Companhia Reconciled Depreciation vs Other Operating Expenses Analysis

Companhia Energetica financial indicator trend analysis is way more than just evaluating Companhia Energetica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Companhia Energetica is a good investment. Please check the relationship between Companhia Energetica Reconciled Depreciation and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios. 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.

Reconciled Depreciation vs Other Operating Expenses

Reconciled Depreciation vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Companhia Energetica Reconciled Depreciation account and Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Companhia Energetica's Reconciled Depreciation and Other Operating Expenses is 0.84. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Companhia Energetica de, assuming nothing else is changed. The correlation between historical values of Companhia Energetica's Reconciled Depreciation and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Companhia Energetica de are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Reconciled Depreciation i.e., Companhia Energetica's Reconciled Depreciation and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Reconciled Depreciation

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Companhia Energetica. It is also known as Companhia Energetica overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most indicators from Companhia Energetica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Companhia Energetica 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. 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.

At this time, Companhia Energetica's Enterprise Value is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Interest Expense	1.7B	2.5B	1.0B	1.2B
Depreciation And Amortization	1.0B	1.8B	1.3B	967.8M

Interest Expense Depreciation And Amortization

Companhia Energetica fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		0.58	0.56	0.71	0.79	0.67	-0.8	0.25	0.6	0.67	0.86	0.04	0.91	0.5	0.46	0.8	0.46	0.86	0.66	0.88	-0.16	0.35	-0.58	0.96	0.82	-0.06
Short Long Term Debt Total	0.58		0.14	0.62	0.11	0.09	-0.4	0.22	0.98	-0.1	0.41	0.35	0.54	0.43	0.29	0.52	0.7	0.31	0.02	0.62	0.31	0.47	-0.43	0.74	0.45	0.65
Other Current Liab	0.56	0.14		0.75	0.28	0.26	-0.43	-0.44	0.18	0.35	0.24	-0.19	0.23	0.0	0.19	0.49	-0.09	0.24	0.29	0.3	-0.13	-0.1	-0.25	0.59	0.84	-0.28
Total Current Liabilities	0.71	0.62	0.75		0.28	0.11	-0.36	0.05	0.62	0.16	0.39	0.16	0.43	0.13	0.3	0.44	0.36	0.36	0.25	0.4	-0.04	0.38	-0.27	0.79	0.86	0.33
Total Stockholder Equity	0.79	0.11	0.28	0.28		0.74	-0.69	0.38	0.11	0.91	0.9	0.03	0.86	0.38	0.37	0.53	0.29	0.93	0.82	0.64	-0.49	0.38	-0.33	0.57	0.45	-0.36
Other Liab	0.67	0.09	0.26	0.11	0.74		-0.62	0.1	0.12	0.8	0.68	-0.14	0.72	0.4	0.29	0.64	0.07	0.74	0.63	0.73	-0.29	0.06	-0.38	0.55	0.4	-0.49
