Avangrid Capital Stock vs Retained Earnings Analysis

AGR Stock

USD 36.63 0.25 0.69%

Avangrid financial indicator trend analysis is way more than just evaluating Avangrid prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avangrid is a good investment. Please check the relationship between Avangrid Capital Stock and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. 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.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Capital Stock vs Retained Earnings

Capital Stock vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avangrid Capital Stock account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avangrid's Capital Stock and Retained Earnings is 0.42. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Avangrid, assuming nothing else is changed. The correlation between historical values of Avangrid's Capital Stock and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Avangrid are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Stock i.e., Avangrid's Capital Stock and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Avangrid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avangrid 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, which includes a position in Avangrid. 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.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Selling General Administrative is relatively stable compared to the past year. As of 04/30/2024, Enterprise Value is likely to grow to about 25.9 B, though Tax Provision is likely to grow to (8.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.6B	2.8B	2.9B
Total Revenue	7.0B	7.9B	8.3B	8.7B

Gross Profit Total Revenue

Avangrid 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	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	Current Deferred Revenue
Common Stock Shares Outstanding		0.87	0.79	0.71	0.84	0.87	0.87	0.79	0.86	0.87	0.28	0.87	0.54	0.26	0.88	-0.6	0.86	0.79	0.8	0.85	0.86	0.86	0.84	0.65	-0.6	0.5
Total Assets	0.87		0.92	0.78	0.95	0.99	1.0	0.91	1.0	0.98	0.37	1.0	0.63	0.35	0.98	-0.86	0.99	0.9	0.79	0.99	1.0	0.97	0.95	0.78	-0.86	0.52
Short Long Term Debt Total	0.79	0.92		0.55	0.94	0.87	0.93	0.99	0.89	0.93	0.43	0.91	0.38	0.42	0.9	-0.7	0.92	0.83	0.86	0.87	0.94	0.92	0.93	0.83	-0.7	0.7
Other Current Liab	0.71	0.78	0.55		0.63	0.81	0.76	0.53	0.78	0.75	0.4	0.78	0.49	0.4	0.75	-0.78	0.77	0.6	0.37	0.81	0.75	0.69	0.74	0.31	-0.78	-0.06
Total Current Liabilities	0.84	0.95	0.94	0.63		0.94	0.97	0.96	0.95	0.97	0.18	0.95	0.61	0.15	0.96	-0.78	0.92	0.89	0.89	0.93	0.95	0.96	0.87	0.91	-0.78	0.71
Total Stockholder Equity	0.87	0.99	0.87	0.81	0.94		0.99	0.87	0.99	0.97	0.35	0.99	0.67	0.32	0.97	-0.88	0.98	0.9	0.76	1.0	0.98	0.97	0.93	0.75	-0.88	0.48
Property Plant And Equipment Net	0.87	1.0	0.93	0.76	0.97	0.99		0.92	0.99	0.99	0.36	1.0	0.61	0.33	0.98	-0.86	0.99	0.9	0.8	0.99	0.99	0.97	0.94	0.8	-0.85	0.55
