Mercury General Stock Market Value
| MCY Stock | USD 77.27 0.81 1.06% |
| Symbol | Mercury |
Mercury 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 Mercury General. If investors know Mercury 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 Mercury 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 (0.82) | Dividend Share 1.27 | Earnings Share 10.09 | Revenue Per Share 99.062 | Quarterly Revenue Growth 0.437 |
The market value of Mercury General is measured differently than its book value, which is the value of Mercury that is recorded on the company's balance sheet. Investors also form their own opinion of Mercury General's value that differs from its market value or its book value, called intrinsic value, which is Mercury 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 Mercury General's market value can be influenced by many factors that don't directly affect Mercury 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 Mercury General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercury General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercury 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.
Mercury 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 Mercury 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 Mercury General.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Mercury General on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Mercury General or generate 0.0% return on investment in Mercury General over 540 days. Mercury General is related to or competes with Selective Insurance, Kemper, Donegal Group, Argo Group, Global Indemnity, Horace Mann, and RLI Corp. Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the Uni... More
Mercury 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 Mercury 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 Mercury General upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.1133 | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.7 |
Mercury General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercury General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercury General's standard deviation. In reality, there are many statistical measures that can use Mercury General historical prices to predict the future Mercury General's volatility.| Risk Adjusted Performance | 0.1405 | |||
| Jensen Alpha | 0.1703 | |||
| Total Risk Alpha | 0.0269 | |||
| Sortino Ratio | 0.1099 | |||
| Treynor Ratio | 0.2282 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mercury General's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mercury General Backtested Returns
Mercury General appears to be very steady, given 3 months investment horizon. Mercury General has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mercury General, which you can use to evaluate the volatility of the firm. Please exercise Mercury General's Downside Deviation of 2.19, risk adjusted performance of 0.1405, and Mean Deviation of 1.5 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mercury General holds a performance score of 12. The company secures a Beta (Market Risk) of 1.59, which conveys 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, Mercury General will likely underperform. Please check Mercury General's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Mercury General's current price movements will revert.
Auto-correlation | 0.90 |
Excellent predictability
Mercury General has excellent predictability. Overlapping area represents the amount of predictability between Mercury General time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 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 Mercury General price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Mercury General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 51.34 |
Mercury General lagged returns against current returns
Autocorrelation, which is Mercury 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 Mercury General's stock expected returns. We can calculate the autocorrelation of Mercury General returns to help us make a trade decision. For example, suppose you find that Mercury 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 |
Mercury 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 Mercury General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercury General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercury General stock over time.
Current vs Lagged Prices |
| Timeline |
Mercury General Lagged Returns
When evaluating Mercury General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercury General stock have on its future price. Mercury 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, Mercury General autocorrelation shows the relationship between Mercury General stock current value and its past values and can show if there is a momentum factor associated with investing in Mercury General.
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.Additional Tools for Mercury Stock Analysis
When running Mercury General's price analysis, check to measure Mercury General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mercury General is operating at the current time. Most of Mercury General's value examination focuses on studying past and present price action to predict the probability of Mercury General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercury General's price. Additionally, you may evaluate how the addition of Mercury General to your portfolios can decrease your overall portfolio volatility.