Erie Competitors

Stocks . USA . 
Stock . Erie Indemnity
ERIE Stock  USD 280.75  1.18  0.42%   
Erie Indemnity competes with Everest, Axa Equitable, Fidelity National, MetLife, and Brookfield Wealth; as well as few others. The company conducts business under Insurance sector and is part of Financials industry. Analyzing Erie Indemnity competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Erie Indemnity to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Erie Indemnity Correlation with its peers.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

Erie Indemnity vs Banco De Correlation

Very good diversification

The correlation between Erie Indemnity and BCH is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erie Indemnity and BCH in the same portfolio, assuming nothing else is changed.

Moving against Erie Stock

  0.51DIS Walt Disney Sell-off TrendPairCorr
  0.37CVX Chevron CorpPairCorr
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  0.31GE GE AerospacePairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
279.14280.75282.36
Details
Intrinsic
Valuation
LowRealHigh
270.72272.33308.83
Details
Naive
Forecast
LowNextHigh
275.94277.55279.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
274.10281.58289.05
Details

Erie Indemnity Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Erie Indemnity and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Erie and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Erie Indemnity does not affect the price movement of the other competitor.

High positive correlations

RGA
+ 0.88
EWBC
RGA
+ 0.85
EQH
EWBC
+ 0.82
EQH
RGA
+ 0.81
EG
RGA
+ 0.74
MET
MET
+ 0.73
EQH
  

High negative correlations

HLI
- 0.34
FNF
BCH
- 0.29
FNF
EWBC
- 0.17
FNF
BNT
- 0.16
FNF
RGA
- 0.06
FNF
FNF
- 0.04
EG

Risk-Adjusted Indicators

There is a big difference between Erie Stock performing well and Erie Indemnity Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Erie Indemnity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EG  0.96  0.03  0.00  0.10  1.23 
(0.94)
 2.03 
(2.24)
 5.45 
EQH  1.20 (0.07)(0.03)(0.01) 1.65 
(1.18)
 2.61 
(2.40)
 5.53 
FNF  1.20  0.01  0.01  0.06  1.45 
(1.33)
 2.58 
(2.27)
 9.24 
MET  1.13 (0.06)(0.03) 0.00  1.44 
(1.25)
 2.56 
(2.98)
 7.06 
BNT  1.28 (0.12) 0.00 (0.02) 0.00 
 0.00 
 2.22 
(3.87)
 9.10 
EWBC  1.14  0.18  0.13  0.19  1.11 
(1.29)
 2.98 
(2.04)
 8.17 
RGA  0.91  0.11  0.08  0.27  0.89 
(0.97)
 2.32 
(1.71)
 4.80 
COOP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
HLI  1.04 (0.18) 0.00 (0.12) 0.00 
 0.00 
 1.61 
(2.32)
 10.42 
BCH  1.20  0.41  0.19  0.76  1.59 
(1.31)
 2.72 
(2.69)
 8.66 

