Selectquote Stock Market Value
| SLQT Stock | USD 2.61 0.25 8.74% |
| Symbol | Selectquote |
Selectquote 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 Selectquote. If investors know Selectquote 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 Selectquote 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 (0.10) | Earnings Share (0.27) | Revenue Per Share 8.161 | Quarterly Revenue Growth 0.256 | Return On Assets 0.0405 |
The market value of Selectquote is measured differently than its book value, which is the value of Selectquote that is recorded on the company's balance sheet. Investors also form their own opinion of Selectquote's value that differs from its market value or its book value, called intrinsic value, which is Selectquote'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 Selectquote's market value can be influenced by many factors that don't directly affect Selectquote'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 Selectquote's value and its price as these two are different measures arrived at by different means. Investors typically determine if Selectquote is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Selectquote'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.
Selectquote '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 Selectquote'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 Selectquote.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Selectquote on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Selectquote or generate 0.0% return on investment in Selectquote over 330 days. Selectquote is related to or competes with GoHealth, CorVel Corp, Erie Indemnity, EHealth, Arthur J, Brown Brown, and Reliance Global. SelectQuote, Inc. operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insuranc... More
Selectquote 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 Selectquote'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 Selectquote upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 53.5 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 9.54 |
Selectquote Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Selectquote's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Selectquote's standard deviation. In reality, there are many statistical measures that can use Selectquote historical prices to predict the future Selectquote's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (36.11) |
Selectquote Backtested Returns
Selectquote owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0561, which indicates the firm had a -0.0561% return per unit of risk over the last 3 months. Selectquote exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Selectquote's Variance of 50.82, insignificant risk adjusted performance, and Coefficient Of Variation of (6,993) to confirm the risk estimate we provide. The entity has a beta of 0.0031, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Selectquote's returns are expected to increase less than the market. However, during the bear market, the loss of holding Selectquote is expected to be smaller as well. At this point, Selectquote has a negative expected return of -0.4%. Please make sure to validate Selectquote's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Selectquote performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Selectquote has modest reverse predictability. Overlapping area represents the amount of predictability between Selectquote time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Selectquote price movement. The serial correlation of -0.47 indicates that about 47.0% of current Selectquote price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Selectquote lagged returns against current returns
Autocorrelation, which is Selectquote 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 Selectquote's stock expected returns. We can calculate the autocorrelation of Selectquote returns to help us make a trade decision. For example, suppose you find that Selectquote 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 |
Selectquote 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 Selectquote stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Selectquote stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Selectquote stock over time.
Current vs Lagged Prices |
| Timeline |
Selectquote Lagged Returns
When evaluating Selectquote's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Selectquote stock have on its future price. Selectquote 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, Selectquote autocorrelation shows the relationship between Selectquote stock current value and its past values and can show if there is a momentum factor associated with investing in Selectquote.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Selectquote Stock Analysis
When running Selectquote's price analysis, check to measure Selectquote'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 Selectquote is operating at the current time. Most of Selectquote's value examination focuses on studying past and present price action to predict the probability of Selectquote's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Selectquote's price. Additionally, you may evaluate how the addition of Selectquote to your portfolios can decrease your overall portfolio volatility.