HomeToGo (Germany) Market Value
| HTG Stock | 2.14 0.03 1.42% |
| Symbol | HomeToGo |
HomeToGo '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 HomeToGo'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 HomeToGo.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in HomeToGo on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding HomeToGo SE or generate 0.0% return on investment in HomeToGo over 720 days. HomeToGo is related to or competes with Tencent Holdings, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. More
HomeToGo 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 HomeToGo'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 HomeToGo SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0158 | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 4.26 |
HomeToGo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HomeToGo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HomeToGo's standard deviation. In reality, there are many statistical measures that can use HomeToGo historical prices to predict the future HomeToGo's volatility.| Risk Adjusted Performance | 0.0537 | |||
| Jensen Alpha | 0.1895 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HomeToGo'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.
HomeToGo SE Backtested Returns
HomeToGo appears to be risky, given 3 months investment horizon. HomeToGo SE holds Efficiency (Sharpe) Ratio of 0.0844, which attests that the entity had a 0.0844% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HomeToGo SE, which you can use to evaluate the volatility of the firm. Please utilize HomeToGo's Market Risk Adjusted Performance of (0.51), downside deviation of 2.23, and Risk Adjusted Performance of 0.0537 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HomeToGo holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HomeToGo are expected to decrease at a much lower rate. During the bear market, HomeToGo is likely to outperform the market. Please check HomeToGo's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether HomeToGo's current trending patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
HomeToGo SE has insignificant reverse predictability. Overlapping area represents the amount of predictability between HomeToGo time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 HomeToGo SE price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HomeToGo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
HomeToGo SE lagged returns against current returns
Autocorrelation, which is HomeToGo 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 HomeToGo's stock expected returns. We can calculate the autocorrelation of HomeToGo returns to help us make a trade decision. For example, suppose you find that HomeToGo 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 |
HomeToGo 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 HomeToGo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HomeToGo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HomeToGo stock over time.
Current vs Lagged Prices |
| Timeline |
HomeToGo Lagged Returns
When evaluating HomeToGo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HomeToGo stock have on its future price. HomeToGo 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, HomeToGo autocorrelation shows the relationship between HomeToGo stock current value and its past values and can show if there is a momentum factor associated with investing in HomeToGo SE.
Regressed Prices |
| Timeline |
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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.Additional Tools for HomeToGo Stock Analysis
When running HomeToGo's price analysis, check to measure HomeToGo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HomeToGo is operating at the current time. Most of HomeToGo's value examination focuses on studying past and present price action to predict the probability of HomeToGo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HomeToGo's price. Additionally, you may evaluate how the addition of HomeToGo to your portfolios can decrease your overall portfolio volatility.