Safety Retained Earnings vs Common Stock Total Equity Analysis

SAFT Stock

USD 76.26 0.19 0.25%

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 Retained Earnings and its Common Stock Total Equity 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.

Retained Earnings vs Common Stock Total Equity

Retained Earnings vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Retained Earnings account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Safety Insurance's Retained Earnings and Common Stock Total Equity is 0.71. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity 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 Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Safety Insurance Group are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., Safety Insurance's Retained Earnings and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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

Total Revenue Interest Expense

Safety Insurance fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Liab	Retained Earnings	Accounts Payable	Long Term Debt	Treasury Stock	Common Stock	Property Plant Equipment	Other Current Liab	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total
Total Assets		0.97	-0.48	0.81	-0.8	0.97	-0.4	0.94	0.4	0.44	-0.9	0.87	0.54	-0.12	0.43	-0.55	0.78	0.14	0.27	0.53	-0.41	0.69	0.62	0.69	0.34	0.24
Total Stockholder Equity	0.97		-0.46	0.85	-0.83	0.87	-0.31	0.94	0.27	0.35	-0.83	0.88	0.46	-0.16	0.44	-0.61	0.74	0.07	0.35	0.48	-0.46	0.65	0.42	0.63	0.31	0.19
Other Assets	-0.48	-0.46		-0.04	0.24	-0.46	0.17	-0.53	-0.39	-0.73	0.22	-0.11	-0.72	0.12	-0.71	-0.12	-0.84	-0.63	-0.46	-0.8	0.33	-0.17	-0.37	-0.3	-0.07	-0.23
Common Stock Shares Outstanding	0.81	0.85	-0.04		-0.79	0.72	-0.28	0.7	-0.01	-0.01	-0.85	0.97	0.24	-0.01	0.01	-0.73	0.4	-0.28	0.18	0.23	-0.27	0.61	0.24	0.56	0.21	0.07
Other Stockholder Equity	-0.8	-0.83	0.24	-0.79		-0.71	0.36	-0.85	-0.07	-0.26	0.79	-0.87	-0.43	-0.19	-0.49	0.41	-0.53	-0.18	-0.16	-0.41	0.07	-0.4	-0.36	-0.75	0.03	-0.47
Total Liab	0.97	0.87	-0.46	0.72	-0.71		-0.46	0.86	0.51	0.5	-0.91	0.79	0.58	-0.07	0.39	-0.45	0.76	0.2	0.18	0.53	-0.33	0.69	0.76	0.69	0.35	0.28
Other Liab	-0.4	-0.31	0.17	-0.28	0.36	-0.46		-0.36	0.06	-0.32	0.36	-0.35	-0.28	-0.15	-0.32	0.08	-0.33	-0.18	-0.12	-0.28	-0.05	0.0	-0.36	-0.4	0.19	-0.28
Retained Earnings	0.94	0.94	-0.53	0.7	-0.85	0.86	-0.36		0.37	0.54	-0.75	0.79	0.59	-0.07	0.64	-0.43	0.82	0.33	0.25	0.51	-0.35	0.52	0.54	0.71	0.21	0.44
Accounts Payable	0.4	0.27	-0.39	-0.01	-0.07	0.51	0.06	0.37		0.47	-0.31	0.07	0.34	-0.16	0.36	0.06	0.44	0.35	0.09	0.32	-0.21	0.64	0.71	0.25	0.58	0.19
Long Term Debt	0.44	0.35	-0.73	-0.01	-0.26	0.5	-0.32	0.54	0.47		-0.25	0.13	0.83	0.21	0.7	0.32	0.78	0.79	0.12	0.68	0.03	0.05	0.57	0.49	-0.15	0.61
