Hanover Total Other Income Expense Net vs Other Operating Expenses Analysis
| THG Stock | USD 131.15 1.33 1.02% |
Hanover Insurance financial indicator trend analysis is much more than just examining Hanover Insurance latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hanover Insurance is a good investment. Please check the relationship between Hanover Insurance Total Other Income Expense Net and its Other Operating Expenses accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Total Other Income Expense Net vs Other Operating Expenses
Total Other Income Expense Net vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hanover Insurance Total Other Income Expense Net account and Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hanover Insurance's Total Other Income Expense Net and Other Operating Expenses is -0.28. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of The Hanover Insurance, assuming nothing else is changed. The correlation between historical values of Hanover Insurance's Total Other Income Expense Net and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of The Hanover Insurance are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Other Income Expense Net i.e., Hanover Insurance's Total Other Income Expense Net and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.28 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Other Income Expense Net
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hanover Insurance. It is also known as Hanover Insurance overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Hanover Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hanover Insurance current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Hanover Insurance's Enterprise Value is most likely to increase significantly in the upcoming years.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.2B | 5.5B | 6.0B | 4.3B | Total Revenue | 5.2B | 5.5B | 6.0B | 4.3B |
Hanover Insurance fundamental ratios Correlations
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Hanover Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hanover Insurance fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 12.5B | 13.4B | 14.3B | 14.0B | 12.7B | 13.4B | |
| Short Long Term Debt Total | 653.4M | 780.8M | 781.6M | 782.4M | 783.2M | 634.8M | |
| Other Current Liab | (53.4M) | (48.4M) | (55.1M) | 661.4M | 6.0B | 6.8B | |
| Total Current Liabilities | 53.4M | 48.4M | 55.1M | 731.7M | 6.1B | 5.2B | |
| Total Stockholder Equity | 2.9B | 3.2B | 3.1B | 2.3B | 2.5B | 2.7B | |
| Net Debt | 437.7M | 660.2M | 550.7M | 477.4M | 467.1M | 490.5M | |
| Retained Earnings | 2.4B | 2.7B | 3.0B | 3.0B | 2.9B | 1.5B | |
| Net Receivables | 3.1B | 3.2B | 3.4B | 3.6B | 3.8B | 2.7B | |
| Common Stock Shares Outstanding | 40.6M | 38.1M | 36.4M | 36.1M | 32.5M | 38.3M | |
| Liabilities And Stockholders Equity | 12.5B | 13.4B | 14.3B | 14.0B | 12.7B | 13.4B | |
| Non Current Liabilities Total | 705.2M | 878.1M | 842.4M | 10.9B | 4.1B | 7.5B | |
| Other Stockholder Equity | 352.1M | 161.1M | 38.9M | 41.7M | 72.8M | 69.2M | |
| Total Liab | 9.6B | 10.2B | 11.1B | 11.7B | 10.2B | 11.4B | |
| Total Current Assets | 3.3B | 3.3B | 3.6B | 2.7B | 2.5B | 2.3B | |
| Cash | 215.7M | 120.6M | 230.9M | 305M | 316.1M | 317.1M | |
| Non Current Assets Total | 7.4B | 8.2B | 8.6B | 378M | 10.1B | 10.7B | |
| Non Currrent Assets Other | (7.4B) | (8.2B) | (8.6B) | (7.7B) | 1.3B | 1.3B | |
| Other Assets | 1.8B | 1.9B | 2.1B | 10.9B | 9.8B | 8.8B | |
| Cash And Short Term Investments | 215.7M | 120.6M | 230.9M | 305M | 3.3B | 3.4B | |
| Short Term Investments | 6.7B | 7.5B | 767.4M | 786.1M | 468.6M | 445.2M | |
| Accumulated Other Comprehensive Income | 152.6M | 372.5M | 122.2M | (705.5M) | (517.2M) | (491.3M) | |
| Other Liab | 3.6B | 4.0B | 97.3M | 60.8M | 69.9M | 66.4M | |
| Accounts Payable | 53.4M | 48.4M | 55.1M | 70.3M | 64.3M | 61.1M | |
| Long Term Debt | 653.4M | 780.8M | 781.6M | 782.4M | 783.2M | 697.6M | |
| Treasury Stock | (1.5B) | (1.7B) | (1.8B) | (1.9B) | (1.7B) | (1.6B) | |
| Other Current Assets | 1.9B | 1.9B | 2.0B | (2.0B) | 2.5B | 3.4B | |
| Retained Earnings Total Equity | 2.4B | 2.7B | 3.0B | 3.0B | 3.4B | 1.9B | |
| Inventory | (1.9B) | (1.9B) | (2.0B) | 786.1M | (7.0B) | (6.7B) | |
| Net Tangible Assets | 2.7B | 3.0B | 3.0B | 2.1B | 2.5B | 2.9B | |
| Long Term Debt Total | 653.4M | 780.8M | 781.6M | 782.4M | 704.2M | 641.4M | |
| Capital Surpluse | 1.8B | 1.9B | 1.9B | 1.9B | 2.2B | 2.0B | |
| Long Term Investments | 8.0B | 8.9B | 9.2B | 8.6B | 8.1B | 8.9B | |
| Non Current Liabilities Other | 8.2B | 8.7B | 9.4B | 10.2B | 9.1B | 7.4B |
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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 World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Hanover Insurance information on this page should be used as a complementary analysis to other Hanover Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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When running Hanover Insurance's price analysis, check to measure Hanover Insurance'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 Hanover Insurance is operating at the current time. Most of Hanover Insurance's value examination focuses on studying past and present price action to predict the probability of Hanover Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Insurance's price. Additionally, you may evaluate how the addition of Hanover Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Hanover Insurance's industry 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 Hanover Insurance. If investors know Hanover 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 Hanover Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 16.105 | Dividend Share 3.28 | Earnings Share 0.93 | Revenue Per Share 167.885 | Quarterly Revenue Growth 0.034 |
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover Insurance'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 Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover Insurance'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 Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Insurance'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.