Property Plant And Equipment Net	-0.8	-0.4	-0.43	-0.36	-0.69	-0.62		0.0	-0.48	-0.65	-0.8	0.34	-0.81	-0.35	-0.24	-0.85	-0.21	-0.67	-0.58	-0.83	0.12	-0.11	0.79	-0.75	-0.54	0.33
Current Deferred Revenue	0.25	0.22	-0.44	0.05	0.38	0.1	0.0		0.16	0.15	0.38	0.36	0.38	0.28	0.23	-0.1	0.59	0.5	0.16	0.21	-0.21	0.5	-0.05	0.17	0.0	0.31
Net Debt	0.6	0.98	0.18	0.62	0.11	0.12	-0.48	0.16		-0.06	0.44	0.17	0.57	0.41	0.23	0.59	0.61	0.31	0.05	0.66	0.3	0.39	-0.53	0.77	0.47	0.58
Retained Earnings	0.67	-0.1	0.35	0.16	0.91	0.8	-0.65	0.15	-0.06		0.77	-0.22	0.74	0.27	0.11	0.55	-0.05	0.79	0.85	0.56	-0.49	0.14	-0.25	0.46	0.37	-0.54
Accounts Payable	0.86	0.41	0.24	0.39	0.9	0.68	-0.8	0.38	0.44	0.77		-0.04	0.95	0.36	0.38	0.68	0.42	0.92	0.73	0.77	-0.36	0.52	-0.52	0.72	0.46	-0.13
Cash	0.04	0.35	-0.19	0.16	0.03	-0.14	0.34	0.36	0.17	-0.22	-0.04		0.02	0.19	0.35	-0.24	0.62	0.08	-0.12	-0.07	0.1	0.53	0.39	0.04	0.05	0.53
Non Current Assets Total	0.91	0.54	0.23	0.43	0.86	0.72	-0.81	0.38	0.57	0.74	0.95	0.02		0.53	0.33	0.73	0.45	0.9	0.72	0.87	-0.25	0.47	-0.54	0.81	0.5	-0.03
Non Currrent Assets Other	0.5	0.43	0.0	0.13	0.38	0.4	-0.35	0.28	0.41	0.27	0.36	0.19	0.53		0.44	0.48	0.51	0.5	0.15	0.66	0.06	-0.12	-0.31	0.51	0.3	0.04
Other Assets	0.46	0.29	0.19	0.3	0.37	0.29	-0.24	0.23	0.23	0.11	0.38	0.35	0.33	0.44		0.37	0.57	0.5	0.21	0.43	0.07	0.16	-0.31	0.45	0.51	-0.1
Long Term Debt	0.8	0.52	0.49	0.44	0.53	0.64	-0.85	-0.1	0.59	0.55	0.68	-0.24	0.73	0.48	0.37		0.32	0.64	0.47	0.87	0.08	-0.04	-0.75	0.82	0.64	-0.22
Cash And Short Term Investments	0.46	0.7	-0.09	0.36	0.29	0.07	-0.21	0.59	0.61	-0.05	0.42	0.62	0.45	0.51	0.57	0.32		0.51	-0.08	0.47	0.15	0.45	-0.27	0.5	0.34	0.47
Net Receivables	0.86	0.31	0.24	0.36	0.93	0.74	-0.67	0.5	0.31	0.79	0.92	0.08	0.9	0.5	0.5	0.64	0.51		0.7	0.78	-0.33	0.37	-0.47	0.71	0.54	-0.22
Common Stock Shares Outstanding	0.66	0.02	0.29	0.25	0.82	0.63	-0.58	0.16	0.05	0.85	0.73	-0.12	0.72	0.15	0.21	0.47	-0.08	0.7		0.51	-0.26	0.32	-0.24	0.47	0.38	-0.35
Non Current Liabilities Total	0.88	0.62	0.3	0.4	0.64	0.73	-0.83	0.21	0.66	0.56	0.77	-0.07	0.87	0.66	0.43	0.87	0.47	0.78	0.51		0.06	0.12	-0.75	0.88	0.61	-0.13
Inventory	-0.16	0.31	-0.13	-0.04	-0.49	-0.29	0.12	-0.21	0.3	-0.49	-0.36	0.1	-0.25	0.06	0.07	0.08	0.15	-0.33	-0.26	0.06		-0.3	-0.1	0.02	0.0	0.25
Other Current Assets	0.35	0.47	-0.1	0.38	0.38	0.06	-0.11	0.5	0.39	0.14	0.52	0.53	0.47	-0.12	0.16	-0.04	0.45	0.37	0.32	0.12	-0.3		0.09	0.28	0.09	0.54
Other Stockholder Equity	-0.58	-0.43	-0.25	-0.27	-0.33	-0.38	0.79	-0.05	-0.53	-0.25	-0.52	0.39	-0.54	-0.31	-0.31	-0.75	-0.27	-0.47	-0.24	-0.75	-0.1	0.09		-0.64	-0.46	0.22
Total Liab	0.96	0.74	0.59	0.79	0.57	0.55	-0.75	0.17	0.77	0.46	0.72	0.04	0.81	0.51	0.45	0.82	0.5	0.71	0.47	0.88	0.02	0.28	-0.64		0.86	0.09
Total Current Assets	0.82	0.45	0.84	0.86	0.45	0.4	-0.54	0.0	0.47	0.37	0.46	0.05	0.5	0.3	0.51	0.64	0.34	0.54	0.38	0.61	0.0	0.09	-0.46	0.86		-0.1
Short Term Debt	-0.06	0.65	-0.28	0.33	-0.36	-0.49	0.33	0.31	0.58	-0.54	-0.13	0.53	-0.03	0.04	-0.1	-0.22	0.47	-0.22	-0.35	-0.13	0.25	0.54	0.22	0.09	-0.1

