Homasote Co Stock Market Value
| HMTC Stock | USD 4.15 0.05 1.19% |
| Symbol | Homasote |
Homasote '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 Homasote's pink sheet 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 Homasote.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Homasote on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Homasote Co or generate 0.0% return on investment in Homasote over 720 days. Homasote is related to or competes with Simpson Manufacturing, West Fraser, Interfor, Ufp Industries, Canfor, and Svenska Cellulosa. Homasote Company manufactures and sells building and industrial products for the construction and manufacturing industri... More
Homasote 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 Homasote's pink sheet 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 Homasote Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 34.52 | |||
| Value At Risk | (2.88) |
Homasote Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homasote's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homasote's standard deviation. In reality, there are many statistical measures that can use Homasote historical prices to predict the future Homasote's volatility.| Risk Adjusted Performance | 0.0721 | |||
| Jensen Alpha | 0.4152 | |||
| Total Risk Alpha | 0.1511 | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Homasote'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.
Homasote Backtested Returns
Homasote appears to be risky, given 3 months investment horizon. Homasote holds Efficiency (Sharpe) Ratio of 0.0818, which attests that the entity had a 0.0818% return per unit of risk over the last 3 months. We have found twenty technical indicators for Homasote, which you can use to evaluate the volatility of the firm. Please utilize Homasote's Standard Deviation of 4.41, risk adjusted performance of 0.0721, and Market Risk Adjusted Performance of (0.15) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Homasote holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -2.08, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Homasote are expected to decrease by larger amounts. On the other hand, during market turmoil, Homasote is expected to outperform it. Please check Homasote's value at risk, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Homasote's current trending patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Homasote Co has good predictability. Overlapping area represents the amount of predictability between Homasote time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Homasote price movement. The serial correlation of 0.76 indicates that around 76.0% of current Homasote price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Homasote lagged returns against current returns
Autocorrelation, which is Homasote pink sheet'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 Homasote's pink sheet expected returns. We can calculate the autocorrelation of Homasote returns to help us make a trade decision. For example, suppose you find that Homasote has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Homasote 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 Homasote pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homasote pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homasote pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Homasote Lagged Returns
When evaluating Homasote's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homasote pink sheet have on its future price. Homasote 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, Homasote autocorrelation shows the relationship between Homasote pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Homasote Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Homasote Pink Sheet
Homasote financial ratios help investors to determine whether Homasote Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Homasote with respect to the benefits of owning Homasote security.