Homeritz Bhd's market value is the price at which a share of Homeritz Bhd trades on a public exchange. It measures the collective expectations of Homeritz Bhd investors about its performance. Homeritz Bhd is selling for 0.58 as of the 27th of December 2024. This is a 1.69 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.58. With this module, you can estimate the performance of a buy and hold strategy of Homeritz Bhd and determine expected loss or profit from investing in Homeritz Bhd over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Homeritz
Homeritz Bhd '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 Homeritz Bhd'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 Homeritz Bhd.
0.00
01/07/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/27/2024
0.00
If you would invest 0.00 in Homeritz Bhd on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Homeritz Bhd or generate 0.0% return on investment in Homeritz Bhd over 720 days.
Homeritz Bhd 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 Homeritz Bhd'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 Homeritz Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homeritz Bhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homeritz Bhd's standard deviation. In reality, there are many statistical measures that can use Homeritz Bhd historical prices to predict the future Homeritz Bhd's volatility.
As of now, Homeritz Stock is extremely dangerous. Homeritz Bhd holds Efficiency (Sharpe) Ratio of 0.0684, which attests that the entity had a 0.0684% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Homeritz Bhd, which you can use to evaluate the volatility of the firm. Please check out Homeritz Bhd's Downside Deviation of 3.91, risk adjusted performance of 0.0591, and Market Risk Adjusted Performance of 2.01 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Homeritz Bhd has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0778, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Homeritz Bhd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Homeritz Bhd is expected to be smaller as well. Homeritz Bhd right now retains a risk of 2.57%. Please check out Homeritz Bhd information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Homeritz Bhd will be following its current trending patterns.
Auto-correlation
-0.49
Modest reverse predictability
Homeritz Bhd has modest reverse predictability. Overlapping area represents the amount of predictability between Homeritz Bhd time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Homeritz Bhd price movement. The serial correlation of -0.49 indicates that about 49.0% of current Homeritz Bhd price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.49
Spearman Rank Test
-0.04
Residual Average
0.0
Price Variance
0.0
Homeritz Bhd lagged returns against current returns
Autocorrelation, which is Homeritz Bhd 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 Homeritz Bhd's stock expected returns. We can calculate the autocorrelation of Homeritz Bhd returns to help us make a trade decision. For example, suppose you find that Homeritz Bhd 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
Homeritz Bhd 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 Homeritz Bhd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homeritz Bhd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homeritz Bhd stock over time.
Current vs Lagged Prices
Timeline
Homeritz Bhd Lagged Returns
When evaluating Homeritz Bhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homeritz Bhd stock have on its future price. Homeritz Bhd 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, Homeritz Bhd autocorrelation shows the relationship between Homeritz Bhd stock current value and its past values and can show if there is a momentum factor associated with investing in Homeritz Bhd.
Regressed Prices
Timeline
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