ProAssurance Retained Earnings vs Other Liab Analysis
PRA Stock | USD 16.72 0.01 0.06% |
ProAssurance financial indicator trend analysis is much more than just breaking down ProAssurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProAssurance is a good investment. Please check the relationship between ProAssurance Retained Earnings and its Other Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProAssurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.
Retained Earnings vs Other Liab
Retained Earnings vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ProAssurance Retained Earnings account and Other Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ProAssurance's Retained Earnings and Other Liab is -0.03. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Liab in the same time period over historical financial statements of ProAssurance, assuming nothing else is changed. The correlation between historical values of ProAssurance's Retained Earnings and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of ProAssurance are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Retained Earnings i.e., ProAssurance's Retained Earnings and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Other Liab
Most indicators from ProAssurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProAssurance 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProAssurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.At present, ProAssurance's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 115.77, whereas Tax Provision is forecasted to decline to (3.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.1B | 1.1B | 648.0M | Total Revenue | 1.1B | 1.1B | 1.1B | 648.1M |
ProAssurance fundamental ratios Correlations
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ProAssurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ProAssurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.2B | 5.0B | 6.6B | 6.4B | 5.6B | 3.9B | |
Total Stockholder Equity | 1.9B | 1.7B | 1.9B | 1.8B | 1.1B | 1.3B | |
Property Plant And Equipment Net | 21.1M | 19.0M | 19.6M | 19.0M | 46.0M | 48.3M | |
Retained Earnings | 1.5B | 1.3B | 1.4B | 1.4B | 1.4B | 952.6M | |
Non Currrent Assets Other | (90.2M) | (108.1M) | (170.4M) | (4.2B) | 5.1B | 5.3B | |
Other Assets | (1.8B) | (2.0B) | (3.1B) | 5.7B | 4.8B | 2.5B | |
Common Stock Shares Outstanding | 53.8M | 53.9M | 54.1M | 54.1M | 52.8M | 61.6M | |
Liabilities And Stockholders Equity | 5.2B | 5.0B | 6.6B | 6.4B | 5.6B | 3.9B | |
Other Stockholder Equity | 378.4M | (27.8M) | 399.0M | (21.3M) | (66.1M) | (62.8M) | |
Total Liab | 3.3B | 3.3B | 4.8B | 4.6B | 4.5B | 2.6B | |
Common Stock Total Equity | 630K | 631K | 632K | 633K | 569.7K | 541.2K | |
Common Stock | 631K | 632K | 633K | 634K | 636K | 604.2K | |
Other Liab | 1.8B | 2.5B | 3.8B | 3.6B | 4.2B | 4.4B | |
Accounts Payable | 52.9M | 40.0M | 22.6M | 28.5M | 24.0M | 22.8M | |
Cash | 175.4M | 215.8M | 143.6M | 30.0M | 65.9M | 103.6M | |
Short Term Investments | 2.6B | 2.8B | 4.1B | 3.7B | 235.8M | 224.0M | |
Short Long Term Debt Total | 307.9M | 304.8M | 715.8M | 447.0M | 444.3M | 281.0M | |
Other Current Liab | (52.9M) | (41.6M) | (22.6M) | (28.5M) | 2.9B | 1.7B | |
Total Current Liabilities | 52.9M | 40.0M | 22.6M | 20.0M | 3.0B | 1.8B | |
Net Debt | 132.5M | 89.0M | 302.2M | 417.0M | 378.4M | 397.3M | |
Non Current Assets Total | 3.6B | 3.4B | 4.8B | 326.0M | 5.6B | 5.8B | |
Long Term Debt | 285.8M | 284.7M | 425.0M | 427.0M | 302.1M | 237.0M | |
Cash And Short Term Investments | 2.8B | 3.0B | 4.2B | 3.7B | 65.9M | 62.6M | |
Net Receivables | 653.0M | 600.9M | 707.4M | 693.3M | 702.3M | 505.9M | |
Non Current Liabilities Total | 307.9M | 304.8M | 445.8M | 3.9B | 4.5B | 4.7B | |
Total Current Assets | 3.5B | 3.6B | 4.9B | 419.8M | 65.9M | 62.6M | |
Accumulated Other Comprehensive Income | 37.0M | 75.2M | 16.3M | (298.6M) | (204.5M) | (194.3M) | |
Intangible Assets | 70.8M | 65.7M | 73.3M | 66.8M | 60.3M | 67.0M | |
Other Current Assets | 772.8M | 773.9M | 609.6M | (4.0B) | 541.3M | 568.3M | |
Property Plant Equipment | 30.4M | 30.5M | 30.3M | 19.0M | 17.1M | 27.1M | |
Net Tangible Assets | 1.2B | 1.2B | 1.3B | 987.6M | 888.8M | 1.2B | |
Retained Earnings Total Equity | 1.6B | 1.5B | 1.3B | 1.4B | 1.3B | 1.3B | |
Long Term Debt Total | 285.8M | 284.7M | 425.0M | 427.0M | 491.0M | 308.5M | |
Capital Surpluse | 384.6M | 388.2M | 392.9M | 397.9M | 358.1M | 319.7M | |
Long Term Investments | 3.4B | 3.4B | 4.8B | 4.2B | 4.2B | 4.3B | |
Non Current Liabilities Other | 2.8B | 3.0B | 3.0B | 4.3B | 5.0B | 3.2B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ProAssurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProAssurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proassurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proassurance Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProAssurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProAssurance. If investors know ProAssurance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProAssurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.519 | Earnings Share 0.83 | Revenue Per Share 22.73 | Quarterly Revenue Growth 0.034 | Return On Assets 0.0095 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.