Assurant Stock Beta
| AIZN Stock | USD 20.99 0.06 0.29% |
Assurant fundamentals help investors to digest information that contributes to Assurant's financial success or failures. It also enables traders to predict the movement of Assurant Stock. The fundamental analysis module provides a way to measure Assurant's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Assurant stock.
Assurant | Beta |
Assurant Company Beta Analysis
Assurant's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Assurant Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Assurant is extremely important. It helps to project a fair market value of Assurant Stock properly, considering its historical fundamentals such as Beta. Since Assurant's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Assurant's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Assurant's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Assurant has a Beta of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The beta for all United States stocks is 100.0% lower than that of the firm.
Assurant Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Assurant's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Assurant could also be used in its relative valuation, which is a method of valuing Assurant by comparing valuation metrics of similar companies.Assurant is currently under evaluation in beta category among its peers.
Assurant Current Valuation Drivers
We derive many important indicators used in calculating different scores of Assurant from analyzing Assurant's financial statements. These drivers represent accounts that assess Assurant's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Assurant's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 8.1B | 8.2B | 9.2B | 6.8B | 9.0B | 9.5B | |
| Enterprise Value | 8.3B | 8.2B | 9.4B | 7.4B | 9.5B | 9.9B |
Assurant ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Assurant's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Assurant's managers, analysts, and investors.Environmental | Governance | Social |
Assurant Fundamentals
| Return On Equity | 0.0746 | ||||
| Revenue | 11.13 B | ||||
| EBITDA | 1.12 B | ||||
| Net Income | 642.5 M | ||||
| Total Debt | 2.08 B | ||||
| Cash Flow From Operations | 1.14 B | ||||
| Number Of Employees | 25 | ||||
| Market Capitalization | 9.38 B | ||||
| Total Asset | 33.64 B | ||||
| Retained Earnings | 4.03 B | ||||
| Net Asset | 33.64 B | ||||
| Last Dividend Paid | 0.33 |
About Assurant Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Assurant's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Assurant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Assurant based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Assurant
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 Assurant 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 Assurant will appreciate offsetting losses from the drop in the long position's value.Moving together with Assurant Stock
Moving against Assurant Stock
| 0.79 | DLO | Dlocal | PairCorr |
| 0.58 | FLYW | Flywire Corp | PairCorr |
| 0.53 | EVTC | Evertec | PairCorr |
| 0.44 | FCRX | First Eagle Alternative | PairCorr |
| 0.38 | PRE | Prenetics Global | PairCorr |
The ability to find closely correlated positions to Assurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assurant 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 Assurant - 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 Assurant to buy it.
The correlation of Assurant 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 Assurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assurant 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 Assurant 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 Assurant Piotroski F Score and Assurant Altman Z Score analysis. To learn how to invest in Assurant Stock, please use our How to Invest in Assurant guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Multi-line 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 Assurant. If investors know Assurant 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 Assurant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.0746 |
The market value of Assurant is measured differently than its book value, which is the value of Assurant that is recorded on the company's balance sheet. Investors also form their own opinion of Assurant's value that differs from its market value or its book value, called intrinsic value, which is Assurant'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 Assurant's market value can be influenced by many factors that don't directly affect Assurant'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 Assurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Assurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Assurant'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.