Palomar Change In Cash vs Other Non Cash Items Analysis

PLMR Stock  USD 111.13  1.04  0.93%   
Palomar Holdings financial indicator trend analysis is much more than just breaking down Palomar Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palomar Holdings is a good investment. Please check the relationship between Palomar Holdings Change In Cash and its Other Non Cash Items accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palomar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.

Change In Cash vs Other Non Cash Items

Change In Cash vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Change In Cash account and Other Non Cash Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Palomar Holdings' Change In Cash and Other Non Cash Items is 0.42. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Palomar Holdings, assuming nothing else is changed. The correlation between historical values of Palomar Holdings' Change In Cash and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Palomar Holdings are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change In Cash i.e., Palomar Holdings' Change In Cash and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Change In Cash

Other Non Cash Items

Most indicators from Palomar Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palomar Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palomar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.As of 12/17/2024, Tax Provision is likely to grow to about 24.2 M, while Enterprise Value Over EBITDA is likely to drop 11.70.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization3.5M4.1M4.5M4.7M
Interest Income9.6M14.4M21.6M22.7M

Palomar Holdings fundamental ratios Correlations

-0.97-0.550.870.840.990.970.840.140.810.990.880.80.840.40.850.640.90.70.76-0.910.70.9-0.91-0.380.84
-0.970.73-0.84-0.82-0.94-0.96-0.86-0.27-0.82-0.95-0.81-0.82-0.82-0.21-0.85-0.69-0.89-0.69-0.710.87-0.8-0.910.830.37-0.74
-0.550.73-0.45-0.44-0.53-0.59-0.52-0.3-0.55-0.54-0.3-0.57-0.430.15-0.55-0.42-0.52-0.37-0.270.45-0.63-0.60.330.14-0.36
0.87-0.84-0.451.00.840.750.940.020.470.830.870.471.00.340.980.730.990.890.93-0.940.560.63-0.87-0.710.62
0.84-0.82-0.441.00.810.720.950.030.430.790.850.421.00.30.980.750.980.90.93-0.930.550.59-0.85-0.740.57
0.99-0.94-0.530.840.810.970.810.090.810.990.840.80.810.480.80.560.870.640.7-0.890.660.9-0.91-0.340.88
0.97-0.96-0.590.750.720.970.750.250.920.980.790.910.720.340.720.540.820.530.62-0.810.780.97-0.85-0.180.84
0.84-0.86-0.520.940.950.810.750.290.530.790.820.520.940.090.940.870.940.870.83-0.920.710.67-0.82-0.740.47
0.14-0.27-0.30.020.030.090.250.290.470.130.060.470.05-0.760.020.490.12-0.03-0.04-0.050.780.42-0.060.05-0.28
0.81-0.82-0.550.470.430.810.920.530.470.840.581.00.450.130.430.390.580.210.34-0.580.840.97-0.690.160.7
0.99-0.95-0.540.830.790.990.980.790.130.840.860.840.80.430.80.570.870.630.72-0.890.70.92-0.91-0.290.87
0.88-0.81-0.30.870.850.840.790.820.060.580.860.570.850.330.850.760.850.840.92-0.910.550.68-0.85-0.540.65
0.8-0.82-0.570.470.420.80.910.520.471.00.840.570.440.120.430.380.580.210.33-0.580.840.97-0.690.160.69
0.84-0.82-0.431.01.00.810.720.940.050.450.80.850.440.290.980.750.980.880.94-0.920.570.61-0.86-0.720.57
0.4-0.210.150.340.30.480.340.09-0.760.130.430.330.120.290.27-0.270.280.170.3-0.35-0.30.19-0.46-0.050.78
0.85-0.85-0.550.980.980.80.720.940.020.430.80.850.430.980.270.770.960.930.92-0.920.540.59-0.8-0.740.57
0.64-0.69-0.420.730.750.560.540.870.490.390.570.760.380.75-0.270.770.720.850.74-0.740.690.5-0.56-0.740.13
0.9-0.89-0.520.990.980.870.820.940.120.580.870.850.580.980.280.960.720.820.9-0.940.660.72-0.9-0.60.64
0.7-0.69-0.370.890.90.640.530.87-0.030.210.630.840.210.880.170.930.850.820.9-0.860.380.38-0.66-0.880.37
0.76-0.71-0.270.930.930.70.620.83-0.040.340.720.920.330.940.30.920.740.90.9-0.870.440.49-0.78-0.70.51
-0.910.870.45-0.94-0.93-0.89-0.81-0.92-0.05-0.58-0.89-0.91-0.58-0.92-0.35-0.92-0.74-0.94-0.86-0.87-0.59-0.70.940.62-0.67
0.7-0.8-0.630.560.550.660.780.710.780.840.70.550.840.57-0.30.540.690.660.380.44-0.590.86-0.6-0.140.33
0.9-0.91-0.60.630.590.90.970.670.420.970.920.680.970.610.190.590.50.720.380.49-0.70.86-0.77-0.030.75
-0.910.830.33-0.87-0.85-0.91-0.85-0.82-0.06-0.69-0.91-0.85-0.69-0.86-0.46-0.8-0.56-0.9-0.66-0.780.94-0.6-0.770.4-0.77
-0.380.370.14-0.71-0.74-0.34-0.18-0.740.050.16-0.29-0.540.16-0.72-0.05-0.74-0.74-0.6-0.88-0.70.62-0.14-0.030.4-0.04
0.84-0.74-0.360.620.570.880.840.47-0.280.70.870.650.690.570.780.570.130.640.370.51-0.670.330.75-0.77-0.04
Click cells to compare fundamentals

