Rli Corp Stock Market Value
| RLI Stock | USD 175.90 4.34 2.41% |
| Symbol | RLI |
RLI Corp 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 RLI Corp. If investors know RLI 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 RLI Corp 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 6.103 | Dividend Share 1.12 | Earnings Share 9.08 | Revenue Per Share 38.608 | Quarterly Revenue Growth 0.417 |
The market value of RLI Corp is measured differently than its book value, which is the value of RLI that is recorded on the company's balance sheet. Investors also form their own opinion of RLI Corp's value that differs from its market value or its book value, called intrinsic value, which is RLI Corp'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 RLI Corp's market value can be influenced by many factors that don't directly affect RLI Corp'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 RLI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if RLI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RLI Corp'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.
RLI Corp '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 RLI Corp'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 RLI Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in RLI Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding RLI Corp or generate 0.0% return on investment in RLI Corp over 30 days. RLI Corp is related to or competes with Horace Mann, Kemper, Global Indemnity, Argo Group, Selective Insurance, Donegal Group, and Stewart Information. RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internatio... More
RLI Corp 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 RLI Corp'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 RLI Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0674 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.76 |
RLI Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RLI Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RLI Corp's standard deviation. In reality, there are many statistical measures that can use RLI Corp historical prices to predict the future RLI Corp's volatility.| Risk Adjusted Performance | 0.1344 | |||
| Jensen Alpha | 0.0869 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0613 | |||
| Treynor Ratio | 0.2123 |
RLI Corp Backtested Returns
RLI Corp appears to be very steady, given 3 months investment horizon. RLI Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for RLI Corp, which you can use to evaluate the volatility of the company. Please evaluate RLI Corp's semi deviation of 1.25, and Risk Adjusted Performance of 0.1344 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RLI Corp holds a performance score of 12. The company holds a Beta of 1.03, which implies a somewhat significant risk relative to the market. RLI Corp returns are very sensitive to returns on the market. As the market goes up or down, RLI Corp is expected to follow. Please check RLI Corp's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether RLI Corp's historical price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
RLI Corp has good predictability. Overlapping area represents the amount of predictability between RLI Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 RLI Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current RLI Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 4.83 |
RLI Corp lagged returns against current returns
Autocorrelation, which is RLI Corp 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 RLI Corp's stock expected returns. We can calculate the autocorrelation of RLI Corp returns to help us make a trade decision. For example, suppose you find that RLI Corp 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 |
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RLI Corp 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 RLI Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RLI Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RLI Corp stock over time.
Current vs Lagged Prices |
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RLI Corp Lagged Returns
When evaluating RLI Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RLI Corp stock have on its future price. RLI Corp 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, RLI Corp autocorrelation shows the relationship between RLI Corp stock current value and its past values and can show if there is a momentum factor associated with investing in RLI Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether RLI Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RLI Corp'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 Rli Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rli Corp Stock:Check out RLI Corp Correlation, RLI Corp Volatility and RLI Corp Alpha and Beta module to complement your research on RLI Corp. For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
RLI Corp 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.