Duke Cash vs Other Assets Analysis
DUK Stock | USD 100.26 0.95 0.96% |
Duke Energy financial indicator trend analysis is much more than just examining Duke Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Duke Energy is a good investment. Please check the relationship between Duke Energy Cash and its Other Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.
Cash vs Other Assets
Cash vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Duke Energy Cash account and Other Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Duke Energy's Cash and Other Assets is -0.55. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Assets in the same time period over historical financial statements of Duke Energy, assuming nothing else is changed. The correlation between historical values of Duke Energy's Cash and Other Assets 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 Duke Energy are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash i.e., Duke Energy's Cash and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Duke Energy, which is listed under current asset account on Duke Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Duke Energy customers. The amounts must be unrestricted with restricted cash listed in a different Duke Energy 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.Other Assets
Most indicators from Duke Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Duke Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.Tax Provision is expected to rise to about 461.5 M this year, although the value of Selling General Administrative will most likely fall to about 1.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.1B | 13.0B | 8.5B | 8.3B | Total Revenue | 25.1B | 28.8B | 29.1B | 18.8B |
Duke Energy fundamental ratios Correlations
Click cells to compare fundamentals
Duke Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Duke Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 729M | 738M | 769M | 770M | 771M | 431.5M | |
Total Assets | 158.8B | 162.4B | 169.6B | 178.3B | 182.0B | 93.3B | |
Short Long Term Debt Total | 62.7B | 64.1B | 68.2B | 76.0B | 80.6B | 84.7B | |
Other Current Liab | 3.2B | 4.3B | 3.7B | (4.0B) | 5.8B | 6.1B | |
Total Current Liabilities | 14.8B | 16.3B | 15.9B | 18.9B | 17.3B | 10.2B | |
Total Stockholder Equity | 46.8B | 48.0B | 49.3B | 49.4B | 49.1B | 29.2B | |
Property Plant And Equipment Net | 103.8B | 108.3B | 112.7B | 112.8B | 116.4B | 58.5B | |
Current Deferred Revenue | 1.8B | 1.7B | 1.9B | 10.0B | 11.5B | 12.0B | |
Net Debt | 62.4B | 63.8B | 67.9B | 75.6B | 80.3B | 84.3B | |
Retained Earnings | 4.1B | 2.5B | 3.3B | 2.8B | 2.2B | 2.6B | |
Cash | 311M | 259M | 343M | 409M | 329M | 312.6M | |
Non Current Assets Total | 149.7B | 153.7B | 159.6B | 165.0B | 169.2B | 177.7B | |
Non Currrent Assets Other | 3.3B | 3.6B | 3.8B | 13.9B | 17.8B | 18.7B | |
Cash And Short Term Investments | 311M | 259M | 343M | 409M | 329M | 312.6M | |
Net Receivables | 3.1B | 3.2B | 3.6B | 4.4B | 4.1B | 3.2B | |
Liabilities And Stockholders Equity | 158.8B | 162.4B | 169.6B | 178.3B | 182.0B | 93.3B | |
Non Current Liabilities Total | 96.1B | 96.9B | 102.5B | 107.4B | 114.5B | 120.3B | |
Inventory | 3.2B | 3.2B | 3.2B | 3.6B | 4.3B | 4.5B | |
Other Current Assets | 2.6B | 2.1B | 2.8B | 4.6B | 4.0B | 2.7B | |
Total Liab | 110.9B | 113.2B | 118.5B | 126.3B | 131.8B | 138.4B | |
Total Current Assets | 9.2B | 8.7B | 9.9B | 13.2B | 12.8B | 8.9B | |
Short Term Debt | 6.3B | 7.1B | 6.7B | 8.1B | 7.3B | 7.6B | |
Accumulated Other Comprehensive Income | (130M) | (237M) | (303M) | (140M) | (6M) | (6.3M) | |
Other Liab | 39.7B | 39.9B | 41.0B | 39.4B | 45.3B | 47.6B | |
Other Assets | 26.3B | 26.7B | 26.7B | 32.5B | 37.4B | 39.2B | |
Long Term Debt | 55.0B | 55.6B | 60.4B | 67.1B | 72.5B | 36.6B | |
Intangible Assets | 249M | 295M | 236M | 265M | 238.5M | 226.6M | |
Property Plant Equipment | 102.1B | 106.8B | 112.7B | 112.8B | 129.7B | 136.2B | |
Property Plant And Equipment Gross | 103.8B | 108.3B | 163.2B | 164.9B | 172.4B | 181.1B | |
Short Term Investments | 1M | 37M | 6M | 18M | 20.7M | 19.7M | |
Other Stockholder Equity | 40.9B | 43.8B | 44.4B | 44.9B | 44.9B | 37.6B | |
Noncontrolling Interest In Consolidated Entity | 17M | 1.1B | 1.2B | 1.8B | 1.7B | 1.6B | |
Retained Earnings Total Equity | 3.1B | 4.1B | 2.5B | 3.3B | 2.9B | 2.7B |
Duke Energy Investors Sentiment
The influence of Duke Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Duke. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Duke Energy's public news can be used to forecast risks associated with an investment in Duke. The trend in average sentiment can be used to explain how an investor holding Duke can time the market purely based on public headlines and social activities around Duke Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Duke Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Duke Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Duke Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Duke Energy.
Duke Energy Implied Volatility | 16.94 |
Duke Energy's implied volatility exposes the market's sentiment of Duke Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Duke Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Duke Energy stock will not fluctuate a lot when Duke Energy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Duke Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Duke Energy's short interest history, or implied volatility extrapolated from Duke Energy options trading.
Pair Trading with Duke Energy
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 Duke Energy 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 Duke Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Duke Stock
0.83 | D | Dominion Energy | PairCorr |
0.92 | ED | Consolidated Edison | PairCorr |
0.62 | FE | FirstEnergy | PairCorr |
Moving against Duke Stock
0.65 | HE | Hawaiian Electric Earnings Call This Week | PairCorr |
0.46 | CMS-PC | CMS Energy | PairCorr |
The ability to find closely correlated positions to Duke Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duke Energy 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 Duke Energy - 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 Duke Energy to buy it.
The correlation of Duke Energy 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 Duke Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duke Energy 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 Duke Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duke Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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When running Duke Energy's price analysis, check to measure Duke Energy'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 Duke Energy is operating at the current time. Most of Duke Energy's value examination focuses on studying past and present price action to predict the probability of Duke Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Duke Energy's price. Additionally, you may evaluate how the addition of Duke Energy to your portfolios can decrease your overall portfolio volatility.
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Is Duke Energy'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 Duke Energy. If investors know Duke 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 Duke Energy 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 (0.12) | Dividend Share 4.06 | Earnings Share 5.35 | Revenue Per Share 37.097 | Quarterly Revenue Growth (0.02) |
The market value of Duke Energy is measured differently than its book value, which is the value of Duke that is recorded on the company's balance sheet. Investors also form their own opinion of Duke Energy's value that differs from its market value or its book value, called intrinsic value, which is Duke Energy'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 Duke Energy's market value can be influenced by many factors that don't directly affect Duke Energy'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 Duke Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Duke Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duke Energy'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.