Avangrid Total Liab vs Net Working Capital Analysis

AGR Stock  USD 35.59  0.03  0.08%   
Avangrid financial indicator trend analysis is way more than just evaluating Avangrid prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avangrid is a good investment. Please check the relationship between Avangrid Total Liab and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.

Total Liab vs Net Working Capital

Total Liab vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avangrid Total Liab account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Avangrid's Total Liab and Net Working Capital is -0.06. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Avangrid, assuming nothing else is changed. The correlation between historical values of Avangrid's Total Liab and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Avangrid are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Liab i.e., Avangrid's Total Liab and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Working Capital

Most indicators from Avangrid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avangrid 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 Avangrid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Selling General Administrative is relatively stable compared to the past year. As of 12/14/2024, Enterprise Value is likely to grow to about 25.9 B, though Tax Provision is likely to grow to (8.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.6B2.8B2.9B
Total Revenue7.0B7.9B8.3B8.7B

Avangrid fundamental ratios Correlations

0.870.810.870.840.870.870.790.860.870.280.870.540.260.88-0.60.860.790.740.850.860.860.840.65-0.60.5
0.870.940.960.950.991.00.911.00.980.371.00.630.350.98-0.860.990.90.770.991.00.970.950.78-0.860.52
0.810.940.910.950.90.950.990.920.950.410.930.430.40.92-0.730.940.830.880.890.950.930.930.84-0.730.68
0.870.960.910.970.960.960.90.960.950.210.960.70.170.96-0.810.930.90.840.950.950.960.890.84-0.810.65
0.840.950.950.970.940.970.960.950.970.180.950.610.150.96-0.780.920.890.880.930.950.960.870.91-0.780.71
0.870.990.90.960.940.990.870.990.970.350.990.670.320.97-0.880.980.90.741.00.980.970.930.75-0.880.48
0.871.00.950.960.970.990.920.990.990.361.00.610.330.98-0.860.990.90.790.990.990.970.940.8-0.850.55
0.790.910.990.90.960.870.920.90.940.320.910.430.310.91-0.70.910.840.910.860.930.920.890.88-0.690.75
0.861.00.920.960.950.990.990.90.970.331.00.660.30.97-0.880.990.890.740.990.990.960.920.78-0.880.5
0.870.980.950.950.970.970.990.940.970.330.980.570.30.99-0.810.960.910.830.970.980.980.930.8-0.810.58
0.280.370.410.210.180.350.360.320.330.330.35-0.250.990.26-0.310.440.180.190.350.390.320.59-0.07-0.31-0.08
0.871.00.930.960.950.991.00.911.00.980.350.640.330.98-0.870.990.90.760.990.990.970.940.78-0.870.52
0.540.630.430.70.610.670.610.430.660.57-0.250.64-0.270.66-0.660.580.710.410.670.590.620.470.53-0.660.35
0.260.350.40.170.150.320.330.310.30.30.990.33-0.270.24-0.30.430.140.160.320.370.280.57-0.1-0.3-0.12
0.880.980.920.960.960.970.980.910.970.990.260.980.660.24-0.790.960.940.830.970.970.980.930.79-0.790.58
-0.6-0.86-0.73-0.81-0.78-0.88-0.86-0.7-0.88-0.81-0.31-0.87-0.66-0.3-0.79-0.85-0.71-0.48-0.9-0.85-0.79-0.76-0.631.0-0.25
0.860.990.940.930.920.980.990.910.990.960.440.990.580.430.96-0.850.860.730.971.00.940.960.74-0.850.48
0.790.90.830.90.890.90.90.840.890.910.180.90.710.140.94-0.710.860.820.90.880.950.860.73-0.710.64
0.740.770.880.840.880.740.790.910.740.830.190.760.410.160.83-0.480.730.820.720.770.870.790.82-0.480.89
0.850.990.890.950.931.00.990.860.990.970.350.990.670.320.97-0.90.970.90.720.980.960.930.74-0.890.47
0.861.00.950.950.950.980.990.930.990.980.390.990.590.370.97-0.851.00.880.770.980.950.950.79-0.850.53
0.860.970.930.960.960.970.970.920.960.980.320.970.620.280.98-0.790.940.950.870.960.950.940.8-0.790.65
0.840.950.930.890.870.930.940.890.920.930.590.940.470.570.93-0.760.960.860.790.930.950.940.65-0.760.51
0.650.780.840.840.910.750.80.880.780.8-0.070.780.53-0.10.79-0.630.740.730.820.740.790.80.65-0.630.83
-0.6-0.86-0.73-0.81-0.78-0.88-0.85-0.69-0.88-0.81-0.31-0.87-0.66-0.3-0.791.0-0.85-0.71-0.48-0.89-0.85-0.79-0.76-0.63-0.25
0.50.520.680.650.710.480.550.750.50.58-0.080.520.35-0.120.58-0.250.480.640.890.470.530.650.510.83-0.25
Click cells to compare fundamentals

