James Good Will vs Retained Earnings Analysis

JRVR Stock

USD 4.71 0.08 1.73%

James River financial indicator trend analysis is infinitely more than just investigating James River Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether James River Group is a good investment. Please check the relationship between James River Good Will and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James River 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 real.

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of James River Group Good Will account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between James River's Good Will and Retained Earnings is 0.74. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of James River Group, assuming nothing else is changed. The correlation between historical values of James River's Good Will and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of James River Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Good Will i.e., James River's Good Will and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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.

Most indicators from James River's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into James River 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James River 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 real.

As of 11/28/2024, Tax Provision is likely to grow to about 29.4 M, while Selling General Administrative is likely to drop slightly above 2.2 M.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	165.1M	195.9M	194.0M	193.2M
Total Revenue	772.9M	813.7M	812.0M	574.0M

Cost Of Revenue Total Revenue

James River fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Short Term Investments	Total Liab	Intangible Assets	Property Plant Equipment	Retained Earnings	Long Term Debt	Common Stock	Common Stock Shares Outstanding	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total
Total Assets		-0.79	0.53	0.9	0.79	0.72	-0.04	0.59	1.0	0.27	-0.21	-0.42	0.55	-0.51	0.43	0.57	0.31	-0.77	0.55	0.83	0.55	0.4	0.88	-0.15	-0.04	0.28
Other Current Liab	-0.79		-0.31	-0.74	-0.84	-0.61	0.18	-0.45	-0.8	-0.11	0.38	0.71	-0.22	0.32	-0.65	-0.31	-0.35	0.74	-0.58	-0.75	-0.56	-0.32	-0.92	0.27	-0.24	-0.31
Total Stockholder Equity	0.53	-0.31		0.45	0.38	0.43	-0.1	0.56	0.45	0.95	0.67	0.06	0.33	-0.96	-0.43	0.24	-0.04	-0.27	0.21	0.17	0.06	0.23	0.18	0.06	-0.18	-0.03
Other Liab	0.9	-0.74	0.45		0.74	0.58	-0.18	0.62	0.9	0.18	-0.29	-0.33	0.63	-0.38	0.37	0.69	0.2	-0.75	0.62	0.85	0.41	0.49	0.81	-0.07	0.07	0.18
Accounts Payable	0.79	-0.84	0.38	0.74		0.84	0.17	0.17	0.79	0.15	-0.25	-0.77	0.36	-0.4	0.56	0.42	0.7	-0.61	0.39	0.81	0.83	-0.03	0.82	-0.62	-0.1	0.66
Cash	0.72	-0.61	0.43	0.58	0.84		0.39	0.05	0.72	0.25	-0.03	-0.62	0.28	-0.54	0.41	0.29	0.74	-0.44	0.14	0.7	0.8	-0.19	0.65	-0.68	-0.49	0.73
Other Assets	-0.04	0.18	-0.1	-0.18	0.17	0.39		-0.64	-0.04	-0.08	0.1	-0.38	-0.06	-0.08	0.16	-0.08	0.71	0.31	-0.19	-0.01	0.57	-0.76	-0.07	-0.71	-0.66	0.75
