One Good Will vs Non Currrent Assets Other Analysis

OGS Stock

USD 62.84 0.03 0.05%

One Gas financial indicator trend analysis is much more than just breaking down One Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether One Gas is a good investment. Please check the relationship between One Gas Good Will and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy One Stock please use our How to Invest in One Gas guide.

Good Will vs Non Currrent Assets Other

Good Will vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of One Gas Good Will account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between One Gas' Good Will and Non Currrent Assets Other is -0.32. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of One Gas, assuming nothing else is changed. The correlation between historical values of One Gas' Good Will and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of One Gas are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Good Will i.e., One Gas' Good Will and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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.

Most indicators from One Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into One Gas 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy One Stock please use our How to Invest in One Gas guide.Tax Provision is likely to gain to about 46.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 427.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	60.3M	77.5M	121.0M	66.3M
Depreciation And Amortization	204.0M	224.3M	279.8M	182.7M

Interest Expense Depreciation And Amortization

One Gas fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.58	0.45	0.61	0.5	0.61	0.44	0.61	0.59	0.45	0.46	0.85	0.61	0.37	0.41	0.45	0.85	0.33	-0.93	0.5	0.51	0.07	-0.5	0.54	0.59	0.26
Total Assets	0.58		0.92	0.85	0.79	0.94	0.76	0.96	0.37	0.92	0.79	0.5	0.97	0.51	0.8	0.87	0.5	0.55	-0.3	0.97	0.81	0.58	-0.58	0.99	0.97	0.73
Short Long Term Debt Total	0.45	0.92		0.71	0.79	0.73	0.51	0.82	0.27	1.0	0.8	0.33	0.82	0.6	0.64	0.91	0.33	0.5	-0.24	0.94	0.73	0.79	-0.29	0.97	0.91	0.89
Other Current Liab	0.61	0.85	0.71		0.84	0.88	0.64	0.91	0.29	0.7	0.71	0.64	0.91	0.39	0.57	0.64	0.64	0.46	-0.39	0.73	0.73	0.21	-0.45	0.81	0.89	0.38
Total Current Liabilities	0.5	0.79	0.79	0.84		0.7	0.42	0.84	0.14	0.78	0.81	0.54	0.81	0.35	0.3	0.56	0.54	0.54	-0.37	0.66	0.71	0.29	-0.08	0.8	0.88	0.46
Total Stockholder Equity	0.61	0.94	0.73	0.88	0.7		0.87	0.97	0.43	0.73	0.66	0.59	0.98	0.4	0.82	0.73	0.59	0.48	-0.33	0.86	0.76	0.32	-0.73	0.88	0.9	0.48
Other Liab	0.44	0.76	0.51	0.64	0.42	0.87		0.81	0.45	0.51	0.33	0.47	0.82	0.37	0.82	0.58	0.47	0.14	-0.17	0.71	0.47	0.24	-0.83	0.68	0.66	0.31
Property Plant And Equipment Net	0.61	0.96	0.82	0.91	0.84	0.97	0.81		0.41	0.82	0.74	0.59	1.0	0.45	0.72	0.74	0.59	0.51	-0.35	0.87	0.77	0.36	-0.58	0.93	0.96	0.53
