Home Capital's market value is the price at which a share of Home Capital trades on a public exchange. It measures the collective expectations of Home Capital Rentals investors about its performance. Home Capital is trading at 6.55 as of the 4th of December 2024, a 8.39% down since the beginning of the trading day. The stock's open price was 7.15. With this module, you can estimate the performance of a buy and hold strategy of Home Capital Rentals and determine expected loss or profit from investing in Home Capital over a given investment horizon. Check out Your Current Watchlist 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
Home
Home Capital '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 Home Capital'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 Home Capital.
0.00
12/15/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/04/2024
0.00
If you would invest 0.00 in Home Capital on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Home Capital Rentals or generate 0.0% return on investment in Home Capital over 720 days.
Home Capital 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 Home Capital'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 Home Capital Rentals 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 Home Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Capital's standard deviation. In reality, there are many statistical measures that can use Home Capital historical prices to predict the future Home Capital's volatility.
Home Capital Rentals holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Home Capital Rentals exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Home Capital's Standard Deviation of 1.03, risk adjusted performance of (0.09), and Market Risk Adjusted Performance of (2.17) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.063, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Home Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Home Capital is expected to be smaller as well. At this point, Home Capital Rentals has a negative expected return of -0.13%. Please make sure to check out Home Capital's daily balance of power, day median price, and the relationship between the kurtosis and rate of daily change , to decide if Home Capital Rentals performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.07
Very weak reverse predictability
Home Capital Rentals has very weak reverse predictability. Overlapping area represents the amount of predictability between Home Capital time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 Home Capital Rentals price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Home Capital price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
0.77
Residual Average
0.0
Price Variance
0.01
Home Capital Rentals lagged returns against current returns
Autocorrelation, which is Home Capital 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 Home Capital's stock expected returns. We can calculate the autocorrelation of Home Capital returns to help us make a trade decision. For example, suppose you find that Home Capital 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
Home Capital 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 Home Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Capital stock over time.
Current vs Lagged Prices
Timeline
Home Capital Lagged Returns
When evaluating Home Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Capital stock have on its future price. Home Capital 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, Home Capital autocorrelation shows the relationship between Home Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Home Capital Rentals.
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.