American Non Operating Income Net Other vs Other Operating Expenses Analysis

AWK Stock  USD 120.78  0.77  0.63%   
American Water financial indicator trend analysis is way more than just evaluating American Water Works prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Water Works is a good investment. Please check the relationship between American Water Non Operating Income Net Other and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Water Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

Non Operating Income Net Other vs Other Operating Expenses

Non Operating Income Net Other vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Water Works Non Operating Income Net Other account and Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between American Water's Non Operating Income Net Other and Other Operating Expenses is 0.4. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of American Water Works, assuming nothing else is changed. The correlation between historical values of American Water's Non Operating Income Net Other 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 Non Operating Income Net Other of American Water Works 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 Non Operating Income Net Other i.e., American Water's Non Operating Income Net Other and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Non Operating Income Net Other

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of American Water Works. It is also known as American Water 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 American Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Water Works 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 Water Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
At this time, American Water's Issuance Of Capital Stock is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 16.72 this year, although the value of Tax Provision will most likely fall to about 227.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.2B2.2B2.5B1.3B
Total Revenue3.9B3.8B4.2B2.2B

American Water fundamental ratios Correlations

0.99-0.290.680.981.00.990.640.611.0-0.170.610.940.561.00.88-0.20.851.00.970.860.47-0.440.380.68-0.67
0.99-0.380.710.960.991.00.680.640.99-0.210.640.910.520.990.87-0.270.790.990.960.90.51-0.490.350.74-0.62
-0.29-0.38-0.28-0.25-0.32-0.39-0.59-0.09-0.290.49-0.09-0.290.14-0.3-0.470.40.07-0.31-0.42-0.29-0.230.42-0.1-0.88-0.16
0.680.71-0.280.540.670.710.30.420.67-0.320.420.630.670.680.4-0.120.50.730.560.70.91-0.490.260.58-0.58
0.980.96-0.250.540.980.960.650.60.98-0.140.60.950.50.970.93-0.160.870.960.970.790.33-0.370.40.61-0.64
1.00.99-0.320.670.980.990.670.611.0-0.20.610.950.530.990.9-0.220.830.990.970.850.46-0.460.360.69-0.65
0.991.0-0.390.710.960.990.680.610.99-0.210.610.920.530.990.87-0.260.791.00.970.890.5-0.480.360.75-0.63
0.640.68-0.590.30.650.670.680.580.63-0.520.580.56-0.20.630.79-0.60.190.620.770.670.11-0.76-0.120.80.13
0.610.64-0.090.420.60.610.610.580.59-0.171.00.510.090.60.55-0.410.390.610.570.790.38-0.47-0.030.38-0.17
1.00.99-0.290.670.981.00.990.630.59-0.170.590.950.571.00.88-0.190.860.990.970.850.47-0.420.390.67-0.68
-0.17-0.210.49-0.32-0.14-0.2-0.21-0.52-0.17-0.17-0.17-0.20.28-0.14-0.330.460.16-0.18-0.24-0.08-0.410.780.33-0.51-0.3
0.610.64-0.090.420.60.610.610.581.00.59-0.170.510.090.60.55-0.410.390.610.570.790.38-0.47-0.030.38-0.17
0.940.91-0.290.630.950.950.920.560.510.95-0.20.510.570.920.90.030.860.920.920.710.48-0.30.370.62-0.69
0.560.520.140.670.50.530.53-0.20.090.570.280.090.570.580.250.360.770.580.40.390.520.20.720.1-0.93
1.00.99-0.30.680.970.990.990.630.61.0-0.140.60.920.580.86-0.220.841.00.960.870.47-0.420.40.68-0.68
0.880.87-0.470.40.930.90.870.790.550.88-0.330.550.90.250.86-0.20.690.840.950.670.22-0.430.290.73-0.39
-0.2-0.270.4-0.12-0.16-0.22-0.26-0.6-0.41-0.190.46-0.410.030.36-0.22-0.20.19-0.22-0.26-0.370.00.710.29-0.49-0.37
0.850.790.070.50.870.830.790.190.390.860.160.390.860.770.840.690.190.830.750.590.350.020.590.27-0.91
1.00.99-0.310.730.960.991.00.620.610.99-0.180.610.920.581.00.84-0.220.830.950.880.53-0.460.370.69-0.68
0.970.96-0.420.560.970.970.970.770.570.97-0.240.570.920.40.960.95-0.260.750.950.810.33-0.480.340.75-0.52
0.860.9-0.290.70.790.850.890.670.790.85-0.080.790.710.390.870.67-0.370.590.880.810.51-0.540.210.66-0.45
0.470.51-0.230.910.330.460.50.110.380.47-0.410.380.480.520.470.220.00.350.530.330.51-0.420.070.44-0.47
-0.44-0.490.42-0.49-0.37-0.46-0.48-0.76-0.47-0.420.78-0.47-0.30.2-0.42-0.430.710.02-0.46-0.48-0.54-0.420.33-0.65-0.2
0.380.35-0.10.260.40.360.36-0.12-0.030.390.33-0.030.370.720.40.290.290.590.370.340.210.070.330.12-0.66
0.680.74-0.880.580.610.690.750.80.380.67-0.510.380.620.10.680.73-0.490.270.690.750.660.44-0.650.12-0.12
-0.67-0.62-0.16-0.58-0.64-0.65-0.630.13-0.17-0.68-0.3-0.17-0.69-0.93-0.68-0.39-0.37-0.91-0.68-0.52-0.45-0.47-0.2-0.66-0.12
Click cells to compare fundamentals

