Selective Cash Flows Other Operating vs Depreciation Analysis

SIGI Stock  USD 99.80  1.15  1.17%   
Selective Insurance financial indicator trend analysis is much more than just breaking down Selective Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Selective Insurance is a good investment. Please check the relationship between Selective Insurance Cash Flows Other Operating and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective 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 price.

Cash Flows Other Operating vs Depreciation

Cash Flows Other Operating vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Selective Insurance Cash Flows Other Operating account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Selective Insurance's Cash Flows Other Operating and Depreciation is -0.22. Overlapping area represents the amount of variation of Cash Flows Other Operating that can explain the historical movement of Depreciation in the same time period over historical financial statements of Selective Insurance Group, assuming nothing else is changed. The correlation between historical values of Selective Insurance's Cash Flows Other Operating and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Flows Other Operating of Selective Insurance Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Cash Flows Other Operating i.e., Selective Insurance's Cash Flows Other Operating and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash Flows Other Operating

Depreciation

Depreciation indicates how much of Selective Insurance value has been used up. For tax purposes Selective Insurance can deduct the cost of the tangible assets it purchases as business expenses. However, Selective Insurance Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Selective Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Selective 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 Selective 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 price.
As of now, Selective Insurance's Enterprise Value is increasing as compared to previous years.
 2021 2022 2023 2024 (projected)
Total Revenue3.4B3.6B101.2M96.1M
Interest Expense29.2M28.8M28.8M16.9M

Selective Insurance fundamental ratios Correlations

0.590.960.640.98-0.370.910.86-0.010.99-0.040.50.80.870.210.870.830.51-0.180.94-0.310.51-0.860.71-0.14-0.8
0.590.60.940.54-0.510.670.6-0.220.570.040.550.820.60.710.50.87-0.2-0.110.54-0.18-0.22-0.410.750.03-0.46
0.960.60.670.98-0.460.930.870.180.92-0.080.370.850.890.260.760.820.5-0.220.92-0.320.49-0.720.57-0.29-0.89
0.640.940.670.62-0.520.740.65-0.10.620.20.410.860.650.650.510.9-0.11-0.060.59-0.28-0.12-0.410.74-0.04-0.57
0.980.540.980.62-0.40.930.890.150.96-0.050.390.820.90.20.810.810.57-0.220.95-0.320.56-0.780.6-0.24-0.88
-0.37-0.51-0.46-0.52-0.4-0.56-0.43-0.32-0.33-0.21-0.23-0.46-0.46-0.38-0.39-0.44-0.10.3-0.470.58-0.010.13-0.140.070.57
0.910.670.930.740.93-0.560.950.20.880.180.510.840.960.480.760.880.39-0.230.94-0.30.34-0.650.58-0.06-0.83
0.860.60.870.650.89-0.430.950.20.830.110.520.761.00.460.690.820.46-0.290.94-0.150.41-0.660.530.0-0.75
-0.01-0.220.18-0.10.15-0.320.20.2-0.1-0.12-0.370.180.23-0.06-0.09-0.060.39-0.360.21-0.070.280.4-0.61-0.55-0.45
0.990.570.920.620.96-0.330.880.83-0.1-0.020.540.760.840.190.90.820.51-0.170.92-0.30.51-0.890.74-0.07-0.75
-0.040.04-0.080.2-0.05-0.210.180.11-0.12-0.020.18-0.130.090.330.020.12-0.210.270.02-0.16-0.23-0.010.140.680.15
0.50.550.370.410.39-0.230.510.52-0.370.540.180.350.510.50.720.590.03-0.230.570.11-0.05-0.540.620.59-0.13
0.80.820.850.860.82-0.460.840.760.180.76-0.130.350.780.480.630.910.19-0.260.77-0.260.16-0.460.61-0.35-0.8
0.870.60.890.650.9-0.460.961.00.230.840.090.510.780.450.70.830.48-0.30.95-0.170.42-0.650.52-0.04-0.78
0.210.710.260.650.2-0.380.480.46-0.060.190.330.50.480.450.20.52-0.54-0.150.30.03-0.620.030.330.33-0.18
0.870.50.760.510.81-0.390.760.69-0.090.90.020.720.630.70.20.70.44-0.270.87-0.270.39-0.770.640.09-0.61
0.830.870.820.90.81-0.440.880.82-0.060.820.120.590.910.830.520.70.19-0.180.8-0.220.17-0.640.810.0-0.66
0.51-0.20.5-0.110.57-0.10.390.460.390.51-0.210.030.190.48-0.540.440.19-0.220.58-0.110.98-0.530.03-0.3-0.51
-0.18-0.11-0.22-0.06-0.220.3-0.23-0.29-0.36-0.170.27-0.23-0.26-0.3-0.15-0.27-0.18-0.22-0.34-0.08-0.120.00.10.150.42
0.940.540.920.590.95-0.470.940.940.210.920.020.570.770.950.30.870.80.58-0.34-0.250.52-0.730.54-0.07-0.82
-0.31-0.18-0.32-0.28-0.320.58-0.3-0.15-0.07-0.3-0.160.11-0.26-0.170.03-0.27-0.22-0.11-0.08-0.25-0.130.21-0.180.160.32
0.51-0.220.49-0.120.56-0.010.340.410.280.51-0.23-0.050.160.42-0.620.390.170.98-0.120.52-0.13-0.580.08-0.33-0.48
-0.86-0.41-0.72-0.41-0.780.13-0.65-0.660.4-0.89-0.01-0.54-0.46-0.650.03-0.77-0.64-0.530.0-0.730.21-0.58-0.79-0.130.47
0.710.750.570.740.6-0.140.580.53-0.610.740.140.620.610.520.330.640.810.030.10.54-0.180.08-0.790.27-0.32
-0.140.03-0.29-0.04-0.240.07-0.060.0-0.55-0.070.680.59-0.35-0.040.330.090.0-0.30.15-0.070.16-0.33-0.130.270.48
-0.8-0.46-0.89-0.57-0.880.57-0.83-0.75-0.45-0.750.15-0.13-0.8-0.78-0.18-0.61-0.66-0.510.42-0.820.32-0.480.47-0.320.48
Click cells to compare fundamentals

