Selective Financial Statements From 2010 to 2024
| SIGIP Preferred Stock | USD 19.25 0.35 1.85% |
Check Selective Insurance financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Selective Insurance's main balance sheet or income statement drivers, such as , as well as many indicators such as . Selective financial statements analysis is a perfect complement when working with Selective Insurance Valuation or Volatility modules.
Selective |
Selective Insurance Group Company Price To Earning Analysis
Selective Insurance's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Selective Insurance Price To Earning | 2.45 X |
Most of Selective Insurance's fundamental indicators, such as Price To Earning, 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, Selective Insurance Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Selective Insurance Group has a Price To Earning of 2.45 times. This is 86.6% lower than that of the Financial Services sector and significantly higher than that of the Insurance—Property & Casualty industry. The price to earning for all United States preferred stocks is 91.47% higher than that of the company.
Selective Insurance Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Selective Insurance competition to find correlations between indicators driving Selective Insurance's intrinsic value. More Info.Selective Insurance Group is currently regarded as top stock in price to earning category among its peers. It also is currently regarded as top stock in beta category among its peers totaling about 0.26 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Selective Insurance Group is roughly 3.82 . 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.About Selective Insurance Financial Statements
Selective Insurance shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Selective Insurance investors may analyze each financial statement separately, they are all interrelated. The changes in Selective Insurance's assets and liabilities, for example, are also reflected in the revenues and expenses on on Selective Insurance's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey. Selective Insurance operates under InsuranceProperty Casualty classification in the United States and is traded on NASDAQ Exchange. It employs 2440 people.
Pair Trading with Selective Insurance
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.Moving against Selective Preferred Stock
| 0.51 | BOW | Bowhead Specialty | PairCorr |
| 0.5 | CNA | CNA Financial | PairCorr |
| 0.42 | L | Loews Corp | PairCorr |
| 0.39 | FACO | First Acceptance Corp | PairCorr |
| 0.36 | UVE | Universal Insurance | PairCorr |
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.Additional Tools for Selective Preferred Stock Analysis
When running Selective Insurance's price analysis, check to measure Selective Insurance's 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 Selective Insurance is operating at the current time. Most of Selective Insurance's value examination focuses on studying past and present price action to predict the probability of Selective Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Selective Insurance's price. Additionally, you may evaluate how the addition of Selective Insurance to your portfolios can decrease your overall portfolio volatility.