CNO Sale Purchase Of Stock vs Change In Cash Analysis

CNO Stock  USD 36.78  0.76  2.11%   
CNO Financial financial indicator trend analysis is way more than just evaluating CNO Financial Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNO Financial Group is a good investment. Please check the relationship between CNO Financial Sale Purchase Of Stock and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNO Financial Group. 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.

Sale Purchase Of Stock vs Change In Cash

Sale Purchase Of Stock vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CNO Financial Group Sale Purchase Of Stock account and Change In Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CNO Financial's Sale Purchase Of Stock and Change In Cash is 0.94. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change In Cash in the same time period over historical financial statements of CNO Financial Group, assuming nothing else is changed. The correlation between historical values of CNO Financial's Sale Purchase Of Stock and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of CNO Financial Group are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Sale Purchase Of Stock i.e., CNO Financial's Sale Purchase Of Stock and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Sale Purchase Of Stock

Change In Cash

Most indicators from CNO Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNO Financial Group 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 CNO Financial Group. 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 this time, CNO Financial's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 24th of December 2024, Enterprise Value Multiple is likely to grow to 4.68, while Selling General Administrative is likely to drop about 219 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.1B3.6B3.1B3.4B
Total Revenue4.1B3.6B4.1B3.5B

CNO Financial fundamental ratios Correlations

0.13-0.450.230.020.74-0.030.460.95-0.18-0.36-0.270.390.480.810.96-0.2-0.850.11-0.25-0.630.96-0.340.040.220.21
0.13-0.33-0.490.42-0.35-0.20.2-0.05-0.420.460.280.51-0.38-0.390.020.290.03-0.290.26-0.360.02-0.34-0.010.320.32
-0.45-0.330.49-0.25-0.080.46-0.66-0.350.65-0.34-0.21-0.76-0.44-0.28-0.41-0.610.330.52-0.220.41-0.410.470.36-0.65-0.65
0.23-0.490.49-0.510.60.74-0.340.430.6-0.74-0.57-0.590.150.520.33-0.53-0.380.81-0.53-0.10.330.660.21-0.65-0.65
0.020.42-0.25-0.51-0.07-0.260.29-0.09-0.390.8-0.130.620.08-0.38-0.040.23-0.17-0.35-0.17-0.17-0.04-0.25-0.250.440.44
0.74-0.35-0.080.6-0.070.310.370.880.0-0.4-0.750.170.720.830.84-0.47-0.910.31-0.73-0.550.840.18-0.190.040.03
-0.03-0.20.460.74-0.260.31-0.440.160.71-0.41-0.63-0.49-0.140.180.09-0.21-0.20.84-0.610.140.090.880.1-0.66-0.66
0.460.2-0.66-0.340.290.37-0.440.46-0.80.35-0.190.840.780.340.540.02-0.5-0.7-0.19-0.730.54-0.33-0.790.920.92
0.95-0.05-0.350.43-0.090.880.160.46-0.08-0.45-0.480.30.60.90.99-0.3-0.930.22-0.45-0.650.99-0.1-0.070.140.14
-0.18-0.420.650.6-0.390.00.71-0.8-0.08-0.59-0.18-0.82-0.440.07-0.17-0.240.140.85-0.170.62-0.170.530.59-0.88-0.88
-0.360.46-0.34-0.740.8-0.4-0.410.35-0.45-0.590.080.660.01-0.65-0.370.480.18-0.630.04-0.05-0.37-0.2-0.470.580.58
-0.270.28-0.21-0.57-0.13-0.75-0.63-0.19-0.48-0.180.08-0.09-0.49-0.37-0.450.410.67-0.391.00.3-0.45-0.60.380.070.08
0.390.51-0.76-0.590.620.17-0.490.840.3-0.820.66-0.090.480.050.40.33-0.45-0.68-0.11-0.590.4-0.46-0.590.860.86
0.48-0.38-0.440.150.080.72-0.140.780.6-0.440.01-0.490.480.640.61-0.19-0.66-0.3-0.48-0.570.610.01-0.690.570.57
0.81-0.39-0.280.52-0.380.830.180.340.90.07-0.65-0.370.050.640.86-0.26-0.750.28-0.33-0.410.870.01-0.040.010.01
0.960.02-0.410.33-0.040.840.090.540.99-0.17-0.37-0.450.40.610.86-0.26-0.930.13-0.42-0.71.0-0.16-0.130.240.24
-0.20.29-0.61-0.530.23-0.47-0.210.02-0.3-0.240.480.410.33-0.19-0.26-0.260.24-0.250.410.21-0.26-0.15-0.030.150.15
-0.850.030.33-0.38-0.17-0.91-0.2-0.5-0.930.140.180.67-0.45-0.66-0.75-0.930.24-0.190.660.67-0.930.010.21-0.2-0.2
0.11-0.290.520.81-0.350.310.84-0.70.220.85-0.63-0.39-0.68-0.30.280.13-0.25-0.19-0.370.260.130.60.57-0.9-0.9
-0.250.26-0.22-0.53-0.17-0.73-0.61-0.19-0.45-0.170.041.0-0.11-0.48-0.33-0.420.410.66-0.370.29-0.42-0.580.380.060.06
-0.63-0.360.41-0.1-0.17-0.550.14-0.73-0.650.62-0.050.3-0.59-0.57-0.41-0.70.210.670.260.29-0.70.150.47-0.53-0.53
0.960.02-0.410.33-0.040.840.090.540.99-0.17-0.37-0.450.40.610.871.0-0.26-0.930.13-0.42-0.7-0.16-0.130.240.24
-0.34-0.340.470.66-0.250.180.88-0.33-0.10.53-0.2-0.6-0.460.010.01-0.16-0.150.010.6-0.580.15-0.16-0.21-0.5-0.5
0.04-0.010.360.21-0.25-0.190.1-0.79-0.070.59-0.470.38-0.59-0.69-0.04-0.13-0.030.210.570.380.47-0.13-0.21-0.74-0.74
0.220.32-0.65-0.650.440.04-0.660.920.14-0.880.580.070.860.570.010.240.15-0.2-0.90.06-0.530.24-0.5-0.741.0
0.210.32-0.65-0.650.440.03-0.660.920.14-0.880.580.080.860.570.010.240.15-0.2-0.90.06-0.530.24-0.5-0.741.0
Click cells to compare fundamentals