Selective Insurance Account Relationship Matchups

Selective Insurance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.8B9.7B10.5B10.8B11.8B12.4B
Short Long Term Debt Total609.3M609.4M515.6M514.5M501.3M293.8M
Total Stockholder Equity2.2B2.7B3.0B2.5B3.0B3.1B
Net Debt549.6M524.8M500.1M500.9M501.1M277.7M
Retained Earnings2.1B2.3B2.6B2.7B3.0B3.2B
Other Assets(5.6B)(5.9B)772.0K3.5M(1.5B)(1.4B)
Common Stock Shares Outstanding60.0M60.3M60.7M60.9M61.0M61.1M
Liabilities And Stockholders Equity8.8B9.7B10.5B10.8B11.8B12.4B
Non Current Liabilities Total6.5B6.8B7.4B8.2B8.8B9.3B
Other Stockholder Equity(174.3M)(160.9M)(144.6M)(133.8M)(112.5M)(118.1M)
Total Liab6.6B6.9B7.5B8.3B8.8B9.3B
Other Current Liab68.1M56.2M111.5M105.4M(6.3M)(5.9M)
Total Current Liabilities126.8M114.9M121.1M115.2M128.3M121.8M
Property Plant And Equipment Net103.9M117.9M117.7M126.7M124.5M67.1M
Non Current Assets Total8.8B9.7B10.5B10.8B12.2B12.9B
Non Currrent Assets Other8.1B8.9B9.5B9.6B(1.0B)(954.4M)
Net Receivables1.4B1.5B1.6B1.9B2.0B2.1B
Property Plant And Equipment Gross64.0M65.2M77.4M77.7M89.4M58.4M
Total Current Assets300K394K455K26K1.0B1.1B
Short Term Debt58.7M58.7M9.6M9.8M10.6M10.1M
Intangible Assets271.2M288.6M326.9M368.6M424.9M446.1M
Cash300K394K455K26K180K171K
Cash And Short Term Investments300K394K455K26K820.6M861.7M
Common Stock Total Equity207.0M208.1M208.9M209.7M241.1M168.6M
Short Term Investments677.7M844.2M949.8M770.9M820.4M1.5B
Other Current Assets1.6B1.7B2.0B1.9B203.3M193.2M
Accumulated Other Comprehensive Income81.8M220.2M115.1M(498.0M)(373.0M)(354.4M)
Common Stock207.0M208.1M208.9M209.7M210.4M170.8M
Other Liab304.0M390.7M467.2M472.7M543.6M290.5M
Long Term Debt550.6M550.7M500.6M501M501.3M389.5M
Treasury Stock(592.8M)(599.9M)(608.9M)(627.3M)(564.6M)(592.8M)
Property Plant Equipment77.4M77.7M82.1M84.3M97.0M65.6M
Accounts Payable129.7M128.9M4.6B115.2M132.5M125.8M
Net Tangible Assets2.2B2.5B2.8B2.3B2.7B1.9B
Retained Earnings Total Equity2.1B2.3B2.6B2.7B3.2B1.8B
Long Term Debt Total550.6M550.7M506.1M504.7M580.4M472.9M
Capital Surpluse418.5M439.0M464.3M493.5M567.5M399.3M

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 World Market Map to better understand how to build diversified portfolios, which includes a position in Selective 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 price.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.