Palomar Intangible Assets vs Net Debt Analysis
PLMR Stock | USD 109.67 0.10 0.09% |
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 Intangible Assets and its Net Debt 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.
Intangible Assets vs Net Debt
Intangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Palomar Holdings' Intangible Assets and Net Debt is -0.7. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt 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' Intangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Palomar Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Intangible Assets i.e., Palomar Holdings' Intangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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 12/14/2024, 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 Amortization | 3.5M | 4.1M | 4.5M | 4.7M | Interest Income | 9.6M | 14.4M | 21.6M | 22.7M |
Palomar Holdings fundamental ratios Correlations
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Palomar Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palomar Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 395.5M | 729.1M | 925.7M | 1.3B | 1.7B | 1.8B | |
Other Current Liab | (24.9M) | (43.0M) | (58.7M) | (200.7M) | (215.0M) | (204.2M) | |
Total Current Liabilities | 24.9M | 43.0M | 58.7M | 10.3M | 16.4M | 24.5M | |
Total Stockholder Equity | 218.6M | 363.7M | 394.2M | 384.8M | 471.3M | 285.3M | |
Net Tangible Assets | 217.8M | 352.2M | 384.7M | 376.5M | 433.0M | 247.8M | |
Retained Earnings | 33.9M | 40.0M | 70.0M | 87.7M | 144.6M | 151.9M | |
Accounts Payable | 24.9M | 43.0M | 58.7M | 164.3M | 224.1M | 235.3M | |
Cash | 33.1M | 33.5M | 50.3M | 68.1M | 51.5M | 36.7M | |
Other Assets | (149.4M) | (290.6M) | (278.5M) | 696.2M | (72.7M) | (69.0M) | |
Net Receivables | 53.5M | 153.6M | 245.3M | 348.3M | 538.8M | 565.7M | |
Common Stock Shares Outstanding | 21.8M | 25.6M | 26.1M | 25.8M | 25.3M | 26.5M | |
Capital Surpluse | 180.0M | 310.5M | 318.9M | 333.6M | 383.6M | 211.9M | |
Other Current Assets | 80.3M | 131.6M | 162.7M | (348.3M) | 265.8M | 279.1M | |
Other Stockholder Equity | 180.0M | 310.5M | 318.9M | 333.6M | 350.6M | 227.5M | |
Total Liab | 176.9M | 365.4M | 531.6M | 914.1M | 183.9M | 342.9M | |
Long Term Investments | 239.5M | 424.9M | 465.9M | 553.6M | 689.6M | 377.6M | |
Total Current Assets | 303.8M | 585.1M | 728.3M | 583.2M | 317.4M | 392.1M | |
Property Plant Equipment | 845K | 739K | 527K | 603K | 542.7K | 618.1K | |
Other Liab | 2.0M | 5.4M | 3.9M | 53.5M | 61.6M | 64.6M | |
Property Plant And Equipment Net | 845K | 739K | 527K | 603K | 373K | 555.5K | |
Net Debt | (33.1M) | (33.5M) | (48.1M) | (31.7M) | 1.1M | 1.1M | |
Non Current Assets Total | 241.1M | 434.6M | 476.0M | 19.5M | 1.5B | 1.5B | |
Non Currrent Assets Other | (4.6M) | (8.6M) | (15.2M) | (553.6M) | 761.1M | 799.1M | |
Cash And Short Term Investments | 250.3M | 431.5M | 483.0M | 583.2M | 51.5M | 49.0M | |
Short Term Investments | 217.2M | 398.0M | 432.7M | 515.1M | (306K) | (290.7K) | |
Liabilities And Stockholders Equity | 395.5M | 729.1M | 925.7M | 1.3B | 1.7B | 860.6M | |
Non Current Liabilities Total | 2.0M | 5.4M | 3.9M | 911.4M | 167.5M | 177.0M | |
Net Invested Capital | 218.6M | 363.7M | 394.2M | 421.2M | 523.9M | 334.3M | |
Accumulated Other Comprehensive Income | 4.7M | 13.2M | 5.3M | (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
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.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.