Short Term Investments	0.59	-0.45	0.56	0.62	0.17	0.05	-0.64		0.56	0.43	0.04	0.28	0.44	-0.44	-0.14	0.44	-0.54	-0.72	0.61	0.27	-0.27	0.93	0.4	0.55	0.21	-0.56
Total Liab	1.0	-0.8	0.45	0.9	0.79	0.72	-0.04	0.56		0.18	-0.3	-0.45	0.54	-0.43	0.51	0.57	0.33	-0.79	0.56	0.86	0.57	0.39	0.91	-0.17	-0.02	0.3
Intangible Assets	0.27	-0.11	0.95	0.18	0.15	0.25	-0.08	0.43	0.18		0.84	0.17	0.12	-0.94	-0.59	0.02	-0.15	-0.03	0.05	-0.1	-0.12	0.12	-0.06	0.13	-0.18	-0.13
Property Plant Equipment	-0.21	0.38	0.67	-0.29	-0.25	-0.03	0.1	0.04	-0.3	0.84		0.41	-0.17	-0.69	-0.81	-0.31	-0.21	0.45	-0.38	-0.48	-0.35	-0.19	-0.53	0.14	-0.28	-0.18
Retained Earnings	-0.42	0.71	0.06	-0.33	-0.77	-0.62	-0.38	0.28	-0.45	0.17	0.41		0.0	0.06	-0.79	-0.09	-0.82	0.24	-0.26	-0.59	-0.85	0.39	-0.69	0.74	-0.02	-0.8
Long Term Debt	0.55	-0.22	0.33	0.63	0.36	0.28	-0.06	0.44	0.54	0.12	-0.17	0.0		-0.25	0.05	0.98	0.1	-0.52	0.64	0.46	0.28	0.35	0.36	-0.04	-0.23	0.1
Common Stock	-0.51	0.32	-0.96	-0.38	-0.4	-0.54	-0.08	-0.44	-0.43	-0.94	-0.69	0.06	-0.25		0.34	-0.17	-0.1	0.21	-0.19	-0.16	-0.16	-0.08	-0.2	0.1	0.34	-0.12
Common Stock Shares Outstanding	0.43	-0.65	-0.43	0.37	0.56	0.41	0.16	-0.14	0.51	-0.59	-0.81	-0.79	0.05	0.34		0.16	0.57	-0.39	0.31	0.68	0.65	-0.07	0.78	-0.44	0.19	0.53
Short Long Term Debt Total	0.57	-0.31	0.24	0.69	0.42	0.29	-0.08	0.44	0.57	0.02	-0.31	-0.09	0.98	-0.17	0.16		0.13	-0.6	0.71	0.52	0.33	0.37	0.44	-0.08	-0.19	0.13
Total Current Liabilities	0.31	-0.35	-0.04	0.2	0.7	0.74	0.71	-0.54	0.33	-0.15	-0.21	-0.82	0.1	-0.1	0.57	0.13		-0.03	-0.01	0.49	0.93	-0.69	0.41	-0.95	-0.42	1.0
Property Plant And Equipment Net	-0.77	0.74	-0.27	-0.75	-0.61	-0.44	0.31	-0.72	-0.79	-0.03	0.45	0.24	-0.52	0.21	-0.39	-0.6	-0.03		-0.74	-0.61	-0.35	-0.67	-0.73	0.03	-0.02	0.01
Net Debt	0.55	-0.58	0.21	0.62	0.39	0.14	-0.19	0.61	0.56	0.05	-0.38	-0.26	0.64	-0.19	0.31	0.71	-0.01	-0.74		0.36	0.24	0.54	0.57	0.01	0.04	-0.03
Non Current Assets Total	0.83	-0.75	0.17	0.85	0.81	0.7	-0.01	0.27	0.86	-0.1	-0.48	-0.59	0.46	-0.16	0.68	0.52	0.49	-0.61	0.36		0.64	0.18	0.88	-0.32	0.06	0.46
Non Currrent Assets Other	0.55	-0.56	0.06	0.41	0.83	0.8	0.57	-0.27	0.57	-0.12	-0.35	-0.85	0.28	-0.16	0.65	0.33	0.93	-0.35	0.24	0.64		-0.43	0.62	-0.86	-0.35	0.92
Cash And Short Term Investments	0.4	-0.32	0.23	0.49	-0.03	-0.19	-0.76	0.93	0.39	0.12	-0.19	0.39	0.35	-0.08	-0.07	0.37	-0.69	-0.67	0.54	0.18	-0.43		0.31	0.69	0.37	-0.71
Net Receivables	0.88	-0.92	0.18	0.81	0.82	0.65	-0.07	0.4	0.91	-0.06	-0.53	-0.69	0.36	-0.2	0.78	0.44	0.41	-0.73	0.57	0.88	0.62	0.31		-0.26	0.18	0.37
Good Will	-0.15	0.27	0.06	-0.07	-0.62	-0.68	-0.71	0.55	-0.17	0.13	0.14	0.74	-0.04	0.1	-0.44	-0.08	-0.95	0.03	0.01	-0.32	-0.86	0.69	-0.26		0.56	-0.95
Common Stock Total Equity	-0.04	-0.24	-0.18	0.07	-0.1	-0.49	-0.66	0.21	-0.02	-0.18	-0.28	-0.02	-0.23	0.34	0.19	-0.19	-0.42	-0.02	0.04	0.06	-0.35	0.37	0.18	0.56		-0.47
Non Current Liabilities Total	0.28	-0.31	-0.03	0.18	0.66	0.73	0.75	-0.56	0.3	-0.13	-0.18	-0.8	0.1	-0.12	0.53	0.13	1.0	0.01	-0.03	0.46	0.92	-0.71	0.37	-0.95	-0.47

