Palomar Roic from 2010 to 2024
| PLMR Stock | USD 108.32 0.35 0.32% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.11 | Current Value 0.0731 | Quarterly Volatility 0.03799233 |
Check Palomar Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Palomar Holdings' main balance sheet or income statement drivers, such as Tax Provision of 24.2 M, Interest Income of 22.7 M or Depreciation And Amortization of 4.7 M, as well as many indicators such as Price To Sales Ratio of 3.48, Dividend Yield of 0.0038 or PTB Ratio of 4.73. Palomar financial statements analysis is a perfect complement when working with Palomar Holdings Valuation or Volatility modules.
Palomar | Roic |
Latest Palomar Holdings' Roic Growth Pattern
Below is the plot of the Roic of Palomar Holdings over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. Palomar Holdings' ROIC historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Palomar Holdings' overall financial position and show how it may be relating to other accounts over time.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
Palomar Roic Regression Statistics
| Arithmetic Mean | 0.09 | |
| Geometric Mean | 0.08 | |
| Coefficient Of Variation | 41.35 | |
| Mean Deviation | 0.02 | |
| Median | 0.09 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1689 | |
| R-Value | 0 | |
| Mean Square Error | 0 | |
| R-Squared | 0.000012 | |
| Significance | 0.99 | |
| Slope | 0.00003 | |
| Total Sum of Squares | 0.02 |
Palomar Roic History
About Palomar Holdings Financial Statements
Palomar Holdings shareholders use historical fundamental indicators, such as Roic, to determine how well the company is positioned to perform in the future. Although Palomar Holdings investors may analyze each financial statement separately, they are all interrelated. The changes in Palomar Holdings' assets and liabilities, for example, are also reflected in the revenues and expenses on on Palomar Holdings' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.11 | 0.07 |
Pair Trading with Palomar Holdings
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 Palomar Holdings 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 Palomar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Palomar Stock
The ability to find closely correlated positions to Palomar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palomar Holdings 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 Palomar Holdings - 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 Palomar Holdings to buy it.
The correlation of Palomar Holdings 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 Palomar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palomar Holdings 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 Palomar Holdings 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.Additional Tools for Palomar Stock Analysis
When running Palomar Holdings' price analysis, check to measure Palomar Holdings' 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 Palomar Holdings is operating at the current time. Most of Palomar Holdings' value examination focuses on studying past and present price action to predict the probability of Palomar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palomar Holdings' price. Additionally, you may evaluate how the addition of Palomar Holdings to your portfolios can decrease your overall portfolio volatility.