FGN Common Stock Shares Outstanding vs Net Debt Analysis
| FGN Stock | 26.92 0.09 0.34% |
FG Annuities financial indicator trend analysis is much more than just examining FG Annuities Life latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FG Annuities Life is a good investment. Please check the relationship between FG Annuities Common Stock Shares Outstanding and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Annuities Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Common Stock Shares Outstanding vs Net Debt
Common Stock Shares Outstanding vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FG Annuities Life Common Stock Shares Outstanding account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between FG Annuities' Common Stock Shares Outstanding and Net Debt is 0.96. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Debt in the same time period over historical financial statements of FG Annuities Life, assuming nothing else is changed. The correlation between historical values of FG Annuities' Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of FG Annuities Life 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 Common Stock Shares Outstanding i.e., FG Annuities' Common Stock Shares Outstanding and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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 FG Annuities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FG Annuities Life 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Annuities Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 119.09. Also, Enterprise Value Multiple is likely to grow to 119.09
| 2010 | 2023 | 2024 (projected) | Interest Expense | 29M | 97M | 56.8M | Depreciation And Amortization | 484M | 30M | 28.5M |
FG Annuities fundamental ratios Correlations
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FG Annuities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with FG Annuities
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 FG Annuities 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 FG Annuities will appreciate offsetting losses from the drop in the long position's value.Moving together with FGN Stock
Moving against FGN Stock
| 0.74 | CNA | CNA Financial | PairCorr |
| 0.52 | HG | Hamilton Insurance Group, Normal Trading | PairCorr |
| 0.51 | CI | Cigna Corp | PairCorr |
| 0.41 | FACO | First Acceptance Corp | PairCorr |
| 0.39 | ESNT | Essent Group | PairCorr |
The ability to find closely correlated positions to FG Annuities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FG Annuities 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 FG Annuities - 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 FG Annuities Life to buy it.
The correlation of FG Annuities 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 FG Annuities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FG Annuities Life 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 FG Annuities 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Annuities Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Insurance space 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 FG Annuities. If investors know FGN 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 FG Annuities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of FG Annuities Life is measured differently than its book value, which is the value of FGN that is recorded on the company's balance sheet. Investors also form their own opinion of FG Annuities' value that differs from its market value or its book value, called intrinsic value, which is FG Annuities' 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 FG Annuities' market value can be influenced by many factors that don't directly affect FG Annuities' 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 FG Annuities' value and its price as these two are different measures arrived at by different means. Investors typically determine if FG Annuities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FG Annuities' 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.