HomeChoice Investments (South Africa) Market Value
| HIL Stock | 2,500 2.00 0.08% |
| Symbol | HomeChoice |
HomeChoice Investments '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 HomeChoice Investments' 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 HomeChoice Investments.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in HomeChoice Investments on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding HomeChoice Investments or generate 0.0% return on investment in HomeChoice Investments over 30 days. HomeChoice Investments is related to or competes with Sabvest Capital, Growthpoint Properties, Bowler Metcalf, Kap Industrial, Anglo American, RCL Foods, and Blue Label. More
HomeChoice Investments 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 HomeChoice Investments' 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 HomeChoice Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.088 | |||
| Maximum Drawdown | 13.84 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 3.48 |
HomeChoice Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HomeChoice Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HomeChoice Investments' standard deviation. In reality, there are many statistical measures that can use HomeChoice Investments historical prices to predict the future HomeChoice Investments' volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.2096 | |||
| Total Risk Alpha | 0.1807 | |||
| Sortino Ratio | 0.059 | |||
| Treynor Ratio | (1.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HomeChoice Investments' 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.
HomeChoice Investments Backtested Returns
HomeChoice Investments appears to be very steady, given 3 months investment horizon. HomeChoice Investments holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for HomeChoice Investments, which you can use to evaluate the volatility of the firm. Please utilize HomeChoice Investments' Downside Deviation of 3.41, risk adjusted performance of 0.0668, and Market Risk Adjusted Performance of (1.30) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HomeChoice Investments holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HomeChoice Investments are expected to decrease at a much lower rate. During the bear market, HomeChoice Investments is likely to outperform the market. Please check HomeChoice Investments' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether HomeChoice Investments' current trending patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
HomeChoice Investments has poor reverse predictability. Overlapping area represents the amount of predictability between HomeChoice Investments time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 HomeChoice Investments price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current HomeChoice Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
HomeChoice Investments lagged returns against current returns
Autocorrelation, which is HomeChoice Investments 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 HomeChoice Investments' stock expected returns. We can calculate the autocorrelation of HomeChoice Investments returns to help us make a trade decision. For example, suppose you find that HomeChoice Investments 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 |
HomeChoice Investments 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 HomeChoice Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HomeChoice Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HomeChoice Investments stock over time.
Current vs Lagged Prices |
| Timeline |
HomeChoice Investments Lagged Returns
When evaluating HomeChoice Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HomeChoice Investments stock have on its future price. HomeChoice Investments 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, HomeChoice Investments autocorrelation shows the relationship between HomeChoice Investments stock current value and its past values and can show if there is a momentum factor associated with investing in HomeChoice Investments.
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 HomeChoice Stock
HomeChoice Investments financial ratios help investors to determine whether HomeChoice 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 HomeChoice with respect to the benefits of owning HomeChoice Investments security.