Current Deferred Revenue	0.59	0.37	0.27	0.29	0.14	0.43	0.45	0.41		0.27	0.04	0.47	0.4	0.56	0.45	0.35	0.47	-0.09	-0.53	0.36	0.02	0.13	-0.54	0.33	0.27	0.14
Net Debt	0.45	0.92	1.0	0.7	0.78	0.73	0.51	0.82	0.27		0.8	0.32	0.82	0.6	0.64	0.91	0.32	0.5	-0.24	0.94	0.73	0.79	-0.29	0.96	0.9	0.89
Accounts Payable	0.46	0.79	0.8	0.71	0.81	0.66	0.33	0.74	0.04	0.8		0.33	0.74	0.06	0.38	0.68	0.33	0.87	-0.26	0.75	0.92	0.44	-0.12	0.82	0.87	0.67
Cash	0.85	0.5	0.33	0.64	0.54	0.59	0.47	0.59	0.47	0.32	0.33		0.59	0.35	0.38	0.27	1.0	0.16	-0.85	0.37	0.35	-0.09	-0.47	0.44	0.52	0.05
Non Current Assets Total	0.61	0.97	0.82	0.91	0.81	0.98	0.82	1.0	0.4	0.82	0.74	0.59		0.45	0.77	0.77	0.59	0.51	-0.35	0.89	0.79	0.39	-0.62	0.93	0.96	0.55
Non Currrent Assets Other	0.37	0.51	0.6	0.39	0.35	0.4	0.37	0.45	0.56	0.6	0.06	0.35	0.45		0.52	0.58	0.35	-0.25	-0.32	0.55	0.03	0.6	-0.34	0.54	0.4	0.51
Other Assets	0.41	0.8	0.64	0.57	0.3	0.82	0.82	0.72	0.45	0.64	0.38	0.38	0.77	0.52		0.77	0.38	0.24	-0.13	0.84	0.52	0.57	-0.86	0.76	0.65	0.62
Long Term Debt	0.45	0.87	0.91	0.64	0.56	0.73	0.58	0.74	0.35	0.91	0.68	0.27	0.77	0.58	0.77		0.27	0.38	-0.17	0.93	0.65	0.81	-0.47	0.9	0.82	0.87
Cash And Short Term Investments	0.85	0.5	0.33	0.64	0.54	0.59	0.47	0.59	0.47	0.32	0.33	1.0	0.59	0.35	0.38	0.27		0.16	-0.85	0.37	0.35	-0.09	-0.47	0.44	0.52	0.05
Net Receivables	0.33	0.55	0.5	0.46	0.54	0.48	0.14	0.51	-0.09	0.5	0.87	0.16	0.51	-0.25	0.24	0.38	0.16		-0.16	0.52	0.87	0.21	-0.11	0.56	0.61	0.48
Good Will	-0.93	-0.3	-0.24	-0.39	-0.37	-0.33	-0.17	-0.35	-0.53	-0.24	-0.26	-0.85	-0.35	-0.32	-0.13	-0.17	-0.85	-0.16		-0.22	-0.27	0.09	0.25	-0.28	-0.34	-0.06
Non Current Liabilities Total	0.5	0.97	0.94	0.73	0.66	0.86	0.71	0.87	0.36	0.94	0.75	0.37	0.89	0.55	0.84	0.93	0.37	0.52	-0.22		0.77	0.74	-0.57	0.98	0.9	0.85
Inventory	0.51	0.81	0.73	0.73	0.71	0.76	0.47	0.77	0.02	0.73	0.92	0.35	0.79	0.03	0.52	0.65	0.35	0.87	-0.27	0.77		0.37	-0.32	0.81	0.87	0.61
Other Current Assets	0.07	0.58	0.79	0.21	0.29	0.32	0.24	0.36	0.13	0.79	0.44	-0.09	0.39	0.6	0.57	0.81	-0.09	0.21	0.09	0.74	0.37		-0.17	0.68	0.49	0.95
Other Stockholder Equity	-0.5	-0.58	-0.29	-0.45	-0.08	-0.73	-0.83	-0.58	-0.54	-0.29	-0.12	-0.47	-0.62	-0.34	-0.86	-0.47	-0.47	-0.11	0.25	-0.57	-0.32	-0.17		-0.48	-0.4	-0.24
Total Liab	0.54	0.99	0.97	0.81	0.8	0.88	0.68	0.93	0.33	0.96	0.82	0.44	0.93	0.54	0.76	0.9	0.44	0.56	-0.28	0.98	0.81	0.68	-0.48		0.96	0.81
Property Plant And Equipment Gross	0.59	0.97	0.91	0.89	0.88	0.9	0.66	0.96	0.27	0.9	0.87	0.52	0.96	0.4	0.65	0.82	0.52	0.61	-0.34	0.9	0.87	0.49	-0.4	0.96		0.66
Total Current Assets	0.26	0.73	0.89	0.38	0.46	0.48	0.31	0.53	0.14	0.89	0.67	0.05	0.55	0.51	0.62	0.87	0.05	0.48	-0.06	0.85	0.61	0.95	-0.24	0.81	0.66

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One Gas Account Relationship Matchups