American Water Account Relationship Matchups

American Water fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.7B24.8B26.1B27.8B30.3B31.8B
Short Long Term Debt Total9.5B11.0B11.1B12.5B12.4B13.1B
Other Current Liab302M352M300M(1.3B)252M250.2M
Total Current Liabilities2.0B2.9B2.1B2.8B2.2B1.2B
Total Stockholder Equity6.1B6.5B7.3B7.7B9.8B10.3B
Property Plant And Equipment Net18.3B19.8B21.2B23.3B25.5B26.8B
Net Debt9.5B10.5B10.9B12.4B12.1B12.7B
Retained Earnings(207M)102M925M1.3B1.7B1.7B
Cash60M547M116M85M330M346.5M
Non Current Assets Total21.4B22.9B24.5B26.5B28.9B30.4B
Non Currrent Assets Other1.5B1.5B2.2B(495M)416M782.4M
Cash And Short Term Investments60M547M116M85M330M346.5M
Net Receivables466M527M519M723M727M763.4M
Liabilities And Stockholders Equity22.7B24.8B26.1B27.8B30.3B31.8B
Non Current Liabilities Total14.5B15.4B16.6B17.3B18.4B19.3B
Inventory44M47M57M98M112M117.6M
Other Current Assets118M127M159M312M186M177.5M
Other Stockholder Equity6.4B6.4B6.4B6.4B8.2B8.6B
Total Liab16.6B18.3B18.8B20.1B20.5B21.5B
Property Plant And Equipment Gross18.3B19.8B27.5B29.8B32.3B33.9B
Total Current Assets1.3B1.9B1.6B1.3B1.4B1.5B
Accumulated Other Comprehensive Income(36M)(49M)(45M)(23M)(26M)(27.3M)
Short Term Debt814M1.6B641M1.5B654M552.7M
Accounts Payable203M189M235M254M294M151.4M
Current Deferred Revenue726M729M965M2.4B951M998.6M
Other Liab5.8B6.0B6.2B6.3B7.2B3.6B
Other Assets1.5B1.5B2.2B1.4B1.6B1.3B
Long Term Debt8.6B9.3B10.3B10.9B11.7B6.9B
Short Term Investments8M11M17M67M62M65.1M
Property Plant Equipment18.2B19.7B21.2B6.5B7.5B14.0B
Treasury Stock(297M)(338M)(348M)(365M)(419.8M)(440.7M)
Good Will1.5B1.5B1.1B1.1B1.3B1.4B
Net Tangible Assets6.1B6.5B10.1B10.5B12.1B6.4B
Retained Earnings Total Equity(207M)102M925M1.3B1.5B1.5B

Pair Trading with American Water

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

Moving together with American Stock

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Moving against American Stock

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The ability to find closely correlated positions to American Water 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 Water 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 Water - 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 Water Works to buy it.
The correlation of American Water 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 Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Water Works 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 Water 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 CorrelationCorrelation Matching
When determining whether American Water Works is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if American Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about American Water Works Stock. Highlighted below are key reports to facilitate an investment decision about American Water Works Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Water Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running American Water's price analysis, check to measure American Water'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 Water is operating at the current time. Most of American Water's value examination focuses on studying past and present price action to predict the probability of American Water'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 Water's price. Additionally, you may evaluate how the addition of American Water to your portfolios can decrease your overall portfolio volatility.
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Is American Water'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 Water. 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 Water 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
0.086
Dividend Share
2.778
Earnings Share
4.9
Revenue Per Share
21.938
Quarterly Revenue Growth
0.108
The market value of American Water Works 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 Water's value that differs from its market value or its book value, called intrinsic value, which is American Water'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 Water's market value can be influenced by many factors that don't directly affect American Water'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 Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Water'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.