Palomar Interest Income vs Operating Income Analysis

PLMR Stock

USD 109.03 0.71 0.66%

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

To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.

Interest Income vs Operating Income

Interest Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Interest Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Palomar Holdings' Interest Income and Operating Income is 0.95. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Palomar Holdings, assuming nothing else is changed. The correlation between historical values of Palomar Holdings' Interest Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Palomar Holdings are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Income i.e., Palomar Holdings' Interest Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Operating Income

Operating Income is the amount of profit realized from Palomar Holdings operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Palomar Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Palomar Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palomar 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 Palomar 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 population.

To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.As of 11/26/2024, Tax Provision is likely to grow to about 24.2 M, while Enterprise Value Over EBITDA is likely to drop 11.70.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	3.5M	4.1M	4.5M	4.7M
Interest Income	9.6M	14.4M	21.6M	22.7M

Depreciation And Amortization Interest Income

Palomar Holdings fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Long Term Debt Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total
Total Assets		-0.8	-0.46	0.89	0.91	0.71	0.67	0.96	0.0	0.45	0.72	0.86	0.45	0.9	-0.04	0.91	0.96	0.88	0.81	0.87	-0.88	0.69	0.58	-0.73	-0.78	0.34
Other Current Liab	-0.8		0.73	-0.84	-0.82	-0.94	-0.96	-0.86	0.38	-0.82	-0.95	-0.81	-0.82	-0.82	-0.21	-0.85	-0.69	-0.89	-0.36	-0.71	0.87	-0.8	-0.91	0.83	0.37	-0.74
Total Current Liabilities	-0.46	0.73		-0.45	-0.44	-0.53	-0.59	-0.52	0.13	-0.55	-0.54	-0.3	-0.57	-0.43	0.15	-0.55	-0.42	-0.52	-0.19	-0.27	0.45	-0.63	-0.6	0.33	0.15	-0.36
Total Stockholder Equity	0.89	-0.84	-0.45		1.0	0.84	0.75	0.94	-0.38	0.47	0.83	0.87	0.47	1.0	0.34	0.98	0.73	0.99	0.67	0.93	-0.94	0.56	0.63	-0.87	-0.71	0.62
Net Tangible Assets	0.91	-0.82	-0.44	1.0		0.81	0.72	0.95	-0.33	0.43	0.79	0.85	0.42	1.0	0.3	0.98	0.75	0.98	0.71	0.93	-0.93	0.55	0.59	-0.85	-0.75	0.57
Retained Earnings	0.71	-0.94	-0.53	0.84	0.81		0.97	0.81	-0.58	0.81	0.99	0.84	0.8	0.81	0.48	0.8	0.56	0.87	0.26	0.7	-0.89	0.66	0.9	-0.91	-0.34	0.88
Accounts Payable	0.67	-0.96	-0.59	0.75	0.72	0.97		0.75	-0.49	0.92	0.98	0.79	0.91	0.72	0.34	0.72	0.54	0.82	0.14	0.62	-0.81	0.78	0.97	-0.85	-0.19	0.84
