| SAFT Stock | | | USD 85.89 1.03 1.21% |
Safety Insurance financial indicator trend analysis is much more than just breaking down Safety Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Insurance is a good investment. Please check the relationship between Safety Insurance Roe and its Price To Sales Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Roe vs Price To Sales Ratio
Roe vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Safety Insurance Roe account and
Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Safety Insurance's Roe and Price To Sales Ratio is 0.37. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Safety Insurance Group, assuming nothing else is changed. The correlation between historical values of Safety Insurance's Roe and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Safety Insurance Group are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Roe i.e., Safety Insurance's Roe and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Roe
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Safety Insurance stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Safety Insurance sales, a figure that is much harder to manipulate than other Safety Insurance Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Safety Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Insurance current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Safety Insurance's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 37.52 in 2024, whereas
Tax Provision is likely to drop slightly above 8.7
M in 2024.
Safety Insurance fundamental ratios Correlations
Click cells to compare fundamentals
Safety Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Safety Insurance fundamental ratios Accounts
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Additional Tools for Safety Stock Analysis
When running Safety Insurance's price analysis, check to
measure Safety 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 Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to
predict the probability of Safety 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 Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.