Hiscox Stock Market Value
| HCXLY Stock | USD 31.63 2.71 9.37% |
| Symbol | Hiscox |
Hiscox '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 Hiscox's pink sheet 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 Hiscox.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Hiscox on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Hiscox or generate 0.0% return on investment in Hiscox over 90 days. Hiscox is related to or competes with Horace Mann, Selective Insurance, Global Indemnity, Argo Group, HCI, Universal Insurance, and Kingstone Companies. Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the Uni... More
Hiscox 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 Hiscox's pink sheet 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 Hiscox upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0587 | |||
| Maximum Drawdown | 12.95 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 3.73 |
Hiscox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hiscox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hiscox's standard deviation. In reality, there are many statistical measures that can use Hiscox historical prices to predict the future Hiscox's volatility.| Risk Adjusted Performance | 0.0152 | |||
| Jensen Alpha | 0.0161 | |||
| Total Risk Alpha | 0.3838 | |||
| Sortino Ratio | 0.0504 | |||
| Treynor Ratio | 2.42 |
Hiscox Backtested Returns
At this stage we consider Hiscox Pink Sheet to be very steady. Hiscox holds Efficiency (Sharpe) Ratio of 0.0549, which attests that the entity had a 0.0549 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hiscox, which you can use to evaluate the volatility of the firm. Please check out Hiscox's Downside Deviation of 2.82, market risk adjusted performance of 2.43, and Risk Adjusted Performance of 0.0152 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Hiscox has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0063, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hiscox's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hiscox is expected to be smaller as well. Hiscox right now retains a risk of 2.7%. Please check out Hiscox potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Hiscox will be following its current trending patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Hiscox has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hiscox time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hiscox price movement. The serial correlation of -0.16 indicates that over 16.0% of current Hiscox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Hiscox lagged returns against current returns
Autocorrelation, which is Hiscox pink sheet'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 Hiscox's pink sheet expected returns. We can calculate the autocorrelation of Hiscox returns to help us make a trade decision. For example, suppose you find that Hiscox has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hiscox 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 Hiscox pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiscox pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiscox pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hiscox Lagged Returns
When evaluating Hiscox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hiscox pink sheet have on its future price. Hiscox 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, Hiscox autocorrelation shows the relationship between Hiscox pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hiscox.
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 Hiscox Pink Sheet Analysis
When running Hiscox's price analysis, check to measure Hiscox'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 Hiscox is operating at the current time. Most of Hiscox's value examination focuses on studying past and present price action to predict the probability of Hiscox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hiscox's price. Additionally, you may evaluate how the addition of Hiscox to your portfolios can decrease your overall portfolio volatility.