The Hanover Insurance Stock Alpha and Beta Analysis
| THG Stock | USD 132.62 0.90 0.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as The Hanover Insurance. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hanover Insurance over a specified time horizon. Remember, high Hanover Insurance's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Hanover Insurance's market risk premium analysis include:
Beta 0.6 | Alpha 0.0111 | Risk 1.21 | Sharpe Ratio 0.0322 | Expected Return 0.039 |
Hanover Insurance Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Hanover |
Hanover Insurance Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hanover Insurance market risk premium is the additional return an investor will receive from holding Hanover Insurance long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hanover Insurance. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hanover Insurance's performance over market.| α | 0.01 | β | 0.60 |
Hanover Insurance expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hanover Insurance's Buy-and-hold return. Our buy-and-hold chart shows how Hanover Insurance performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Hanover Insurance Market Price Analysis
Market price analysis indicators help investors to evaluate how Hanover Insurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hanover Insurance shares will generate the highest return on investment. By understating and applying Hanover Insurance stock market price indicators, traders can identify Hanover Insurance position entry and exit signals to maximize returns.
Hanover Insurance Return and Market Media
The median price of Hanover Insurance for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 130.47 with a coefficient of variation of 1.91. The daily time series for the period is distributed with a sample standard deviation of 2.5, arithmetic mean of 130.71, and mean deviation of 2.03. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Hanover Insurance Q4 Earnings Snapshot | 01/31/2024 |
2 | The Hanover Insurance Group, Inc. Is Going Strong But Fundamentals Appear To Be Mixed Is There A Clear Direction For The Stock | 02/15/2024 |
3 | Disposition of 22305 shares by John Roche of Hanover Insurance at 54.61 subject to Rule 16b-3 | 02/16/2024 |
4 | Acquisition by Denise Lowsley of 3523 shares of Hanover Insurance at 134.26 subject to Rule 16b-3 | 02/27/2024 |
5 | Hunter Perkins Capital Management LLC Trims Stock Position in The Hanover Insurance Group, Inc. - MarketBeat | 03/27/2024 |
6 | Acquisition by Warren Barnes of tradable shares of Hanover Insurance subject to Rule 16b-3 | 03/28/2024 |
7 | A Glimpse Into The Expert Outlook On Hanover Insurance Gr Through 4 Analysts - Hanover Insurance Gr NYSE - Benzinga | 04/01/2024 |
8 | Pacer Advisors Inc. Acquires 4311 Shares of The Hanover Insurance Group, Inc. - Defense World | 04/04/2024 |
9 | International Assets Investment Management LLC Has 56.47 Million Stock Holdings in The Hanover Insurance Group ... - Defense World | 04/08/2024 |
10 | The Hanover Insurance Group Given New 142.00 Price Target at Keefe, Bruyette Woods - Defense World | 04/11/2024 |
11 | The Hanover Insurance Group, Inc. to Hold Annual Meeting of Shareholders on May 14 | 04/15/2024 |
12 | The Hanover Insurance Group, Inc. Holdings Lowered by Mutual of America Capital Management LLC - Defense World | 04/19/2024 |
13 | Institutional investors control 87 percent of The Hanover Insurance Group, Inc. and were rewarded last week after stock increased 3.2 | 04/23/2024 |
About Hanover Insurance Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hanover or other stocks. Alpha measures the amount that position in Hanover Insurance has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0217 | 0.027 | 0.014 | Price To Sales Ratio | 0.9 | 0.72 | 0.6 |
Hanover Insurance Upcoming Company Events
As portrayed in its financial statements, the presentation of Hanover Insurance's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hanover Insurance's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Hanover Insurance's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Hanover Insurance. Please utilize our Beneish M Score to check the likelihood of Hanover Insurance's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Hanover Insurance
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Check out Hanover Insurance Backtesting, Hanover Insurance Valuation, Hanover Insurance Correlation, Hanover Insurance Hype Analysis, Hanover Insurance Volatility, Hanover Insurance History and analyze Hanover Insurance Performance. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Hanover Stock analysis
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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Hanover Insurance 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.