Safety Operating Income from 2010 to 2024
| SAFT Stock | USD 78.54 0.40 0.51% |
Operating Income | First Reported 2000-12-31 | Previous Quarter 339 K | Current Value 25.6 M | Quarterly Volatility 53.8 M |
Check Safety Insurance financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Safety main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.1 M, Interest Expense of 588.6 K or Total Revenue of 728.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.78, Dividend Yield of 0.0294 or PTB Ratio of 0.9. Safety financial statements analysis is a perfect complement when working with Safety Insurance Valuation or Volatility modules.
Safety | Operating Income |
Latest Safety Insurance's Operating Income Growth Pattern
Below is the plot of the Operating Income of Safety Insurance Group over the last few years. Operating Income is the amount of profit realized from Safety Insurance operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Safety Insurance Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Safety Insurance's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Safety Insurance's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
|
Operating Income |
| Timeline |
Safety Operating Income Regression Statistics
| Arithmetic Mean | 71,891,750 | |
| Coefficient Of Variation | 82.20 | |
| Mean Deviation | 47,005,100 | |
| Median | 83,318,000 | |
| Standard Deviation | 59,094,342 | |
| Sample Variance | 3492.1T | |
| Range | 203.4M | |
| R-Value | 0.17 | |
| Mean Square Error | 3655.8T | |
| R-Squared | 0.03 | |
| Significance | 0.55 | |
| Slope | 2,207,606 | |
| Total Sum of Squares | 48890T |
Safety Operating Income History
About Safety Insurance Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Safety Insurance income statement, its balance sheet, and the statement of cash flows. Safety Insurance investors use historical funamental indicators, such as Safety Insurance's Operating Income, to determine how well the company is positioned to perform in the future. Although Safety Insurance investors may use each financial statement separately, they are all related. The changes in Safety Insurance's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Safety Insurance's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Safety Insurance Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Safety Insurance. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Operating Income | 5.5 M | 5.2 M |
Pair Trading with Safety Insurance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Safety Insurance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Safety Insurance will appreciate offsetting losses from the drop in the long position's value.Moving against Safety Stock
| 0.54 | DOMA | Doma Holdings | PairCorr |
| 0.49 | HCI | HCI Group | PairCorr |
The ability to find closely correlated positions to Safety Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safety Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Safety Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Safety Insurance Group to buy it.
The correlation of Safety Insurance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Safety Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safety Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Safety Insurance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Safety Insurance Correlation against competitors. Note that the Safety Insurance information on this page should be used as a complementary analysis to other Safety 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary 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.
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Is Safety 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 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 (0.50) | Dividend Share 3.6 | Earnings Share 3.48 | Revenue Per Share 67.22 | Quarterly Revenue Growth 0.255 |
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.