Conifer Gross Profit vs Operating Income Analysis

CNFR Stock

USD 1.16 0.04 3.57%

Conifer Holding financial indicator trend analysis is way more than just evaluating Conifer Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conifer Holding is a good investment. Please check the relationship between Conifer Holding Gross Profit and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conifer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Conifer Stock, please use our How to Invest in Conifer Holding guide.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Conifer Holding Gross Profit account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Conifer Holding's Gross Profit and Operating Income is -0.65. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Conifer Holding, assuming nothing else is changed. The correlation between historical values of Conifer Holding's Gross Profit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Conifer Holding are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Conifer Holding's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Conifer Holding minus its cost of goods sold. It is profit before Conifer Holding operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Conifer Holding operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Conifer Holding is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Conifer Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conifer Holding 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 Conifer Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Conifer Stock, please use our How to Invest in Conifer Holding guide.As of 12/04/2024, Selling General Administrative is likely to drop to about 16.7 M. In addition to that, Tax Provision is likely to grow to about (8.9 M)

	2021	2022	2023	2024 (projected)
Interest Expense	2.9M	3.0M	3.2M	2.0M
Depreciation And Amortization	423K	417K	545K	432.6K

Interest Expense Depreciation And Amortization

Conifer Holding fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Other Current Assets
Common Stock Shares Outstanding		0.94	0.73	0.2	0.21	-0.26	0.53	0.63	-0.92	0.49	0.16	0.74	-0.32	0.04	0.77	0.57	0.67	0.84	0.56	0.62	0.97	0.52	0.69	0.83	-0.61	0.05
Total Assets	0.94		0.81	0.29	0.32	-0.02	0.39	0.66	-0.9	0.62	0.2	0.72	-0.29	-0.01	0.82	0.66	0.77	0.95	0.65	0.6	0.97	0.67	0.84	0.95	-0.43	0.11
Short Long Term Debt Total	0.73	0.81		0.08	0.09	0.11	0.12	0.9	-0.72	0.75	0.03	0.81	-0.47	-0.37	0.98	0.82	0.67	0.78	0.82	0.34	0.74	0.78	0.67	0.8	-0.31	0.04
Other Current Liab	0.2	0.29	0.08		0.97	0.26	-0.22	0.11	-0.27	0.06	-0.12	-0.28	-0.15	0.36	0.08	-0.01	0.08	0.45	0.0	-0.09	0.19	0.24	0.58	0.44	0.17	-0.17
Total Current Liabilities	0.21	0.32	0.09	0.97		0.37	-0.2	0.1	-0.21	0.09	-0.06	-0.28	-0.04	0.31	0.1	0.08	0.13	0.48	0.09	-0.04	0.21	0.24	0.59	0.46	0.25	-0.2
Total Stockholder Equity	-0.26	-0.02	0.11	0.26	0.37		-0.37	0.08	0.38	0.21	-0.14	-0.16	0.0	-0.38	0.0	0.18	-0.05	0.23	0.18	-0.37	-0.23	0.39	0.35	0.23	0.88	0.35
Other Liab	0.53	0.39	0.12	-0.22	-0.2	-0.37		0.02	-0.39	0.16	0.3	0.39	-0.1	0.18	0.17	0.01	0.21	0.21	-0.01	0.48	0.48	-0.04	0.08	0.2	-0.48	0.23