Treasury Stock	-0.9	-0.83	0.22	-0.85	0.79	-0.91	0.36	-0.75	-0.31	-0.25		-0.87	-0.39	0.04	-0.2	0.59	-0.52	0.02	-0.14	-0.37	0.29	-0.71	-0.56	-0.61	-0.33	-0.19
Common Stock	0.87	0.88	-0.11	0.97	-0.87	0.79	-0.35	0.79	0.07	0.13	-0.87		0.38	0.13	0.13	-0.6	0.52	-0.13	0.15	0.35	-0.14	0.55	0.4	0.73	0.1	0.21
Property Plant Equipment	0.54	0.46	-0.72	0.24	-0.43	0.58	-0.28	0.59	0.34	0.83	-0.39	0.38		0.39	0.53	0.23	0.85	0.71	0.08	0.79	0.15	0.08	0.59	0.69	-0.27	0.67
Other Current Liab	-0.12	-0.16	0.12	-0.01	-0.19	-0.07	-0.15	-0.07	-0.16	0.21	0.04	0.13	0.39		-0.02	0.64	0.06	0.25	-0.15	0.39	0.94	-0.46	0.23	0.59	-0.82	0.46
Short Long Term Debt Total	0.43	0.44	-0.71	0.01	-0.49	0.39	-0.32	0.64	0.36	0.7	-0.2	0.13	0.53	-0.02		0.15	0.65	0.78	0.24	0.52	-0.17	0.08	0.34	0.38	-0.03	0.58
Total Current Liabilities	-0.55	-0.61	-0.12	-0.73	0.41	-0.45	0.08	-0.43	0.06	0.32	0.59	-0.6	0.23	0.64	0.15		-0.06	0.5	-0.08	0.3	0.74	-0.66	0.1	0.07	-0.63	0.27
Property Plant And Equipment Net	0.78	0.74	-0.84	0.4	-0.53	0.76	-0.33	0.82	0.44	0.78	-0.52	0.52	0.85	0.06	0.65	-0.06		0.56	0.31	0.81	-0.22	0.31	0.64	0.69	0.04	0.4
Net Debt	0.14	0.07	-0.63	-0.28	-0.18	0.2	-0.18	0.33	0.35	0.79	0.02	-0.13	0.71	0.25	0.78	0.5	0.56		-0.22	0.5	0.17	-0.21	0.4	0.33	-0.3	0.76
Cash	0.27	0.35	-0.46	0.18	-0.16	0.18	-0.12	0.25	0.09	0.12	-0.14	0.15	0.08	-0.15	0.24	-0.08	0.31	-0.22		0.46	-0.27	0.27	-0.03	0.08	0.18	-0.31
Non Current Assets Total	0.53	0.48	-0.8	0.23	-0.41	0.53	-0.28	0.51	0.32	0.68	-0.37	0.35	0.79	0.39	0.52	0.3	0.81	0.5	0.46		0.14	0.12	0.54	0.66	-0.23	0.25
Non Currrent Assets Other	-0.41	-0.46	0.33	-0.27	0.07	-0.33	-0.05	-0.35	-0.21	0.03	0.29	-0.14	0.15	0.94	-0.17	0.74	-0.22	0.17	-0.27	0.14		-0.6	0.1	0.35	-0.81	0.35
Cash And Short Term Investments	0.69	0.65	-0.17	0.61	-0.4	0.69	0.0	0.52	0.64	0.05	-0.71	0.55	0.08	-0.46	0.08	-0.66	0.31	-0.21	0.27	0.12	-0.6		0.41	0.17	0.84	-0.14
Net Receivables	0.62	0.42	-0.37	0.24	-0.36	0.76	-0.36	0.54	0.71	0.57	-0.56	0.4	0.59	0.23	0.34	0.1	0.64	0.4	-0.03	0.54	0.1	0.41		0.72	0.15	0.36
Common Stock Total Equity	0.69	0.63	-0.3	0.56	-0.75	0.69	-0.4	0.71	0.25	0.49	-0.61	0.73	0.69	0.59	0.38	0.07	0.69	0.33	0.08	0.66	0.35	0.17	0.72		-0.31	0.53
Short Term Investments	0.34	0.31	-0.07	0.21	0.03	0.35	0.19	0.21	0.58	-0.15	-0.33	0.1	-0.27	-0.82	-0.03	-0.63	0.04	-0.3	0.18	-0.23	-0.81	0.84	0.15	-0.31		-0.4
Non Current Liabilities Total	0.24	0.19	-0.23	0.07	-0.47	0.28	-0.28	0.44	0.19	0.61	-0.19	0.21	0.67	0.46	0.58	0.27	0.4	0.76	-0.31	0.25	0.35	-0.14	0.36	0.53	-0.4

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Safety Insurance Account Relationship Matchups

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

0.62

Loews Corp

Pair Corr

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.

Pair Correlation Correlation Matching

Additional 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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