Erie Indemnity Stock Current Asset
| ERIE Stock | USD 384.94 2.20 0.57% |
Erie Indemnity fundamentals help investors to digest information that contributes to Erie Indemnity's financial success or failures. It also enables traders to predict the movement of Erie Stock. The fundamental analysis module provides a way to measure Erie Indemnity's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Erie Indemnity stock.
As of May 3, 2024, Non Current Assets Total is expected to decline to about 844.4 M. In addition to that, Total Current Assets is expected to decline to about 816.3 M. Erie | Current Asset |
Erie Indemnity Company Current Asset Analysis
Erie Indemnity's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Erie Indemnity Current Asset | 635.15 M |
Most of Erie Indemnity's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Erie Indemnity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Erie Current Asset Historical Pattern
Today, most investors in Erie Indemnity Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Erie Indemnity's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Erie Indemnity current asset as a starting point in their analysis.
Erie Indemnity Current Asset |
| Timeline |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
Erie Total Assets
Total Assets |
|
In accordance with the recently published financial statements, Erie Indemnity has a Current Asset of 635.15 M. This is 90.62% lower than that of the Insurance sector and 87.69% lower than that of the Financials industry. The current asset for all United States stocks is 93.2% higher than that of the company.
Erie Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Erie Indemnity's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Erie Indemnity could also be used in its relative valuation, which is a method of valuing Erie Indemnity by comparing valuation metrics of similar companies.Erie Indemnity is currently under evaluation in current asset category among related companies.
Erie Indemnity ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Erie Indemnity's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Erie Indemnity's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Erie Fundamentals
| Return On Equity | 0.3 | ||||
| Return On Asset | 0.15 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 19.81 B | ||||
| Shares Outstanding | 46.19 M | ||||
| Shares Owned By Insiders | 45.51 % | ||||
| Shares Owned By Institutions | 36.87 % | ||||
| Number Of Shares Shorted | 679.65 K | ||||
| Price To Earning | 46.37 X | ||||
| Price To Book | 11.99 X | ||||
| Price To Sales | 6.10 X | ||||
| Revenue | 3.26 B | ||||
| Gross Profit | 376.21 M | ||||
| EBITDA | 568.01 M | ||||
| Net Income | 446.06 M | ||||
| Cash And Equivalents | 147.47 M | ||||
| Cash Per Share | 2.82 X | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.17 X | ||||
| Book Value Per Share | 33.01 X | ||||
| Cash Flow From Operations | 381.2 M | ||||
| Short Ratio | 6.96 X | ||||
| Earnings Per Share | 9.26 X | ||||
| Price To Earnings To Growth | 3.05 X | ||||
| Target Price | 115.0 | ||||
| Number Of Employees | 6.48 K | ||||
| Beta | 0.41 | ||||
| Market Capitalization | 20.01 B | ||||
| Total Asset | 2.51 B | ||||
| Retained Earnings | 2.8 B | ||||
| Working Capital | 189.45 M | ||||
| Current Asset | 635.15 M | ||||
| Current Liabilities | 445.7 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.18 % | ||||
| Net Asset | 2.51 B | ||||
| Last Dividend Paid | 4.93 |
About Erie Indemnity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Erie Indemnity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Erie Indemnity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Erie Indemnity based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.7 | AJG | Arthur J Gallagher Earnings Call This Week | PairCorr |
Moving against Erie Stock
| 0.44 | FANH | Fanhua Inc | 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 Erie Indemnity Piotroski F Score and Erie Indemnity Altman Z Score analysis. For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |
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 0.443 | Dividend Share 4.93 | Earnings Share 9.26 | Revenue Per Share 73.549 | Quarterly Revenue Growth 0.17 |
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.