Phoenix Retained Earnings vs Short Term Investments Analysis

PHNX Stock

514.00 2.50 0.48%

Phoenix Group financial indicator trend analysis is much more than just breaking down Phoenix Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Group Holdings is a good investment. Please check the relationship between Phoenix Group Retained Earnings and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Group 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 board of governors.

Retained Earnings vs Short Term Investments

Retained Earnings vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phoenix Group Holdings Retained Earnings account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Phoenix Group's Retained Earnings and Short Term Investments is 0.86. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Phoenix Group Holdings, assuming nothing else is changed. The correlation between historical values of Phoenix Group's Retained Earnings and Short Term Investments 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 Phoenix Group Holdings are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., Phoenix Group's Retained Earnings and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Phoenix Group balance sheet. It contains any investments Phoenix Group Holdings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Phoenix Group Holdings can easily liquidate in the marketplace.

Most indicators from Phoenix Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Group 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 board of governors.

Discontinued Operations is likely to gain to about 111.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 949 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	644M	526M	324M	427.9M
Interest Income	7.0B	8.3B	4.8B	5.3B

Reconciled Depreciation Interest Income

Phoenix Group fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Good Will	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Intangible Assets	Property Plant Equipment
Total Assets		0.81	0.91	-0.27	0.73	0.47	-0.34	0.02	0.86	1.0	0.76	0.65	0.28	0.29	0.93	0.27	0.81	0.51	-0.05	0.5	-0.58	0.85	-0.24	0.79	-0.43	0.84
Total Stockholder Equity	0.81		0.73	0.01	0.87	0.19	-0.44	0.01	0.93	0.81	0.4	0.4	-0.07	-0.06	0.69	-0.08	0.51	0.18	0.33	0.22	-0.42	0.59	-0.17	0.46	-0.39	0.55
Other Liab	0.91	0.73		-0.22	0.57	0.4	-0.42	0.39	0.83	0.91	0.82	0.61	0.56	0.57	0.85	0.55	0.88	0.73	-0.18	0.49	-0.72	0.92	-0.12	0.91	-0.44	0.94
Net Debt	-0.27	0.01	-0.22		-0.15	-0.97	-0.7	-0.08	-0.04	-0.27	-0.66	-0.52	-0.11	-0.13	-0.32	-0.11	-0.45	-0.08	0.55	-0.46	-0.29	-0.36	0.4	-0.31	0.29	-0.31
Retained Earnings	0.73	0.87	0.57	-0.15		0.32	-0.35	-0.22	0.86	0.73	0.44	0.51	-0.3	-0.28	0.76	-0.31	0.54	0.01	0.06	0.36	-0.31	0.6	-0.62	0.4	-0.68	0.5
Cash	0.47	0.19	0.4	-0.97	0.32		0.57	0.05	0.23	0.48	0.77	0.6	0.13	0.15	0.49	0.13	0.56	0.17	-0.49	0.52	0.13	0.5	-0.44	0.44	-0.39	0.45
Cash And Short Term Investments	-0.34	-0.44	-0.42	-0.7	-0.35	0.57		-0.14	-0.54	-0.34	-0.02	-0.13	-0.21	-0.21	-0.38	-0.2	-0.3	-0.4	-0.15	-0.12	0.77	-0.39	-0.01	-0.38	0.24	-0.4
