CNA Net Income vs Income Tax Expense Analysis

CNA Stock  USD 45.42  0.57  1.27%   
CNA Financial financial indicator trend analysis is way more than just evaluating CNA Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNA Financial is a good investment. Please check the relationship between CNA Financial Net Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNA Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade CNA Stock refer to our How to Trade CNA Stock guide.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CNA Financial Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between CNA Financial's Net Income and Income Tax Expense is 0.75. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of CNA Financial, assuming nothing else is changed. The correlation between historical values of CNA Financial's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of CNA Financial are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., CNA Financial's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in CNA Financial financial statement analysis. It represents the amount of money remaining after all of CNA Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from CNA Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNA Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CNA Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade CNA Stock refer to our How to Trade CNA Stock guide.As of March 29, 2024, Selling General Administrative is expected to decline to about 1.7 M. The current year's Discontinued Operations is expected to grow to about (168.4 M)
 2020 2021 2023 2024 (projected)
Total Revenue11.9B11.9B13.1B12.0B
Interest Expense113M112M127M132.6M

CNA Financial fundamental ratios Correlations

0.950.540.930.930.290.950.290.140.630.210.330.14-0.330.430.39-0.170.06-0.310.380.220.960.220.96-0.83-0.93
0.950.390.980.980.050.980.18-0.070.430.270.370.34-0.130.450.440.070.02-0.270.420.10.990.10.99-0.86-0.98
0.540.390.480.430.150.43-0.070.840.90.690.660.180.01-0.050.57-0.780.270.4-0.290.00.440.00.44-0.63-0.39
0.930.980.480.950.00.970.160.030.490.390.490.41-0.050.380.53-0.040.07-0.120.230.130.990.130.99-0.91-0.95
0.930.980.430.95-0.010.970.08-0.050.430.330.380.39-0.070.490.460.070.13-0.230.430.00.97-0.010.97-0.89-0.99
0.290.050.150.0-0.010.020.770.350.5-0.59-0.45-0.89-0.970.16-0.48-0.45-0.01-0.590.310.630.070.650.070.220.0
0.950.980.430.970.970.020.15-0.040.440.330.440.39-0.090.420.540.040.06-0.190.360.090.980.090.98-0.91-0.98
0.290.18-0.070.160.080.770.150.120.32-0.53-0.3-0.67-0.790.42-0.35-0.22-0.01-0.430.210.810.220.810.220.1-0.11
0.14-0.070.840.03-0.050.35-0.040.120.850.450.42-0.2-0.14-0.20.25-0.950.210.44-0.450.14-0.010.15-0.01-0.160.09
0.630.430.90.490.430.50.440.320.850.390.43-0.16-0.360.10.32-0.840.170.11-0.110.270.490.270.49-0.51-0.4
0.210.270.690.390.33-0.590.33-0.530.450.390.90.790.71-0.140.84-0.330.170.8-0.5-0.390.31-0.40.3-0.67-0.31
0.330.370.660.490.38-0.450.44-0.30.420.430.90.70.55-0.040.94-0.310.050.74-0.41-0.080.42-0.090.43-0.73-0.4
0.140.340.180.410.39-0.890.39-0.67-0.2-0.160.790.70.88-0.020.750.280.050.57-0.25-0.530.34-0.540.34-0.63-0.39
-0.33-0.130.01-0.05-0.07-0.97-0.09-0.79-0.14-0.360.710.550.88-0.260.540.250.020.74-0.47-0.63-0.13-0.64-0.14-0.210.08
0.430.45-0.050.380.490.160.420.42-0.20.1-0.14-0.04-0.02-0.26-0.030.230.07-0.290.480.270.450.260.45-0.31-0.51
0.390.440.570.530.46-0.480.54-0.350.250.320.840.940.750.54-0.03-0.16-0.020.62-0.24-0.220.47-0.230.47-0.79-0.5
-0.170.07-0.78-0.040.07-0.450.04-0.22-0.95-0.84-0.33-0.310.280.250.23-0.16-0.12-0.330.5-0.21-0.01-0.22-0.010.12-0.11
0.060.020.270.070.13-0.010.06-0.010.210.170.170.050.050.020.07-0.02-0.120.14-0.220.040.080.050.08-0.13-0.06
-0.31-0.270.4-0.12-0.23-0.59-0.19-0.430.440.110.80.740.570.74-0.290.62-0.330.14-0.79-0.21-0.21-0.22-0.21-0.190.24
0.380.42-0.290.230.430.310.360.21-0.45-0.11-0.5-0.41-0.25-0.470.48-0.240.5-0.22-0.79-0.030.33-0.020.33-0.06-0.46
0.220.10.00.130.00.630.090.810.140.27-0.39-0.08-0.53-0.630.27-0.22-0.210.04-0.21-0.030.191.00.190.07-0.02
0.960.990.440.990.970.070.980.22-0.010.490.310.420.34-0.130.450.47-0.010.08-0.210.330.190.181.0-0.89-0.97
0.220.10.00.13-0.010.650.090.810.150.27-0.4-0.09-0.54-0.640.26-0.23-0.220.05-0.22-0.021.00.180.180.08-0.02
0.960.990.440.990.970.070.980.22-0.010.490.30.430.34-0.140.450.47-0.010.08-0.210.330.191.00.18-0.89-0.97
-0.83-0.86-0.63-0.91-0.890.22-0.910.1-0.16-0.51-0.67-0.73-0.63-0.21-0.31-0.790.12-0.13-0.19-0.060.07-0.890.08-0.890.89
-0.93-0.98-0.39-0.95-0.990.0-0.98-0.110.09-0.4-0.31-0.4-0.390.08-0.51-0.5-0.11-0.060.24-0.46-0.02-0.97-0.02-0.970.89
Click cells to compare fundamentals

