Hiscox (UK) Market Value
| HSX Stock | 1,117 14.00 1.27% |
| 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 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 Hiscox.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Hiscox on December 15, 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 Hochschild Mining, Dairy Farm, Monster Beverage, Travel +, Moneysupermarket, Roebuck Food, and JD Sports. 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 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 Hiscox upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.51 |
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 | (0.01) | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | 0.1771 | |||
| Treynor Ratio | (0.10) |
Hiscox Backtested Returns
Hiscox holds Efficiency (Sharpe) Ratio of -0.0145, which attests that the entity had a -0.0145 % return per unit of risk over the last 3 months. Hiscox exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hiscox's Risk Adjusted Performance of (0.01), standard deviation of 1.69, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. 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. At this point, Hiscox has a negative expected return of -0.0245%. Please make sure to check out Hiscox's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Hiscox performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Hiscox has weak predictability. Overlapping area represents the amount of predictability between Hiscox time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 0.23 indicates that over 23.0% of current Hiscox price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 2126.65 |
Hiscox lagged returns against current returns
Autocorrelation, which is Hiscox 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 Hiscox's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiscox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiscox stock 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 stock 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 stock 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.Other Information on Investing in Hiscox Stock
Hiscox financial ratios help investors to determine whether Hiscox Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hiscox with respect to the benefits of owning Hiscox security.