Aris Cash vs Common Stock Shares Outstanding Analysis
ARIS Stock | USD 27.03 0.04 0.15% |
Aris Water financial indicator trend analysis is way more than just evaluating Aris Water Solutions prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Water Solutions is a good investment. Please check the relationship between Aris Water Cash and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Water Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Water Solutions Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aris Water's Cash and Common Stock Shares Outstanding is 0.28. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Aris Water Solutions, assuming nothing else is changed. The correlation between historical values of Aris Water's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Aris Water Solutions are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Aris Water's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Aris Water Solutions, which is listed under current asset account on Aris Water Solutions balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aris Water customers. The amounts must be unrestricted with restricted cash listed in a different Aris Water account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Aris Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris Water Solutions 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 Aris Water Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Aris Water's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 4.09 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 25.5M | 29.2M | 32.9M | 34.5M | Depreciation And Amortization | 60.8M | 67.5M | 76.6M | 80.5M |
Aris Water fundamental ratios Correlations
Click cells to compare fundamentals
Aris Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Aris Stock Analysis
When running Aris Water's price analysis, check to measure Aris 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 Aris Water is operating at the current time. Most of Aris Water's value examination focuses on studying past and present price action to predict the probability of Aris 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 Aris Water's price. Additionally, you may evaluate how the addition of Aris Water to your portfolios can decrease your overall portfolio volatility.