Selective Insurance Group Stock Technical Analysis
SIGI Stock | USD 103.14 0.56 0.54% |
As of the 24th of April, Selective Insurance has the Coefficient Of Variation of (22,479), variance of 2.42, and Risk Adjusted Performance of 0.0032. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Selective Insurance, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Selective Insurance Group, which can be compared to its competition. Please validate Selective Insurance information ratio and potential upside to decide if Selective Insurance is priced more or less accurately, providing market reflects its prevalent price of 103.14 per share. Given that Selective Insurance has information ratio of (0.07), we advise you to double-check Selective Insurance Group's current market performance to make sure the company can sustain itself at a future point.
Selective Insurance Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Selective, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SelectiveSelective |
Selective Insurance Analyst Consensus
Target Price | Advice | # of Analysts | |
102.83 | Buy | 8 | Odds |
Most Selective analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Selective stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Selective Insurance, talking to its executives and customers, or listening to Selective conference calls.
Selective Insurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Selective Insurance Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Selective Insurance volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Selective Insurance Trend Analysis
Use this graph to draw trend lines for Selective Insurance Group. You can use it to identify possible trend reversals for Selective Insurance as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Selective Insurance price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Selective Insurance Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Selective Insurance Group applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Selective Insurance Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 64.1, which is the sum of squared deviations for the predicted Selective Insurance price change compared to its average price change.About Selective Insurance Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Selective Insurance Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Selective Insurance Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Selective Insurance price pattern first instead of the macroeconomic environment surrounding Selective Insurance. By analyzing Selective Insurance's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Selective Insurance's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Selective Insurance specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0141 | 0.0142 | 0.0138 | 0.0131 | Price To Sales Ratio | 1.46 | 140.9K | 1.43 | 1.35 |
Selective Insurance April 24, 2024 Technical Indicators
Most technical analysis of Selective help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Selective from various momentum indicators to cycle indicators. When you analyze Selective charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0032 | |||
Market Risk Adjusted Performance | (0.03) | |||
Mean Deviation | 1.1 | |||
Coefficient Of Variation | (22,479) | |||
Standard Deviation | 1.55 | |||
Variance | 2.42 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | (0.04) | |||
Maximum Drawdown | 8.72 | |||
Value At Risk | (1.81) | |||
Potential Upside | 2.41 | |||
Skewness | (1.65) | |||
Kurtosis | 8.03 |
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 tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Selective Insurance information on this page should be used as a complementary analysis to other Selective Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Selective Stock analysis
When running Selective Insurance's price analysis, check to measure Selective 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 Selective Insurance is operating at the current time. Most of Selective Insurance's value examination focuses on studying past and present price action to predict the probability of Selective 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 Selective Insurance's price. Additionally, you may evaluate how the addition of Selective Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Selective Insurance's industry 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 0.455 | Dividend Share 1.25 | Earnings Share 5.84 | Revenue Per Share 69.801 | Quarterly Revenue Growth 0.166 |
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.