Net Debt	0.79	0.91	0.99	0.53	0.96	0.87	0.92		0.9	0.94	0.32	0.91	0.43	0.31	0.91	-0.7	0.91	0.84	0.89	0.86	0.93	0.92	0.89	0.88	-0.69	0.75
Retained Earnings	0.86	1.0	0.89	0.78	0.95	0.99	0.99	0.9		0.97	0.33	1.0	0.66	0.3	0.97	-0.88	0.99	0.89	0.77	0.99	0.99	0.96	0.92	0.78	-0.88	0.5
Accounts Payable	0.87	0.98	0.93	0.75	0.97	0.97	0.99	0.94	0.97		0.33	0.98	0.57	0.3	0.99	-0.81	0.96	0.91	0.82	0.97	0.98	0.98	0.93	0.8	-0.81	0.58
Cash	0.28	0.37	0.43	0.4	0.18	0.35	0.36	0.32	0.33	0.33		0.35	-0.25	0.99	0.26	-0.31	0.44	0.18	0.11	0.35	0.39	0.32	0.59	-0.07	-0.31	-0.08
Non Current Assets Total	0.87	1.0	0.91	0.78	0.95	0.99	1.0	0.91	1.0	0.98	0.35		0.64	0.33	0.98	-0.87	0.99	0.9	0.78	0.99	0.99	0.97	0.94	0.78	-0.87	0.52
Non Currrent Assets Other	0.54	0.63	0.38	0.49	0.61	0.67	0.61	0.43	0.66	0.57	-0.25	0.64		-0.27	0.66	-0.66	0.58	0.71	0.5	0.67	0.59	0.62	0.47	0.53	-0.66	0.35
Cash And Short Term Investments	0.26	0.35	0.42	0.4	0.15	0.32	0.33	0.31	0.3	0.3	0.99	0.33	-0.27		0.24	-0.3	0.43	0.14	0.08	0.32	0.37	0.28	0.57	-0.1	-0.3	-0.12
Net Receivables	0.88	0.98	0.9	0.75	0.96	0.97	0.98	0.91	0.97	0.99	0.26	0.98	0.66	0.24		-0.79	0.96	0.94	0.83	0.97	0.97	0.98	0.93	0.79	-0.79	0.58
Common Stock Total Equity	-0.6	-0.86	-0.7	-0.78	-0.78	-0.88	-0.86	-0.7	-0.88	-0.81	-0.31	-0.87	-0.66	-0.3	-0.79		-0.85	-0.71	-0.49	-0.9	-0.85	-0.79	-0.76	-0.63	1.0	-0.25
Non Current Liabilities Total	0.86	0.99	0.92	0.77	0.92	0.98	0.99	0.91	0.99	0.96	0.44	0.99	0.58	0.43	0.96	-0.85		0.86	0.75	0.97	1.0	0.94	0.96	0.74	-0.85	0.48
Inventory	0.79	0.9	0.83	0.6	0.89	0.9	0.9	0.84	0.89	0.91	0.18	0.9	0.71	0.14	0.94	-0.71	0.86		0.81	0.9	0.88	0.95	0.86	0.73	-0.71	0.64
Other Current Assets	0.8	0.79	0.86	0.37	0.89	0.76	0.8	0.89	0.77	0.82	0.11	0.78	0.5	0.08	0.83	-0.49	0.75	0.81		0.74	0.79	0.86	0.77	0.86	-0.49	0.88
Other Stockholder Equity	0.85	0.99	0.87	0.81	0.93	1.0	0.99	0.86	0.99	0.97	0.35	0.99	0.67	0.32	0.97	-0.9	0.97	0.9	0.74		0.98	0.96	0.93	0.74	-0.89	0.47
Total Liab	0.86	1.0	0.94	0.75	0.95	0.98	0.99	0.93	0.99	0.98	0.39	0.99	0.59	0.37	0.97	-0.85	1.0	0.88	0.79	0.98		0.95	0.95	0.79	-0.85	0.53
Property Plant And Equipment Gross	0.86	0.97	0.92	0.69	0.96	0.97	0.97	0.92	0.96	0.98	0.32	0.97	0.62	0.28	0.98	-0.79	0.94	0.95	0.86	0.96	0.95		0.94	0.8	-0.79	0.65
Total Current Assets	0.84	0.95	0.93	0.74	0.87	0.93	0.94	0.89	0.92	0.93	0.59	0.94	0.47	0.57	0.93	-0.76	0.96	0.86	0.77	0.93	0.95	0.94		0.65	-0.76	0.51
Short Term Debt	0.65	0.78	0.83	0.31	0.91	0.75	0.8	0.88	0.78	0.8	-0.07	0.78	0.53	-0.1	0.79	-0.63	0.74	0.73	0.86	0.74	0.79	0.8	0.65		-0.63	0.83
Common Stock	-0.6	-0.86	-0.7	-0.78	-0.78	-0.88	-0.85	-0.69	-0.88	-0.81	-0.31	-0.87	-0.66	-0.3	-0.79	1.0	-0.85	-0.71	-0.49	-0.89	-0.85	-0.79	-0.76	-0.63		-0.25
Current Deferred Revenue	0.5	0.52	0.7	-0.06	0.71	0.48	0.55	0.75	0.5	0.58	-0.08	0.52	0.35	-0.12	0.58	-0.25	0.48	0.64	0.88	0.47	0.53	0.65	0.51	0.83	-0.25