Erie Indemnity Competitive Analysis

The better you understand Erie Indemnity competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Erie Indemnity's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Erie Indemnity's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ERIE EG EQH FNF MET BNT EWBC RGA COOP HLI
 0.42 
 280.75 
Erie
 0.58 
 329.83 
Everest
 4.43 
 44.68 
Axa
 1.02 
 54.58 
Fidelity
 2.98 
 76.90 
MetLife
 4.54 
 44.57 
Brookfield
 0.09 
 114.73 
East
 1.28 
 202.53 
Reinsurance
 0.00 
 210.79 
COOP
 2.32 
 164.45 
Houlihan
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Out of control
Market Performance
(90 Days Performance)
Weakest
Soft
Weakest
Soft
Weakest
Weakest
Good
Fair
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
High
Low
Low
Low
Low
Low
Hazard
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Under Valued
Under Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Strong Buy
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Sell
Cautious Hold
Hold
Cautious Hold
Hold
Hold
Strong Buy
Buy
Not Rated
Not Rated
Current Ratio
1.17
N/A
2.58
1.14
1.11
N/A
N/A
1.0
3.65
0.92
Net Asset
2.89 B
56.34 B
295.87 B
95.37 B
677.46 B
139.95 B
75.98 B
118.67 B
18.94 B
3.82 B
Profit Margin
0.16
0.0312
-0.0553
0.0831
0.0534
0.0922
0.49
0.0389
0.25
0.17
EBITDA
766.34 M
1.64 B
3.2 B
2.69 B
7.37 B
1.78 B
2.03 B
1.33 B
989 M
597.59 M
Operating Margin
0.2
0.0773
-0.89
0.14
0.0701
0.34
0.66
0.0674
0.48
0.25
Current Valuation
14.32 B
15.89 B
7.11 B
16.31 B
68.71 B
4.14 B
14.29 B
14.21 B
23.77 B
11.17 B
Price To Book
6.41
0.9
164.14
1.77
1.8
0.71
1.77
1.01
2.65
5.11
Retained Earnings
3.16 B
15.31 B
10.65 B
5.98 B
42.63 B
2.05 B
7.31 B
9.26 B
4.97 B
1.39 B
Current Asset
635.15 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
508.29 M
Five Year Return
2.18
N/A
N/A
3.36
3.58
N/A
1.99
2.06
N/A
2.04
Beta
0.37
0.37
1.12
1.03
0.74
1.75
0.87
0.55
1.08
0.96
Number Of Employees
6.71 K
3.04 K
8 K
23.53 K
45 K
15
3.1 K
4.1 K
7.9 K
2.7 K
Shares Outstanding
46.19 M
41.98 M
286.53 M
271.34 M
658.89 M
59.93 M
137.58 M
65.71 M
63.99 M
54.33 M
Cash Flow From Operations
611.25 M
4.96 B
1.64 B
6.82 B
15.12 B
4.57 B
1.41 B
9.37 B
(724 M)
848.61 M
Annual Yield
0.0197
0.0243
0.0234
0.0377
0.0284
0.0051
0.028
0.0183
0.0095
0.0143
Total Debt
7.51 M
5.94 B
6.78 B
4.71 B
18.71 B
4.54 B
3.75 B
5.04 B
11.39 B
438.19 M
Return On Equity
0.3
0.036
-0.0769
0.14
0.13
0.095
0.16
0.072
0.12
0.2
Return On Asset
0.15
0.0075
3.0E-4
0.0116
0.0044
0.0102
0.0169
0.0074
0.0302
0.12
Number Of Shares Shorted
2.09 M
934.43 K
7.68 M
3.96 M
9.98 M
385.94 K
3.27 M
650.43 K
2.92 M
1.05 M
Book Value Per Share
44.16
366.07
-3.18
30.83
43.81
52.91
64.68
197.51
79.69
32.92
Current Liabilities
445.7 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
454.48 M
Total Asset
2.89 B
56.34 B
295.87 B
95.37 B
677.46 B
139.95 B
75.98 B
118.67 B
18.94 B
3.82 B
Debt To Equity
0.029
N/A
0.71
0.54
4.11
N/A
9.36
0.64
1.85
0.13
Short Ratio
12.77
2.49
3.41
3.37
2.98
28.97
4.13
1.5
3.88
2.44
Target Price
115.0
367.43
62.33
69.6
92.0
N/A
132.27
236.89
156.33
206.63
Last Dividend Paid
5.46
8.0
1.04
2.0
2.23
0.24
2.4
3.6
N/A
2.37
Shares Owned By Institutions
45.35
98.32
99.52
82.93
77.7
14.3
93.84
99.32
96.1
99.87
Market Capitalization
14.74 B
13.91 B
13.9 B
14.96 B
53.09 B
12.52 B
15.75 B
13.4 B
13.49 B
11.79 B
Price To Earning
46.37
N/A
3.79
7.13
28.61
N/A
15.81
22.44
4.11
23.98
Price To Earnings To Growth
3.05
-50.0
1.71
10.83
0.63
N/A
5.58
1.57
-1.95
6.54
Price To Sales
3.65
0.79
1.14
1.06
0.74
0.87
5.84
0.6
6.01
4.45
Net Income
600.31 M
1.37 B
1.31 B
1.39 B
4.43 B
1.25 B
1.17 B
717 M
669 M
399.71 M
Earnings Per Share
12.38
13.52
-2.69
4.27
5.31
4.0
9.51
13.2
8.92
6.51
Shares Owned By Insiders
45.47
1.42
0.48
5.66
16.42
22.84
0.94
0.23
1.93
0.13
Revenue
3.8 B
17.08 B
12.44 B
13.36 B
70.98 B
14.34 B
4.69 B
22.04 B
2.23 B
2.39 B
Working Capital
189.45 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(4.29 B)
429.54 M
Cash And Equivalents
147.47 M
N/A
6.96 B
3.48 B
20.07 B
N/A
3.69 B
3.33 B
576 M
971.01 M
Cash Per Share
2.82
N/A
15.03
12.63
41.28
N/A
26.16
42.2
4.02
7.11
Gross Profit
726.78 M
810 M
2.45 B
7.7 B
17.45 B
3.68 B
2.7 B
2.95 B
2.25 B
2.51 B
