Hippo Net Debt vs Other Current Liab Analysis
| HIPO Stock | USD 32.06 3.30 11.47% |
Hippo Holdings financial indicator trend analysis is much more than just examining Hippo Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hippo Holdings is a good investment. Please check the relationship between Hippo Holdings Net Debt and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hippo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.
Net Debt vs Other Current Liab
Net Debt vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hippo Holdings Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hippo Holdings' Net Debt and Other Current Liab is 0.38. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Hippo Holdings, assuming nothing else is changed. The correlation between historical values of Hippo Holdings' Net Debt and Other Current 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 Net Debt of Hippo Holdings are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Hippo Holdings' Net Debt and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Liab
Most indicators from Hippo Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hippo Holdings 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 Hippo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.At this time, Hippo Holdings' Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Selling General Administrative is likely to drop about 64.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 91.2M | 119.7M | 209.7M | 111.5M | Total Revenue | 91.2M | 119.7M | 209.7M | 111.5M |
Hippo Holdings fundamental ratios Correlations
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Hippo Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hippo 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 Hippo 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 Hippo Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Hippo Stock
| 0.77 | AGO | Assured Guaranty | PairCorr |
| 0.74 | AXS | AXIS Capital Holdings | PairCorr |
| 0.88 | EIG | Employers Holdings | PairCorr |
Moving against Hippo Stock
| 0.83 | ESNT | Essent Group | PairCorr |
| 0.74 | NMIH | NMI Holdings | PairCorr |
| 0.66 | JRVR | James River Group | PairCorr |
| 0.65 | ACT | Enact Holdings | PairCorr |
| 0.48 | PPHI | Positive Physicians | PairCorr |
The ability to find closely correlated positions to Hippo 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 Hippo 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 Hippo 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 Hippo Holdings to buy it.
The correlation of Hippo 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 Hippo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hippo 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 Hippo 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hippo Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Insurance Brokers 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 Hippo Holdings. If investors know Hippo 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 Hippo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.17) | Revenue Per Share 13.671 | Quarterly Revenue Growth 0.655 | Return On Assets (0.05) | Return On Equity (0.31) |
The market value of Hippo Holdings is measured differently than its book value, which is the value of Hippo that is recorded on the company's balance sheet. Investors also form their own opinion of Hippo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hippo Holdings' 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 Hippo Holdings' market value can be influenced by many factors that don't directly affect Hippo Holdings' 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 Hippo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hippo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hippo Holdings' 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.