Erie Indemnity Stock Price on October 24, 2024
| ERIE Stock | USD 422.62 2.27 0.54% |
Below is the normalized historical share price chart for Erie Indemnity extending back to October 02, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Erie Indemnity stands at 422.62, as last reported on the 26th of December, with the highest price reaching 423.18 and the lowest price hitting 418.97 during the day.
If you're considering investing in Erie Stock, it is important to understand the factors that can impact its price. Erie Indemnity secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Erie Indemnity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Erie Indemnity's Standard Deviation of 1.94, mean deviation of 1.39, and Variance of 3.76 to check the risk estimate we provide.
At present, Erie Indemnity's Liabilities And Stockholders Equity is projected to decrease significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 20.4 M, whereas Other Stockholder Equity is projected to grow to (1.1 B). . At present, Erie Indemnity's Price To Operating Cash Flows Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 56.29, whereas Price Earnings Ratio is forecasted to decline to 19.59. Erie Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of October 1995 | 200 Day MA 426.7516 | 50 Day MA 432.777 | Beta 0.454 |
Erie |
Sharpe Ratio = -0.1821
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ERIE |
Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Erie Indemnity is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Erie Indemnity by adding Erie Indemnity to a well-diversified portfolio.
Price Book 11.3446 | Price Sales 5.9909 | Shares Float 25.1 M | Dividend Share 5.1 | Wall Street Target Price 115 |
Related Headline
Brown Brown Headline on 24th of October 2024
Brown Brown Investment Analysts Recent Ratings Changes by thelincolnianonline.com
Several brokerages have updated their recommendations and price targets on shares of Brown Brown in the last few weeks 10162024 Brown Brown was downgraded by analysts at StockNews.com from a buy rating to a hold rating. 10162024 Brown Brown had its price target raised by analysts at Truist
Erie Indemnity Valuation on October 24, 2024
It is possible to determine the worth of Erie Indemnity on a given historical date. On October 24, 2024 Erie was worth 465.48 at the beginning of the trading date compared to the closed value of 458.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Erie Indemnity stock. Still, in general, we apply an absolute valuation method to find Erie Indemnity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Erie Indemnity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Erie Indemnity's related companies.
| Open | High | Low | Close | Volume | |
| 469.30 | 469.30 | 460.45 | 463.78 | 191,451 | |
10/24/2024 | 465.48 | 467.54 | 456.86 | 458.30 | 163,724 |
| 458.29 | 462.21 | 440.60 | 444.02 | 258,813 |
| Backtest Erie Indemnity | | | Erie Indemnity History | | | Erie Indemnity Valuation | Previous | Next |
Erie Indemnity Trading Date Momentum on October 24, 2024
| On October 25 2024 Erie Indemnity was traded for 444.02 at the closing time. The top price for the day was 462.21 and the lowest listed price was 440.60 . The trading volume for the day was 258.8 K. The trading history from October 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.12% . The overall trading delta against the current closing price is 9.44% . |
Erie Indemnity Fundamentals Correlations and Trends
By evaluating Erie Indemnity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Erie Indemnity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Erie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Erie Indemnity Stock history
Erie Indemnity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Erie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Erie Indemnity will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Erie Indemnity stock prices may prove useful in developing a viable investing in Erie Indemnity
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 46.2 M | 56.1 M | |
| Net Income Applicable To Common Shares | 343.4 M | 219.9 M |
Erie Indemnity Stock Technical Analysis
Erie Indemnity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Erie Indemnity Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Erie Indemnity cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Erie Indemnity December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Erie Indemnity stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Erie Indemnity shares will generate the highest return on investment. By undertsting and applying Erie Indemnity stock market strength indicators, traders can identify Erie Indemnity entry and exit signals to maximize returns
Erie Indemnity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Erie Indemnity's price direction in advance. Along with the technical and fundamental analysis of Erie Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Erie to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.32) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |