Hippo Holdings Stock Market Value
| HIPO Stock | USD 32.99 1.02 3.00% |
| Symbol | Hippo |
Hippo Holdings Price To Book Ratio
Is Insurance Brokers 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 Hippo Holdings. If investors know Hippo 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 Hippo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.17) | Revenue Per Share 13.671 | Quarterly Revenue Growth 0.655 | Return On Assets (0.05) | Return On Equity (0.31) |
The market value of Hippo Holdings is measured differently than its book value, which is the value of Hippo that is recorded on the company's balance sheet. Investors also form their own opinion of Hippo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hippo Holdings' 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 Hippo Holdings' market value can be influenced by many factors that don't directly affect Hippo Holdings' 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 Hippo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hippo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hippo Holdings' 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.
Hippo Holdings '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 Hippo Holdings' 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 Hippo Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hippo Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hippo Holdings or generate 0.0% return on investment in Hippo Holdings over 30 days. Hippo Holdings is related to or competes with ICC Holdings, Employers Holdings, AMERISAFE, NMI Holdings, Investors Title, James River, and Essent. Hippo Holdings Inc. provides home protection insurance in the United States and the District of Columbia More
Hippo Holdings 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 Hippo Holdings' 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 Hippo Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.1628 | |||
| Maximum Drawdown | 28.08 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 7.62 |
Hippo Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hippo Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hippo Holdings' standard deviation. In reality, there are many statistical measures that can use Hippo Holdings historical prices to predict the future Hippo Holdings' volatility.| Risk Adjusted Performance | 0.1536 | |||
| Jensen Alpha | 0.6859 | |||
| Total Risk Alpha | 0.1547 | |||
| Sortino Ratio | 0.2643 | |||
| Treynor Ratio | 0.5177 |
Hippo Holdings Backtested Returns
Hippo Holdings appears to be not too volatile, given 3 months investment horizon. Hippo Holdings holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Hippo Holdings' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please utilize Hippo Holdings' Downside Deviation of 2.92, market risk adjusted performance of 0.5277, and Risk Adjusted Performance of 0.1536 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hippo Holdings holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 1.72, 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, Hippo Holdings will likely underperform. Please check Hippo Holdings' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Hippo Holdings' current trending patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Hippo Holdings has very good predictability. Overlapping area represents the amount of predictability between Hippo Holdings time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Hippo Holdings price movement. The serial correlation of 0.82 indicates that around 82.0% of current Hippo Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 6.11 |
Hippo Holdings lagged returns against current returns
Autocorrelation, which is Hippo Holdings 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 Hippo Holdings' stock expected returns. We can calculate the autocorrelation of Hippo Holdings returns to help us make a trade decision. For example, suppose you find that Hippo Holdings 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 |
Hippo Holdings 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 Hippo Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hippo Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hippo Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Hippo Holdings Lagged Returns
When evaluating Hippo Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hippo Holdings stock have on its future price. Hippo Holdings 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, Hippo Holdings autocorrelation shows the relationship between Hippo Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Hippo Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Hippo Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hippo Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hippo Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Hippo Stock
| 0.82 | AGO | Assured Guaranty | PairCorr |
| 0.81 | AXS | AXIS Capital Holdings | PairCorr |
| 0.89 | EIG | Employers Holdings | PairCorr |
Moving against Hippo Stock
| 0.8 | ESNT | Essent Group | PairCorr |
| 0.73 | JRVR | James River Group | PairCorr |
| 0.69 | NMIH | NMI Holdings Normal Trading | PairCorr |
| 0.57 | ACT | Enact Holdings | PairCorr |
| 0.48 | PPHI | Positive Physicians | PairCorr |
The ability to find closely correlated positions to Hippo Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hippo Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hippo Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hippo Holdings to buy it.
The correlation of Hippo Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hippo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hippo Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hippo Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Hippo Holdings Correlation, Hippo Holdings Volatility and Hippo Holdings Alpha and Beta module to complement your research on Hippo Holdings. To learn how to invest in Hippo Stock, please use our How to Invest in Hippo Holdings guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Hippo Holdings 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.