Selective Insurance Group Stock Market Value
| SIGI Stock | USD 80.55 2.06 2.62% |
| 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 (0.24) | Dividend Share 1.43 | Earnings Share 3.23 | Revenue Per Share | Quarterly Revenue Growth 0.131 |
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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Selective Insurance on January 27, 2025 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 Kemper, Argo Group, Global Indemnity, Horace Mann, ProAssurance, and CNA Financial. 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.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (2.27) | |||
| 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 | (0.1) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (1.10) |
Selective Insurance Backtested Returns
Selective Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18 % return per unit of risk over the last 3 months. Selective Insurance Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Selective Insurance's Risk Adjusted Performance of (0.1), variance of 4.1, and Coefficient Of Variation of (715.71) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Selective Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Selective Insurance is expected to be smaller as well. At this point, Selective Insurance has a negative expected return of -0.38%. Please make sure to validate Selective Insurance's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Selective Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Selective Insurance Group has good predictability. Overlapping area represents the amount of predictability between Selective Insurance time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. 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 0.61 indicates that roughly 61.0% of current Selective Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.58 |
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 |
| Timeline |
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 |
| Timeline |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.