Net Debt	0.63	0.66	0.9	0.11	0.1	0.08	0.02		-0.64	0.75	-0.38	0.82	-0.53	-0.6	0.89	0.78	0.41	0.66	0.81	0.0	0.61	0.84	0.6	0.66	-0.24	-0.05
Retained Earnings	-0.92	-0.9	-0.72	-0.27	-0.21	0.38	-0.39	-0.64		-0.49	-0.1	-0.72	0.42	-0.1	-0.75	-0.49	-0.63	-0.8	-0.48	-0.55	-0.93	-0.54	-0.68	-0.81	0.69	-0.01
Accounts Payable	0.49	0.62	0.75	0.06	0.09	0.21	0.16	0.75	-0.49		-0.05	0.68	-0.32	-0.45	0.77	0.71	0.44	0.58	0.72	0.06	0.53	0.74	0.49	0.59	-0.16	-0.13
Cash	0.16	0.2	0.03	-0.12	-0.06	-0.14	0.3	-0.38	-0.1	-0.05		-0.15	0.36	0.67	0.08	0.0	0.53	0.06	-0.06	0.79	0.23	-0.38	-0.09	0.1	-0.33	-0.09
Non Current Assets Total	0.74	0.72	0.81	-0.28	-0.28	-0.16	0.39	0.82	-0.72	0.68	-0.15		-0.46	-0.52	0.81	0.64	0.45	0.62	0.65	0.26	0.73	0.68	0.46	0.61	-0.47	0.18
Non Currrent Assets Other	-0.32	-0.29	-0.47	-0.15	-0.04	0.0	-0.1	-0.53	0.42	-0.32	0.36	-0.46		0.23	-0.38	-0.07	0.18	-0.38	-0.1	0.15	-0.24	-0.37	-0.33	-0.36	0.12	-0.38
Other Assets	0.04	-0.01	-0.37	0.36	0.31	-0.38	0.18	-0.6	-0.1	-0.45	0.67	-0.52	0.23		-0.31	-0.47	0.1	-0.08	-0.52	0.52	0.06	-0.62	-0.13	-0.07	-0.34	-0.2
Long Term Debt	0.77	0.82	0.98	0.08	0.1	0.0	0.17	0.89	-0.75	0.77	0.08	0.81	-0.38	-0.31		0.85	0.72	0.75	0.85	0.4	0.79	0.73	0.63	0.77	-0.42	-0.12
Cash And Short Term Investments	0.57	0.66	0.82	-0.01	0.08	0.18	0.01	0.78	-0.49	0.71	0.0	0.64	-0.07	-0.47	0.85		0.75	0.62	1.0	0.33	0.63	0.73	0.57	0.63	-0.16	-0.19
Net Receivables	0.67	0.77	0.67	0.08	0.13	-0.05	0.21	0.41	-0.63	0.44	0.53	0.45	0.18	0.1	0.72	0.75		0.65	0.72	0.77	0.76	0.46	0.59	0.7	-0.41	-0.11
Common Stock Total Equity	0.84	0.95	0.78	0.45	0.48	0.23	0.21	0.66	-0.8	0.58	0.06	0.62	-0.38	-0.08	0.75	0.62	0.65		0.61	0.41	0.86	0.76	0.95	1.0	-0.17	0.24
Short Term Investments	0.56	0.65	0.82	0.0	0.09	0.18	-0.01	0.81	-0.48	0.72	-0.06	0.65	-0.1	-0.52	0.85	1.0	0.72	0.61		0.28	0.62	0.76	0.58	0.63	-0.14	-0.18
Non Current Liabilities Total	0.62	0.6	0.34	-0.09	-0.04	-0.37	0.48	0.0	-0.55	0.06	0.79	0.26	0.15	0.52	0.4	0.33	0.77	0.41	0.28		0.68	-0.08	0.25	0.44	-0.62	-0.02
Total Liab	0.97	0.97	0.74	0.19	0.21	-0.23	0.48	0.61	-0.93	0.53	0.23	0.73	-0.24	0.06	0.79	0.63	0.76	0.86	0.62	0.68		0.54	0.71	0.85	-0.6	0.01
Total Current Assets	0.52	0.67	0.78	0.24	0.24	0.39	-0.04	0.84	-0.54	0.74	-0.38	0.68	-0.37	-0.62	0.73	0.73	0.46	0.76	0.76	-0.08	0.54		0.81	0.77	0.09	0.22
Intangible Assets	0.69	0.84	0.67	0.58	0.59	0.35	0.08	0.6	-0.68	0.49	-0.09	0.46	-0.33	-0.13	0.63	0.57	0.59	0.95	0.58	0.25	0.71	0.81		0.95	0.03	0.29
Common Stock	0.83	0.95	0.8	0.44	0.46	0.23	0.2	0.66	-0.81	0.59	0.1	0.61	-0.36	-0.07	0.77	0.63	0.7	1.0	0.63	0.44	0.85	0.77	0.95		-0.18	0.24
Net Tangible Assets	-0.61	-0.43	-0.31	0.17	0.25	0.88	-0.48	-0.24	0.69	-0.16	-0.33	-0.47	0.12	-0.34	-0.42	-0.16	-0.41	-0.17	-0.14	-0.62	-0.6	0.09	0.03	-0.18		0.34
Other Current Assets	0.05	0.11	0.04	-0.17	-0.2	0.35	0.23	-0.05	-0.01	-0.13	-0.09	0.18	-0.38	-0.2	-0.12	-0.19	-0.11	0.24	-0.18	-0.02	0.01	0.22	0.29	0.24	0.34

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Conifer Holding Account Relationship Matchups

