Safety Insurance Group Stock Market Value
| SAFT Stock | USD 85.89 1.03 1.21% |
| Symbol | Safety |
Safety Insurance Price To Book Ratio
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 Safety Insurance. If investors know Safety 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 Safety 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 12.308 | Dividend Share 3.6 | Earnings Share 5.07 | Revenue Per Share 74.375 | Quarterly Revenue Growth 0.287 |
The market value of Safety Insurance is measured differently than its book value, which is the value of Safety that is recorded on the company's balance sheet. Investors also form their own opinion of Safety Insurance's value that differs from its market value or its book value, called intrinsic value, which is Safety 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 Safety Insurance's market value can be influenced by many factors that don't directly affect Safety 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 Safety Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Safety Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Safety 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.
Safety Insurance 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Safety Insurance's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Safety Insurance.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Safety Insurance on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Safety Insurance Group or generate 0.0% return on investment in Safety Insurance over 180 days. Safety Insurance is related to or competes with Selective Insurance, Kemper, Donegal Group, Argo Group, Global Indemnity, Horace Mann, and RLI Corp. Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United... More
Safety Insurance Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Safety Insurance's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Safety Insurance Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.89 |
Safety Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Safety Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Safety Insurance's standard deviation. In reality, there are many statistical measures that can use Safety Insurance historical prices to predict the future Safety Insurance's volatility.| Risk Adjusted Performance | 0.0195 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0137 |
Safety Insurance Backtested Returns
Currently, Safety Insurance Group is very steady. Safety Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 3.0E-4, which indicates the firm had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Safety Insurance Group, which you can use to evaluate the volatility of the company. Please validate Safety Insurance's Semi Deviation of 1.18, coefficient of variation of 5547.83, and Risk Adjusted Performance of 0.0195 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The entity has a beta of 1.63, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Safety Insurance will likely underperform. Safety Insurance right now has a risk of 1.81%. Please validate Safety Insurance downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Safety Insurance will be following its existing price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Safety Insurance Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Safety Insurance time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Safety Insurance price movement. The serial correlation of -0.03 indicates that only 3.0% of current Safety Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 6.97 |
Safety Insurance lagged returns against current returns
Autocorrelation, which is Safety Insurance stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Safety Insurance's stock expected returns. We can calculate the autocorrelation of Safety Insurance returns to help us make a trade decision. For example, suppose you find that Safety Insurance has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Safety Insurance regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Safety Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Safety Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Safety Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Safety Insurance Lagged Returns
When evaluating Safety Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Safety Insurance stock have on its future price. Safety Insurance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Safety Insurance autocorrelation shows the relationship between Safety Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Safety Insurance Group.
Regressed Prices |
| Timeline |
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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.