Hannover Rück (Germany) Market Value
| HNR1 Stock | EUR 245.70 1.10 0.45% |
| Symbol | Hannover |
Hannover Rück '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 Hannover Rück'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 Hannover Rück.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hannover Rück on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hannover Rck SE or generate 0.0% return on investment in Hannover Rück over 540 days. Hannover Rück is related to or competes with Dairy Farm, CHINA EDUCATION, Performance Food, EEDUCATION ALBERT, TreeHouse Foods, and JAPAN AIRLINES. Hannover Rck SE, together with its subsidiaries, provides reinsurance products and services worldwide More
Hannover Rück 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 Hannover Rück'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 Hannover Rck SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.53 |
Hannover Rück Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannover Rück's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannover Rück's standard deviation. In reality, there are many statistical measures that can use Hannover Rück historical prices to predict the future Hannover Rück's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.23) |
Hannover Rck SE Backtested Returns
Hannover Rck SE holds Efficiency (Sharpe) Ratio of -0.0656, which attests that the entity had a -0.0656% return per unit of risk over the last 3 months. Hannover Rck SE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hannover Rück's Market Risk Adjusted Performance of (0.22), risk adjusted performance of (0.03), and Standard Deviation of 1.09 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hannover Rück's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hannover Rück is expected to be smaller as well. At this point, Hannover Rck SE has a negative expected return of -0.0711%. Please make sure to check out Hannover Rück's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Hannover Rck SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Hannover Rck SE has modest predictability. Overlapping area represents the amount of predictability between Hannover Rück time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Hannover Rck SE price movement. The serial correlation of 0.51 indicates that about 51.0% of current Hannover Rück price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 119.86 |
Hannover Rck SE lagged returns against current returns
Autocorrelation, which is Hannover Rück 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 Hannover Rück's stock expected returns. We can calculate the autocorrelation of Hannover Rück returns to help us make a trade decision. For example, suppose you find that Hannover Rück 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 |
Hannover Rück 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 Hannover Rück stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannover Rück stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannover Rück stock over time.
Current vs Lagged Prices |
| Timeline |
Hannover Rück Lagged Returns
When evaluating Hannover Rück's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannover Rück stock have on its future price. Hannover Rück 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, Hannover Rück autocorrelation shows the relationship between Hannover Rück stock current value and its past values and can show if there is a momentum factor associated with investing in Hannover Rck SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hannover Stock
Hannover Rück financial ratios help investors to determine whether Hannover Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hannover with respect to the benefits of owning Hannover Rück security.