The Hanover Insurance Stock Market Value
| THG Stock | USD 163.60 0.86 0.53% |
| Symbol | Hanover |
Hanover Insurance 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 Hanover Insurance. If investors know Hanover 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 Hanover Insurance 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 10.656 | Dividend Share 3.4 | Earnings Share 10.09 | Revenue Per Share 172.438 | Quarterly Revenue Growth 0.032 |
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover Insurance'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 Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover Insurance'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 Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Insurance'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.
Hanover Insurance '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 Hanover Insurance'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 Hanover Insurance.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hanover Insurance on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding The Hanover Insurance or generate 0.0% return on investment in Hanover Insurance over 30 days. Hanover Insurance is related to or competes with Horace Mann, Kemper, RLI Corp, Global Indemnity, Argo Group, NI Holdings, and Donegal Group. The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products a... More
Hanover Insurance 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 Hanover Insurance'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 The Hanover Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.1321 | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.28 |
Hanover Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanover Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanover Insurance's standard deviation. In reality, there are many statistical measures that can use Hanover Insurance historical prices to predict the future Hanover Insurance's volatility.| Risk Adjusted Performance | 0.1827 | |||
| Jensen Alpha | 0.1771 | |||
| Total Risk Alpha | 0.0878 | |||
| Sortino Ratio | 0.1558 | |||
| Treynor Ratio | 0.3064 |
Hanover Insurance Backtested Returns
Hanover Insurance appears to be very steady, given 3 months investment horizon. Hanover Insurance holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hanover Insurance, which you can use to evaluate the volatility of the firm. Please utilize Hanover Insurance's Downside Deviation of 1.1, risk adjusted performance of 0.1827, and Market Risk Adjusted Performance of 0.3164 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanover Insurance holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Hanover Insurance returns are very sensitive to returns on the market. As the market goes up or down, Hanover Insurance is expected to follow. Please check Hanover Insurance's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Hanover Insurance's current trending patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
The Hanover Insurance has very weak reverse predictability. Overlapping area represents the amount of predictability between Hanover Insurance time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Hanover Insurance price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Hanover Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Hanover Insurance lagged returns against current returns
Autocorrelation, which is Hanover Insurance 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 Hanover Insurance's stock expected returns. We can calculate the autocorrelation of Hanover Insurance returns to help us make a trade decision. For example, suppose you find that Hanover Insurance 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 |
Hanover Insurance 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 Hanover Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanover Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanover Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Hanover Insurance Lagged Returns
When evaluating Hanover Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanover Insurance stock have on its future price. Hanover Insurance 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, Hanover Insurance autocorrelation shows the relationship between Hanover Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in The Hanover Insurance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Hanover Insurance is a strong investment it is important to analyze Hanover Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hanover Insurance's future performance. For an informed investment choice regarding Hanover Stock, refer to the following important reports:Check out Hanover Insurance Correlation, Hanover Insurance Volatility and Hanover Insurance Alpha and Beta module to complement your research on Hanover Insurance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Hanover Insurance 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.