Click cells to compare fundamentals

Avangrid Account Relationship Matchups

Avangrid fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	309.5M	309.6M	358.6M	387.2M	387.2M	406.5M
Total Assets	34.4B	37.8B	39.5B	41.1B	44.0B	46.2B
Short Long Term Debt Total	8.1B	11.3B	8.6B	9.4B	12.2B	12.8B
Other Current Liab	711M	789M	929M	1.1B	493M	333.7M
Total Current Liabilities	3.6B	3.1B	3.3B	4.4B	5.2B	5.5B
Total Stockholder Equity	15.2B	15.2B	19.1B	19.4B	19.6B	20.6B
Property Plant And Equipment Net	25.3B	26.9B	29.0B	31.2B	33.1B	34.7B
Net Debt	7.9B	9.8B	7.1B	9.3B	12.1B	12.7B
Retained Earnings	1.7B	1.7B	1.7B	1.9B	2.0B	2.1B
Accounts Payable	1.4B	1.5B	1.6B	2.0B	1.9B	2.0B
Cash	36M	178M	1.5B	1.5B	69M	175.5M
Non Current Assets Total	32.4B	34.0B	35.7B	37.9B	40.6B	42.6B
Non Currrent Assets Other	311M	331M	374M	2.5B	2.9B	3.1B
Cash And Short Term Investments	36M	178M	1.8B	1.5B	69M	86.5M
Net Receivables	1.1B	1.2B	1.3B	1.7B	1.6B	1.7B
Liabilities And Stockholders Equity	34.4B	37.8B	39.5B	41.1B	44.0B	46.2B
Non Current Liabilities Total	15.2B	18.9B	16.2B	16.4B	18.1B	19.0B
Inventory	251M	262M	343M	503M	495M	519.8M
Other Current Assets	300M	327M	401M	453M	734M	770.7M
Total Liab	18.8B	22.0B	19.5B	20.8B	23.3B	24.5B
Property Plant And Equipment Gross	25.2B	26.9B	39.6B	42.7B	45.5B	47.8B
Total Current Assets	2.0B	2.0B	3.8B	3.2B	3.4B	3.6B
Accumulated Other Comprehensive Income	(95M)	(111M)	(273M)	(180M)	(25M)	(26.3M)
Short Term Debt	1.3B	636M	549M	1B	2.0B	2.1B
Current Deferred Revenue	140M	141M	204M	271M	806M	846.3M
Intangible Assets	314M	305M	293M	281M	284M	319.3M
Other Liab	8.4B	8.2B	8.1B	7.9B	9.1B	8.8B
Net Tangible Assets	11.8B	15.2B	19.1B	19.4B	22.3B	14.9B
Other Assets	2.8B	3.9B	2.5B	2.7B	2.4B	2.4B
Long Term Debt	6.7B	7.5B	7.9B	8.2B	10.0B	6.9B
Deferred Long Term Liab	2.6B	2.6B	2.3B	2.3B	2.1B	2.1B
Long Term Investments	708M	736M	621M	486M	764M	593.8M
Short Long Term Debt	1.3B	620M	533M	980M	2.0B	2.1B
Property Plant Equipment	25.4B	26.8B	28.9B	31.0B	35.6B	24.2B
Noncontrolling Interest In Consolidated Entity	349M	617M	885M	962M	865.8M	822.5M

Avangrid Investors Sentiment

The influence of Avangrid'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 Avangrid. 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 Avangrid's public news can be used to forecast risks associated with an investment in Avangrid. The trend in average sentiment can be used to explain how an investor holding Avangrid can time the market purely based on public headlines and social activities around Avangrid. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Avangrid'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 Avangrid'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 Avangrid's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Avangrid.

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

Pair Trading with Avangrid

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

Moving together with Avangrid Stock

0.9	D	Dominion Energy Earnings Call This Week	Pair Corr
0.77	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.81	FE	FirstEnergy	Pair Corr

Moving against Avangrid Stock

0.89	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.57	EBR	Centrais Electricas Earnings Call Next Week	Pair Corr
0.45	CMS-PC	CMS Energy	Pair Corr
0.42	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

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

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

When determining whether Avangrid is a strong investment it is important to analyze Avangrid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avangrid's future performance. For an informed investment choice regarding Avangrid Stock, refer to the following important reports:

How To Invest In Avangrid

Details

Is Avangrid Stock a good investment?

Details

What is Avangrid's Net Worth?

Details

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Largest Utilities - Regulated Electric Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. 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.

To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Avangrid Stock analysis

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

	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
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Is Avangrid'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 Avangrid. If investors know Avangrid 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 Avangrid 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

0.44

Dividend Share

1.76

Earnings Share

2.31

Revenue Per Share

21.352

Quarterly Revenue Growth

(0.02)

The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid'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 Avangrid's market value can be influenced by many factors that don't directly affect Avangrid'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 Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid'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.

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Avangrid Capital Stock vs Retained Earnings Analysis

Capital Stock vs Retained Earnings

Capital Stock vs Retained Earnings Correlation Analysis

Correlation Coefficient

Capital Stock

Retained Earnings

Avangrid fundamental ratios Correlations

Avangrid Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avangrid fundamental ratios Accounts

Avangrid Investors Sentiment

Pair Trading with Avangrid

Moving together with Avangrid Stock

Moving against Avangrid Stock

Complementary Tools for Avangrid Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.9	Common Stock Total Equity
Common Stock	- 0.89	Other Stockholder Equity
Common Stock	- 0.88	Retained Earnings
Common Stock Total Equity	- 0.88	Retained Earnings
Common Stock	- 0.88	Total Stockholder Equity
Common Stock Total Equity	- 0.88	Total Stockholder Equity