Hagerty Stock Market Value
| HGTY Stock | USD 11.06 0.07 0.63% |
| Symbol | Hagerty |
Hagerty Price To Book Ratio
Is Property & Casualty Insurance space 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 Hagerty. If investors know Hagerty 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 Hagerty 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 (0.22) | Earnings Share 0.14 | Revenue Per Share 13.385 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0197 |
The market value of Hagerty is measured differently than its book value, which is the value of Hagerty that is recorded on the company's balance sheet. Investors also form their own opinion of Hagerty's value that differs from its market value or its book value, called intrinsic value, which is Hagerty'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 Hagerty's market value can be influenced by many factors that don't directly affect Hagerty'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 Hagerty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hagerty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hagerty'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.
Hagerty '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 Hagerty'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 Hagerty.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Hagerty on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Hagerty or generate 0.0% return on investment in Hagerty over 390 days. Hagerty is related to or competes with W R, Markel, RLI Corp, CNA Financial, White Mountains, and W R. It offers automobile and boat insurance products and reinsurance products More
Hagerty 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 Hagerty'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 Hagerty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.17 |
Hagerty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hagerty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hagerty's standard deviation. In reality, there are many statistical measures that can use Hagerty historical prices to predict the future Hagerty's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0343 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hagerty'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.
Hagerty Backtested Returns
At this stage we consider Hagerty Stock to be not too volatile. Hagerty holds Efficiency (Sharpe) Ratio of 0.002, which attests that the entity had a 0.002% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hagerty, which you can use to evaluate the volatility of the firm. Please check out Hagerty's Downside Deviation of 1.67, risk adjusted performance of 0.0199, and Market Risk Adjusted Performance of 0.0443 to validate if the risk estimate we provide is consistent with the expected return of 0.0033%. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hagerty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hagerty is expected to be smaller as well. Hagerty right now retains a risk of 1.68%. Please check out Hagerty sortino ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Hagerty will be following its current trending patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Hagerty has virtually no predictability. Overlapping area represents the amount of predictability between Hagerty time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Hagerty price movement. The serial correlation of 0.02 indicates that only 2.0% of current Hagerty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Hagerty lagged returns against current returns
Autocorrelation, which is Hagerty 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 Hagerty's stock expected returns. We can calculate the autocorrelation of Hagerty returns to help us make a trade decision. For example, suppose you find that Hagerty 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 |
Hagerty 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 Hagerty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hagerty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hagerty stock over time.
Current vs Lagged Prices |
| Timeline |
Hagerty Lagged Returns
When evaluating Hagerty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hagerty stock have on its future price. Hagerty 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, Hagerty autocorrelation shows the relationship between Hagerty stock current value and its past values and can show if there is a momentum factor associated with investing in Hagerty.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hagerty Stock Analysis
When running Hagerty's price analysis, check to measure Hagerty'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 Hagerty is operating at the current time. Most of Hagerty's value examination focuses on studying past and present price action to predict the probability of Hagerty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hagerty's price. Additionally, you may evaluate how the addition of Hagerty to your portfolios can decrease your overall portfolio volatility.