Neinor Homes (Spain) Market Value
| HOME Stock | EUR 15.12 0.06 0.40% |
| Symbol | Neinor |
Neinor Homes '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 Neinor Homes' 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 Neinor Homes.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Neinor Homes on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Neinor Homes SLU or generate 0.0% return on investment in Neinor Homes over 30 days. Neinor Homes is related to or competes with Aedas Homes, Metrovacesa, Merlin Properties, and Lar Espana. Neinor Homes, S.A., together with its subsidiaries, develops, promotes, rental, and manages real estate properties in Sp... More
Neinor Homes 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 Neinor Homes' 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 Neinor Homes SLU upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1132 | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.15 |
Neinor Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neinor Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neinor Homes' standard deviation. In reality, there are many statistical measures that can use Neinor Homes historical prices to predict the future Neinor Homes' volatility.| Risk Adjusted Performance | 0.1537 | |||
| Jensen Alpha | 0.3064 | |||
| Total Risk Alpha | 0.0728 | |||
| Sortino Ratio | 0.1328 | |||
| Treynor Ratio | (0.57) |
Neinor Homes SLU Backtested Returns
Neinor Homes appears to be not too volatile, given 3 months investment horizon. Neinor Homes SLU has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Neinor Homes, which you can use to evaluate the volatility of the firm. Please exercise Neinor Homes' Risk Adjusted Performance of 0.1537, mean deviation of 0.9759, and Downside Deviation of 1.17 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neinor Homes holds a performance score of 15. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Neinor Homes are expected to decrease at a much lower rate. During the bear market, Neinor Homes is likely to outperform the market. Please check Neinor Homes' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Neinor Homes' current price movements will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Neinor Homes SLU has insignificant reverse predictability. Overlapping area represents the amount of predictability between Neinor Homes time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Neinor Homes SLU price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Neinor Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Neinor Homes SLU lagged returns against current returns
Autocorrelation, which is Neinor Homes 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 Neinor Homes' stock expected returns. We can calculate the autocorrelation of Neinor Homes returns to help us make a trade decision. For example, suppose you find that Neinor Homes 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 |
Neinor Homes 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 Neinor Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neinor Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neinor Homes stock over time.
Current vs Lagged Prices |
| Timeline |
Neinor Homes Lagged Returns
When evaluating Neinor Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neinor Homes stock have on its future price. Neinor Homes 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, Neinor Homes autocorrelation shows the relationship between Neinor Homes stock current value and its past values and can show if there is a momentum factor associated with investing in Neinor Homes SLU.
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 Neinor Stock
Neinor Homes financial ratios help investors to determine whether Neinor Stock 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 Neinor with respect to the benefits of owning Neinor Homes security.