Erie Deferred Long Term Liab from 2010 to 2024
| ERIE Stock | USD 390.01 5.07 1.32% |
Deferred Long Term Liabilities | First Reported 2010-09-30 | Previous Quarter 28.7 M | Current Value 29.2 M | Quarterly Volatility 181.6 M |
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 | Deferred Long Term Liab |
Latest Erie Indemnity's Deferred Long Term Liab Growth Pattern
Below is the plot of the Deferred Long Term Liab of Erie Indemnity over the last few years. It is liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue. Erie Indemnity's Deferred Long Term Liabilities 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.
| Deferred Long Term Liab | 10 Years Trend |
|
Deferred Long Term Liab |
| Timeline |
Erie Deferred Long Term Liab Regression Statistics
| Arithmetic Mean | 78,609,016 | |
| Geometric Mean | 0.00 | |
| Coefficient Of Variation | 187.97 | |
| Mean Deviation | 102,156,393 | |
| Median | 14,904,000 | |
| Standard Deviation | 147,759,431 | |
| Sample Variance | 21832.8T | |
| Range | 490M | |
| R-Value | (0.39) | |
| Mean Square Error | 19903.5T | |
| R-Squared | 0.15 | |
| Significance | 0.15 | |
| Slope | (12,944,169) | |
| Total Sum of Squares | 305659.9T |
Erie Deferred Long Term Liab 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 Deferred Long Term Liab, 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 | ||
| Deferred Long Term Liabilities | 25 M | 23.8 M |
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
| 0.45 | ALIZY | Allianz SE ADR | PairCorr |
| 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 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
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 9.28 | 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.