M/I Homes (Germany) Market Value
| 4MI Stock | EUR 145.70 0.65 0.44% |
| Symbol | M/I |
M/I Homes '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 M/I Homes' 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 M/I Homes.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in M/I Homes on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding MI Homes or generate 0.0% return on investment in M/I Homes over 720 days. M/I Homes is related to or competes with Japan Tobacco, Tradeweb Markets, NEWELL RUBBERMAID, Summit Materials, National Retail, THRACE PLASTICS, and Fast Retailing. More
M/I Homes 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 M/I Homes' 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 MI Homes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.16 |
M/I Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for M/I Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as M/I Homes' standard deviation. In reality, there are many statistical measures that can use M/I Homes historical prices to predict the future M/I Homes' volatility.| Risk Adjusted Performance | 0.0439 | |||
| Jensen Alpha | 0.0635 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.329 |
M/I Homes Backtested Returns
At this point, M/I Homes is very steady. M/I Homes retains Efficiency (Sharpe Ratio) of 0.0115, which conveys that the firm had a 0.0115% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for M/I Homes, which you can use to evaluate the volatility of the firm. Please verify M/I Homes' Standard Deviation of 2.27, mean deviation of 1.71, and Market Risk Adjusted Performance of 0.339 to check out if the risk estimate we provide is consistent with the expected return of 0.0253%. The company owns a Beta (Systematic Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, M/I Homes' returns are expected to increase less than the market. However, during the bear market, the loss of holding M/I Homes is expected to be smaller as well. M/I Homes today owns a risk of 2.2%. Please verify MI Homes market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if MI Homes will be following its current price history.
Auto-correlation | 0.72 |
Good predictability
MI Homes has good predictability. Overlapping area represents the amount of predictability between M/I Homes time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 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 M/I Homes price movement. The serial correlation of 0.72 indicates that around 72.0% of current M/I Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 261.99 |
M/I Homes lagged returns against current returns
Autocorrelation, which is M/I Homes 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 M/I Homes' stock expected returns. We can calculate the autocorrelation of M/I Homes returns to help us make a trade decision. For example, suppose you find that M/I Homes 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 |
M/I Homes 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 M/I Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if M/I Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in M/I Homes stock over time.
Current vs Lagged Prices |
| Timeline |
M/I Homes Lagged Returns
When evaluating M/I Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of M/I Homes stock have on its future price. M/I Homes 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, M/I Homes autocorrelation shows the relationship between M/I Homes stock current value and its past values and can show if there is a momentum factor associated with investing in MI Homes.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in M/I Stock
When determining whether M/I Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of M/I Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mi Homes Stock:Check out M/I Homes Correlation, M/I Homes Volatility and M/I Homes Alpha and Beta module to complement your research on M/I Homes. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
M/I 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.