CNO Financial Account Relationship Matchups

CNO Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.6B35.3B36.2B33.3B31.3B28.2B
Total Stockholder Equity4.7B5.5B5.3B1.4B2.2B4.2B
Other Liab22.7B25.1B26.2B26.0B29.9B31.4B
Retained Earnings535.7M752.3M1.1B1.5B1.9B2.0B
Accounts Payable522.3M561.8M501.8M456.5M410.9M585.6M
Cash74.7M54.1M99.6M575.7M774.5M475.4M
Non Currrent Assets Other(2.5B)(2.2B)(2.2B)(21.8B)25.6B26.9B
Other Assets(15.7B)(17.8B)(19.5B)(14.3B)(4.4B)(4.2B)
Long Term Debt2.6B2.8B4.0B3.9B4.2B3.2B
Common Stock Shares Outstanding157.1M143.2M131.1M117.7M115.1M190.1M
Short Term Investments21.3B23.4B24.8B20.4B193.3M183.6M
Liabilities And Stockholders Equity33.6B35.3B36.2B33.3B35.1B28.4B
Other Stockholder Equity2.8B2.5B2.2B2.0B1.9B2.7B
Total Liab3.8B3.9B4.0B31.9B32.9B22.7B
Intangible Assets1.5B1.3B1.3B2.1B2.1B1.3B
Common Stock1.5M1.3M1.2M1.1M990K940.5K
Short Long Term Debt Total23.9B3.9B5.1B5.0B4.2B7.6B
Net Debt3.7B3.9B3.9B3.3B3.4B2.7B
Non Current Assets Total22.8B25.0B26.4B21.8B29.9B31.4B
Cash And Short Term Investments21.4B23.4B24.9B20.9B774.5M735.8M
Net Receivables5.2B4.8B4.5B5.4B5.0B3.7B
Common Stock Total Equity1.5M1.3M1.2M1.1M990K940.5K
Non Current Liabilities Total3.8B3.9B4.0B1.2B33.0B34.7B
Total Current Assets26.6B28.2B29.4B25.8B1.3B1.3B
Accumulated Other Comprehensive Income1.4B2.2B1.9B(2.1B)(1.6B)(1.5B)
Other Current Liab140.9M(10.4M)8.4M154.9M(13M)(12.4M)
Total Current Liabilities140.9M10.4M8.4M154.9M13M12.4M
Other Current Assets1.1B1.6B1.0B991.3M1.3B1.4B
Short Term Debt21.3B1.1B1.1B1.1B1.0B973.7M
Net Tangible Assets4.7B5.5B5.3B1.4B1.3B1.2B
Retained Earnings Total Equity535.7M752.3M1.1B1.5B1.7B1.8B
Long Term Debt Total2.6B2.8B4.0B3.9B4.5B3.0B
Capital Surpluse2.8B2.5B2.2B2.0B1.8B2.6B
Inventory(1.1B)(1.6B)(1.0B)(1.5B)(26.6B)(25.3B)
Long Term Investments25.8B27.8B26.4B21.8B22.6B20.5B
Non Current Liabilities Other26.3B27.1B28.1B29.2B33.5B28.8B
Property Plant And Equipment Net66.5M54.7M48.2M46.6M85.3M89.6M

Pair Trading with CNO Financial

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

Moving together with CNO Stock

  0.86FG FG Annuities LifePairCorr

Moving against CNO Stock

  0.74MET-PF MetLife Preferred StockPairCorr
  0.7ABL Abacus LifePairCorr
  0.66PUK Prudential PLC ADRPairCorr
  0.64MET-PE MetLife Preferred StockPairCorr
The ability to find closely correlated positions to CNO Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNO Financial 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 CNO Financial - 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 CNO Financial Group to buy it.
The correlation of CNO Financial 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 CNO Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNO Financial Group 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 CNO Financial 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
When determining whether CNO Financial Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CNO Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cno Financial Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cno Financial Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNO Financial Group. 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.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Life & Health Insurance space 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 CNO Financial. If investors know CNO 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 CNO Financial 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
(0.94)
Dividend Share
0.62
Earnings Share
2.5
Revenue Per Share
41.744
Quarterly Revenue Growth
0.192
The market value of CNO Financial Group is measured differently than its book value, which is the value of CNO that is recorded on the company's balance sheet. Investors also form their own opinion of CNO Financial's value that differs from its market value or its book value, called intrinsic value, which is CNO Financial'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 CNO Financial's market value can be influenced by many factors that don't directly affect CNO Financial'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 CNO Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNO Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNO Financial'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.