Selective Insurance Group Stock Market Value
| SIGI Stock | USD 98.92 6.66 7.22% |
| Symbol | Selective |
Selective Insurance Price To Book Ratio
Is Property & Casualty Insurance 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 Selective Insurance. If investors know Selective 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 Selective Insurance 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 0.035 | Dividend Share 1.4 | Earnings Share 3.99 | Revenue Per Share 77.534 | Quarterly Revenue Growth 0.151 |
The market value of Selective Insurance is measured differently than its book value, which is the value of Selective that is recorded on the company's balance sheet. Investors also form their own opinion of Selective Insurance's value that differs from its market value or its book value, called intrinsic value, which is Selective Insurance'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 Selective Insurance's market value can be influenced by many factors that don't directly affect Selective Insurance'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 Selective Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Selective Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Selective Insurance'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.
Selective Insurance 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Selective Insurance's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Selective Insurance.
| 10/08/2024 |
| 11/07/2024 |
If you would invest 0.00 in Selective Insurance on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding Selective Insurance Group or generate 0.0% return on investment in Selective Insurance over 30 days. Selective Insurance is related to or competes with Donegal Group, Horace Mann, RLI Corp, Argo Group, Heritage Insurance, and Universal Insurance. Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United ... More
Selective Insurance Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Selective Insurance's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Selective Insurance Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 6.57 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.38 |
Selective Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selective Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selective Insurance's standard deviation. In reality, there are many statistical measures that can use Selective Insurance historical prices to predict the future Selective Insurance's volatility.| Risk Adjusted Performance | 0.1352 | |||
| Jensen Alpha | 0.0437 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | 0.2022 |
Selective Insurance Backtested Returns
Selective Insurance appears to be very steady, given 3 months investment horizon. Selective Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Selective Insurance Group, which you can use to evaluate the volatility of the company. Please review Selective Insurance's Semi Deviation of 1.09, risk adjusted performance of 0.1352, and Coefficient Of Variation of 604.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Selective Insurance holds a performance score of 12. The entity has a beta of 1.23, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Selective Insurance will likely underperform. Please check Selective Insurance's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Selective Insurance's existing price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
Selective Insurance Group has modest reverse predictability. Overlapping area represents the amount of predictability between Selective Insurance time series from 8th of October 2024 to 23rd of October 2024 and 23rd of October 2024 to 7th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Selective Insurance price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Selective Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 5.57 |
Selective Insurance lagged returns against current returns
Autocorrelation, which is Selective Insurance stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Selective Insurance's stock expected returns. We can calculate the autocorrelation of Selective Insurance returns to help us make a trade decision. For example, suppose you find that Selective Insurance has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Selective Insurance regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Selective Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selective Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Selective Insurance stock over time.
Current vs Lagged Prices |
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Selective Insurance Lagged Returns
When evaluating Selective Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selective Insurance stock have on its future price. Selective Insurance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Selective Insurance autocorrelation shows the relationship between Selective Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Selective Insurance Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Selective Insurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Selective Insurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Selective Insurance Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Selective Insurance Group Stock:Check out Selective Insurance Correlation, Selective Insurance Volatility and Selective Insurance Alpha and Beta module to complement your research on Selective Insurance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Selective Insurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.