LNT Stock | | | USD 63.32 0.12 0.19% |
Alliant Energy financial indicator trend analysis is way more than just evaluating Alliant Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliant Energy Corp is a good investment. Please check the relationship between Alliant Energy Property Plant And Equipment Net and its Inventory accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alliant Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Property Plant And Equipment Net vs Inventory
Property Plant And Equipment Net vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Alliant Energy Corp Property Plant And Equipment Net account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Alliant Energy's Property Plant And Equipment Net and Inventory is 0.76. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of Alliant Energy Corp, assuming nothing else is changed. The correlation between historical values of Alliant Energy's Property Plant And Equipment Net and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Alliant Energy Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Property Plant And Equipment Net i.e., Alliant Energy's Property Plant And Equipment Net and Inventory go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Inventory
Most indicators from Alliant Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliant Energy Corp 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alliant Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Discontinued Operations is likely to gain to about 1.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 538.7
M in 2024.
Alliant Energy fundamental ratios Correlations
Click cells to compare fundamentals
Alliant Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alliant Energy fundamental ratios Accounts
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Additional Tools for Alliant Stock Analysis
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