Conifer Other Current Assets vs Non Current Liabilities Total Analysis

CNFR Stock  USD 1.14  0.04  3.64%   
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 Other Current Assets and its Non Current Liabilities Total 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.

Other Current Assets vs Non Current Liabilities Total

Other Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Conifer Holding Other Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Conifer Holding's Other Current Assets and Non Current Liabilities Total is -0.02. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Current Liabilities Total 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 Other Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Conifer Holding are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Assets i.e., Conifer Holding's Other Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Non Current Liabilities Total

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 12/12/2024, 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 Expense2.9M3.0M3.2M2.0M
Depreciation And Amortization423K417K545K432.6K

Conifer Holding fundamental ratios Correlations

0.940.730.20.21-0.260.530.63-0.920.490.160.74-0.320.040.770.570.670.840.560.620.970.520.690.83-0.610.05
0.940.810.290.32-0.020.390.66-0.90.620.20.72-0.29-0.010.820.660.770.950.650.60.970.670.840.95-0.430.11
0.730.810.080.090.110.120.9-0.720.750.030.81-0.47-0.370.980.820.670.780.820.340.740.780.670.8-0.310.04
0.20.290.080.970.26-0.220.11-0.270.06-0.12-0.28-0.150.360.08-0.010.080.450.0-0.090.190.240.580.440.17-0.17
0.210.320.090.970.37-0.20.1-0.210.09-0.06-0.28-0.040.310.10.080.130.480.09-0.040.210.240.590.460.25-0.2
-0.26-0.020.110.260.37-0.370.080.380.21-0.14-0.160.0-0.380.00.18-0.050.230.18-0.37-0.230.390.350.230.880.35
0.530.390.12-0.22-0.2-0.370.02-0.390.160.30.39-0.10.180.170.010.210.21-0.010.480.48-0.040.080.2-0.480.23
0.630.660.90.110.10.080.02-0.640.75-0.380.82-0.53-0.60.890.780.410.660.810.00.610.840.60.66-0.24-0.05
-0.92-0.9-0.72-0.27-0.210.38-0.39-0.64-0.49-0.1-0.720.42-0.1-0.75-0.49-0.63-0.8-0.48-0.55-0.93-0.54-0.68-0.810.69-0.01
0.490.620.750.060.090.210.160.75-0.49-0.050.68-0.32-0.450.770.710.440.580.720.060.530.740.490.59-0.16-0.13
0.160.20.03-0.12-0.06-0.140.3-0.38-0.1-0.05-0.150.360.670.080.00.530.06-0.060.790.23-0.38-0.090.1-0.33-0.09
0.740.720.81-0.28-0.28-0.160.390.82-0.720.68-0.15-0.46-0.520.810.640.450.620.650.260.730.680.460.61-0.470.18
-0.32-0.29-0.47-0.15-0.040.0-0.1-0.530.42-0.320.36-0.460.23-0.38-0.070.18-0.38-0.10.15-0.24-0.37-0.33-0.360.12-0.38
0.04-0.01-0.370.360.31-0.380.18-0.6-0.1-0.450.67-0.520.23-0.31-0.470.1-0.08-0.520.520.06-0.62-0.13-0.07-0.34-0.2
0.770.820.980.080.10.00.170.89-0.750.770.080.81-0.38-0.310.850.720.750.850.40.790.730.630.77-0.42-0.12
0.570.660.82-0.010.080.180.010.78-0.490.710.00.64-0.07-0.470.850.750.621.00.330.630.730.570.63-0.16-0.19
0.670.770.670.080.13-0.050.210.41-0.630.440.530.450.180.10.720.750.650.720.770.760.460.590.7-0.41-0.11
0.840.950.780.450.480.230.210.66-0.80.580.060.62-0.38-0.080.750.620.650.610.410.860.760.951.0-0.170.24
0.560.650.820.00.090.18-0.010.81-0.480.72-0.060.65-0.1-0.520.851.00.720.610.280.620.760.580.63-0.14-0.18
0.620.60.34-0.09-0.04-0.370.480.0-0.550.060.790.260.150.520.40.330.770.410.280.68-0.080.250.44-0.62-0.02
0.970.970.740.190.21-0.230.480.61-0.930.530.230.73-0.240.060.790.630.760.860.620.680.540.710.85-0.60.01
0.520.670.780.240.240.39-0.040.84-0.540.74-0.380.68-0.37-0.620.730.730.460.760.76-0.080.540.810.770.090.22
0.690.840.670.580.590.350.080.6-0.680.49-0.090.46-0.33-0.130.630.570.590.950.580.250.710.810.950.030.29
0.830.950.80.440.460.230.20.66-0.810.590.10.61-0.36-0.070.770.630.71.00.630.440.850.770.95-0.180.24
-0.61-0.43-0.310.170.250.88-0.48-0.240.69-0.16-0.33-0.470.12-0.34-0.42-0.16-0.41-0.17-0.14-0.62-0.60.090.03-0.180.34
0.050.110.04-0.17-0.20.350.23-0.05-0.01-0.13-0.090.18-0.38-0.2-0.12-0.19-0.110.24-0.18-0.020.010.220.290.240.34
Click cells to compare fundamentals

