AmeriServ Non Recurring vs Net Income Analysis
| ASRV Stock | USD 2.33 0.10 4.12% |
AmeriServ Financial financial indicator trend analysis is way more than just evaluating AmeriServ Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AmeriServ Financial is a good investment. Please check the relationship between AmeriServ Financial Non Recurring and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AmeriServ Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy AmeriServ Stock please use our How to Invest in AmeriServ Financial guide.
Non Recurring vs Net Income
Non Recurring vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AmeriServ Financial Non Recurring account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AmeriServ Financial's Non Recurring and Net Income is 0.83. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Net Income in the same time period over historical financial statements of AmeriServ Financial, assuming nothing else is changed. The correlation between historical values of AmeriServ Financial's Non Recurring and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of AmeriServ Financial are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Non Recurring i.e., AmeriServ Financial's Non Recurring and Net Income go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Non Recurring
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in AmeriServ Financial financial statement analysis. It represents the amount of money remaining after all of AmeriServ Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from AmeriServ Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AmeriServ Financial 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 AmeriServ Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy AmeriServ Stock please use our How to Invest in AmeriServ Financial guide.At this time, AmeriServ Financial's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 79.52 in 2024, despite the fact that Tax Provision is likely to grow to (989.9 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 48.1M | 3.2M | 81.6M | 85.7M | Interest Expense | 7.6M | 8.5M | 24.8M | 23.6M |
AmeriServ Financial fundamental ratios Correlations
Click cells to compare fundamentals
AmeriServ Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AmeriServ Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 17.4M | 17.1M | 17.1M | 17.1M | 17.1M | 17.2M | |
| Total Assets | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.0B | |
| Short Long Term Debt Total | 100.6M | 89.7M | 42.7M | 158.1M | 115.6M | 153.3M | |
| Total Current Liabilities | 22.4M | 89.7M | 42.7M | 92.0M | 1.0B | 1.1B | |
| Total Stockholder Equity | 98.6M | 104.4M | 116.5M | 104.0M | 102.3M | 113.5M | |
| Property Plant And Equipment Net | 18.6M | 18.1M | 17.4M | 17.5M | 17.2M | 11.3M | |
| Net Debt | 78.4M | 58.2M | 1.6M | 135.2M | 101.5M | 123.8M | |
| Retained Earnings | 51.8M | 54.6M | 60.0M | 65.5M | 58.9M | 41.4M | |
| Cash | 22.2M | 31.5M | 41.1M | 23.0M | 14.0M | 13.3M | |
| Non Current Assets Total | 212.2M | 218.4M | 248.1M | 34.0M | 1.4B | 908.1M | |
| Non Currrent Assets Other | (4.0M) | (1.6M) | (248.1M) | (241.4M) | 1.3B | 1.4B | |
| Other Assets | 791.6M | 880.6M | 879.2M | 1.3B | 1.5B | 1.6B | |
| Cash And Short Term Investments | 163.9M | 175.7M | 204.3M | 18.8M | (112.2M) | (106.6M) | |
| Liabilities And Stockholders Equity | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.0B | |
| Non Current Liabilities Total | 78.2M | 89.4M | 73.8M | 1.2B | 262.0M | 248.9M | |
| Other Stockholder Equity | 62.8M | 62.7M | 62.8M | 60.8M | 63.1M | 53.4M | |
| Total Liab | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 927.5M | |
| Property Plant And Equipment Gross | 18.6M | 18.1M | 43.6M | 44.0M | 44.3M | 46.5M | |
| Total Current Assets | 167.4M | 180.7M | 208.3M | 23.6M | 20.4M | 19.4M | |
| Short Term Debt | 22.4M | 89.7M | 42.7M | 108.4M | 49.3M | 72.0M | |
| Net Receivables | 3.4M | 5.1M | 4.0M | 4.8M | 5.5M | 5.5M | |
| Other Current Liab | (22.4M) | (89.7M) | (42.7M) | (16.4M) | 976.1M | 788.6M | |
| Inventory | (26.5M) | (36.6M) | (46.1M) | (28.7M) | 106.7M | 112.0M | |
| Other Current Assets | 26.5M | 36.6M | 46.1M | 28.7M | 20.4M | 19.4M | |
| Accumulated Other Comprehensive Income | (16.2M) | (13.2M) | (6.5M) | (22.5M) | (20.0M) | (19.0M) | |
| Other Liab | 11.5M | 23.2M | 10.4M | 3.8M | 3.4M | 3.2M | |
| Accounts Payable | 960.5M | 1.1B | 1.1B | 1.1B | 1.3B | 916.3M | |
| Long Term Debt | 20.5M | 20.5M | 69.3M | 26.6M | 71.2M | 63.2M | |
| Short Term Investments | 141.7M | 144.2M | 163.2M | 179.5M | 165.7M | 105.9M | |
| Treasury Stock | (78.2M) | (80.6M) | (83.1M) | (83.3M) | (75.0M) | (78.7M) | |
| Property Plant Equipment | 14.6M | 14.3M | 17.4M | 14.5M | 16.6M | 13.1M | |
| Retained Earnings Total Equity | 46.7M | 51.8M | 54.6M | 65.5M | 75.3M | 38.7M | |
| Net Tangible Assets | 86.7M | 92.5M | 102.8M | 92.6M | 106.5M | 96.2M | |
| Capital Surpluse | 145.8M | 145.9M | 146.0M | 146.2M | 168.2M | 160.2M | |
| Long Term Investments | 1.1B | 1.2B | 216.9M | 1.2B | 229.7M | 218.2M | |
| Non Current Liabilities Other | 5.4M | 15.5M | 10.2M | 14.1M | 16.2M | 11.6M |
Pair Trading with AmeriServ Financial
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 AmeriServ Financial 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 AmeriServ Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AmeriServ Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmeriServ Financial 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 AmeriServ Financial - 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 AmeriServ Financial to buy it.
The correlation of AmeriServ Financial 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 AmeriServ Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmeriServ Financial 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 AmeriServ Financial 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.Additional Tools for AmeriServ Stock Analysis
When running AmeriServ Financial's price analysis, check to measure AmeriServ Financial'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 AmeriServ Financial is operating at the current time. Most of AmeriServ Financial's value examination focuses on studying past and present price action to predict the probability of AmeriServ Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AmeriServ Financial's price. Additionally, you may evaluate how the addition of AmeriServ Financial to your portfolios can decrease your overall portfolio volatility.