Common Stock Shares Outstanding	0.02	0.01	0.39	-0.08	-0.22	0.05	-0.14		0.08	0.02	0.35	0.09	0.71	0.71	0.03	0.71	0.39	0.57	-0.32	0.09	-0.36	0.37	0.24	0.45	-0.06	0.43
Short Term Investments	0.86	0.93	0.83	-0.04	0.86	0.23	-0.54	0.08		0.86	0.54	0.56	0.1	0.11	0.83	0.1	0.7	0.35	0.08	0.42	-0.51	0.76	-0.27	0.63	-0.51	0.73
Total Liab	1.0	0.81	0.91	-0.27	0.73	0.48	-0.34	0.02	0.86		0.76	0.66	0.28	0.29	0.93	0.27	0.81	0.52	-0.05	0.5	-0.58	0.85	-0.24	0.8	-0.43	0.84
Total Current Assets	0.76	0.4	0.82	-0.66	0.44	0.77	-0.02	0.35	0.54	0.76		0.77	0.51	0.53	0.81	0.5	0.92	0.67	-0.55	0.67	-0.51	0.9	-0.4	0.91	-0.57	0.88
Short Long Term Debt Total	0.65	0.4	0.61	-0.52	0.51	0.6	-0.13	0.09	0.56	0.66	0.77		0.2	0.24	0.77	0.2	0.79	0.31	-0.43	0.91	-0.31	0.73	-0.39	0.7	-0.38	0.71
Other Current Liab	0.28	-0.07	0.56	-0.11	-0.3	0.13	-0.21	0.71	0.1	0.28	0.51	0.2		1.0	0.25	1.0	0.56	0.81	-0.46	0.24	-0.54	0.54	0.31	0.65	0.01	0.62
Total Current Liabilities	0.29	-0.06	0.57	-0.13	-0.28	0.15	-0.21	0.71	0.11	0.29	0.53	0.24	1.0		0.27	1.0	0.58	0.82	-0.49	0.27	-0.54	0.56	0.29	0.67	0.0	0.64
Property Plant And Equipment Net	0.93	0.69	0.85	-0.32	0.76	0.49	-0.38	0.03	0.83	0.93	0.81	0.77	0.25	0.27		0.23	0.89	0.51	-0.28	0.63	-0.59	0.92	-0.47	0.85	-0.61	0.9
Accounts Payable	0.27	-0.08	0.55	-0.11	-0.31	0.13	-0.2	0.71	0.1	0.27	0.5	0.2	1.0	1.0	0.23		0.55	0.81	-0.47	0.24	-0.52	0.53	0.32	0.64	0.02	0.61
Non Current Assets Total	0.81	0.51	0.88	-0.45	0.54	0.56	-0.3	0.39	0.7	0.81	0.92	0.79	0.56	0.58	0.89	0.55		0.66	-0.57	0.7	-0.6	0.98	-0.4	0.94	-0.6	0.97
Non Currrent Assets Other	0.51	0.18	0.73	-0.08	0.01	0.17	-0.4	0.57	0.35	0.52	0.67	0.31	0.81	0.82	0.51	0.81	0.66		-0.34	0.3	-0.79	0.7	0.07	0.83	-0.27	0.77
Other Assets	-0.05	0.33	-0.18	0.55	0.06	-0.49	-0.15	-0.32	0.08	-0.05	-0.55	-0.43	-0.46	-0.49	-0.28	-0.47	-0.57	-0.34		-0.5	0.12	-0.47	0.54	-0.44	0.52	-0.43
Long Term Debt	0.5	0.22	0.49	-0.46	0.36	0.52	-0.12	0.09	0.42	0.5	0.67	0.91	0.24	0.27	0.63	0.24	0.7	0.3	-0.5		-0.31	0.63	-0.39	0.61	-0.32	0.61
Good Will	-0.58	-0.42	-0.72	-0.29	-0.31	0.13	0.77	-0.36	-0.51	-0.58	-0.51	-0.31	-0.54	-0.54	-0.59	-0.52	-0.6	-0.79	0.12	-0.31		-0.69	0.09	-0.76	0.41	-0.7
Non Current Liabilities Total	0.85	0.59	0.92	-0.36	0.6	0.5	-0.39	0.37	0.76	0.85	0.9	0.73	0.54	0.56	0.92	0.53	0.98	0.7	-0.47	0.63	-0.69		-0.41	0.95	-0.65	0.98
Other Stockholder Equity	-0.24	-0.17	-0.12	0.4	-0.62	-0.44	-0.01	0.24	-0.27	-0.24	-0.4	-0.39	0.31	0.29	-0.47	0.32	-0.4	0.07	0.54	-0.39	0.09	-0.41		-0.23	0.88	-0.26
Property Plant And Equipment Gross	0.79	0.46	0.91	-0.31	0.4	0.44	-0.38	0.45	0.63	0.8	0.91	0.7	0.65	0.67	0.85	0.64	0.94	0.83	-0.44	0.61	-0.76	0.95	-0.23		-0.49	0.98
Intangible Assets	-0.43	-0.39	-0.44	0.29	-0.68	-0.39	0.24	-0.06	-0.51	-0.43	-0.57	-0.38	0.01	0.0	-0.61	0.02	-0.6	-0.27	0.52	-0.32	0.41	-0.65	0.88	-0.49		-0.52
Property Plant Equipment	0.84	0.55	0.94	-0.31	0.5	0.45	-0.4	0.43	0.73	0.84	0.88	0.71	0.62	0.64	0.9	0.61	0.97	0.77	-0.43	0.61	-0.7	0.98	-0.26	0.98	-0.52

