	3.7B	3.8B	3.8B	3.7B	4.3B	2.2B
Other Assets	1.8B	2.5M	3.0B	3.3B	3.8B	4.0B
Long Term Debt	5.5B	6.8B	6.7B	7.7B	8.2B	8.6B
Property Plant Equipment	13.5B	14.3B	15.0B	16.2B	18.7B	19.6B
Retained Earnings Total Equity	2.8B	3.0B	3.3B	3.5B	4.0B	2.1B
Deferred Long Term Liab	1.8B	2.0B	1.9B	2.0B	2.3B	1.6B
Net Tangible Assets	5.2B	5.7B	6.0B	6.3B	7.2B	5.1B

Pair Trading with Alliant 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 Alliant 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 Alliant Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alliant Stock

0.91	D	Dominion Energy	Pair Corr
0.94	ED	Consolidated Edison	Pair Corr
0.78	ES	Eversource Energy	Pair Corr
0.94	FE	FirstEnergy	Pair Corr

Moving against Alliant Stock

0.56	CMS-PB	Consumers Energy	Pair Corr
0.55	EBR	Centrais Electricas	Pair Corr
0.42	CMS-PC	CMS Energy	Pair Corr

The ability to find closely correlated positions to Alliant 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 Alliant 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 Alliant 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 Alliant Energy Corp to buy it.

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

Additional Tools for Alliant Stock Analysis

When running Alliant Energy's price analysis, check to measure Alliant 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 Alliant Energy is operating at the current time. Most of Alliant Energy's value examination focuses on studying past and present price action to predict the probability of Alliant 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 Alliant Energy's price. Additionally, you may evaluate how the addition of Alliant Energy to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC