Alliant Total Other Income Expense Net vs Income Before Tax Analysis
LNT Stock | USD 51.97 0.02 0.04% |
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 Total Other Income Expense Net and its Income Before Tax 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Other Income Expense Net vs Income Before Tax
Total Other Income Expense Net vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliant Energy Corp Total Other Income Expense Net account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alliant Energy's Total Other Income Expense Net and Income Before Tax is -0.5. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Income Before Tax 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 Total Other Income Expense Net and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Alliant Energy Corp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Other Income Expense Net i.e., Alliant Energy's Total Other Income Expense Net and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Other Income Expense Net
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Alliant Energy income statement and is an important metric when analyzing Alliant Energy Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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 tightly coupled 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 |
Alliant Energy fundamental ratios Correlations
Click cells to compare fundamentals
Alliant Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.89 | D | Dominion Energy | PairCorr |
0.96 | ED | Consolidated Edison | PairCorr |
0.88 | ES | Eversource Energy | PairCorr |
0.93 | FE | FirstEnergy | PairCorr |
Moving against Alliant Stock
0.58 | EBR | Centrais Electricas | PairCorr |
0.45 | CMS-PC | CMS Energy | PairCorr |
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.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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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.
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Is Alliant Energy'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 Alliant Energy. If investors know Alliant 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 Alliant Energy 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 (0.05) | Dividend Share 1.838 | Earnings Share 2.75 | Revenue Per Share 15.658 | Quarterly Revenue Growth (0.04) |
The market value of Alliant Energy Corp is measured differently than its book value, which is the value of Alliant that is recorded on the company's balance sheet. Investors also form their own opinion of Alliant Energy's value that differs from its market value or its book value, called intrinsic value, which is Alliant Energy'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 Alliant Energy's market value can be influenced by many factors that don't directly affect Alliant Energy'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 Alliant Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliant Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliant Energy'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.