International General Insurance Stock Market Value
| IGIC Stock | USD 25.98 0.04 0.15% |
| Symbol | International |
International General Price To Book Ratio
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 International General. If investors know International 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 International General 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 2.157 | Dividend Share 0.01 | Earnings Share 3.11 | Revenue Per Share 11.604 | Quarterly Revenue Growth 0.363 |
The market value of International General is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International General's value that differs from its market value or its book value, called intrinsic value, which is International General'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 International General's market value can be influenced by many factors that don't directly affect International General'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 International General's value and its price as these two are different measures arrived at by different means. Investors typically determine if International General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International General'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.
International General '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 International General'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 International General.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in International General on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding International General Insurance or generate 0.0% return on investment in International General over 660 days. International General is related to or competes with Enstar Group, Axa Equitable, Arch Capital, Waterdrop ADR, Fundamental Global, BB Seguridade, and Goosehead Insurance. International General Insurance Holdings Ltd More
International General 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 International General'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 International General Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.2323 | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 5.4 |
International General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International General's standard deviation. In reality, there are many statistical measures that can use International General historical prices to predict the future International General's volatility.| Risk Adjusted Performance | 0.2277 | |||
| Jensen Alpha | 0.5174 | |||
| Total Risk Alpha | 0.296 | |||
| Sortino Ratio | 0.3186 | |||
| Treynor Ratio | 0.5446 |
International General Backtested Returns
International General appears to be not too volatile, given 3 months investment horizon. International General holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. By evaluating International General's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize International General's Risk Adjusted Performance of 0.2277, market risk adjusted performance of 0.5546, and Downside Deviation of 1.71 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, International General holds a performance score of 19. The company retains a Market Volatility (i.e., Beta) of 1.22, 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, International General will likely underperform. Please check International General's skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether International General's current trending patterns will revert.
Auto-correlation | 0.92 |
Excellent predictability
International General Insurance has excellent predictability. Overlapping area represents the amount of predictability between International General time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 International General price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current International General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 12.09 |
International General lagged returns against current returns
Autocorrelation, which is International General 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 International General's stock expected returns. We can calculate the autocorrelation of International General returns to help us make a trade decision. For example, suppose you find that International General 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 |
International General 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 International General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International General stock over time.
Current vs Lagged Prices |
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International General Lagged Returns
When evaluating International General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International General stock have on its future price. International General 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, International General autocorrelation shows the relationship between International General stock current value and its past values and can show if there is a momentum factor associated with investing in International General Insurance.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether International General offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of International General'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 International General Insurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on International General Insurance Stock:Check out International General Correlation, International General Volatility and International General Alpha and Beta module to complement your research on International General. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
International General 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.