Hanover Insurance (Germany) Probability of Future Stock Price Finishing Over 151.00
| AF4 Stock | EUR 151.00 1.00 0.66% |
Hanover |
Hanover Insurance Target Price Odds to finish over 151.00
The tendency of Hanover Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 151.00 | 90 days | 151.00 | about 1.19 |
Based on a normal probability distribution, the odds of Hanover Insurance to move above the current price in 90 days from now is about 1.19 (This The Hanover Insurance probability density function shows the probability of Hanover Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Hanover Insurance has a beta of 0.75. This suggests as returns on the market go up, Hanover Insurance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Hanover Insurance will be expected to be much smaller as well. Additionally The Hanover Insurance has an alpha of 0.2754, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hanover Insurance Price Density |
| Price |
Predictive Modules for Hanover Insurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hanover Insurance. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Hanover Insurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hanover Insurance is not an exception. The market had few large corrections towards the Hanover Insurance's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold The Hanover Insurance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hanover Insurance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 8.00 | |
Ir | Information ratio | 0.16 |
Hanover Insurance Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Hanover Insurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hanover Insurance can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The Hanover Insurance has accumulated 782.4 M in total debt with debt to equity ratio (D/E) of 0.25, which may suggest the company is not taking enough advantage from borrowing. Hanover Insurance has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hanover Insurance until it has trouble settling it off, either with new capital or with free cash flow. So, Hanover Insurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hanover Insurance sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hanover to invest in growth at high rates of return. When we think about Hanover Insurance's use of debt, we should always consider it together with cash and equity. | |
| Over 88.0% of Hanover Insurance shares are held by institutions such as insurance companies |
Hanover Insurance Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Hanover Stock often depends not only on the future outlook of the current and potential Hanover Insurance's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hanover Insurance's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.6 M |
Hanover Insurance Technical Analysis
Hanover Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. Hanover Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Hanover Insurance. In general, you should focus on analyzing Hanover Stock price patterns and their correlations with different microeconomic environments and drivers.
Hanover Insurance Predictive Forecast Models
Hanover Insurance's time-series forecasting models is one of many Hanover Insurance's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Hanover Insurance's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Hanover Insurance
Checking the ongoing alerts about Hanover Insurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hanover Insurance help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The Hanover Insurance has accumulated 782.4 M in total debt with debt to equity ratio (D/E) of 0.25, which may suggest the company is not taking enough advantage from borrowing. Hanover Insurance has a current ratio of 0.36, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hanover Insurance until it has trouble settling it off, either with new capital or with free cash flow. So, Hanover Insurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hanover Insurance sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hanover to invest in growth at high rates of return. When we think about Hanover Insurance's use of debt, we should always consider it together with cash and equity. | |
| Over 88.0% of Hanover Insurance shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in Hanover Stock
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 Backtesting, Hanover Insurance Valuation, Hanover Insurance Correlation, Hanover Insurance Hype Analysis, Hanover Insurance Volatility, Hanover Insurance History as well as Hanover Insurance Performance. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.