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Companhia Energetica Account Relationship Matchups

Companhia Energetica fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	49.9B	54.1B	52.0B	53.7B	55.0B	37.9B
Short Long Term Debt Total	15.1B	15.2B	11.6B	10.9B	10.3B	11.0B
Other Current Liab	1.1B	2.0B	2.4B	7.4B	4.3B	2.7B
Total Current Liabilities	8.7B	9.7B	10.7B	11.2B	13.1B	9.2B
Total Stockholder Equity	15.1B	17.5B	19.5B	21.8B	22.8B	13.6B
Other Liab	7.9B	13.9B	13.8B	11.8B	13.6B	14.3B
Property Plant And Equipment Net	2.7B	2.6B	2.6B	2.7B	3.7B	6.1B
Current Deferred Revenue	2.8B	3.2B	4.0B	3.0B	3.5B	2.2B
Net Debt	14.5B	13.6B	10.8B	9.5B	8.7B	9.5B
Retained Earnings	7.9B	6.7B	7.3B	10.4B	11.3B	5.7B
Accounts Payable	2.1B	2.4B	2.7B	2.8B	3.0B	1.6B
Cash	536M	1.7B	825M	1.4B	1.5B	1.5B
Non Current Assets Total	39.8B	38.6B	39.1B	40.2B	43.1B	28.7B
Non Currrent Assets Other	10.9B	11.8B	10.6B	9.5B	1.8B	1.7B
Other Assets	(1M)	11.8B	11.9B	3.8B	4.4B	3.9B
Long Term Debt	12.0B	13.0B	9.9B	9.6B	7.2B	6.1B
Cash And Short Term Investments	2.4B	5.3B	4.1B	4.2B	2.3B	2.9B
Net Receivables	5.6B	7.7B	8.0B	8.3B	8.1B	4.0B
Common Stock Shares Outstanding	2.3B	2.2B	2.2B	2.2B	2.9B	1.9B
Liabilities And Stockholders Equity	49.9B	54.1B	52.0B	53.7B	55.0B	37.9B
Non Current Liabilities Total	26.1B	26.9B	21.9B	20.7B	17.3B	15.0B
Inventory	39M	1.8B	(1.7B)	(1.7B)	(1.1B)	(1.1B)
Other Current Assets	596M	631M	862M	889M	1.5B	996.3M
Other Stockholder Equity	(7.9B)	(6.7B)	(9.5B)	(1.9B)	(1.4M)	(1.4M)
Total Liab	34.9B	36.6B	32.6B	31.9B	30.3B	24.2B
Total Current Assets	10.1B	15.5B	12.9B	13.5B	11.9B	9.2B
Accumulated Other Comprehensive Income	7.8B	9.9B	13.2B	2.3B	478.3M	454.3M
Short Term Debt	2.8B	2.1B	1.5B	1.0B	2.7B	2.7B
Property Plant Equipment	2.7B	2.6B	2.6B	2.7B	2.5B	3.3B
Short Term Investments	1.8B	3.6B	3.2B	2.8B	774.0M	735.3M
Property Plant And Equipment Gross	610M	2.6B	7.9B	2.7B	9.1B	5.9B
Intangible Assets	11.6B	11.8B	13.0B	14.6B	15.2B	16.0B
Net Tangible Assets	(1.1B)	(588.2M)	1.9B	1.5B	1.4B	1.4B
Long Term Investments	5.4B	6.2B	10.4B	10.2B	10.4B	9.0B
Short Long Term Debt	2.7B	2.1B	1.5B	955M	2.6B	2.2B
Long Term Debt Total	12.2B	13.1B	10.1B	9.9B	11.4B	11.3B

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 Companhia Energetica 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, Companhia Energetica's short interest history, or implied volatility extrapolated from Companhia Energetica options trading.

Pair Trading with Companhia Energetica

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 Companhia Energetica 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 Companhia Energetica will appreciate offsetting losses from the drop in the long position's value.

Moving together with Companhia Stock

0.84	NI	NiSource	Pair Corr
0.69	AEP	American Electric Power	Pair Corr

Moving against Companhia Stock

0.59	MNTK	Montauk Renewables	Pair Corr
0.49	KEP	Korea Electric Power	Pair Corr

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

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

Check out Trending Equities to better understand how to build diversified portfolios. 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.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Other Tools for Companhia Stock

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

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