Conifer Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	8.9M	9.6M	9.7M	10.7M	12.2M	9.0M
Total Assets	247.3M	261.6M	290.4M	312.4M	311.8M	253.7M
Short Long Term Debt Total	37.8M	46.0M	33.6M	33.9M	25.1M	31.8M
Other Current Liab	(2M)	(5M)	(12.0M)	(6.1M)	85.9M	90.2M
Total Current Liabilities	2M	5M	12.0M	20.0M	91.4M	48.3M
Total Stockholder Equity	42.7M	44.4M	40.5M	19.0M	2.9M	2.7M
Other Liab	66.8M	67.1M	82.4M	106.5M	122.5M	69.5M
Net Debt	28.4M	32.8M	23.7M	5.8M	13.9M	16.1M
Retained Earnings	(49.6M)	(49.0M)	(50.1M)	(60.8M)	(86.7M)	(82.3M)
Accounts Payable	10.0M	8.7M	12.0M	6.1M	5.6M	8.1M
Cash	7.5M	8.2M	9.9M	28.0M	11.1M	14.2M
Non Current Assets Total	169.7M	183.2M	182.7M	111.5M	145.3M	122.1M
Non Currrent Assets Other	(169.7M)	(183.2M)	(17.1M)	(25.9M)	(145.3M)	(152.6M)
Other Assets	(140.6M)	(141.6M)	(143.7M)	125.1M	76.3M	80.1M
Long Term Debt	33.8M	41.0M	33.6M	33.9M	25.1M	29.9M
Cash And Short Term Investments	169.9M	173.5M	182.7M	164.2M	32.0M	30.4M
Net Receivables	48.2M	46.5M	68.7M	112.4M	29.4M	51.0M
Common Stock Total Equity	86.2M	86.5M	91.8M	92.5M	106.4M	79.8M
Short Term Investments	162.4M	165.3M	172.8M	136.1M	20.8M	19.8M
Liabilities And Stockholders Equity	247.3M	261.6M	290.4M	312.4M	311.8M	253.7M
Non Current Liabilities Total	33.8M	36.0M	33.6M	273.4M	106.6M	61.7M
Total Liab	204.5M	217.2M	249.9M	293.4M	308.9M	207.6M
Total Current Assets	218.1M	220.0M	251.4M	75.8M	90.2M	154.0M
Accumulated Other Comprehensive Income	489K	912K	(2.1M)	(18.2M)	(14.5M)	(13.8M)
Intangible Assets	11.9M	12.2M	12.3M	10.3M	11.8M	10.9M
Common Stock	91.8M	92.5M	92.7M	97.9M	98.1M	86.9M
Net Tangible Assets	42.7M	44.4M	40.5M	19.0M	17.1M	16.2M
Other Current Assets	66.8M	49.6M	8.3M	16.4M	28.9M	20.5M
Other Stockholder Equity	489K	912K	(2.1M)	(18.2M)	(16.4M)	(15.6M)
Long Term Investments	169.7M	183.2M	182.7M	137.4M	145.3M	158.9M
Short Term Debt	2M	5M	742K	24.7M	274K	260.3K
Property Plant And Equipment Net	154.2M	167.0M	1.4M	33K	960K	912K
Retained Earnings Total Equity	(33.0M)	(41.8M)	(49.6M)	(49.0M)	(44.1M)	(46.3M)
Long Term Debt Total	29.0M	33.5M	35.8M	41.0M	47.1M	31.1M
Non Current Liabilities Other	148.9M	151.3M	158.7M	167.5M	192.6M	151.2M
Net Invested Capital	78.5M	85.4M	74.1M	52.8M	22.0M	20.9M

Pair Trading with Conifer Holding

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 Conifer Holding 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 Conifer Holding will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Conifer Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conifer Holding 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 Conifer Holding - 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 Conifer Holding to buy it.

The correlation of Conifer Holding 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 Conifer Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conifer Holding 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 Conifer Holding 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 Correlation Correlation Matching

Additional Tools for Conifer Stock Analysis

When running Conifer Holding's price analysis, check to measure Conifer Holding'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 Conifer Holding is operating at the current time. Most of Conifer Holding's value examination focuses on studying past and present price action to predict the probability of Conifer Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conifer Holding's price. Additionally, you may evaluate how the addition of Conifer Holding to your portfolios can decrease your overall portfolio volatility.

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Conifer Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Conifer Holding fundamental ratios Correlations

Conifer Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Conifer Holding fundamental ratios Accounts

Pair Trading with Conifer Holding

Additional Tools for Conifer Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Investments	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity
Long Term Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.97	Common Stock Shares Outstanding
Total Liab	+ 0.97	Total Assets
Total Current Liabilities	+ 0.97	Other Current Liab

Total Liab	- 0.93	Retained Earnings
Retained Earnings	- 0.92	Common Stock Shares Outstanding
Retained Earnings	- 0.9	Total Assets
Common Stock	- 0.81	Retained Earnings
Common Stock Total Equity	- 0.8	Retained Earnings
Long Term Debt	- 0.75	Retained Earnings