Conifer Holding Account Relationship Matchups

Conifer Holding fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding8.9M9.6M9.7M10.7M12.2M9.0M
Total Assets247.3M261.6M290.4M312.4M311.8M253.7M
Short Long Term Debt Total37.8M46.0M33.6M33.9M25.1M31.8M
Other Current Liab(2M)(5M)(12.0M)(6.1M)85.9M90.2M
Total Current Liabilities2M5M12.0M20.0M91.4M48.3M
Total Stockholder Equity42.7M44.4M40.5M19.0M2.9M2.7M
Other Liab66.8M67.1M82.4M106.5M122.5M69.5M
Net Debt28.4M32.8M23.7M5.8M13.9M16.1M
Retained Earnings(49.6M)(49.0M)(50.1M)(60.8M)(86.7M)(82.3M)
Accounts Payable10.0M8.7M12.0M6.1M5.6M8.1M
Cash7.5M8.2M9.9M28.0M11.1M14.2M
Non Current Assets Total169.7M183.2M182.7M111.5M145.3M122.1M
Non Currrent Assets Other(169.7M)(183.2M)(17.1M)(25.9M)(145.3M)(152.6M)
Other Assets(140.6M)(141.6M)(143.7M)125.1M76.3M80.1M
Long Term Debt33.8M41.0M33.6M33.9M25.1M29.9M
Cash And Short Term Investments169.9M173.5M182.7M164.2M32.0M30.4M
Net Receivables48.2M46.5M68.7M112.4M29.4M51.0M
Common Stock Total Equity86.2M86.5M91.8M92.5M106.4M79.8M
Short Term Investments162.4M165.3M172.8M136.1M20.8M19.8M
Liabilities And Stockholders Equity247.3M261.6M290.4M312.4M311.8M253.7M
Non Current Liabilities Total33.8M36.0M33.6M273.4M106.6M61.7M
Total Liab204.5M217.2M249.9M293.4M308.9M207.6M
Total Current Assets218.1M220.0M251.4M75.8M90.2M154.0M
Accumulated Other Comprehensive Income489K912K(2.1M)(18.2M)(14.5M)(13.8M)
Intangible Assets11.9M12.2M12.3M10.3M11.8M10.9M
Common Stock91.8M92.5M92.7M97.9M98.1M86.9M
Net Tangible Assets42.7M44.4M40.5M19.0M17.1M16.2M
Other Current Assets66.8M49.6M8.3M16.4M28.9M20.5M
Other Stockholder Equity489K912K(2.1M)(18.2M)(16.4M)(15.6M)
Long Term Investments169.7M183.2M182.7M137.4M145.3M158.9M
Short Term Debt2M5M742K24.7M274K260.3K
Property Plant And Equipment Net154.2M167.0M1.4M33K960K912K
Retained Earnings Total Equity(33.0M)(41.8M)(49.6M)(49.0M)(44.1M)(46.3M)
Long Term Debt Total29.0M33.5M35.8M41.0M47.1M31.1M
Non Current Liabilities Other148.9M151.3M158.7M167.5M192.6M151.2M
Net Invested Capital78.5M85.4M74.1M52.8M22.0M20.9M

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.

Moving together with Conifer Stock

  0.68FRFHF Fairfax FinancialPairCorr

Moving against Conifer Stock

  0.45CB ChubbPairCorr
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 CorrelationCorrelation 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.