One Gas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	53.2M	53.4M	53.7M	54.3M	55.9M	58.5M
Total Assets	5.7B	6.0B	8.4B	7.8B	8.0B	6.0B
Short Long Term Debt Total	1.8B	2.0B	4.2B	2.9B	3.1B	2.1B
Other Current Liab	177.8M	158.5M	165.5M	198.4M	242.1M	158.7M
Total Current Liabilities	872.7M	797.1M	980.5M	1.2B	1.5B	822.1M
Total Stockholder Equity	2.1B	2.2B	2.3B	2.6B	2.8B	2.1B
Other Liab	1.4B	1.4B	1.4B	1.3B	1.5B	1.1B
Property Plant And Equipment Net	4.6B	4.9B	5.2B	5.6B	6.2B	4.5B
Current Deferred Revenue	58.0M	68.0M	62.5M	57.9M	62.2M	66.6M
Net Debt	1.8B	2.0B	4.2B	2.9B	3.0B	2.1B
Accounts Payable	120.5M	152.3M	258.6M	360.5M	278.1M	196.8M
Cash	17.9M	8.0M	8.9M	9.7M	39.4M	41.4M
Non Current Assets Total	5.2B	5.5B	6.2B	6.6B	7.2B	5.2B
Non Currrent Assets Other	478.9M	463.8M	828.8M	(250.3M)	398.0M	417.9M
Other Assets	444.7M	463.8M	828.8M	448.2M	515.4M	436.5M
Long Term Debt	1.3B	1.6B	3.7B	2.4B	2.2B	1.6B
Cash And Short Term Investments	17.9M	8.0M	8.9M	9.7M	39.4M	41.4M
Net Receivables	260.0M	293.0M	341.8M	553.8M	347.9M	355.3M
Liabilities And Stockholders Equity	5.7B	6.0B	8.4B	7.8B	8.0B	6.0B
Non Current Liabilities Total	2.7B	3.0B	5.1B	4.0B	3.7B	3.1B
Inventory	160.0M	146.7M	234.5M	340.1M	264.7M	202.2M
Other Current Assets	68.3M	92.2M	1.6B	305.6M	113.2M	107.5M
Other Stockholder Equity	1.7B	1.8B	1.8B	1.9B	2.0B	1.6B
Total Liab	3.6B	3.8B	6.1B	5.2B	5.2B	3.9B
Property Plant And Equipment Gross	4.6B	4.9B	7.3B	7.8B	8.5B	5.1B
Total Current Assets	506.2M	539.9M	2.2B	1.2B	765.2M	814.7M
Accumulated Other Comprehensive Income	(6.7M)	(7.8M)	(6.5M)	(704K)	(1.2M)	(1.2M)
Short Term Debt	516.5M	418.2M	494M	572.7M	894.9M	939.7M
Property Plant Equipment	4.6B	4.9B	5.2B	5.6B	6.5B	4.4B
Net Tangible Assets	2.0B	2.1B	2.2B	2.1B	2.4B	1.6B
Retained Earnings	402.5M	483.6M	565.2M	651.9M	737.7M	370.4M
Common Stock Total Equity	528K	532K	536K	553K	636.0K	525.1K
Retained Earnings Total Equity	402.5M	483.6M	565.2M	651.9M	749.6M	787.1M
Long Term Debt Total	1.3B	1.6B	3.7B	2.7B	3.1B	1.7B
Deferred Long Term Liab	682.6M	656.8M	724.9M	330.8M	297.7M	582.1M
Non Current Liabilities Other	737.5M	759.1M	693.4M	1.3B	1.5B	801.4M
Common Stock	528K	532K	536K	553K	565K	533.9K
Capital Surpluse	1.7B	1.8B	1.8B	1.9B	2.2B	1.9B
Short Long Term Debt	516.5M	418.2M	494M	572.7M	888.9M	933.4M

Pair Trading with One Gas

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 One Gas 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 One Gas will appreciate offsetting losses from the drop in the long position's value.

Moving together with One Stock

0.64	SR	Spire Inc Fiscal Year End 21st of November 2024	Pair Corr
0.91	ATO	Atmos Energy Fiscal Year End 13th of November 2024	Pair Corr

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

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

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

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