Radian Reconciled Depreciation vs Operating Income Analysis
| RDN Stock | USD 35.54 0.35 0.99% |
Radian financial indicator trend analysis is much more than just breaking down Radian Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Radian Group is a good investment. Please check the relationship between Radian Reconciled Depreciation and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Reconciled Depreciation vs Operating Income
Reconciled Depreciation vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Radian Group Reconciled Depreciation account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Radian's Reconciled Depreciation and Operating Income is -0.58. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of Radian Group, assuming nothing else is changed. The correlation between historical values of Radian's Reconciled Depreciation 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 Reconciled Depreciation of Radian Group 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 Reconciled Depreciation i.e., Radian's Reconciled Depreciation and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Reconciled Depreciation
Operating Income
Operating Income is the amount of profit realized from Radian Group 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 Radian Group 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 Radian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Radian Group 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 Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Radian's Discontinued Operations is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 176 M, while Selling General Administrative is likely to drop about 251.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 84.3M | 84.5M | 76.0M | 59.3M | Tax Provision | 164.2M | 209.8M | 168.2M | 176.0M |
Radian fundamental ratios Correlations
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Radian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Radian fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.8B | 7.9B | 7.8B | 7.1B | 7.6B | 5.7B | |
| Total Stockholder Equity | 4.0B | 4.3B | 4.3B | 3.9B | 4.4B | 2.4B | |
| Retained Earnings | 2.4B | 2.7B | 3.2B | 3.8B | 4.2B | 4.5B | |
| Other Assets | 871.7M | 778.6M | 892.1M | 1.1B | (1.9B) | (2.0B) | |
| Common Stock Shares Outstanding | 210.3M | 196.6M | 190.3M | 170.7M | 160.1M | 134.8M | |
| Liabilities And Stockholders Equity | 6.8B | 7.9B | 7.8B | 7.1B | 7.6B | 5.7B | |
| Other Stockholder Equity | 1.5B | 1.3B | 957.6M | 589.0M | 484.7M | 460.5M | |
| Total Liab | 1.0B | 1.8B | 1.9B | 3.1B | 3.2B | 3.1B | |
| Net Debt | 929.3M | 1.5B | 1.4B | 1.5B | 1.5B | 1.6B | |
| Cash | 92.7M | 87.9M | 151.1M | 56.2M | 19.0M | 18.0M | |
| Non Current Assets Total | 5.8B | 6.9B | 6.6B | 86.3M | 7.6B | 7.2B | |
| Non Currrent Assets Other | (5.8B) | (6.9B) | (6.6B) | (5.7B) | 7.2B | 7.6B | |
| Cash And Short Term Investments | 92.7M | 87.9M | 151.1M | 56.2M | 19.0M | 18.0M | |
| Common Stock Total Equity | 219K | 210K | 194K | 176K | 202.4K | 146.1K | |
| Short Term Investments | 5.2B | 6.3B | 6.1B | 5.4B | 780.0M | 741.0M | |
| Non Current Liabilities Total | 1.0B | 1.8B | 1.9B | 2.5B | 2.6B | 2.7B | |
| Total Current Assets | 186.4M | 282.4M | 343.1M | 5.9B | 1.9B | 1.8B | |
| Accumulated Other Comprehensive Income | 110.5M | 263.7M | 120.1M | (456.8M) | (330.9M) | (314.3M) | |
| Common Stock | 219K | 210K | 194K | 176K | 173K | 147.6K | |
| Net Receivables | 93.6M | 194.5M | 191.9M | 145.5M | 149.8M | 103.3M | |
| Other Current Liab | 387.8M | 775.2M | 760.7M | 401.2M | (151.6M) | (144.0M) | |
| Total Current Liabilities | 758.6M | 1.1B | 1.1B | 596.4M | 495.8M | 471.0M | |
| Other Liab | 292.3M | 1.4B | 1.5B | 664.1M | 763.7M | 1.2B | |
| Accounts Payable | 291.8M | 278.6M | 228.1M | 152.1M | 130.6M | 244.5M | |
| Treasury Stock | (901.7M) | (910.1M) | (920.8M) | (930.6M) | (837.6M) | (879.5M) | |
| Short Long Term Debt Total | 1.3B | 1.7B | 1.7B | 1.7B | 1.5B | 1.3B | |
| Long Term Debt | 1.2B | 1.7B | 1.6B | 1.6B | 1.5B | 1.2B | |
| Intangible Assets | 76.7M | 13.2M | 9.8M | 5.5M | 71.3M | 49.3M | |
| Inventory | (901.9M) | (993.9M) | (1.0B) | 4.3B | (6.0B) | (5.7B) | |
| Other Current Assets | 901.9M | 993.9M | 1.0B | 1.3B | 1.7B | 1.6B | |
| Property Plant And Equipment Net | 67.4M | 80.5M | 75.1M | 71.0M | 80.1M | 50.8M | |
| Property Plant And Equipment Gross | 87.0M | 37.1M | 67.4M | 113.4M | 130.5M | 137.0M | |
| Property Plant Equipment | 67.4M | 80.5M | 75.1M | 71.0M | 81.6M | 46.3M | |
| Net Tangible Assets | 4.0B | 4.3B | 4.2B | 3.9B | 4.5B | 3.0B | |
| Retained Earnings Total Equity | 2.4B | 2.7B | 3.2B | 3.8B | 4.4B | 4.6B | |
| Long Term Debt Total | 1.2B | 1.7B | 1.6B | 1.6B | 1.8B | 1.4B | |
| Capital Surpluse | 2.4B | 2.2B | 1.9B | 1.5B | 1.4B | 1.9B | |
| Long Term Investments | 5.7B | 6.8B | 6.5B | 5.7B | 6.0B | 5.8B |
Pair Trading with Radian
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 Radian 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 Radian will appreciate offsetting losses from the drop in the long position's value.Moving together with Radian Stock
Moving against Radian Stock
The ability to find closely correlated positions to Radian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radian 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 Radian - 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 Radian Group to buy it.
The correlation of Radian 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 Radian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radian Group 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 Radian 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Commercial & Residential Mortgage Finance 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 Radian. If investors know Radian 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 Radian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.01 | Dividend Share 0.96 | Earnings Share 3.86 | Revenue Per Share 8.473 | Quarterly Revenue Growth 0.068 |
The market value of Radian Group is measured differently than its book value, which is the value of Radian that is recorded on the company's balance sheet. Investors also form their own opinion of Radian's value that differs from its market value or its book value, called intrinsic value, which is Radian'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 Radian's market value can be influenced by many factors that don't directly affect Radian'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 Radian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Radian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radian'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.