Hagerty Net Income vs Capital Expenditures Analysis

HGTY Stock  USD 11.09  0.04  0.36%   
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 Net Income and its Capital Expenditures 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.

Net Income vs Capital Expenditures

JavaScript chart by amCharts 3.21.15201420162018202020222024-60M-55M-50M-45M-40M-35M-30M-25M-20M-15M-10M-5M05M10M15M20M 10M15M20M25M30M35M40M45M
JavaScript chart by amCharts 3.21.15Net Incometotal: 49.4MCapital Expenditurestotal: 240.3M

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hagerty Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
Net IncomeCapital ExpendituresDiversified AwayNet IncomeCapital ExpendituresDiversified Away100%
The correlation between Hagerty's Net Income and Capital Expenditures is -0.41. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Hagerty, assuming nothing else is changed. The correlation between historical values of Hagerty's Net Income and Capital Expenditures 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 Hagerty are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Hagerty's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Income

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

Capital Expenditures

Capital Expenditures are funds used by Hagerty to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Hagerty operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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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