Meritage Stock Market Value
| MTH Stock | USD 155.16 3.97 2.49% |
| Symbol | Meritage |
Meritage Price To Book Ratio
Is Meritage'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 Meritage. If investors know Meritage 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 Meritage 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 (0.24) | Dividend Share 1.08 | Earnings Share 19.92 | Revenue Per Share 167.625 | Quarterly Revenue Growth (0.17) |
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage'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 Meritage's market value can be influenced by many factors that don't directly affect Meritage'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 Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage'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.
Meritage '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 Meritage'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 Meritage.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Meritage on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Meritage or generate 0.0% return on investment in Meritage over 30 days. Meritage is related to or competes with TRI Pointe, MI Homes, Beazer Homes, Century Communities, Taylor Morn, LGI Homes, and Hovnanian Enterprises. Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States More
Meritage 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 Meritage'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 Meritage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 2.44 |
Meritage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meritage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meritage's standard deviation. In reality, there are many statistical measures that can use Meritage historical prices to predict the future Meritage's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meritage'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.
Meritage Backtested Returns
Meritage has Sharpe Ratio of -0.0419, which conveys that the firm had a -0.0419% return per unit of risk over the last 3 months. Meritage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meritage's Mean Deviation of 1.69, risk adjusted performance of (0.03), and Standard Deviation of 2.27 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.61, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Meritage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meritage is expected to be smaller as well. Meritage has an expected return of -0.0967%. Please make sure to verify Meritage treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Meritage performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Meritage has excellent reverse predictability. Overlapping area represents the amount of predictability between Meritage time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Meritage price movement. The serial correlation of -0.83 indicates that around 83.0% of current Meritage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 19.94 |
Meritage lagged returns against current returns
Autocorrelation, which is Meritage 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 Meritage's stock expected returns. We can calculate the autocorrelation of Meritage returns to help us make a trade decision. For example, suppose you find that Meritage 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 |
Meritage 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 Meritage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meritage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meritage stock over time.
Current vs Lagged Prices |
| Timeline |
Meritage Lagged Returns
When evaluating Meritage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meritage stock have on its future price. Meritage 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, Meritage autocorrelation shows the relationship between Meritage stock current value and its past values and can show if there is a momentum factor associated with investing in Meritage.
Regressed Prices |
| Timeline |
Meritage Investors Sentiment
The influence of Meritage's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Meritage. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Meritage's public news can be used to forecast risks associated with an investment in Meritage. The trend in average sentiment can be used to explain how an investor holding Meritage can time the market purely based on public headlines and social activities around Meritage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Meritage's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Meritage's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Meritage's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Meritage.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Meritage in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Meritage's short interest history, or implied volatility extrapolated from Meritage options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Meritage Correlation, Meritage Volatility and Meritage Alpha and Beta module to complement your research on Meritage. For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Meritage Stock analysis
When running Meritage's price analysis, check to measure Meritage'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 Meritage is operating at the current time. Most of Meritage's value examination focuses on studying past and present price action to predict the probability of Meritage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage's price. Additionally, you may evaluate how the addition of Meritage to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Meritage 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.