Palomar Holdings Stock Debt To Equity
| PLMR Stock | USD 116.84 2.06 1.73% |
Fundamental analysis of Palomar Holdings allows traders to better anticipate movements in Palomar Holdings' stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Palomar Holdings Company Debt To Equity Analysis
Palomar Holdings' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Palomar Holdings Debt To Equity | 0.06 % |
Most of Palomar Holdings' fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Palomar Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
| Competition |
According to the company disclosure, Palomar Holdings has a Debt To Equity of 0.06%. This is 99.82% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The debt to equity for all United States stocks is 99.88% higher than that of the company.
Palomar Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Palomar Holdings' direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Palomar Holdings could also be used in its relative valuation, which is a method of valuing Palomar Holdings by comparing valuation metrics of similar companies.Palomar Holdings is currently under evaluation in debt to equity category among its peers.
Palomar Fundamentals
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.0509 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 3.1 B | ||||
| Shares Outstanding | 26.78 M | ||||
| Shares Owned By Insiders | 2.45 % | ||||
| Shares Owned By Institutions | 94.36 % | ||||
| Number Of Shares Shorted | 408.72 K | ||||
| Price To Earning | 253.33 X | ||||
| Price To Book | 3.75 X | ||||
| Price To Sales | 4.67 X | ||||
| Revenue | 553.86 M | ||||
| Gross Profit | 216.39 M | ||||
| EBITDA | 157.44 M | ||||
| Net Income | 117.57 M | ||||
| Cash And Equivalents | 36.47 M | ||||
| Cash Per Share | 1.45 X | ||||
| Total Debt | 1.53 B | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 31.64 X | ||||
| Cash Flow From Operations | 261.16 M | ||||
| Short Ratio | 0.98 X | ||||
| Earnings Per Share | 5.70 X | ||||
| Price To Earnings To Growth | 0.25 X | ||||
| Target Price | 165.33 | ||||
| Number Of Employees | 253 | ||||
| Beta | 0.34 | ||||
| Market Capitalization | 3.18 B | ||||
| Total Asset | 2.26 B | ||||
| Retained Earnings | 262.22 M | ||||
| Net Asset | 2.26 B |
About Palomar Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Palomar Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Palomar Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Palomar Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against Palomar Stock
| 0.85 | MCY | Mercury General | PairCorr |
| 0.81 | PRA | ProAssurance | PairCorr |
| 0.68 | STC | Stewart Information | PairCorr |
| 0.6 | L | Loews Corp | PairCorr |
| 0.59 | ALL | Allstate | PairCorr |
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.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.