The Hanover Insurance Stock Probability of Future Stock Price Finishing Over 120.93
| THG Stock | USD 155.06 3.66 2.31% |
Closest to current price Hanover long CALL Option Payoff at Expiration
Hanover |
Hanover Insurance Target Price Odds to finish over 120.93
The tendency of Hanover Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 120.93 in 90 days |
| 155.06 | 90 days | 120.93 | close to 99 |
Based on a normal probability distribution, the odds of Hanover Insurance to stay above $ 120.93 in 90 days from now is close to 99 (This The Hanover Insurance probability density function shows the probability of Hanover Stock to fall within a particular range of prices over 90 days) . Probability of Hanover Insurance price to stay between $ 120.93 and its current price of $155.06 at the end of the 90-day period is about 59.61 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.04 . This usually implies The Hanover Insurance market returns are reactive to returns on the market. As the market goes up or down, Hanover Insurance is expected to follow. Additionally The Hanover Insurance has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Hanover Insurance Price Density |
| Price |
Predictive Modules for Hanover Insurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hanover Insurance. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Hanover Insurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hanover Insurance is not an exception. The market had few large corrections towards the Hanover Insurance's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold The Hanover Insurance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hanover Insurance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 1.04 | |
σ | Overall volatility | 7.01 | |
Ir | Information ratio | -0.02 |
Hanover Insurance Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Hanover Insurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hanover Insurance can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The Hanover Insurance has 783.2 M in debt with debt to equity (D/E) ratio of 0.34, which is OK given its current industry classification. Hanover Insurance has a current ratio of 0.35, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Hanover to invest in growth at high rates of return. | |
| Hanover Insurance has a poor financial position based on the latest SEC disclosures | |
| Over 88.0% of Hanover Insurance shares are owned by institutional investors | |
| Latest headline from investing.com: Morgan Stanley sets Hanover Insurance stock at equalweight |
Hanover Insurance Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Hanover Stock often depends not only on the future outlook of the current and potential Hanover Insurance's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hanover Insurance's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.1 M | |
| Cash And Short Term Investments | 316.1 M |
Hanover Insurance Technical Analysis
Hanover Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. Hanover Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Hanover Insurance. In general, you should focus on analyzing Hanover Stock price patterns and their correlations with different microeconomic environments and drivers.
Hanover Insurance Predictive Forecast Models
Hanover Insurance's time-series forecasting models is one of many Hanover Insurance's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Hanover Insurance's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Hanover Insurance
Checking the ongoing alerts about Hanover Insurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hanover Insurance help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The Hanover Insurance has 783.2 M in debt with debt to equity (D/E) ratio of 0.34, which is OK given its current industry classification. Hanover Insurance has a current ratio of 0.35, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Hanover to invest in growth at high rates of return. | |
| Hanover Insurance has a poor financial position based on the latest SEC disclosures | |
| Over 88.0% of Hanover Insurance shares are owned by institutional investors | |
| Latest headline from investing.com: Morgan Stanley sets Hanover Insurance stock at equalweight |
Check out Hanover Insurance Backtesting, Hanover Insurance Valuation, Hanover Insurance Correlation, Hanover Insurance Hype Analysis, Hanover Insurance Volatility, Hanover Insurance History as well as Hanover Insurance Performance. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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 Hanover Insurance. If investors know Hanover 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 Hanover 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 10.656 | Dividend Share 3.4 | Earnings Share 10.09 | Revenue Per Share 172.438 | Quarterly Revenue Growth 0.032 |
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover 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 Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover 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 Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover 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.