As of 21 of October Meritage Homes secures Downside Deviation of 1.4, Risk Adjusted Performance of 0.1991 and Mean Deviation of 1.41. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Meritage 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 past prices or the prices will eventually revert. We found nineteen technical drivers for Meritage Homes which can be compared to its peers in the industry. Please verify Meritage Homes Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Meritage Homes Corporation is priced some-what accurately providing market reflects its recent price of 74.8 per share. Given that Meritage Homes has Jensen Alpha of 0.521, we recommend you check Meritage Homes last-minute market performance to make sure the company can sustain itself at future point.
Meritage Homes Corporation current and past analyst recommendations published by number of research institutions as well as average analyst consensus
|Target Price||Advice||# of Analysts|
|Meritage Homes Analyst Advice|
|Horizon||30 Days Login to change|
Meritage Homes Technical Analysis
Meritage Homes Trend AnalysisUse this graph to draw trend lines for Meritage Homes Corporation. You can use it to identify possible trend reversals for Meritage 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 Meritage Homes price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Meritage Homes Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Meritage Homes Corporation applied against its price change over selected period. The best fit line has a slop of 0.21 which may imply that Meritage Homes Corporation will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1632.09, which is the sum of squared deviations for the predicted Meritage Homes price change compared to its average price change.
Meritage Homes October 21, 2019 Technical Indicators
|Risk Adjusted Performance||0.1991|
|Market Risk Adjusted Performance||0.896|
|Coefficient Of Variation||506.72|
|Total Risk Alpha||0.5708|
|Value At Risk||(1.97)|
|Expected Short fall||(1.73)|
Meritage Homes October 21, 2019 Daily Price Condition
|Daily Balance Of Power||(0.11)|
|Rate Of Daily Change||1.00|
|Day Median Price||75.50|
|Day Typical Price||75.27|
|Price Action Indicator||(0.81)|