Day Typical Price
282.12
331.98
45.29
54.91
77.97
45.01
115.06
204.1
210.79
164.58
Accumulation Distribution
4647.11
6221.05
162689.0
29235.7
231640.0
1117.4
31500.13
8587.43
N/A
46046.51
Market Facilitation Index
0.0
0.0
0.0
0.0
0.0
1.0E-4
0.0
0.0
N/A
0.0
Daily Balance Of Power
(0.15)
(0.26)
(0.83)
(0.31)
(0.69)
(1.00)
0.0267
(0.46)
0.0
(0.41)
Period Momentum Indicator
(1.18)
(1.93)
(2.07)
(0.56)
(2.36)
(2.12)
0.1
(2.62)
N/A
(3.91)
Rate Of Daily Change
1.0
0.99
0.96
0.99
0.97
0.95
1.0
0.99
1.0
0.98
Day Median Price
282.8
333.05
45.6
55.07
78.5
45.24
115.23
204.89
210.79
164.64
Price Action Indicator
(2.64)
(4.19)
(1.96)
(0.77)
(2.78)
(1.72)
(0.44)
(3.66)
N/A
(2.15)
Relative Strength Index
48.82
52.02
42.59
51.67
47.36
43.43
56.49
56.22
59.27
35.51
Coefficient Of Variation
(7,569)
2128.7
75262.78
2382.04
32453.84
(6,111)
642.23
826.61
N/A
(1,235)
Mean Deviation
1.21
0.9604
1.2
1.2
1.13
1.28
1.14
0.9117
N/A
1.04
Jensen Alpha
(0.04)
0.0267
(0.07)
0.0141
(0.06)
(0.12)
0.1767
0.1114
N/A
(0.18)
Total Risk Alpha
(0.13)
(0.02)
(0.1)
(0.04)
(0.09)
(0.15)
0.1379
0.0634
N/A
(0.23)
Sortino Ratio
N/A
0.0032
(0.03)
0.0095
(0.03)
N/A
0.1303
0.0804
N/A
N/A
Downside Variance
N/A
1.7
2.82
2.25
2.13
N/A
2.0
1.23
N/A
N/A
Standard Deviation
1.61
1.22
1.55
1.6
1.47
1.87
1.52
1.18
N/A
1.55
Kurtosis
0.9773
(0.12)
0.5217
0.8843
0.5902
4.33
0.9691
(0.26)
N/A
4.65
Potential Upside
1.95
2.03
2.61
2.58
2.56
2.22
2.98
2.32
N/A
1.61
Treynor Ratio
(0.24)
0.0988
(0.01)
0.057
(0)
(0.02)
0.1939
0.2727
N/A
(0.12)
Maximum Drawdown
8.09
5.45
5.53
9.24
7.06
9.1
8.17
4.8
N/A
10.42
Variance
2.6
1.48
2.42
2.57
2.15
3.51
2.32
1.38
N/A
2.39
Market Risk Adjusted Performance
(0.23)
0.1088
0.0042
0.067
0.0057
(0.01)
0.2039
0.2827
N/A
(0.11)
Risk Adjusted Performance
(0)
0.0385
0.0063
0.0362
0.0073
(0.01)
0.1195
0.0926
N/A
(0.05)
Skewness
(0.67)
(0.19)
(0.40)
0.1089
(0.29)
(1.19)
0.2439
0.1057
N/A
(0.96)
Semi Deviation
N/A
1.23
1.65
1.45
1.44
N/A
1.11
0.8935
N/A
N/A
Information Ratio
(0.05)
0.0035
(0.03)
0.0089
(0.03)
(0.04)
0.1209
0.0759
N/A
(0.12)
Value At Risk
(2.87)
(2.24)
(2.40)
(2.27)
(2.98)
(3.87)
(2.04)
(1.71)
N/A
(2.32)
Expected Short fall
N/A
(0.94)
(1.18)
(1.33)
(1.25)
N/A
(1.29)
(0.97)
N/A
N/A
Downside Deviation
N/A
1.3
1.68
1.5
1.46
N/A
1.41
1.11
N/A
N/A
Semi Variance
N/A
1.51
2.72
2.11
2.07
N/A
1.22
0.7983
N/A
N/A

Erie Indemnity Competition Performance Charts

Five steps to successful analysis of Erie Indemnity Competition

Erie Indemnity's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Erie Indemnity in relation to its competition. Erie Indemnity's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Erie Indemnity in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Erie Indemnity's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Erie Indemnity, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Erie Indemnity position

In addition to having Erie Indemnity in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Sovereign ETFs Theme
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When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
How To Invest In Erie
Details
Is Erie Stock a good investment?
Details
What is Erie Indemnity's Net Worth?
Details
Top Sectors
View
Check out Erie Indemnity Correlation with its peers.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Will Stock sector continue expanding? Could Erie diversify its offerings? Factors like these will boost the valuation of Erie Indemnity. Projected growth potential of Erie fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Erie Indemnity data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Erie Indemnity's market price often diverges from its book value, the accounting figure shown on Erie's balance sheet. Smart investors calculate Erie Indemnity's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Erie Indemnity's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
It's important to distinguish between Erie Indemnity's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Erie Indemnity should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Erie Indemnity'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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