Palomar Holdings Account Relationship Matchups

Palomar Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets395.5M729.1M925.7M1.3B1.7B1.8B
Other Current Liab(24.9M)(43.0M)(58.7M)(200.7M)(215.0M)(204.2M)
Total Current Liabilities24.9M43.0M58.7M10.3M16.4M24.5M
Total Stockholder Equity218.6M363.7M394.2M384.8M471.3M285.3M
Net Tangible Assets217.8M352.2M384.7M376.5M433.0M247.8M
Retained Earnings33.9M40.0M70.0M87.7M144.6M151.9M
Accounts Payable24.9M43.0M58.7M164.3M224.1M235.3M
Cash33.1M33.5M50.3M68.1M51.5M36.7M
Other Assets(149.4M)(290.6M)(278.5M)696.2M(72.7M)(69.0M)
Net Receivables53.5M153.6M245.3M348.3M538.8M565.7M
Common Stock Shares Outstanding21.8M25.6M26.1M25.8M25.3M26.5M
Capital Surpluse180.0M310.5M318.9M333.6M383.6M211.9M
Other Current Assets80.3M131.6M162.7M(348.3M)265.8M279.1M
Other Stockholder Equity180.0M310.5M318.9M333.6M350.6M227.5M
Total Liab176.9M365.4M531.6M914.1M183.9M342.9M
Long Term Investments239.5M424.9M465.9M553.6M689.6M377.6M
Total Current Assets303.8M585.1M728.3M583.2M317.4M392.1M
Property Plant Equipment845K739K527K603K542.7K618.1K
Other Liab2.0M5.4M3.9M53.5M61.6M64.6M
Property Plant And Equipment Net845K739K527K603K373K555.5K
Net Debt(33.1M)(33.5M)(48.1M)(31.7M)1.1M1.1M
Non Current Assets Total241.1M434.6M476.0M19.5M1.5B1.5B
Non Currrent Assets Other(4.6M)(8.6M)(15.2M)(553.6M)761.1M799.1M
Cash And Short Term Investments250.3M431.5M483.0M583.2M51.5M49.0M
Short Term Investments217.2M398.0M432.7M515.1M(306K)(290.7K)
Liabilities And Stockholders Equity395.5M729.1M925.7M1.3B1.7B860.6M
Non Current Liabilities Total2.0M5.4M3.9M911.4M167.5M177.0M
Net Invested Capital218.6M363.7M394.2M421.2M523.9M334.3M
Accumulated Other Comprehensive Income4.7M13.2M5.3M(36.5M)(24.0M)(22.8M)

Pair Trading with Palomar Holdings

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 Palomar Holdings 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 Palomar Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Palomar Stock

  0.87L Loews CorpPairCorr
  0.93AFG American FinancialPairCorr
  0.92AIZ AssurantPairCorr
The ability to find closely correlated positions to Palomar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palomar Holdings 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 Palomar Holdings - 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 Palomar Holdings to buy it.
The correlation of Palomar Holdings 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 Palomar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palomar Holdings 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 Palomar Holdings 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

Additional Tools for Palomar Stock Analysis

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