Third Point Reinsurance Ltd. (NYSE:TPRE): Stochastic Analysis


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Third Point Reinsurance Ltd. (NYSE:TPRE) for the period of 9-Day stands at 74.87% while the stochastic %D for the same period stands at 68.13%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Third Point Reinsurance Ltd. (NYSE:TPRE) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Third Point Reinsurance Ltd. (NYSE:TPRE) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Third Point Reinsurance Ltd. (NYSE:TPRE)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Third Point Reinsurance Ltd. is a property and casualty reinsurance company. The Company operates in two segments: Property and Casualty Reinsurance and Catastrophe Risk Management. Third Point engages in underwriting property, auto, workers compensation, and crop quota share contracts for insurance and reinsurance companies. It also underwrites property catastrophe exposures and writes excess of loss catastrophe reinsurance. Third Point Reinsurance Ltd. is based in Bermuda.

Previous Day Activity Analysis

On the last trading day, Third Point Reinsurance Ltd. (NYSE:TPRE) opened the session at $16.85 and after going down -0.3% closed at $16.8. The stock lost -0.05 points in the last trade.

Third Point Reinsurance Ltd. (NYSE:TPRE)’s stock fluctuated in the range of $16.70 and $17.10 during the previous active session. Third Point Reinsurance Ltd. (NYSE:TPRE) traded with the volume of 1.06 Million with average volume of 826.39 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 1.28 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.35 and 61.95 respectively.

Currently the Insider Ownership of the shares of Third Point Reinsurance Ltd. (NYSE:TPRE) is at 1.5% and the shares outstanding are 107.06 Million.

Important Ratio Analysis

Some important ratios to consider here for Third Point Reinsurance Ltd. (NYSE:TPRE) are discussed below:

Price to Earnings P/E ratio stands at 9.44 while Forward P/E shows the value of 7.64.

The PEG ratio (Price to Earning to Growth) emits the value of 0.63. The Price to Sale P/S and Price to Book P/B shows the value of 2 and 1.06 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 281.03 and 58.02 correspondingly.

Return on Assets ROA of Third Point Reinsurance Ltd. (NYSE:TPRE) is at 4.6% whereas, Return on Equity ROE and Return of Investment ROI of Third Point Reinsurance Ltd. (NYSE:TPRE) stand at 12.3% and 1.1% respectively.

Stock Performance Analysis

The stock performance of Third Point Reinsurance Ltd. (NYSE:TPRE) on the basis of 5 day trade show the jump of 2.13% whereas, the monthly performance of the stock shows increase of 1.82%.

The quarterly performance of the stock remained in green zone with the value of 15.46% while six month performance of the shares of Third Point Reinsurance Ltd. (NYSE:TPRE) remained bullish with the count of 38.84%.

The yearly and YTD performance of Third Point Reinsurance Ltd. (NYSE:TPRE) remained up at 32.81% and 45.45% respectively.