Hagerty Change In Cash vs Change Receivables Analysis

HGTY Stock  USD 11.04  0.09  0.81%   
Hagerty financial indicator trend analysis is much more than just examining Hagerty latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hagerty is a good investment. Please check the relationship between Hagerty Change In Cash and its Change Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hagerty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.

Change In Cash vs Change Receivables

Change In Cash vs Change Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hagerty Change In Cash account and Change Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hagerty's Change In Cash and Change Receivables is 0.4. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Hagerty, assuming nothing else is changed. The correlation between historical values of Hagerty's Change In Cash and Change Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Hagerty are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Change In Cash i.e., Hagerty's Change In Cash and Change Receivables go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Change In Cash

Change Receivables

The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Most indicators from Hagerty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hagerty 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hagerty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.At this time, Hagerty's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.41 in 2024, whereas Tax Provision is likely to drop slightly above 7.5 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization22.1M33.9M45.8M23.9M
Tax Provision6.8M7.0M14.9M7.5M

Hagerty fundamental ratios Correlations

0.90.870.870.90.170.05-0.230.95-0.76-0.510.860.63-0.22-0.580.870.260.33-0.630.920.92-0.60.970.90.880.74
0.90.980.990.69-0.160.430.180.88-0.91-0.680.840.80.01-0.450.950.490.69-0.80.890.97-0.850.870.931.00.92
0.870.980.980.63-0.240.480.210.92-0.91-0.570.830.72-0.13-0.580.930.620.72-0.810.880.99-0.780.80.910.990.92
0.870.990.980.67-0.170.450.190.86-0.88-0.690.870.80.04-0.410.930.510.7-0.760.870.97-0.850.850.91.00.95
0.90.690.630.670.56-0.35-0.580.78-0.41-0.490.860.55-0.07-0.330.69-0.11-0.05-0.250.810.72-0.430.940.740.670.58
0.17-0.16-0.24-0.170.56-0.93-0.870.030.43-0.130.220.060.150.23-0.02-0.81-0.780.50.19-0.120.180.290.06-0.19-0.23
0.050.430.480.45-0.35-0.930.920.15-0.64-0.240.040.30.09-0.160.320.790.94-0.680.090.36-0.52-0.030.230.460.49
-0.230.180.210.19-0.58-0.870.92-0.12-0.45-0.22-0.250.240.250.080.150.570.83-0.56-0.080.08-0.43-0.280.060.20.2
0.950.880.920.860.780.030.15-0.12-0.79-0.380.840.55-0.38-0.750.870.460.42-0.680.910.95-0.550.850.90.880.76
-0.76-0.91-0.91-0.88-0.410.43-0.64-0.45-0.790.57-0.56-0.70.090.52-0.88-0.61-0.830.97-0.78-0.860.8-0.68-0.86-0.91-0.75
-0.51-0.68-0.57-0.69-0.49-0.13-0.24-0.22-0.380.57-0.55-0.98-0.69-0.29-0.760.1-0.470.52-0.68-0.550.93-0.65-0.71-0.67-0.6
0.860.840.830.870.860.220.04-0.250.84-0.56-0.550.66-0.01-0.370.790.280.31-0.380.830.89-0.620.860.790.850.89
0.630.80.720.80.550.060.30.240.55-0.7-0.980.660.540.090.870.060.56-0.630.80.7-0.970.720.830.790.71
-0.220.01-0.130.04-0.070.150.090.25-0.380.09-0.69-0.010.540.880.07-0.440.110.1-0.03-0.16-0.490.01-0.010.00.08
-0.58-0.45-0.58-0.41-0.330.23-0.160.08-0.750.52-0.29-0.370.090.88-0.4-0.64-0.250.49-0.46-0.59-0.03-0.36-0.45-0.46-0.34
0.870.950.930.930.69-0.020.320.150.87-0.88-0.760.790.870.07-0.40.340.61-0.810.970.93-0.870.850.990.950.81
0.260.490.620.51-0.11-0.810.790.570.46-0.610.10.280.06-0.44-0.640.340.78-0.590.210.55-0.260.070.290.530.59
0.330.690.720.7-0.05-0.780.940.830.42-0.83-0.470.310.560.11-0.250.610.78-0.840.410.62-0.740.260.530.710.69
-0.63-0.8-0.81-0.76-0.250.5-0.68-0.56-0.680.970.52-0.38-0.630.10.49-0.81-0.59-0.84-0.69-0.740.74-0.54-0.79-0.8-0.6
0.920.890.880.870.810.190.09-0.080.91-0.78-0.680.830.8-0.03-0.460.970.210.41-0.690.91-0.750.90.990.890.73
0.920.970.990.970.72-0.120.360.080.95-0.86-0.550.890.7-0.16-0.590.930.550.62-0.740.91-0.740.850.920.980.91
-0.6-0.85-0.78-0.85-0.430.18-0.52-0.43-0.550.80.93-0.62-0.97-0.49-0.03-0.87-0.26-0.740.74-0.75-0.74-0.67-0.81-0.84-0.78
0.970.870.80.850.940.29-0.03-0.280.85-0.68-0.650.860.720.01-0.360.850.070.26-0.540.90.85-0.670.880.850.72
0.90.930.910.90.740.060.230.060.9-0.86-0.710.790.83-0.01-0.450.990.290.53-0.790.990.92-0.810.880.920.75
0.881.00.991.00.67-0.190.460.20.88-0.91-0.670.850.790.0-0.460.950.530.71-0.80.890.98-0.840.850.920.93
0.740.920.920.950.58-0.230.490.20.76-0.75-0.60.890.710.08-0.340.810.590.69-0.60.730.91-0.780.720.750.93
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Hagerty Account Relationship Matchups

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