Horace Mann Educators Stock Market Value
| HMN Stock | USD 37.85 0.12 0.32% |
| Symbol | Horace |
Horace Mann Educators Price To Book Ratio
Is Horace Mann'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 Horace Mann. If investors know Horace 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 Horace Mann 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 (0.43) | Dividend Share 1.32 | Earnings Share 1.09 | Revenue Per Share 36.123 | Quarterly Revenue Growth 0.163 |
The market value of Horace Mann Educators is measured differently than its book value, which is the value of Horace that is recorded on the company's balance sheet. Investors also form their own opinion of Horace Mann's value that differs from its market value or its book value, called intrinsic value, which is Horace Mann'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 Horace Mann's market value can be influenced by many factors that don't directly affect Horace Mann'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 Horace Mann's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horace Mann is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horace Mann'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.
Horace Mann '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 Horace Mann'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 Horace Mann.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Horace Mann on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Horace Mann Educators or generate 0.0% return on investment in Horace Mann over 30 days. Horace Mann is related to or competes with Global Indemnity, Selective Insurance, Kemper, Stewart Information, RLI Corp, Chubb, and Progressive Corp. Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the Unite... More
Horace Mann 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 Horace Mann'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 Horace Mann Educators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.36 |
Horace Mann Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horace Mann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horace Mann's standard deviation. In reality, there are many statistical measures that can use Horace Mann historical prices to predict the future Horace Mann's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0403 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horace Mann'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.
Horace Mann Educators Backtested Returns
We consider Horace Mann very steady. Horace Mann Educators holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Horace Mann Educators, which you can use to evaluate the volatility of the firm. Please check out Horace Mann's Risk Adjusted Performance of 0.0237, market risk adjusted performance of 0.0503, and Downside Deviation of 1.19 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Horace Mann has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horace Mann's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horace Mann is expected to be smaller as well. Horace Mann Educators right now retains a risk of 1.2%. Please check out Horace Mann value at risk, as well as the relationship between the skewness and day median price , to decide if Horace Mann will be following its current trending patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Horace Mann Educators has very good reverse predictability. Overlapping area represents the amount of predictability between Horace Mann time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Horace Mann Educators price movement. The serial correlation of -0.69 indicates that around 69.0% of current Horace Mann price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Horace Mann Educators lagged returns against current returns
Autocorrelation, which is Horace Mann 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 Horace Mann's stock expected returns. We can calculate the autocorrelation of Horace Mann returns to help us make a trade decision. For example, suppose you find that Horace Mann 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 |
Horace Mann 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 Horace Mann stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horace Mann stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horace Mann stock over time.
Current vs Lagged Prices |
| Timeline |
Horace Mann Lagged Returns
When evaluating Horace Mann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horace Mann stock have on its future price. Horace Mann 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, Horace Mann autocorrelation shows the relationship between Horace Mann stock current value and its past values and can show if there is a momentum factor associated with investing in Horace Mann Educators.
Regressed Prices |
| Timeline |
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When running Horace Mann's price analysis, check to measure Horace Mann'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 Horace Mann is operating at the current time. Most of Horace Mann's value examination focuses on studying past and present price action to predict the probability of Horace Mann's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horace Mann's price. Additionally, you may evaluate how the addition of Horace Mann to your portfolios can decrease your overall portfolio volatility.
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