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Phoenix Group Account Relationship Matchups

Phoenix Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	235.4B	324.8B	325.2B	279.0B	299.3B	165.5B
Total Stockholder Equity	4.8B	7.0B	5.8B	4.2B	2.5B	3.4B
Other Liab	89.2B	124.5B	124.3B	110.8B	127.4B	133.7B
Net Debt	(1.8B)	(5.9B)	(4.3B)	(4.3B)	(3.3B)	(3.5B)
Retained Earnings	4.7B	6.8B	5.6B	3.9B	469M	445.6M
Cash	4.5B	11.0B	9.1B	8.9B	7.2B	6.0B
Cash And Short Term Investments	265M	414M	405M	242M	174M	165.3M
Short Term Investments	4.5B	6.9B	4.6B	4.1B	2.8B	3.1B
Liabilities And Stockholders Equity	235.4B	324.8B	325.2B	279.0B	299.3B	163.7B
Total Liab	230.3B	317.4B	318.9B	274.3B	295.8B	161.5B
Total Current Assets	10.6B	20.3B	26.3B	25.7B	22.9B	24.1B
Short Long Term Debt Total	2.7B	5.1B	4.8B	4.6B	3.9B	3.5B
Other Current Liab	811M	(2.2B)	13.0B	(700M)	165.7B	174.0B
Total Current Liabilities	2.4B	3.9B	15.5B	6.1B	165.8B	174.1B
Property Plant And Equipment Net	109M	119M	130M	125M	106M	63.4M
Accounts Payable	1.6B	1.8B	2.0B	561M	116.6B	122.5B
Non Current Assets Total	224.8B	304.5B	299.0B	253.3B	299.1B	314.1B
Non Currrent Assets Other	5.4B	6.9B	16.9B	177.1B	217.6B	228.5B
Other Assets	24.6B	29.4B	37.3B	32.4B	(22.7B)	(21.6B)
Long Term Debt	2.1B	4.6B	4.2B	4.0B	3.8B	3.3B
Non Current Liabilities Total	227.8B	313.5B	303.4B	268.3B	293.8B	308.5B
Other Stockholder Equity	(5M)	(2M)	(6M)	(3M)	1.8B	1.9B
Property Plant And Equipment Gross	109M	119M	184M	195M	199M	209.0M
Accumulated Other Comprehensive Income	67M	150M	127M	153M	107M	89.2M
Intangible Assets	328M	228M	242M	221M	2.0B	1.3B
Property Plant Equipment	109M	119M	130M	125M	143.8M	150.9M
Net Tangible Assets	5.0B	7.3B	6.1B	4.4B	5.1B	4.4B
Net Receivables	775M	1.3B	1.2B	155M	178.3M	169.3M
Other Current Assets	10.6B	20.3B	26.3B	29.6B	22.9B	14.7B
Long Term Investments	209.5B	288.6B	489.5B	239.6B	263.0B	197.4B
Short Term Debt	23M	333M	477M	73M	99M	94.1M
Current Deferred Revenue	968M	69M	19M	105M	34M	35.7M
Capital Surpluse	1.4B	3.1B	2M	4M	3.6M	3.4M
Net Invested Capital	7.4B	12.1B	10.5B	8.6B	6.8B	9.2B

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Phoenix Retained Earnings vs Short Term Investments Analysis

Retained Earnings vs Short Term Investments

Retained Earnings vs Short Term Investments Correlation Analysis

Correlation Coefficient

Retained Earnings

Short Term Investments

Phoenix Group fundamental ratios Correlations

Phoenix Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phoenix Group fundamental ratios Accounts

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Additional Tools for Phoenix Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 0.98	Non Current Assets Total
Property Plant Equipment	+ 0.98	Non Current Liabilities Total

Cash	- 0.97	Net Debt
Good Will	- 0.79	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.76	Good Will
Good Will	- 0.72	Other Liab
Property Plant Equipment	- 0.7	Good Will
Cash And Short Term Investments	- 0.7	Net Debt