Avangrid Account Relationship Matchups

Avangrid fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding309.5M309.6M358.6M387.2M387.2M406.5M
Total Assets34.4B37.8B39.5B41.1B44.0B46.2B
Short Long Term Debt Total8.1B11.3B8.6B9.4B12.2B12.8B
Other Current Liab711M708M870M1.0B1.2B1.3B
Total Current Liabilities3.6B3.1B3.3B4.4B5.2B5.5B
Total Stockholder Equity15.2B15.2B19.1B19.4B19.6B20.6B
Property Plant And Equipment Net25.3B26.9B29.0B31.2B33.1B34.7B
Net Debt7.9B9.8B7.1B9.3B12.1B12.7B
Retained Earnings1.7B1.7B1.7B1.9B2.0B2.1B
Accounts Payable1.4B1.5B1.6B2.0B1.9B2.0B
Cash36M178M1.5B1.5B69M175.5M
Non Current Assets Total32.4B34.0B35.7B37.9B40.6B42.6B
Non Currrent Assets Other311M331M374M2.5B2.9B3.1B
Cash And Short Term Investments36M178M1.8B1.5B69M86.5M
Net Receivables1.1B1.2B1.3B1.7B1.6B1.7B
Liabilities And Stockholders Equity34.4B37.8B39.5B41.1B44.0B46.2B
Non Current Liabilities Total15.2B18.9B16.2B16.4B18.1B19.0B
Inventory251M262M343M503M495M519.8M
Other Current Assets300M553M680M893M1.2B1.3B
Total Liab18.8B22.0B19.5B20.8B23.3B24.5B
Property Plant And Equipment Gross25.2B26.9B39.6B42.7B45.5B47.8B
Total Current Assets2.0B2.0B3.8B3.2B3.4B3.6B
Accumulated Other Comprehensive Income(95M)(111M)(273M)(180M)(25M)(26.3M)
Short Term Debt1.3B636M549M1B2.0B2.1B
Current Deferred Revenue140M141M204M271M806M846.3M
Intangible Assets314M305M293M281M284M319.3M
Other Liab8.4B8.2B8.1B7.9B9.1B8.8B
Net Tangible Assets11.8B15.2B19.1B19.4B22.3B14.9B
Other Assets2.8B3.9B2.5B2.7B2.4B2.4B
Long Term Debt6.7B7.5B7.9B8.2B10.0B6.9B
Deferred Long Term Liab2.6B2.6B2.3B2.3B2.1B2.1B
Long Term Investments708M736M621M486M764M593.8M
Short Long Term Debt1.3B620M533M980M2.0B2.1B
Property Plant Equipment25.4B26.8B28.9B31.0B35.6B24.2B
Noncontrolling Interest In Consolidated Entity349M617M885M962M865.8M822.5M

Pair Trading with Avangrid

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

Moving against Avangrid Stock

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The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid 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 Avangrid - 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 Avangrid to buy it.
The correlation of Avangrid 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 Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid 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 Avangrid 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

Additional Tools for Avangrid Stock Analysis

When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.