Safety Non Currrent Assets Other vs Cash And Short Term Investments Analysis
SAFT Stock | USD 77.35 1.80 2.38% |
Safety Insurance financial indicator trend analysis is much more than just breaking down Safety Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Insurance is a good investment. Please check the relationship between Safety Insurance Non Currrent Assets Other and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Non Currrent Assets Other vs Cash And Short Term Investments
Non Currrent Assets Other vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Non Currrent Assets Other account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Safety Insurance's Non Currrent Assets Other and Cash And Short Term Investments is -0.6. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Safety Insurance Group, assuming nothing else is changed. The correlation between historical values of Safety Insurance's Non Currrent Assets Other and Cash And Short Term Investments 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 Currrent Assets Other of Safety Insurance Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Safety Insurance's Non Currrent Assets Other and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Safety Insurance balance sheet. This account contains Safety Insurance investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Safety Insurance Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Safety Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Safety Insurance's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 83.78 in 2024, whereas Tax Provision is likely to drop slightly above 8.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 864.7M | 785.1M | 920.9M | 728.9M | Interest Expense | 522K | 524K | 818K | 588.6K |
Safety Insurance fundamental ratios Correlations
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Safety Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Safety Insurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.1B | 2.1B | 2.0B | 2.0B | 1.6B | |
Total Stockholder Equity | 808.4M | 884.7M | 927.2M | 812.0M | 804.3M | 615.3M | |
Other Assets | (1.0B) | (1.1B) | (965.4M) | 282.2M | 254.0M | 241.3M | |
Common Stock Shares Outstanding | 15.3M | 15.1M | 14.9M | 14.7M | 14.7M | 14.2M | |
Liabilities And Stockholders Equity | 2.0B | 2.1B | 2.1B | 2.0B | 2.0B | 1.6B | |
Other Stockholder Equity | 118.5M | 85.9M | 80.7M | 77.0M | 76.1M | 90.5M | |
Total Liab | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.0B | |
Other Liab | 344.6M | 24.2M | 46.7M | 30.9M | 27.8M | 26.4M | |
Retained Earnings | 661.6M | 745.0M | 821.7M | 815.3M | 781.2M | 534.8M | |
Accounts Payable | 87.9M | 87.7M | 85.8M | 85.3M | 80.2M | 69.7M | |
Common Stock | 176K | 177K | 178K | 179K | 205.9K | 171.1K | |
Property Plant Equipment | 54.0M | 31M | 27.1M | 41.5M | 47.7M | 50.1M | |
Other Current Liab | (87.9M) | (117.7M) | (115.8M) | (83.6M) | 415.0M | 435.7M | |
Total Current Liabilities | 87.9M | 117.7M | 115.8M | 25.1M | 499.7M | 524.7M | |
Property Plant And Equipment Net | 34.0M | 31M | 27.1M | 23.3M | 31.5M | 17.2M | |
Net Debt | (10.4M) | 7.2M | (6.5M) | 33.0M | 11.6M | 12.2M | |
Cash | 44.4M | 53.8M | 63.6M | 25.3M | 38.2M | 42.6M | |
Non Current Assets Total | 1.4B | 1.5B | 1.5B | 69.4M | 1.6B | 1.7B | |
Non Currrent Assets Other | (1.4B) | (1.5B) | (1.5B) | (1.3B) | (59.6M) | (62.5M) | |
Cash And Short Term Investments | 1.3B | 1.3B | 1.3B | 1.1B | 517.6M | 719.0M | |
Net Receivables | 329.8M | 300.5M | 290.6M | 299.8M | 383.2M | 284.6M | |
Common Stock Total Equity | 175K | 176K | 177K | 178K | 204.7K | 184.6K | |
Short Term Investments | 1.2B | 1.3B | 1.2B | 1.1B | 31.0M | 29.5M | |
Non Current Liabilities Total | 39.7M | 78.6M | 72.4M | 1.1B | 661.1M | 694.1M | |
Other Current Assets | 296.1M | 351.6M | 298.6M | 231.6M | 369.1M | 387.6M | |
Property Plant And Equipment Gross | 9.9M | 15.6M | 54.0M | 53.1M | 61.1M | 64.1M | |
Total Current Assets | 1.6B | 1.6B | 1.6B | 1.6B | 369.1M | 507.2M | |
Accumulated Other Comprehensive Income | 28.2M | 53.5M | 24.6M | (80.5M) | (53.2M) | (50.5M) | |
Intangible Assets | 74.3M | 75.0M | 73.0M | 7.9M | 7.6M | 7.2M | |
Net Tangible Assets | 808.4M | 884.7M | 927.2M | 787.1M | 905.1M | 820.1M | |
Good Will | 1.4B | 1.4B | 1.4B | 17.1M | 19.7M | 18.7M | |
Retained Earnings Total Equity | 616.7M | 661.6M | 745.0M | 821.7M | 945.0M | 615.1M | |
Capital Surpluse | 196.3M | 202.3M | 209.8M | 216.1M | 248.5M | 206.2M | |
Long Term Investments | 1.4B | 1.5B | 1.5B | 1.3B | 1.5B | 1.5B |
Pair Trading with Safety Insurance
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 Safety Insurance 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 Safety Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Safety Stock
0.64 | L | Loews Corp | PairCorr |
The ability to find closely correlated positions to Safety Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safety Insurance 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 Safety Insurance - 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 Safety Insurance Group to buy it.
The correlation of Safety Insurance 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 Safety Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safety Insurance 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 Safety Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Safety Insurance information on this page should be used as a complementary analysis to other Safety Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Safety Stock analysis
When running Safety Insurance's price analysis, check to measure Safety Insurance'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 Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to predict the probability of Safety Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Safety Insurance'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 Safety Insurance. If investors know Safety 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 Safety Insurance 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 (0.50) | Dividend Share 3.6 | Earnings Share 3.48 | Revenue Per Share 67.22 | Quarterly Revenue Growth 0.255 |
The market value of Safety Insurance is measured differently than its book value, which is the value of Safety that is recorded on the company's balance sheet. Investors also form their own opinion of Safety Insurance's value that differs from its market value or its book value, called intrinsic value, which is Safety Insurance'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 Safety Insurance's market value can be influenced by many factors that don't directly affect Safety Insurance'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 Safety Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Safety Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Safety Insurance'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.