Horace Mann Educators Stock Market Value
| HMN Stock | USD 41.27 0.16 0.39% |
| Symbol | Horace |
Horace Mann Educators Price To Book Ratio
Is Multi-line 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 Horace Mann. If investors know Horace 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 Horace Mann 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 1.964 | Dividend Share 1.35 | Earnings Share 2.52 | Revenue Per Share 38.477 | Quarterly Revenue Growth 0.088 |
The market value of Horace Mann Educators is measured differently than its book value, which is the value of Horace that is recorded on the company's balance sheet. Investors also form their own opinion of Horace Mann's value that differs from its market value or its book value, called intrinsic value, which is Horace Mann'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 Horace Mann's market value can be influenced by many factors that don't directly affect Horace Mann'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 Horace Mann's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horace Mann is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horace Mann'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.
Horace Mann 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Horace Mann's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Horace Mann.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Horace Mann on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Horace Mann Educators or generate 0.0% return on investment in Horace Mann over 30 days. Horace Mann is related to or competes with Kemper, RLI Corp, Global Indemnity, Argo Group, Selective Insurance, NI Holdings, and Donegal Group. Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the Unite... More
Horace Mann Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Horace Mann's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Horace Mann Educators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.106 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.13 |
Horace Mann Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horace Mann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horace Mann's standard deviation. In reality, there are many statistical measures that can use Horace Mann historical prices to predict the future Horace Mann's volatility.| Risk Adjusted Performance | 0.1412 | |||
| Jensen Alpha | 0.1656 | |||
| Total Risk Alpha | 0.0252 | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | 0.2526 |
Horace Mann Educators Backtested Returns
Horace Mann appears to be very steady, given 3 months investment horizon. Horace Mann Educators holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Horace Mann Educators, which you can use to evaluate the volatility of the firm. Please utilize Horace Mann's Market Risk Adjusted Performance of 0.2626, downside deviation of 1.59, and Risk Adjusted Performance of 0.1412 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Horace Mann holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 1.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Horace Mann will likely underperform. Please check Horace Mann's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Horace Mann's current trending patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Horace Mann Educators has poor reverse predictability. Overlapping area represents the amount of predictability between Horace Mann time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horace Mann Educators price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Horace Mann price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Horace Mann Educators lagged returns against current returns
Autocorrelation, which is Horace Mann stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Horace Mann's stock expected returns. We can calculate the autocorrelation of Horace Mann returns to help us make a trade decision. For example, suppose you find that Horace Mann has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horace Mann regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Horace Mann stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horace Mann stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horace Mann stock over time.
Current vs Lagged Prices |
| Timeline |
Horace Mann Lagged Returns
When evaluating Horace Mann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horace Mann stock have on its future price. Horace Mann autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Horace Mann autocorrelation shows the relationship between Horace Mann stock current value and its past values and can show if there is a momentum factor associated with investing in Horace Mann Educators.
Regressed Prices |
| Timeline |
Pair Trading with Horace Mann
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 Horace Mann 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 Horace Mann will appreciate offsetting losses from the drop in the long position's value.Moving together with Horace Stock
| 0.74 | L | Loews Corp Sell-off Trend | PairCorr |
Moving against Horace Stock
The ability to find closely correlated positions to Horace Mann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horace Mann 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 Horace Mann - 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 Horace Mann Educators to buy it.
The correlation of Horace Mann 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 Horace Mann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horace Mann Educators 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 Horace Mann 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 Horace Mann Correlation, Horace Mann Volatility and Horace Mann Alpha and Beta module to complement your research on Horace Mann. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Horace Mann 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.