Selective Insurance Number Of Shares Shorted vs. EBITDA

SIGI Stock  USD 92.70  0.64  0.69%   
Based on the measurements of profitability obtained from Selective Insurance's financial statements, Selective Insurance Group is yielding more profit at the present time then in previous quarter. It has a moderate chance of reporting better profitability numbers in January. Profitability indicators assess Selective Insurance's ability to earn profits and add value for shareholders. The Selective Insurance's current Price To Sales Ratio is estimated to increase to 64.57. The Selective Insurance's current Days Sales Outstanding is estimated to increase to 83.00. As of now, Selective Insurance's Income Before Tax is increasing as compared to previous years. The Selective Insurance's current Net Income Per Share is estimated to increase to 6.13, while Accumulated Other Comprehensive Income is forecasted to increase to (354.4 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin1.070.9049
Fairly Up
Very volatile
Pretax Profit Margin4.764.5312
Sufficiently Up
Slightly volatile
For Selective Insurance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Selective Insurance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Selective Insurance Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Selective Insurance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Selective Insurance Group over time as well as its relative position and ranking within its peers.
  

Selective Insurance's Revenue Breakdown by Earning Segment

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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
3.72
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 EBITDA vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Selective Insurance's current stock value. Our valuation model uses many indicators to compare Selective Insurance value to that of its competitors to determine the firm's financial worth.
JavaScript chart by amCharts 3.21.15APDBENDOVCINFSIGI 01B2B3B4B5B6B7B 05M10M15M20M25M
Selective Insurance Group is currently regarded as top stock in number of shares shorted category among its peers. It also is currently regarded as top stock in ebitda category among its peers totaling about  354.93  of EBITDA per Number Of Shares Shorted. As of now, Selective Insurance's EBITDA is increasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Selective Insurance's earnings, one of the primary drivers of an investment's value.

Selective EBITDA vs. Number Of Shares Shorted

Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Selective Insurance

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
1.46 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Selective Insurance

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
517.25 M
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.

Selective EBITDA Comparison

517.3M6.5B796.8M1.4B100%
Selective Insurance is currently under evaluation in ebitda category among its peers.

Selective Insurance Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Selective Insurance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Selective Insurance will eventually generate negative long term returns. The profitability progress is the general direction of Selective Insurance's change in net profit over the period of time. It can combine multiple indicators of Selective Insurance, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-373 M-354.4 M
Operating Income474.5 M498.2 M
Net Income365.2 M383.5 M
Income Tax Expense93.2 M97.8 M
Income Before Tax458.4 M481.3 M
Total Other Income Expense Net-16.1 M-16.9 M
Net Income Applicable To Common Shares248 M143.9 M
Net Income From Continuing Ops326.9 M264 M
Interest Income38.7 M28.1 M
Net Interest Income-28.9 M-30.3 M
Change To Netincome108.4 M55.9 M
Net Income Per Share 5.84  6.13 
Income Quality 2.08  2.34 
Net Income Per E B T 0.80  0.61 

Selective Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Selective Insurance. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Selective Insurance position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Selective Insurance's important profitability drivers and their relationship over time.

Use Selective Insurance in pair-trading

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 Selective Insurance 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 Selective Insurance will appreciate offsetting losses from the drop in the long position's value.

Selective Insurance Pair Trading

Selective Insurance Group Pair Trading Analysis

The ability to find closely correlated positions to Selective Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Selective Insurance 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 Selective Insurance - 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 Selective Insurance Group to buy it.
The correlation of Selective Insurance 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 Selective Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Selective Insurance 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 Selective Insurance 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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Selective Insurance position

In addition to having Selective Insurance in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Emerging Markets Funds Thematic Idea Now

Emerging Markets Funds
Emerging Markets Funds Theme
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Funds Theme or any other thematic opportunities.
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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:
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You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
To fully project Selective Insurance's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Selective Insurance at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Selective Insurance's income statement, its balance sheet, and the statement of cash flows.
Potential Selective Insurance investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Selective Insurance investors may work on each financial statement separately, they are all related. The changes in Selective Insurance's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Selective Insurance's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.