Assurant Stock Market Value

AIZ Stock  USD 183.27  1.78  0.98%   
Assurant's market value is the price at which a share of Assurant trades on a public exchange. It measures the collective expectations of Assurant investors about its performance. Assurant is trading at 183.27 as of the 28th of March 2024; that is 0.98% increase since the beginning of the trading day. The stock's open price was 181.49.
With this module, you can estimate the performance of a buy and hold strategy of Assurant and determine expected loss or profit from investing in Assurant over a given investment horizon. Check out Assurant Correlation, Assurant Volatility and Assurant Alpha and Beta module to complement your research on Assurant.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.
Symbol

Assurant Price To Book Ratio

Is Assurant'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 Assurant. If investors know Assurant 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 Assurant 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
1.69
Dividend Share
2.82
Earnings Share
11.95
Revenue Per Share
208.242
Quarterly Revenue Growth
0.125
The market value of Assurant is measured differently than its book value, which is the value of Assurant that is recorded on the company's balance sheet. Investors also form their own opinion of Assurant's value that differs from its market value or its book value, called intrinsic value, which is Assurant'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 Assurant's market value can be influenced by many factors that don't directly affect Assurant'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 Assurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Assurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Assurant'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.

Assurant '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 Assurant'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 Assurant.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Assurant on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Assurant or generate 0.0% return on investment in Assurant over 30 days. Assurant is related to or competes with Essent, NMI Holdings, Enact Holdings, Assured Guaranty, AXIS Capital, Employers Holdings, and First American. Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and conn... More

Assurant 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 Assurant'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 Assurant upside and downside potential and time the market with a certain degree of confidence.

Assurant Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Assurant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assurant's standard deviation. In reality, there are many statistical measures that can use Assurant historical prices to predict the future Assurant's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Assurant'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.
Hype
Prediction
LowEstimatedHigh
182.75183.73184.71
Details
Intrinsic
Valuation
LowRealHigh
153.88154.86201.60
Details
Naive
Forecast
LowNextHigh
182.11183.09184.07
Details
6 Analysts
Consensus
LowTargetHigh
153.43168.60187.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Assurant. Your research has to be compared to or analyzed against Assurant's peers to derive any actionable benefits. When done correctly, Assurant's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Assurant.

Assurant Backtested Returns

We consider Assurant very steady. Assurant secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Assurant, which you can use to evaluate the volatility of the firm. Please confirm Assurant's Downside Deviation of 0.8487, risk adjusted performance of 0.1116, and Mean Deviation of 0.6826 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Assurant has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Assurant's returns are expected to increase less than the market. However, during the bear market, the loss of holding Assurant is expected to be smaller as well. Assurant right now shows a risk of 0.95%. Please confirm Assurant expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Assurant will be following its price patterns.

Auto-correlation

    
  0.03  

Virtually no predictability

Assurant has virtually no predictability. Overlapping area represents the amount of predictability between Assurant time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Assurant price movement. The serial correlation of 0.03 indicates that only 3.0% of current Assurant price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.1
Residual Average0.0
Price Variance2.3

Assurant lagged returns against current returns

Autocorrelation, which is Assurant 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 Assurant's stock expected returns. We can calculate the autocorrelation of Assurant returns to help us make a trade decision. For example, suppose you find that Assurant 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  

Assurant 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 Assurant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assurant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assurant stock over time.
   Current vs Lagged Prices   
       Timeline  

Assurant Lagged Returns

When evaluating Assurant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assurant stock have on its future price. Assurant 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, Assurant autocorrelation shows the relationship between Assurant stock current value and its past values and can show if there is a momentum factor associated with investing in Assurant.
   Regressed Prices   
       Timeline  

Pair Trading with Assurant

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 Assurant 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 Assurant will appreciate offsetting losses from the drop in the long position's value.

Moving together with Assurant Stock

  0.92AGO Assured Guaranty Financial Report 14th of May 2024 PairCorr

Moving against Assurant Stock

  0.81MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.78FAF First American Normal TradingPairCorr
  0.76TIPT TiptreePairCorr
  0.75DHIL Diamond Hill InvestmentPairCorr
  0.65MBWM Mercantile Bank Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Assurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assurant 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 Assurant - 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 Assurant to buy it.
The correlation of Assurant 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 Assurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assurant 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 Assurant 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.
Pair CorrelationCorrelation Matching
When determining whether Assurant offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Assurant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Assurant Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Assurant Stock:
Check out Assurant Correlation, Assurant Volatility and Assurant Alpha and Beta module to complement your research on Assurant.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Assurant's price analysis, check to measure Assurant'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 Assurant is operating at the current time. Most of Assurant's value examination focuses on studying past and present price action to predict the probability of Assurant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Assurant's price. Additionally, you may evaluate how the addition of Assurant to your portfolios can decrease your overall portfolio volatility.
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Assurant 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.
A focus of Assurant technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Assurant trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...