Assurant Property Plant And Equipment Net vs Retained Earnings Analysis
| AIZN Stock | USD 21.34 0.12 0.57% |
Assurant financial indicator trend analysis is way more than just evaluating Assurant prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Assurant is a good investment. Please check the relationship between Assurant Property Plant And Equipment Net and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Assurant Stock, please use our How to Invest in Assurant guide.
Property Plant And Equipment Net vs Retained Earnings
Property Plant And Equipment Net vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Assurant Property Plant And Equipment Net account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Assurant's Property Plant And Equipment Net and Retained Earnings is 0.39. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Assurant, assuming nothing else is changed. The correlation between historical values of Assurant's Property Plant And Equipment Net and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Assurant are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant And Equipment Net i.e., Assurant's Property Plant And Equipment Net and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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.Most indicators from Assurant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Assurant 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Assurant Stock, please use our How to Invest in Assurant guide.At this time, Assurant's Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, while Selling General Administrative is likely to drop about 3.4 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.2B | 10.2B | 11.1B | 9.3B | Total Revenue | 10.2B | 10.2B | 11.1B | 9.3B |
Assurant fundamental ratios Correlations
Click cells to compare fundamentals
Assurant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Assurant fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 44.3B | 44.6B | 33.9B | 33.1B | 33.6B | 32.7B | |
| Total Stockholder Equity | 5.7B | 6.0B | 5.5B | 4.2B | 4.8B | 4.8B | |
| Other Assets | 13.3B | 10.4B | 6.6B | 19.0B | 250.3M | 237.8M | |
| Common Stock Shares Outstanding | 62.3M | 63.2M | 60.1M | 54.8M | 53.8M | 72.7M | |
| Liabilities And Stockholders Equity | 44.3B | 44.6B | 33.9B | 33.1B | 33.6B | 32.7B | |
| Total Liab | 38.6B | 38.7B | 28.4B | 28.9B | 28.8B | 27.9B | |
| Short Long Term Debt Total | 2.0B | 2.7B | 4.8B | 2.7B | 2.1B | 1.8B | |
| Other Current Liab | (4.0B) | (16.9B) | (4.5B) | (4.2B) | (2.4B) | (2.3B) | |
| Total Current Liabilities | 4.0B | 16.9B | 4.5B | 4.2B | 2.4B | 2.3B | |
| Property Plant And Equipment Net | 433.7M | 493.3M | 561.4M | 645.1M | 685.8M | 389.0M | |
| Net Debt | 139.8M | 24.3M | 161.7M | 593.2M | 453M | 475.7M | |
| Retained Earnings | 5.2B | 5.2B | 5.6B | 5.2B | 4.0B | 3.9B | |
| Accounts Payable | 4.0B | 16.9B | 4.5B | 4.2B | 2.4B | 3.5B | |
| Cash | 1.9B | 2.2B | 2.0B | 1.5B | 1.6B | 1.4B | |
| Non Current Assets Total | 6.8B | 8.4B | 11.6B | 3.9B | 22.6B | 23.7B | |
| Non Currrent Assets Other | (6.8B) | (8.4B) | (11.6B) | (6.3B) | 18.2B | 19.1B | |
| Cash And Short Term Investments | 14.6B | 16.0B | 9.5B | 8.0B | 8.5B | 8.2B | |
| Net Receivables | 9.6B | 9.8B | 6.2B | 7.0B | 2.3B | 2.2B | |
| Good Will | 2.3B | 2.6B | 2.6B | 2.6B | 2.6B | 1.4B | |
| Short Term Investments | 12.7B | 13.8B | 7.5B | 6.4B | 6.9B | 6.8B | |
| Non Current Liabilities Total | 2.0B | 2.3B | 2.2B | 4.2B | 28.8B | 30.3B | |
| Other Current Assets | (22.3B) | 4.1B | 3.9B | (4.6B) | 4.4B | 4.2B | |
| Total Current Assets | 24.2B | 25.9B | 15.7B | 10.2B | 10.8B | 10.3B | |
| Accumulated Other Comprehensive Income | 411.5M | 709.8M | (150M) | (986.2M) | (765M) | (726.8M) | |
| Intangible Assets | 2.0B | 1.2B | 583.4M | 262.8M | 567.1M | 825.4M | |
| Inventory | 22.3B | (4.1B) | (3.9B) | (155.5M) | (6.2B) | (5.9B) | |
| Long Term Debt | 2.0B | 2.2B | 2.6B | 2.5B | 2.9B | 2.1B | |
| Capital Surpluse | 4.5B | 2.0B | 1.7B | 1.6B | 1.5B | 2.4B | |
| Treasury Stock | (5.0B) | (5.3B) | (267.4M) | (122.8M) | (141.2M) | (148.3M) | |
| Property Plant Equipment | 503.2M | 560.3M | 561.4M | 645.1M | 741.9M | 527.0M |
Pair Trading with Assurant
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 Assurant 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 Assurant will appreciate offsetting losses from the drop in the long position's value.Moving against Assurant Stock
The ability to find closely correlated positions to Assurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assurant 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 Assurant - 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 Assurant to buy it.
The correlation of Assurant 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 Assurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assurant 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 Assurant 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Assurant Stock, please use our How to Invest in Assurant guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Multi-line 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 Assurant. If investors know Assurant 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 Assurant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.0746 |
The market value of Assurant is measured differently than its book value, which is the value of Assurant that is recorded on the company's balance sheet. Investors also form their own opinion of Assurant's value that differs from its market value or its book value, called intrinsic value, which is Assurant'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 Assurant's market value can be influenced by many factors that don't directly affect Assurant'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 Assurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Assurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Assurant'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.