Cash	0.96	-0.86	-0.52	0.94	0.95	0.81	0.75		-0.13	0.53	0.8	0.82	0.52	0.95	0.09	0.94	0.87	0.94	0.7	0.83	-0.92	0.71	0.67	-0.82	-0.74	0.47
Other Assets	0.0	0.38	0.13	-0.38	-0.33	-0.58	-0.49	-0.13		-0.32	-0.56	-0.37	-0.32	-0.32	-0.94	-0.33	0.24	-0.36	0.18	-0.3	0.4	0.14	-0.36	0.51	-0.06	-0.88
Long Term Debt	0.45	-0.82	-0.55	0.47	0.43	0.81	0.92	0.53	-0.32		0.84	0.58	1.0	0.45	0.13	0.43	0.39	0.58	-0.15	0.34	-0.58	0.84	0.97	-0.69	0.15	0.7
Net Receivables	0.72	-0.95	-0.54	0.83	0.79	0.99	0.98	0.8	-0.56	0.84		0.86	0.84	0.8	0.43	0.8	0.57	0.87	0.25	0.72	-0.89	0.7	0.92	-0.91	-0.3	0.87
Common Stock Shares Outstanding	0.86	-0.81	-0.3	0.87	0.85	0.84	0.79	0.82	-0.37	0.58	0.86		0.57	0.85	0.33	0.85	0.76	0.85	0.59	0.92	-0.91	0.55	0.68	-0.85	-0.55	0.65
Long Term Debt Total	0.45	-0.82	-0.57	0.47	0.42	0.8	0.91	0.52	-0.32	1.0	0.84	0.57		0.44	0.12	0.43	0.38	0.58	-0.15	0.33	-0.58	0.84	0.97	-0.69	0.16	0.69
Capital Surpluse	0.9	-0.82	-0.43	1.0	1.0	0.81	0.72	0.95	-0.32	0.45	0.8	0.85	0.44		0.29	0.98	0.75	0.98	0.69	0.94	-0.92	0.57	0.61	-0.86	-0.73	0.57
Other Current Assets	-0.04	-0.21	0.15	0.34	0.3	0.48	0.34	0.09	-0.94	0.13	0.43	0.33	0.12	0.29		0.27	-0.27	0.28	-0.12	0.3	-0.35	-0.3	0.19	-0.46	-0.05	0.78
Other Stockholder Equity	0.91	-0.85	-0.55	0.98	0.98	0.8	0.72	0.94	-0.33	0.43	0.8	0.85	0.43	0.98	0.27		0.77	0.96	0.74	0.92	-0.92	0.54	0.59	-0.8	-0.75	0.57
Total Liab	0.96	-0.69	-0.42	0.73	0.75	0.56	0.54	0.87	0.24	0.39	0.57	0.76	0.38	0.75	-0.27	0.77		0.72	0.8	0.74	-0.74	0.69	0.5	-0.56	-0.74	0.13
Long Term Investments	0.88	-0.89	-0.52	0.99	0.98	0.87	0.82	0.94	-0.36	0.58	0.87	0.85	0.58	0.98	0.28	0.96	0.72		0.59	0.9	-0.94	0.66	0.72	-0.9	-0.61	0.64
Total Current Assets	0.81	-0.36	-0.19	0.67	0.71	0.26	0.14	0.7	0.18	-0.15	0.25	0.59	-0.15	0.69	-0.12	0.74	0.8	0.59		0.74	-0.6	0.19	0.0	-0.35	-0.94	-0.06
Intangible Assets	0.87	-0.71	-0.27	0.93	0.93	0.7	0.62	0.83	-0.3	0.34	0.72	0.92	0.33	0.94	0.3	0.92	0.74	0.9	0.74		-0.87	0.44	0.49	-0.78	-0.7	0.51
Property Plant Equipment	-0.88	0.87	0.45	-0.94	-0.93	-0.89	-0.81	-0.92	0.4	-0.58	-0.89	-0.91	-0.58	-0.92	-0.35	-0.92	-0.74	-0.94	-0.6	-0.87		-0.59	-0.7	0.94	0.62	-0.67
Short Long Term Debt Total	0.69	-0.8	-0.63	0.56	0.55	0.66	0.78	0.71	0.14	0.84	0.7	0.55	0.84	0.57	-0.3	0.54	0.69	0.66	0.19	0.44	-0.59		0.86	-0.6	-0.15	0.33
Other Liab	0.58	-0.91	-0.6	0.63	0.59	0.9	0.97	0.67	-0.36	0.97	0.92	0.68	0.97	0.61	0.19	0.59	0.5	0.72	0.0	0.49	-0.7	0.86		-0.77	-0.03	0.75
Property Plant And Equipment Net	-0.73	0.83	0.33	-0.87	-0.85	-0.91	-0.85	-0.82	0.51	-0.69	-0.91	-0.85	-0.69	-0.86	-0.46	-0.8	-0.56	-0.9	-0.35	-0.78	0.94	-0.6	-0.77		0.41	-0.77
Net Debt	-0.78	0.37	0.15	-0.71	-0.75	-0.34	-0.19	-0.74	-0.06	0.15	-0.3	-0.55	0.16	-0.73	-0.05	-0.75	-0.74	-0.61	-0.94	-0.7	0.62	-0.15	-0.03	0.41		-0.04
Non Current Assets Total	0.34	-0.74	-0.36	0.62	0.57	0.88	0.84	0.47	-0.88	0.7	0.87	0.65	0.69	0.57	0.78	0.57	0.13	0.64	-0.06	0.51	-0.67	0.33	0.75	-0.77	-0.04

