NiSource Short Term Investments vs Total Assets Analysis
NI Stock | USD 28.68 0.22 0.76% |
NiSource financial indicator trend analysis is infinitely more than just investigating NiSource recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NiSource is a good investment. Please check the relationship between NiSource Short Term Investments and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NiSource Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NiSource's Short Term Investments and Total Assets is 0.16. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of NiSource, assuming nothing else is changed. The correlation between historical values of NiSource's Short Term Investments and Total 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 Short Term Investments of NiSource are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., NiSource's Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of NiSource balance sheet. It contains any investments NiSource undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NiSource can easily liquidate in the marketplace.Total Assets
Total assets refers to the total amount of NiSource assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NiSource books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from NiSource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NiSource 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 NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.The NiSource's current Sales General And Administrative To Revenue is estimated to increase to 0, while Selling General Administrative is projected to decrease to under 22.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.1B | 2.3B | 2.5B | 3.5B | Total Revenue | 4.9B | 5.9B | 5.5B | 5.0B |
NiSource fundamental ratios Correlations
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NiSource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NiSource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 376.0M | 384.3M | 417.3M | 442.7M | 447.9M | 263.6M | |
Total Assets | 22.7B | 22.0B | 24.2B | 26.7B | 31.1B | 19.2B | |
Short Long Term Debt Total | 9.6B | 9.7B | 9.8B | 11.7B | 14.1B | 7.8B | |
Other Current Liab | 1.0B | 920.8M | 1.2B | 1.3B | 1.1B | 1.2B | |
Total Current Liabilities | 3.7B | 2.3B | 2.7B | 4.7B | 5.3B | 3.5B | |
Total Stockholder Equity | 6.0B | 5.8B | 6.9B | 7.6B | 8.3B | 4.9B | |
Property Plant And Equipment Net | 16.9B | 16.6B | 17.9B | 19.8B | 22.3B | 12.3B | |
Current Deferred Revenue | 256.4M | 243.3M | 237.9M | 324.7M | 294.4M | 242.8M | |
Net Debt | 9.5B | 9.6B | 9.7B | 11.6B | 11.9B | 7.7B | |
Retained Earnings | (1.4B) | (1.8B) | (1.6B) | (1.2B) | (967M) | (918.7M) | |
Accounts Payable | 666M | 589M | 697.8M | 899.5M | 749.4M | 629.6M | |
Cash | 139.3M | 116.5M | 84.2M | 40.8M | 2.2B | 2.4B | |
Non Current Assets Total | 20.8B | 20.4B | 22.2B | 24.2B | 26.6B | 17.0B | |
Non Currrent Assets Other | 764.5M | 553.1M | 949.3M | 2.6B | 1.8B | 1.9B | |
Cash And Short Term Investments | 139.3M | 116.5M | 84.2M | 40.8M | 2.2B | 2.4B | |
Net Receivables | 905.4M | 825.4M | 925.2M | 1.2B | 928M | 942.9M | |
Liabilities And Stockholders Equity | 22.7B | 22.0B | 24.2B | 26.7B | 31.1B | 19.2B | |
Non Current Liabilities Total | 12.9B | 13.9B | 14.1B | 14.2B | 15.7B | 10.9B | |
Inventory | 424.7M | 401.1M | 498.7M | 751.9M | 503.2M | 499.5M | |
Other Current Assets | 225.7M | 135.7M | 206.2M | 233.2M | 332.9M | 385.2M | |
Other Stockholder Equity | 6.6B | 6.8B | 7.1B | 7.3B | 8.8B | 9.2B | |
Total Liab | 16.7B | 16.2B | 16.9B | 18.8B | 20.9B | 14.2B | |
Total Current Assets | 1.9B | 1.7B | 1.9B | 2.6B | 4.5B | 2.3B | |
Accumulated Other Comprehensive Income | (92.6M) | (156.7M) | (126.8M) | (37.1M) | (33.6M) | (35.3M) | |
Short Term Debt | 1.8B | 526.3M | 618.1M | 2.1B | 3.1B | 3.2B | |
Other Liab | 4.9B | 4.6B | 5.0B | 4.6B | 5.3B | 3.6B | |
Other Assets | 2.3B | 2.0B | 2.6B | 2.6B | 63.6M | 60.4M | |
Long Term Debt | 7.9B | 9.0B | 9.2B | 9.5B | 11.1B | 7.5B | |
Property Plant Equipment | 17.0B | 39.9M | 17.9B | 35.7M | 41.1M | 39.0M | |
Property Plant And Equipment Gross | 16.9B | 16.6B | 25.2B | 27.6B | 30.5B | 15.6B | |
Net Tangible Assets | 13.0B | 14.1B | 14.6B | 15.6B | 17.9B | 13.9B | |
Retained Earnings Total Equity | (1.4B) | (1.8B) | (1.6B) | (1.2B) | (1.1B) | (1.0B) |
NiSource Investors Sentiment
The influence of NiSource's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NiSource. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NiSource's public news can be used to forecast risks associated with an investment in NiSource. The trend in average sentiment can be used to explain how an investor holding NiSource can time the market purely based on public headlines and social activities around NiSource. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NiSource's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NiSource's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NiSource's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NiSource.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NiSource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NiSource's short interest history, or implied volatility extrapolated from NiSource options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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When running NiSource's price analysis, check to measure NiSource'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 NiSource is operating at the current time. Most of NiSource's value examination focuses on studying past and present price action to predict the probability of NiSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NiSource's price. Additionally, you may evaluate how the addition of NiSource to your portfolios can decrease your overall portfolio volatility.
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Is NiSource'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 NiSource. If investors know NiSource 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 NiSource 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 0.075 | Dividend Share 1.03 | Earnings Share 1.54 | Revenue Per Share 12.346 | Quarterly Revenue Growth (0.13) |
The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource'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 NiSource's market value can be influenced by many factors that don't directly affect NiSource'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 NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource'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.