Erie Debt To Equity from 2010 to 2024
| ERIE Stock | USD 380.46 2.27 0.60% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter (0.15) | Current Value (0.14) | Quarterly Volatility 0.08391827 |
Check Erie Indemnity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Erie main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.3 M, Interest Expense of 0.0 or Total Revenue of 2.2 B, as well as many exotic indicators such as Price To Sales Ratio of 3.28, Dividend Yield of 0.017 or PTB Ratio of 9.85. Erie financial statements analysis is a perfect complement when working with Erie Indemnity Valuation or Volatility modules.
Erie | Debt To Equity |
Latest Erie Indemnity's Debt To Equity Growth Pattern
Below is the plot of the Debt To Equity of Erie Indemnity over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Erie Indemnity's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Erie Indemnity's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.03 % | 10 Years Trend |
|
Debt To Equity |
| Timeline |
Erie Debt To Equity Regression Statistics
| Arithmetic Mean | 0.01 | |
| Coefficient Of Variation | 626.39 | |
| Mean Deviation | 0.06 | |
| Median | 0.03 | |
| Standard Deviation | 0.08 | |
| Sample Variance | 0.01 | |
| Range | 0.2524 | |
| R-Value | (0.47) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.22 | |
| Significance | 0.08 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.1 |
Erie Debt To Equity History
About Erie Indemnity Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Erie Indemnity income statement, its balance sheet, and the statement of cash flows. Erie Indemnity investors use historical funamental indicators, such as Erie Indemnity's Debt To Equity, to determine how well the company is positioned to perform in the future. Although Erie Indemnity investors may use each financial statement separately, they are all related. The changes in Erie Indemnity's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Erie Indemnity's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Erie Indemnity Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Erie Indemnity. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | (0.15) | (0.14) |
Erie Indemnity Investors Sentiment
The influence of Erie Indemnity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Erie. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Erie Indemnity's public news can be used to forecast risks associated with an investment in Erie. The trend in average sentiment can be used to explain how an investor holding Erie can time the market purely based on public headlines and social activities around Erie Indemnity. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Erie Indemnity's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Erie Indemnity's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Erie Indemnity's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Erie Indemnity.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erie Indemnity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erie Indemnity's short interest history, or implied volatility extrapolated from Erie Indemnity options trading.
Pair Trading with Erie Indemnity
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 Erie Indemnity 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 Erie Indemnity will appreciate offsetting losses from the drop in the long position's value.Moving together with Erie Stock
| 0.77 | AJG | Arthur J Gallagher Earnings Call This Week | PairCorr |
| 0.77 | AON | Aon PLC Earnings Call This Week | PairCorr |
Moving against Erie Stock
| 0.74 | FANH | Fanhua Inc | PairCorr |
| 0.49 | RELI | Reliance Global Group | PairCorr |
| 0.43 | EHTH | eHealth Financial Report 14th of May 2024 | PairCorr |
| 0.41 | GOCO | GoHealth Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Erie Indemnity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erie Indemnity 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 Erie Indemnity - 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 Erie Indemnity to buy it.
The correlation of Erie Indemnity 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 Erie Indemnity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erie Indemnity 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 Erie Indemnity 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.Check out the analysis of Erie Indemnity Correlation against competitors. For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Erie Stock analysis
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 8.52 | 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.