CNA Financial Account Relationship Matchups

CNA Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets52.1B54.2B66.6B60.9B64.7B56.6B
Short Long Term Debt Total2.7B2.8B2.8B2.8B3.0B2.3B
Total Stockholder Equity803M320M12.8B8.8B9.9B8.8B
Net Debt2.4B2.4B2.2B2.3B2.7B2.1B
Retained Earnings9.3B9.1B9.7B9.6B9.8B7.3B
Other Assets(6.9B)(6.5B)66.6B57.1B60.8B63.8B
Common Stock Shares Outstanding272.1M272.5M272.4M272.8M272.2M265.8M
Liabilities And Stockholders Equity57.2B52.1B54.2B60.9B64.7B56.2B
Non Current Liabilities Total6.8B7.3B2.8B47.1B49.6B52.1B
Other Stockholder Equity(9.8B)(10.3B)2.1B2.1B1.9B2.0B
Total Liab6.8B7.3B53.8B52.1B54.8B45.1B
Total Current Liabilities43.3B4.0B4.5B5.0B5.2B5.0B
Non Current Assets Total49.6B49.7B516M1.5B1.4B1.3B
Non Currrent Assets Other(66M)(142M)(48.5B)(42.1B)(45.5B)(43.2B)
Net Receivables7.1B8.4B5.5B8.6B8.9B6.8B
Total Current Assets9.4B10.9B2.4B2.3B2.5B2.4B
Other Current Liab17.5B18.2B7.1B16.7B17.9B32.5B
Cash310M419M536M475M345M251.9M
Cash And Short Term Investments2.3B2.5B536M2.3B42.9B45.1B
Short Term Investments1.3B1.9B2.0B1.9B42.6B44.7B
Accumulated Other Comprehensive Income(878M)803M320M(3.6B)(2.7B)(2.5B)
Other Current Assets6.3B6.8B5.5B6.9B7.5B7.1B
Other Liab18.0B48.5B51.1B17.2B19.8B13.9B
Accounts Payable(17.6B)(18.3B)24.2B(16.7B)(17.9B)(17.0B)
Long Term Debt2.7B2.8B2.8B2.5B2.5B2.5B
Property Plant Equipment324M282M252M226M203.4M262.2M
Net Tangible Assets12.1B12.6B12.8B8.7B7.8B9.4B
Retained Earnings Total Equity9.3B9.1B9.7B9.6B11.0B10.2B
Long Term Debt Total2.7B2.8B2.8B2.5B2.9B2.8B
Capital Surpluse2.2B2.2B2.2B2.2B2.6B2.4B

Pair Trading with CNA Financial

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 CNA Financial 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 CNA Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with CNA Stock

  0.62L Loews CorpPairCorr
  0.76CB Chubb Financial Report 23rd of April 2024 PairCorr

Moving against CNA Stock

  0.5FACO First Acceptance CorpPairCorr
The ability to find closely correlated positions to CNA Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNA Financial 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 CNA Financial - 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 CNA Financial to buy it.
The correlation of CNA Financial 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 CNA Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNA Financial 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 CNA Financial 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.
Pair CorrelationCorrelation Matching
When determining whether CNA Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CNA Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cna Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cna Financial Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNA Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade CNA Stock refer to our How to Trade CNA Stock guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for CNA Stock analysis

When running CNA Financial's price analysis, check to measure CNA Financial'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 CNA Financial is operating at the current time. Most of CNA Financial's value examination focuses on studying past and present price action to predict the probability of CNA Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNA Financial's price. Additionally, you may evaluate how the addition of CNA Financial 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
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Equity Valuation
Check real value of public entities based on technical and fundamental data
Is CNA Financial'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 CNA Financial. If investors know CNA 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 CNA Financial 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
0.532
Dividend Share
1.68
Earnings Share
4.43
Revenue Per Share
49.02
Quarterly Revenue Growth
0.127
The market value of CNA Financial is measured differently than its book value, which is the value of CNA that is recorded on the company's balance sheet. Investors also form their own opinion of CNA Financial's value that differs from its market value or its book value, called intrinsic value, which is CNA Financial'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 CNA Financial's market value can be influenced by many factors that don't directly affect CNA Financial'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 CNA Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNA Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNA Financial'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.