Selective Insurance Group Stock Probability of Future Stock Price Finishing Under 100.58

SIGI Stock  USD 96.23  1.18  1.21%   
Selective Insurance's implied volatility is one of the determining factors in the pricing options written on Selective Insurance Group. Implied volatility approximates the future value of Selective Insurance based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Selective Insurance Group over a specific time period. For example, SIGI Option Call 20-12-2024 95 is a CALL option contract on Selective Insurance's common stock with a strick price of 95.0 expiring on 2024-12-20. The contract was last traded on 2024-10-21 at 14:00:15 for $6.6 and, as of today, has 9 days remaining before the expiration. The option is currently trading at a bid price of $1.5, and an ask price of $6.4. The implied volatility as of the 11th of December 2024 is 9.0. View All Selective options

Closest to current price Selective long CALL Option Payoff at Expiration

Selective Insurance's future price is the expected price of Selective Insurance instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Selective Insurance Group performance during a given time horizon utilizing its historical volatility. Check out Selective Insurance Backtesting, Selective Insurance Valuation, Selective Insurance Correlation, Selective Insurance Hype Analysis, Selective Insurance Volatility, Selective Insurance History as well as Selective Insurance Performance.
  
As of now, Selective Insurance's Price To Book Ratio is increasing as compared to previous years. The Selective Insurance's current Price Sales Ratio is estimated to increase to 64.57, while Price Earnings Ratio is projected to decrease to 10.46. Please specify Selective Insurance's target price for which you would like Selective Insurance odds to be computed.

Selective Insurance Target Price Odds to finish below 100.58

The tendency of Selective Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under $ 100.58  after 90 days
 96.23 90 days 100.58 
more than 94.0
Based on a normal probability distribution, the odds of Selective Insurance to stay under $ 100.58  after 90 days from now is more than 94.0 (This Selective Insurance Group probability density function shows the probability of Selective Stock to fall within a particular range of prices over 90 days) . Probability of Selective Insurance price to stay between its current price of $ 96.23  and $ 100.58  at the end of the 90-day period is about 27.55 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.52 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Selective Insurance will likely underperform. Additionally Selective Insurance Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Selective Insurance Price Density   
       Price  

Predictive Modules for Selective Insurance

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Selective Insurance. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
94.6196.2397.85
Details
Intrinsic
Valuation
LowRealHigh
86.6199.45101.07
Details
Naive
Forecast
LowNextHigh
91.4993.1194.73
Details
8 Analysts
Consensus
LowTargetHigh
93.58102.83114.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Selective Insurance. Your research has to be compared to or analyzed against Selective Insurance's peers to derive any actionable benefits. When done correctly, Selective Insurance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Selective Insurance.

Selective Insurance Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Selective Insurance is not an exception. The market had few large corrections towards the Selective Insurance's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Selective Insurance Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Selective Insurance within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.06
β
Beta against Dow Jones1.52
σ
Overall volatility
3.89
Ir
Information ratio 0

Selective Insurance Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Selective Insurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Selective Insurance can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Selective Insurance Group currently holds 503.95 M in liabilities with Debt to Equity (D/E) ratio of 0.19, which may suggest the company is not taking enough advantage from borrowing. Selective Insurance has a current ratio of 0.32, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Selective Insurance's use of debt, we should always consider it together with its cash and equity.
Over 86.0% of Selective Insurance shares are owned by institutional investors
On 2nd of December 2024 Selective Insurance paid $ 0.38 per share dividend to its current shareholders
Latest headline from investing.com: Morgan Stanley initiates Equalweight rating on Selective Insurance stock, cautious on reserves

Selective Insurance Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Selective Stock often depends not only on the future outlook of the current and potential Selective Insurance's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Selective Insurance's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding61 M
Cash And Short Term Investments180 K

Selective Insurance Technical Analysis

Selective Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. Selective Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Selective Insurance Group. In general, you should focus on analyzing Selective Stock price patterns and their correlations with different microeconomic environments and drivers.

Selective Insurance Predictive Forecast Models

Selective Insurance's time-series forecasting models is one of many Selective Insurance's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Selective Insurance's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Selective Insurance

Checking the ongoing alerts about Selective Insurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Selective Insurance help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Selective Insurance Group currently holds 503.95 M in liabilities with Debt to Equity (D/E) ratio of 0.19, which may suggest the company is not taking enough advantage from borrowing. Selective Insurance has a current ratio of 0.32, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Selective Insurance's use of debt, we should always consider it together with its cash and equity.
Over 86.0% of Selective Insurance shares are owned by institutional investors
On 2nd of December 2024 Selective Insurance paid $ 0.38 per share dividend to its current shareholders
Latest headline from investing.com: Morgan Stanley initiates Equalweight rating on Selective Insurance stock, cautious on reserves
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:
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.