Selective Intangible Assets vs Good Will Analysis
| SIGI Stock | USD 99.92 1.73 1.76% |
Selective Insurance financial indicator trend analysis is much more than just breaking down Selective Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Selective Insurance is a good investment. Please check the relationship between Selective Insurance Intangible Assets and its Good Will accounts. 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.
Intangible Assets vs Good Will
Intangible Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Selective Insurance Intangible Assets account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Selective Insurance's Intangible Assets and Good Will is -0.43. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Selective Insurance Group, assuming nothing else is changed. The correlation between historical values of Selective Insurance's Intangible Assets and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Selective Insurance Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Intangible Assets i.e., Selective Insurance's Intangible Assets and Good Will go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Selective Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Selective Insurance current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. As of now, Selective Insurance's Enterprise Value Over EBITDA is increasing as compared to previous years. The Selective Insurance's current Enterprise Value Multiple is estimated to increase to 168.78, while Discontinued Operations is projected to decrease to (3.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.4B | 38K | 4.2B | 4.4B | Interest Expense | 29.2M | 28.8M | 28.8M | 16.9M |
Selective Insurance fundamental ratios Correlations
Click cells to compare fundamentals
Selective Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Selective Insurance fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 8.8B | 9.7B | 10.5B | 10.8B | 11.8B | 12.4B | |
| Short Long Term Debt Total | 550.6M | 550.7M | 506M | 504.7M | 503.9M | 283.8M | |
| Total Stockholder Equity | 2.2B | 2.7B | 3.0B | 2.5B | 3.0B | 3.1B | |
| Retained Earnings | 2.1B | 2.3B | 2.6B | 2.7B | 3.0B | 3.2B | |
| Other Assets | (5.6B) | (5.9B) | (5.9B) | 2.8B | 11.4B | 11.9B | |
| Common Stock Shares Outstanding | 60.0M | 60.3M | 60.7M | 60.9M | 61.0M | 61.1M | |
| Liabilities And Stockholders Equity | 8.8B | 9.7B | 10.5B | 10.8B | 11.8B | 12.4B | |
| Non Current Liabilities Total | 550.6M | 577.8M | 519.4M | 8.2B | 533.6M | 728.2M | |
| Other Stockholder Equity | (174.3M) | (160.9M) | (144.6M) | (133.8M) | (112.5M) | (118.1M) | |
| Total Liab | 550.6M | 577.8M | 519.4M | 8.3B | 8.8B | 9.3B | |
| Other Current Liab | (42.6M) | (47.7M) | (2.4M) | (169.2M) | (1.6M) | (1.5M) | |
| Total Current Liabilities | 16.1M | 11.0M | 7.2M | 59.8M | 9.0M | 8.6M | |
| Property Plant And Equipment Net | 77.4M | 77.7M | 82.1M | 84.3M | 83.3M | 61.2M | |
| Non Current Assets Total | 6.6B | 7.3B | 7.6B | 264.9M | 11.1M | 10.6M | |
| Non Currrent Assets Other | (4.9M) | (2.2M) | (4.5M) | (7.2B) | (8.1B) | (7.7B) | |
| Net Receivables | 1.4B | 1.5B | 1.6B | 1.9B | 2.0B | 2.1B | |
| Property Plant And Equipment Gross | 64.0M | 65.2M | 77.4M | 77.7M | 89.4M | 58.4M | |
| Total Current Assets | 7.8B | 8.3B | 8.8B | 7.7B | 421.3M | 400.2M | |
| Short Term Debt | 58.7M | 58.7M | 9.6M | 56.3M | 10.6M | 10.1M | |
| Intangible Assets | 271.2M | 288.6M | 326.9M | 368.6M | 424.9M | 446.1M | |
| Cash And Short Term Investments | 6.4B | 6.9B | 7.2B | 7.1B | 820.6M | 779.6M | |
| Common Stock Total Equity | 207.0M | 208.1M | 208.9M | 209.7M | 241.1M | 168.6M | |
| Short Term Investments | 6.4B | 6.9B | 7.2B | 7.1B | 820.4M | 779.4M | |
| Other Current Assets | 1.6B | 1.7B | 2.0B | 1.9B | 2.2B | 1.6B | |
| Accumulated Other Comprehensive Income | 81.8M | 220.2M | 115.1M | (498M) | (373.0M) | (354.4M) | |
| Common Stock | 207M | 208.1M | 208.9M | 209.7M | 210.4M | 170.8M | |
| Other Liab | 304.0M | 390.7M | 467.2M | 472.7M | 543.6M | 290.5M | |
| Long Term Debt | 550.6M | 550.7M | 500.6M | 501M | 501.3M | 389.5M | |
| Treasury Stock | (592.8M) | (599.9M) | (608.9M) | (627.3M) | (564.6M) | (592.8M) | |
| Property Plant Equipment | 77.4M | 77.7M | 82.1M | 84.3M | 97.0M | 65.6M | |
| Accounts Payable | 129.7M | 128.9M | 4.6B | 115.2M | 132.5M | 125.8M | |
| Net Tangible Assets | 2.2B | 2.5B | 2.8B | 2.3B | 2.7B | 1.9B | |
| Retained Earnings Total Equity | 2.1B | 2.3B | 2.6B | 2.7B | 3.2B | 1.8B | |
| Long Term Debt Total | 550.6M | 550.7M | 506.1M | 504.7M | 580.4M | 472.9M | |
| Capital Surpluse | 418.5M | 439.0M | 464.3M | 493.5M | 567.5M | 399.3M |
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When determining whether Selective Insurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Selective Insurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Selective Insurance Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Selective Insurance Group Stock: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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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 (0.12) | Dividend Share 1.3 | Earnings Share 5.67 | Revenue Per Share 72.438 | Quarterly Revenue Growth 0.165 |
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.