Hiscox (UK) Market Value
| HSX Stock | 1,093 2.00 0.18% |
| Symbol | Hiscox |
Hiscox '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 Hiscox'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 Hiscox.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Hiscox on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hiscox or generate 0.0% return on investment in Hiscox over 180 days. Hiscox is related to or competes with Mulberry Group, London Security, Triad Group, SURETRACK MON, World Chess, and Ikigai Ventures. Hiscox is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Hiscox 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 Hiscox'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 Hiscox upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.4 |
Hiscox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hiscox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hiscox's standard deviation. In reality, there are many statistical measures that can use Hiscox historical prices to predict the future Hiscox's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.0691 |
Hiscox Backtested Returns
At this point, Hiscox is very steady. Hiscox holds Efficiency (Sharpe) Ratio of 0.0391, which attests that the entity had a 0.0391 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Hiscox, which you can use to evaluate the volatility of the firm. Please check out Hiscox's Risk Adjusted Performance of 0.001, market risk adjusted performance of 0.0791, and Standard Deviation of 1.53 to validate if the risk estimate we provide is consistent with the expected return of 0.0592%. Hiscox has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hiscox are expected to decrease at a much lower rate. During the bear market, Hiscox is likely to outperform the market. Hiscox right now retains a risk of 1.51%. Please check out Hiscox potential upside, as well as the relationship between the accumulation distribution and day median price , to decide if Hiscox will be following its current trending patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Hiscox has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hiscox time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hiscox price movement. The serial correlation of -0.2 indicates that over 20.0% of current Hiscox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1200.6 |
Hiscox lagged returns against current returns
Autocorrelation, which is Hiscox 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 Hiscox's stock expected returns. We can calculate the autocorrelation of Hiscox returns to help us make a trade decision. For example, suppose you find that Hiscox 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 |
Hiscox 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 Hiscox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiscox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiscox stock over time.
Current vs Lagged Prices |
| Timeline |
Hiscox Lagged Returns
When evaluating Hiscox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hiscox stock have on its future price. Hiscox 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, Hiscox autocorrelation shows the relationship between Hiscox stock current value and its past values and can show if there is a momentum factor associated with investing in Hiscox.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hiscox Stock
Hiscox financial ratios help investors to determine whether Hiscox 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 Hiscox with respect to the benefits of owning Hiscox security.