601319 Stock | | | 7.68 0.23 3.09% |
Peoples Insurance financial indicator trend analysis is much more than just breaking down Peoples Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Peoples Insurance is a good investment. Please check the relationship between Peoples Insurance Net Receivables and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Peoples Insurance of. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Peoples Insurance Net Receivables account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Peoples Insurance's Net Receivables and Non Current Liabilities Total is -0.37. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Peoples Insurance of, assuming nothing else is changed. The correlation between historical values of Peoples Insurance's Net Receivables and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Peoples Insurance of are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Receivables i.e., Peoples Insurance's Net Receivables and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Peoples Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Peoples 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Peoples Insurance of. 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.
At present, Peoples Insurance's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 3.7
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 1.7
B.
Balance Sheet is a snapshot of the
financial position of Peoples Insurance at a specified time, usually calculated after every quarter, six months, or one year. Peoples Insurance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Peoples Insurance and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Peoples currently owns. An asset can also be divided into two categories, current and non-current.