Siriuspoint Price Book Value Ratio from 2010 to 2024
| SPNT Stock | USD 12.97 0.33 2.48% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 0.75371367 | Current Value 1.06 | Quarterly Volatility 0.55739605 |
Check Siriuspoint financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Siriuspoint main balance sheet or income statement drivers, such as Interest Expense of 67.3 M, Selling General Administrative of 239.6 M or Other Operating Expenses of 2.4 B, as well as many exotic indicators such as Price To Sales Ratio of 0.66, Dividend Yield of 0.013 or PTB Ratio of 1.06. Siriuspoint financial statements analysis is a perfect complement when working with Siriuspoint Valuation or Volatility modules.
Siriuspoint | Price Book Value Ratio |
Latest Siriuspoint's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Siriuspoint over the last few years. It is Siriuspoint's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Siriuspoint's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
Siriuspoint Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 1.05 | |
| Geometric Mean | 0.94 | |
| Coefficient Of Variation | 53.13 | |
| Mean Deviation | 0.40 | |
| Median | 0.90 | |
| Standard Deviation | 0.56 | |
| Sample Variance | 0.31 | |
| Range | 1.7882 | |
| R-Value | (0.78) | |
| Mean Square Error | 0.13 | |
| R-Squared | 0.62 | |
| Significance | 0.0005 | |
| Slope | (0.1) | |
| Total Sum of Squares | 4.35 |
Siriuspoint Price Book Value Ratio History
About Siriuspoint Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Siriuspoint income statement, its balance sheet, and the statement of cash flows. Siriuspoint investors use historical funamental indicators, such as Siriuspoint's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Siriuspoint investors may use each financial statement separately, they are all related. The changes in Siriuspoint's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Siriuspoint'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 Siriuspoint Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Siriuspoint. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 0.75 | 1.06 |
Pair Trading with Siriuspoint
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 Siriuspoint 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 Siriuspoint will appreciate offsetting losses from the drop in the long position's value.Moving together with Siriuspoint Stock
| 0.74 | EG | Everest Group Symbol Change | PairCorr |
| 0.71 | RGA | Reinsurance Group | PairCorr |
| 0.65 | GLRE | Greenlight Capital | PairCorr |
The ability to find closely correlated positions to Siriuspoint could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siriuspoint 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 Siriuspoint - 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 Siriuspoint to buy it.
The correlation of Siriuspoint 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 Siriuspoint moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Siriuspoint 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 Siriuspoint 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 Siriuspoint Correlation against competitors. For more information on how to buy Siriuspoint Stock please use our How to Invest in Siriuspoint guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Siriuspoint Stock analysis
When running Siriuspoint's price analysis, check to measure Siriuspoint'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 Siriuspoint is operating at the current time. Most of Siriuspoint's value examination focuses on studying past and present price action to predict the probability of Siriuspoint's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Siriuspoint's price. Additionally, you may evaluate how the addition of Siriuspoint to your portfolios can decrease your overall portfolio volatility.
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Is Siriuspoint'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 Siriuspoint. If investors know Siriuspoint 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 Siriuspoint 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 (0.34) | Earnings Share 1.6 | Revenue Per Share 16.599 | Quarterly Revenue Growth 0.018 | Return On Assets 0.0194 |
The market value of Siriuspoint is measured differently than its book value, which is the value of Siriuspoint that is recorded on the company's balance sheet. Investors also form their own opinion of Siriuspoint's value that differs from its market value or its book value, called intrinsic value, which is Siriuspoint'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 Siriuspoint's market value can be influenced by many factors that don't directly affect Siriuspoint'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 Siriuspoint's value and its price as these two are different measures arrived at by different means. Investors typically determine if Siriuspoint is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Siriuspoint'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.