Hovnanian Enterprises Stock Market Value
| HOV Stock | USD 168.89 1.00 0.60% |
| Symbol | Hovnanian |
Hovnanian Enterprises Price To Book Ratio
Is Hovnanian Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hovnanian Enterprises. If investors know Hovnanian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hovnanian Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.288 | Earnings Share 27.53 | Revenue Per Share 449.441 | Quarterly Revenue Growth 0.153 | Return On Assets 0.0721 |
The market value of Hovnanian Enterprises is measured differently than its book value, which is the value of Hovnanian that is recorded on the company's balance sheet. Investors also form their own opinion of Hovnanian Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Hovnanian Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hovnanian Enterprises' market value can be influenced by many factors that don't directly affect Hovnanian Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hovnanian Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hovnanian Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hovnanian Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hovnanian Enterprises '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 Hovnanian Enterprises' 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 Hovnanian Enterprises.
| 04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in Hovnanian Enterprises on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding Hovnanian Enterprises or generate 0.0% return on investment in Hovnanian Enterprises over 30 days. Hovnanian Enterprises is related to or competes with Taylor Morn, KB Home, MI Homes, Century Communities, Lennar, PulteGroup, and Beazer Homes. Hovnanian Enterprises, Inc. engages in the design, construction, marketing, and sale of residential homes in the United ... More
Hovnanian Enterprises 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 Hovnanian Enterprises' 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 Hovnanian Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.0206 | |||
| Maximum Drawdown | 15.37 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 6.92 |
Hovnanian Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hovnanian Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hovnanian Enterprises' standard deviation. In reality, there are many statistical measures that can use Hovnanian Enterprises historical prices to predict the future Hovnanian Enterprises' volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0223 | |||
| Treynor Ratio | 0.0398 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hovnanian Enterprises' 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.
Hovnanian Enterprises Backtested Returns
We consider Hovnanian Enterprises very steady. Hovnanian Enterprises holds Efficiency (Sharpe) Ratio of 0.0203, which attests that the entity had a 0.0203% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hovnanian Enterprises, which you can use to evaluate the volatility of the firm. Please check out Hovnanian Enterprises' Risk Adjusted Performance of 0.0347, market risk adjusted performance of 0.0498, and Downside Deviation of 3.7 to validate if the risk estimate we provide is consistent with the expected return of 0.0808%. Hovnanian Enterprises has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 4.02, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hovnanian Enterprises will likely underperform. Hovnanian Enterprises right now retains a risk of 3.98%. Please check out Hovnanian Enterprises total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to decide if Hovnanian Enterprises will be following its current trending patterns.
Auto-correlation | 0.22 |
Weak predictability
Hovnanian Enterprises has weak predictability. Overlapping area represents the amount of predictability between Hovnanian Enterprises time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th of May 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 Hovnanian Enterprises price movement. The serial correlation of 0.22 indicates that over 22.0% of current Hovnanian Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 52.66 |
Hovnanian Enterprises lagged returns against current returns
Autocorrelation, which is Hovnanian Enterprises 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 Hovnanian Enterprises' stock expected returns. We can calculate the autocorrelation of Hovnanian Enterprises returns to help us make a trade decision. For example, suppose you find that Hovnanian Enterprises 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 |
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Hovnanian Enterprises 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 Hovnanian Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hovnanian Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hovnanian Enterprises stock over time.
Current vs Lagged Prices |
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Hovnanian Enterprises Lagged Returns
When evaluating Hovnanian Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hovnanian Enterprises stock have on its future price. Hovnanian Enterprises 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, Hovnanian Enterprises autocorrelation shows the relationship between Hovnanian Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Hovnanian Enterprises.
Regressed Prices |
| Timeline |
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Complementary Tools for Hovnanian Stock analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.
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Hovnanian Enterprises technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.