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Palomar Holdings Account Relationship Matchups

Palomar Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	395.5M	729.1M	925.7M	1.3B	655.2M	628.2M
Other Current Liab	(24.9M)	(43.0M)	(58.7M)	(200.7M)	(215.0M)	(204.2M)
Total Current Liabilities	24.9M	43.0M	58.7M	10.3M	16.4M	24.5M
Total Stockholder Equity	218.6M	363.7M	394.2M	384.8M	471.3M	285.3M
Net Tangible Assets	217.8M	352.2M	384.7M	376.5M	433.0M	247.8M
Retained Earnings	33.9M	40.0M	70.0M	87.7M	144.6M	151.9M
Accounts Payable	24.9M	43.0M	58.7M	164.3M	224.1M	235.3M
Cash	33.1M	33.5M	50.3M	68.1M	51.9M	36.7M
Other Assets	(149.4M)	(290.6M)	(278.5M)	696.2M	(857.1M)	(814.2M)
Net Receivables	53.5M	153.6M	245.3M	348.3M	538.8M	565.7M
Common Stock Shares Outstanding	21.8M	25.6M	26.1M	25.8M	25.3M	26.5M
Capital Surpluse	180.0M	310.5M	318.9M	333.6M	383.6M	211.9M
Other Current Assets	80.3M	131.6M	162.7M	(348.3M)	265.8M	279.1M
Other Stockholder Equity	180.0M	310.5M	318.9M	333.6M	350.6M	227.5M
Total Liab	176.9M	365.4M	531.6M	914.1M	183.9M	342.9M
Long Term Investments	239.5M	424.9M	465.9M	553.6M	689.6M	377.6M
Total Current Assets	303.8M	585.1M	728.3M	583.2M	48.9M	46.5M
Property Plant Equipment	845K	739K	527K	603K	542.7K	618.1K
Other Liab	2.0M	5.4M	3.9M	53.5M	61.6M	64.6M
Property Plant And Equipment Net	845K	739K	527K	603K	373K	555.5K
Net Debt	(33.1M)	(33.5M)	(48.1M)	(31.7M)	748K	785.4K
Non Current Assets Total	241.1M	434.6M	476.0M	19.5M	1.5B	1.5B
Non Currrent Assets Other	(4.6M)	(8.6M)	(15.2M)	(553.6M)	(702.3M)	(667.2M)
Cash And Short Term Investments	250.3M	431.5M	483.0M	583.2M	51.5M	49.0M
Short Term Investments	217.2M	398.0M	432.7M	515.1M	(306K)	(290.7K)
Liabilities And Stockholders Equity	395.5M	729.1M	925.7M	1.3B	1.7B	860.6M
Non Current Liabilities Total	2.0M	5.4M	3.9M	911.4M	167.5M	177.0M
Net Invested Capital	218.6M	363.7M	394.2M	421.2M	523.9M	334.3M
Accumulated Other Comprehensive Income	4.7M	13.2M	5.3M	(36.5M)	(24.0M)	(22.8M)

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

0.79	L	Loews Corp	Pair Corr
0.87	AFG	American Financial	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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