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James River Account Relationship Matchups

James River fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.0B	5.1B	4.9B	5.1B	5.3B	3.0B
Other Current Liab	(108.1M)	(110.4M)	(267.1M)	(256.6M)	(158.7M)	(150.7M)
Total Stockholder Equity	778.6M	795.6M	725.4M	698.7M	679.5M	630.5M
Other Liab	2.1B	3.2B	3.0B	2.0B	2.3B	1.2B
Accounts Payable	108.1M	110.4M	135.6M	123.1M	158.7M	166.6M
Cash	206.9M	162.3M	190.1M	173.2M	274.3M	288.0M
Other Assets	264.4M	(461.4M)	(1.0B)	(1.1B)	2.6B	2.7B
Short Term Investments	1.6B	1.9B	1.8B	1.9B	113.8M	108.1M
Total Liab	4.2B	4.3B	4.2B	4.4B	4.6B	2.3B
Intangible Assets	36.9M	36.4M	36.0M	35.7M	32.8M	32.5M
Property Plant Equipment	19.0M	15.3M	12.5M	14.2M	16.3M	18.1M
Retained Earnings	89.6M	49.2M	(166.7M)	(152.1M)	(277.9M)	(264.0M)
Long Term Debt	262.4M	1.2B	201.4M	326.4M	375.3M	281.2M
Common Stock Shares Outstanding	30.7M	30.9M	35.0M	37.7M	37.8M	34.7M
Short Long Term Debt Total	266.4M	1.2B	366.4M	326.4M	375.3M	350.0M
Total Current Liabilities	108.1M	110.4M	135.6M	123.5M	1.3B	1.4B
Property Plant And Equipment Net	1.8M	1.3M	781K	1.4M	24.8M	13.6M
Net Debt	55.4M	204.1M	176.2M	153.2M	52.1M	97.5M
Non Current Assets Total	1.9B	2.2B	2.1B	2.2B	2.7B	1.8B
Non Currrent Assets Other	(27.7M)	(34.9M)	(57.8M)	(69.7M)	2.5B	2.6B
Cash And Short Term Investments	1.8B	2.1B	2.0B	2.1B	2.0M	1.9M
Net Receivables	1.1B	1.2B	1.8B	2.0B	1.8B	1.0B
Liabilities And Stockholders Equity	5.0B	5.1B	4.9B	5.1B	5.3B	3.8B
Non Current Liabilities Total	262.4M	367.5M	366.4M	123.5M	4.6B	4.9B
Other Current Assets	2.0B	1.7B	924.0M	791.4M	293.1M	278.5M
Other Stockholder Equity	657.9M	664.5M	862.0M	868.9M	876.2M	776.6M
Total Current Assets	2.9B	3.3B	3.8B	4.0B	2.0M	1.9M
Accumulated Other Comprehensive Income	31.1M	81.9M	30.0M	(163.0M)	(63.7M)	(60.5M)
Net Tangible Assets	559.8M	577.4M	507.5M	336.3M	302.6M	385.8M
Long Term Investments	1.7B	2.2B	2.1B	2.0B	1.5B	1.6B
Current Deferred Revenue	104.0M	106.4M	131.5M	119.6M	107.6M	195.8M
Retained Earnings Total Equity	79.8M	89.6M	49.2M	(166.7M)	(150.0M)	(142.5M)
Long Term Debt Total	222.4M	262.4M	1.2B	201.4M	231.6M	392.8M
Capital Surpluse	645.3M	657.9M	664.5M	862.0M	991.3M	743.8M

Pair Trading with James River

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

Moving together with James Stock

0.65

ESNT

Essent Group

Pair Corr

Moving against James Stock

0.85	MBI	MBIA Inc	Pair Corr
0.84	ITIC	Investors Title	Pair Corr
0.77	HIPO	Hippo Holdings	Pair Corr
0.72	AGO	Assured Guaranty	Pair Corr
0.72	AXS	AXIS Capital Holdings	Pair Corr

The ability to find closely correlated positions to James River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace James River 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 James River - 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 James River Group to buy it.

The correlation of James River 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 James River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if James River 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 James River 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 James Stock Analysis

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

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