Mi Homes Stock Technical Analysis
MHO Stock | USD 123.41 0.08 0.06% |
As of the 12th of May 2024, MI Homes owns the Mean Deviation of 1.8, standard deviation of 2.41, and Market Risk Adjusted Performance of 0.0309. In connection with fundamental indicators, the technical analysis model lets you check timely technical drivers of MI Homes, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for MI Homes, which can be compared to its peers in the sector. Please verify MI Homes standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if MI Homes is priced some-what accurately, providing market reflects its prevailing price of 123.41 per share. Given that MI Homes has jensen alpha of (0.15), we recommend you to check MI Homes's latest market performance to make sure the company can sustain itself sooner or later.
MI Homes Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MHO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MHOMHO |
MI Homes Analyst Consensus
Target Price | Advice | # of Analysts | |
93.5 | Hold | 1 | Odds |
Most MHO analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MHO stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MI Homes, talking to its executives and customers, or listening to MHO conference calls.
MI Homes 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.
MI Homes Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MI Homes volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MI Homes Trend Analysis
Use this graph to draw trend lines for MI Homes. You can use it to identify possible trend reversals for MI Homes as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MI Homes price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MI Homes Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MI Homes applied against its price change over selected period. The best fit line has a slop of 0.1 , which may imply that the returns on investment in MI Homes will continue to fail. It has 122 observation points and a regression sum of squares at 355.47, which is the sum of squared deviations for the predicted MI Homes price change compared to its average price change.About MI Homes Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MI Homes on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MI Homes based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MI Homes price pattern first instead of the macroeconomic environment surrounding MI Homes. By analyzing MI Homes's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MI Homes's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MI Homes specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.004743 | 0.004506 | Price To Sales Ratio | 0.95 | 1.0 |
MI Homes May 12, 2024 Technical Indicators
Most technical analysis of MHO help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MHO from various momentum indicators to cycle indicators. When you analyze MHO charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0252 | |||
Market Risk Adjusted Performance | 0.0309 | |||
Mean Deviation | 1.8 | |||
Semi Deviation | 2.53 | |||
Downside Deviation | 2.62 | |||
Coefficient Of Variation | 3480.43 | |||
Standard Deviation | 2.41 | |||
Variance | 5.81 | |||
Information Ratio | (0.01) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.23) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0209 | |||
Maximum Drawdown | 10.93 | |||
Value At Risk | (4.28) | |||
Potential Upside | 3.3 | |||
Downside Variance | 6.88 | |||
Semi Variance | 6.38 | |||
Expected Short fall | (1.82) | |||
Skewness | (0.45) | |||
Kurtosis | 0.5063 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.Note that the MI Homes information on this page should be used as a complementary analysis to other MI Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for MHO Stock analysis
When running MI Homes' price analysis, check to measure MI Homes' 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 MI Homes is operating at the current time. Most of MI Homes' value examination focuses on studying past and present price action to predict the probability of MI Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MI Homes' price. Additionally, you may evaluate how the addition of MI Homes to your portfolios can decrease your overall portfolio volatility.
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Is MI Homes' 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 MI Homes. If investors know MHO 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 MI Homes 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 0.313 | Earnings Share 17.35 | Revenue Per Share 146.322 | Quarterly Revenue Growth 0.046 | Return On Assets 0.0964 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' 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 MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' 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 MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.