American Net Income vs Income Tax Expense Analysis
AMS Stock | USD 3.31 0.02 0.60% |
American Shared financial indicator trend analysis is way more than just evaluating American Shared Hospital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Shared Hospital is a good investment. Please check the relationship between American Shared Net Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Shared Hospital Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between American Shared's Net Income and Income Tax Expense is 0.6. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of American Shared Hospital, assuming nothing else is changed. The correlation between historical values of American Shared's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of American Shared Hospital are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., American Shared's Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in American Shared Hospital financial statement analysis. It represents the amount of money remaining after all of American Shared Hospital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Tax Expense
Most indicators from American Shared's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Shared Hospital 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 American Shared Hospital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, American Shared's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 739K | 806K | 1.1M | 1.1M | Depreciation And Amortization | 5.0M | 4.8M | 5.2M | 6.6M |
American Shared fundamental ratios Correlations
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American Shared Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Shared fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.8M | 43.7M | 45.4M | 44.0M | 48.8M | 56.0M | |
Short Long Term Debt Total | 16.9M | 14.4M | 16.1M | 14.3M | 15.7M | 24.5M | |
Other Current Liab | (284.3M) | (205.7M) | (136.3M) | 2.8M | 4.6M | 4.8M | |
Total Current Liabilities | 8.2M | 12.4M | 5.9M | 5.2M | 10.8M | 10.8M | |
Total Stockholder Equity | 31.8M | 19.3M | 24.2M | 21.6M | 22.6M | 14.6M | |
Property Plant And Equipment Net | 42.6M | 31.3M | 28.9M | 23.8M | 25.9M | 37.6M | |
Net Debt | 15.2M | 10.4M | 7.9M | 1.9M | 1.9M | 1.8M | |
Retained Earnings | 8.6M | 1.5M | 1.7M | 3.0M | 3.6M | 3.8M | |
Cash | 1.8M | 4.0M | 8.3M | 12.5M | 13.8M | 14.5M | |
Non Current Assets Total | 43.0M | 32.8M | 30.3M | 25.2M | 28.4M | 41.5M | |
Non Currrent Assets Other | (2.5B) | 137K | 73K | (821.9M) | 1.3B | 1.4B | |
Cash And Short Term Investments | 1.8M | 4.0M | 8.3M | 12.5M | 13.8M | 14.5M | |
Net Receivables | 7.1M | 4.6M | 4.8M | 4.1M | 4.8M | 4.1M | |
Common Stock Shares Outstanding | 5.9M | 6.2M | 6.1M | 6.3M | 6.4M | 4.9M | |
Liabilities And Stockholders Equity | 53.8M | 43.7M | 45.4M | 44.0M | 48.8M | 56.0M | |
Non Current Liabilities Total | 13.8M | 7.6M | 15.3M | 17.2M | 11.8M | 18.5M | |
Other Current Assets | 1.9M | 2.0M | 826K | 897K | 1.8M | 1.9M | |
Other Stockholder Equity | 12.5M | 7.0M | 11.8M | 7.8M | 8.2M | 8.6M | |
Total Liab | 22.0M | 20.0M | 21.2M | 22.3M | 22.6M | 29.3M | |
Property Plant And Equipment Gross | 41.5M | 30.4M | 74.6M | 74.6M | 81.3M | 41.9M | |
Total Current Assets | 10.7M | 10.9M | 15.1M | 18.7M | 20.5M | 10.6M | |
Short Term Debt | 6.0M | 7.4M | 1.5M | 2.1M | 4.6M | 7.6M | |
Accounts Payable | 557K | 683K | 746K | 230K | 315K | 299.3K | |
Current Deferred Revenue | 286M | 210M | 140M | 70K | 1.2M | 1.2M | |
Other Assets | 4.7M | 1.0M | 30.3M | 87K | 100.1K | 95.0K | |
Long Term Debt | 2.0M | 3.4M | 14.3M | 12.2M | 11.0M | 12.4M | |
Property Plant Equipment | 41.5M | 19K | 28.9M | 23.8M | 27.4M | 42.5M | |
Net Tangible Assets | 27.1M | 21.7M | 24.2M | 21.6M | 24.9M | 24.4M | |
Noncontrolling Interest In Consolidated Entity | 6.0M | 5.9M | 5.8M | 4.4M | 5.0M | 5.7M | |
Retained Earnings Total Equity | 6.9M | 7.9M | 8.6M | 1.5M | 1.3M | 1.3M | |
Long Term Debt Total | 10.1M | 3.4M | 14.3M | 12.2M | 11.0M | 15.4M | |
Capital Surpluse | 6.7M | 7.0M | 7.4M | 7.8M | 9.0M | 6.8M | |
Capital Lease Obligations | 8.2M | 9.8M | 728K | 351K | 57K | 54.2K |
Pair Trading with American Shared
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 American Shared 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 American Shared will appreciate offsetting losses from the drop in the long position's value.Moving against American Stock
0.89 | SSY | SunLink Health Systems | PairCorr |
0.89 | VMD | Viemed Healthcare | PairCorr |
0.88 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
0.84 | XTNT | Xtant Medical Holdings | PairCorr |
0.83 | CVS | CVS Health Corp Buyout Trend | PairCorr |
The ability to find closely correlated positions to American Shared could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Shared 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 American Shared - 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 American Shared Hospital to buy it.
The correlation of American Shared 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 American Shared moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Shared Hospital 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 American Shared 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running American Shared's price analysis, check to measure American Shared'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 American Shared is operating at the current time. Most of American Shared's value examination focuses on studying past and present price action to predict the probability of American Shared's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Shared's price. Additionally, you may evaluate how the addition of American Shared to your portfolios can decrease your overall portfolio volatility.
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Is American Shared'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 American Shared. If investors know American 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 American Shared 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 (0.38) | Earnings Share 0.09 | Revenue Per Share 3.38 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0296 |
The market value of American Shared Hospital is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Shared's value that differs from its market value or its book value, called intrinsic value, which is American Shared'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 American Shared's market value can be influenced by many factors that don't directly affect American Shared'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 American Shared's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Shared is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Shared'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.