Cincinnati Financial Stock Market Value
| CINF Stock | USD 120.96 1.01 0.84% |
| Symbol | Cincinnati |
Cincinnati Financial Price To Book Ratio
Is Cincinnati Financial'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 Cincinnati Financial. If investors know Cincinnati 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 Cincinnati Financial 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 0.17 | Dividend Share 3 | Earnings Share 11.66 | Revenue Per Share 63.777 | Quarterly Revenue Growth 0.077 |
The market value of Cincinnati Financial is measured differently than its book value, which is the value of Cincinnati that is recorded on the company's balance sheet. Investors also form their own opinion of Cincinnati Financial's value that differs from its market value or its book value, called intrinsic value, which is Cincinnati Financial'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 Cincinnati Financial's market value can be influenced by many factors that don't directly affect Cincinnati Financial'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 Cincinnati Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cincinnati Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cincinnati Financial'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.
Cincinnati Financial '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 Cincinnati Financial'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 Cincinnati Financial.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Cincinnati Financial on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cincinnati Financial or generate 0.0% return on investment in Cincinnati Financial over 30 days. Cincinnati Financial is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the U... More
Cincinnati Financial 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 Cincinnati Financial'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 Cincinnati Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0773 | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.5 |
Cincinnati Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cincinnati Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cincinnati Financial's standard deviation. In reality, there are many statistical measures that can use Cincinnati Financial historical prices to predict the future Cincinnati Financial's volatility.| Risk Adjusted Performance | 0.0921 | |||
| Jensen Alpha | 0.1236 | |||
| Total Risk Alpha | 0.0147 | |||
| Sortino Ratio | 0.0848 | |||
| Treynor Ratio | 0.247 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cincinnati Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cincinnati Financial Backtested Returns
We consider Cincinnati Financial very steady. Cincinnati Financial secures Sharpe Ratio (or Efficiency) of 0.0986, which signifies that the company had a 0.0986% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cincinnati Financial, which you can use to evaluate the volatility of the firm. Please confirm Cincinnati Financial's Risk Adjusted Performance of 0.0921, downside deviation of 1.21, and Mean Deviation of 0.9286 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Cincinnati Financial has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cincinnati Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cincinnati Financial is expected to be smaller as well. Cincinnati Financial right now shows a risk of 1.32%. Please confirm Cincinnati Financial sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Cincinnati Financial will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
Cincinnati Financial has poor predictability. Overlapping area represents the amount of predictability between Cincinnati Financial time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cincinnati Financial price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Cincinnati Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.72 |
Cincinnati Financial lagged returns against current returns
Autocorrelation, which is Cincinnati Financial 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 Cincinnati Financial's stock expected returns. We can calculate the autocorrelation of Cincinnati Financial returns to help us make a trade decision. For example, suppose you find that Cincinnati Financial 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 |
Cincinnati Financial 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 Cincinnati Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cincinnati Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cincinnati Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Cincinnati Financial Lagged Returns
When evaluating Cincinnati Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cincinnati Financial stock have on its future price. Cincinnati Financial 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, Cincinnati Financial autocorrelation shows the relationship between Cincinnati Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Cincinnati Financial.
Regressed Prices |
| Timeline |
Cincinnati Financial Investors Sentiment
The influence of Cincinnati Financial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cincinnati. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cincinnati Financial's public news can be used to forecast risks associated with an investment in Cincinnati. The trend in average sentiment can be used to explain how an investor holding Cincinnati can time the market purely based on public headlines and social activities around Cincinnati Financial. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cincinnati Financial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cincinnati Financial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cincinnati Financial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cincinnati Financial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cincinnati Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cincinnati Financial's short interest history, or implied volatility extrapolated from Cincinnati Financial options trading.
Pair Trading with Cincinnati Financial
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 Cincinnati Financial 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 Cincinnati Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Cincinnati Stock
| 0.83 | L | Loews Corp Earnings Call This Week | PairCorr |
| 0.64 | CB | Chubb Earnings Call Tomorrow | PairCorr |
| 0.66 | DOMA | Doma Holdings | PairCorr |
| 0.82 | FRFHF | Fairfax Financial | PairCorr |
Moving against Cincinnati Stock
| 0.7 | FACO | First Acceptance Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cincinnati Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cincinnati Financial 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 Cincinnati Financial - 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 Cincinnati Financial to buy it.
The correlation of Cincinnati Financial 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 Cincinnati Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cincinnati Financial 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 Cincinnati Financial 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 Cincinnati Financial Correlation, Cincinnati Financial Volatility and Cincinnati Financial Alpha and Beta module to complement your research on Cincinnati Financial. For more detail on how to invest in Cincinnati Stock please use our How to Invest in Cincinnati Financial guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Cincinnati Stock analysis
When running Cincinnati Financial's price analysis, check to measure Cincinnati Financial'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 Cincinnati Financial is operating at the current time. Most of Cincinnati Financial's value examination focuses on studying past and present price action to predict the probability of Cincinnati Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cincinnati Financial's price. Additionally, you may evaluate how the addition of Cincinnati Financial to your portfolios can decrease your overall portfolio volatility.
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Cincinnati Financial 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.