Erie Indemnity Stock Price on January 10, 2024
| ERIE Stock | USD 381.74 1.48 0.39% |
Below is the normalized historical share price chart for Erie Indemnity extending back to October 02, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Erie Indemnity stands at 381.74, as last reported on the 26th of April, with the highest price reaching 386.67 and the lowest price hitting 371.31 during the day.
If you're considering investing in Erie Stock, it is important to understand the factors that can impact its price. We consider Erie Indemnity very steady. Erie Indemnity secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Erie Indemnity, which you can use to evaluate the volatility of the firm. Please confirm Erie Indemnity's Mean Deviation of 1.06, coefficient of variation of 900.28, and Downside Deviation of 1.24 to check if the risk estimate we provide is consistent with the expected return of 0.19%.
At present, Erie Indemnity's Liabilities And Stockholders Equity is projected to decrease significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 23.2 M, whereas Other Stockholder Equity is projected to grow to (1.1 B). . At present, Erie Indemnity's Price To Operating Cash Flows Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 56.76, whereas Price Earnings Ratio is forecasted to decline to 19.58. Erie Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of October 1995 | 200 Day MA 318.1217 | 50 Day MA 391.1686 | Beta 0.412 |
Erie |
Sharpe Ratio = 0.104
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.78 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Erie Indemnity is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Erie Indemnity by adding it to a well-diversified portfolio.
Price Book 11.986 | Price Sales 6.0969 | Shares Float 25.1 M | Dividend Share 4.845 | Wall Street Target Price 115 |
Erie Indemnity Valuation on January 10, 2024
It is possible to determine the worth of Erie Indemnity on a given historical date. On January 10, 2024 Erie was worth 328.25 at the beginning of the trading date compared to the closed value of 327.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erie Indemnity stock. Still, in general, we apply an absolute valuation method to find Erie Indemnity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Erie Indemnity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erie Indemnity's related companies.
| Open | High | Low | Close | Volume | |
| 328.00 | 328.03 | 321.05 | 326.64 | 82,638 | |
01/10/2024 | 328.25 | 328.60 | 325.50 | 327.26 | 86,770 |
| 328.20 | 334.62 | 325.45 | 333.53 | 75,469 |
| Backtest Erie Indemnity | | | Erie Indemnity History | | | Erie Indemnity Valuation | Previous | Next |
Erie Indemnity Trading Date Momentum on January 10, 2024
| On January 11 2024 Erie Indemnity was traded for 333.53 at the closing time. The top price for the day was 334.62 and the lowest listed price was 325.45 . The trading volume for the day was 75.5 K. The trading history from January 11, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 1.92% . The overall trading delta against the current closing price is 4.53% . |
Erie Indemnity Fundamentals Correlations and Trends
By evaluating Erie Indemnity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Erie Indemnity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Erie Indemnity Stock history
Erie Indemnity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Erie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erie Indemnity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Erie Indemnity stock prices may prove useful in developing a viable investing in Erie Indemnity
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 52.7 M | 56.2 M | |
| Net Income Applicable To Common Shares | 343.4 M | 219.9 M |
Erie Indemnity Stock Technical Analysis
Erie Indemnity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Erie Indemnity Period Price Range
Low | January 10, 2024
| High |
328.25 | 327.26 |
Erie Indemnity April 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Erie Indemnity stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erie Indemnity shares will generate the highest return on investment. By undertsting and applying Erie Indemnity stock market strength indicators, traders can identify Erie Indemnity entry and exit signals to maximize returns
| Accumulation Distribution | 818.58 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 327.05 | |||
| Day Typical Price | 327.12 | |||
| Price Action Indicator | (0.29) | |||
| Period Momentum Indicator | 54.48 |
Erie Indemnity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Erie Indemnity's price direction in advance. Along with the technical and fundamental analysis of Erie Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erie to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.1855 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.086 | |||
| Treynor Ratio | 18.63 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Erie Indemnity's price analysis, check to measure Erie Indemnity'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 Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
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Is Erie Indemnity's industry 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 Erie Indemnity. If investors know Erie 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 Erie Indemnity 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 0.697 | Dividend Share 4.845 | Earnings Share 8.53 | Revenue Per Share 70.773 | Quarterly Revenue Growth 0.167 |
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity'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 Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity'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 Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity'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.