Old Republic International Stock Market Value
| ORI Stock | USD 30.30 0.01 0.03% |
| Symbol | Old |
Old Republic Interna Price To Book Ratio
Is Old Republic'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 Old Republic. If investors know Old 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 Old Republic 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 (0.60) | Dividend Share 0.98 | Earnings Share 2.1 | Revenue Per Share 25.672 | Quarterly Revenue Growth (0.17) |
The market value of Old Republic Interna is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Republic's value that differs from its market value or its book value, called intrinsic value, which is Old Republic'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 Old Republic's market value can be influenced by many factors that don't directly affect Old Republic'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 Old Republic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Republic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Republic'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.
Old Republic '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 Old Republic'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 Old Republic.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Old Republic on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Old Republic International or generate 0.0% return on investment in Old Republic over 30 days. Old Republic is related to or competes with Assicurazioni Generali, Ageas SANV, and AXA SA. Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related serv... More
Old Republic 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 Old Republic'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 Old Republic International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.68 |
Old Republic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Republic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old Republic's standard deviation. In reality, there are many statistical measures that can use Old Republic historical prices to predict the future Old Republic's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0618 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Old Republic'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.
Old Republic Interna Backtested Returns
We consider Old Republic very steady. Old Republic Interna maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Old Republic Interna, which you can use to evaluate the volatility of the company. Please check Old Republic's Coefficient Of Variation of 3547.15, semi deviation of 2.11, and Risk Adjusted Performance of 0.0235 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Old Republic has a performance score of 11 on a scale of 0 to 100. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Old Republic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Old Republic is expected to be smaller as well. Old Republic Interna right now holds a risk of 1.0%. Please check Old Republic Interna value at risk, and the relationship between the jensen alpha and skewness , to decide if Old Republic Interna will be following its historical price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Old Republic International has very good reverse predictability. Overlapping area represents the amount of predictability between Old Republic time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Old Republic Interna price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Old Republic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Old Republic Interna lagged returns against current returns
Autocorrelation, which is Old Republic 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 Old Republic's stock expected returns. We can calculate the autocorrelation of Old Republic returns to help us make a trade decision. For example, suppose you find that Old Republic 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 |
Old Republic 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 Old Republic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old Republic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old Republic stock over time.
Current vs Lagged Prices |
| Timeline |
Old Republic Lagged Returns
When evaluating Old Republic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old Republic stock have on its future price. Old Republic 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, Old Republic autocorrelation shows the relationship between Old Republic stock current value and its past values and can show if there is a momentum factor associated with investing in Old Republic International.
Regressed Prices |
| Timeline |
Old Republic Investors Sentiment
The influence of Old Republic'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 Old. 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 Old Republic's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old Republic International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old Republic'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 Old Republic'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 Old Republic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Old Republic.
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 Old Republic 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, Old Republic's short interest history, or implied volatility extrapolated from Old Republic options trading.
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Try AI Portfolio ArchitectCheck out Old Republic Correlation, Old Republic Volatility and Old Republic Alpha and Beta module to complement your research on Old Republic. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running Old Republic's price analysis, check to measure Old Republic'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 Old Republic is operating at the current time. Most of Old Republic's value examination focuses on studying past and present price action to predict the probability of Old Republic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Republic's price. Additionally, you may evaluate how the addition of Old Republic to your portfolios can decrease your overall portfolio volatility.
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