Dr Horton Stock Market Value
| DHI Stock | USD 145.88 0.14 0.1% |
| Symbol | DHI |
DR Horton Price To Book Ratio
Is DR Horton's 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 DR Horton. If investors know DHI 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 DR Horton 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 0.022 | Dividend Share 1.05 | Earnings Share 13.87 | Revenue Per Share 106.305 | Quarterly Revenue Growth 0.065 |
The market value of DR Horton is measured differently than its book value, which is the value of DHI that is recorded on the company's balance sheet. Investors also form their own opinion of DR Horton's value that differs from its market value or its book value, called intrinsic value, which is DR Horton's 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 DR Horton's market value can be influenced by many factors that don't directly affect DR Horton's 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 DR Horton's value and its price as these two are different measures arrived at by different means. Investors typically determine if DR Horton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DR Horton's 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.
DR Horton '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 DR Horton'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 DR Horton.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in DR Horton on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding DR Horton or generate 0.0% return on investment in DR Horton over 30 days. DR Horton is related to or competes with Lennar, KB Home, Toll Brothers, NVR, PulteGroup, Beazer Homes, and Hovnanian Enterprises. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regio... More
DR Horton 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 DR Horton'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 DR Horton upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 2.36 |
DR Horton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DR Horton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DR Horton's standard deviation. In reality, there are many statistical measures that can use DR Horton historical prices to predict the future DR Horton's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DR Horton'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.
DR Horton Backtested Returns
DR Horton retains Efficiency (Sharpe Ratio) of -0.0456, which denotes the company had a -0.0456% return per unit of price deviation over the last 3 months. DR Horton exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DR Horton's Information Ratio of (0.05), standard deviation of 2.11, and Market Risk Adjusted Performance of (0.02) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.83, which means 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, DR Horton will likely underperform. DR Horton has an expected return of -0.0974%. Please make sure to confirm DR Horton coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if DR Horton performance from the past will be repeated sooner or later.
Auto-correlation | 0.48 |
Average predictability
DR Horton has average predictability. Overlapping area represents the amount of predictability between DR Horton time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 DR Horton price movement. The serial correlation of 0.48 indicates that about 48.0% of current DR Horton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 23.36 |
DR Horton lagged returns against current returns
Autocorrelation, which is DR Horton 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 DR Horton's stock expected returns. We can calculate the autocorrelation of DR Horton returns to help us make a trade decision. For example, suppose you find that DR Horton 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 |
DR Horton 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 DR Horton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DR Horton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DR Horton stock over time.
Current vs Lagged Prices |
| Timeline |
DR Horton Lagged Returns
When evaluating DR Horton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DR Horton stock have on its future price. DR Horton 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, DR Horton autocorrelation shows the relationship between DR Horton stock current value and its past values and can show if there is a momentum factor associated with investing in DR Horton.
Regressed Prices |
| Timeline |
Pair Trading with DR Horton
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DR Horton position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DR Horton will appreciate offsetting losses from the drop in the long position's value.Moving together with DHI Stock
| 0.85 | BC | Brunswick Earnings Call This Week | PairCorr |
Moving against DHI Stock
| 0.59 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.51 | VEEE | Twin Vee Powercats | PairCorr |
| 0.51 | EGOX | NexteGO NV Ordinary | PairCorr |
| 0.5 | WINA | Winmark | PairCorr |
| 0.5 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to DR Horton could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DR Horton when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DR Horton - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DR Horton to buy it.
The correlation of DR Horton is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DR Horton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DR Horton moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DR Horton can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out DR Horton Correlation, DR Horton Volatility and DR Horton Alpha and Beta module to complement your research on DR Horton. For more detail on how to invest in DHI Stock please use our How to Invest in DR Horton guide.Note that the DR Horton information on this page should be used as a complementary analysis to other DR Horton's 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for DHI Stock analysis
When running DR Horton's price analysis, check to measure DR Horton'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 DR Horton is operating at the current time. Most of DR Horton's value examination focuses on studying past and present price action to predict the probability of DR Horton's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DR Horton's price. Additionally, you may evaluate how the addition of DR Horton to your portfolios can decrease your overall portfolio volatility.
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DR Horton 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.