Better Home Finance Stock Market Value
| BETR Stock | 13.43 0.30 2.28% |
| Symbol | Better |
Better Home Finance Price To Book Ratio
Is Commercial & Residential Mortgage Finance space 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 Better Home. If investors know Better 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 Better Home listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.20) | Revenue Per Share 4.471 | Quarterly Revenue Growth 0.038 | Return On Assets (0.53) |
The market value of Better Home Finance is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Home's value that differs from its market value or its book value, called intrinsic value, which is Better Home'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 Better Home's market value can be influenced by many factors that don't directly affect Better Home'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 Better Home's value and its price as these two are different measures arrived at by different means. Investors typically determine if Better Home is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Home'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.
Better Home '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 Better Home'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 Better Home.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Better Home on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Better Home Finance or generate 0.0% return on investment in Better Home over 30 days. Better Home is related to or competes with BioNTech, BBB Foods, Valneva SE, NH Foods, SunLink Health, Viemed Healthcare, and Albertsons Companies. Amplify Snack Brands, Inc., together with its subsidiaries, develops, markets, and distributes better-for-you snack prod... More
Better Home 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 Better Home'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 Better Home Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 23.0 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 6.21 |
Better Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Better Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Better Home's standard deviation. In reality, there are many statistical measures that can use Better Home historical prices to predict the future Better Home's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Better Home'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.
Better Home Finance Backtested Returns
Better Home Finance secures Sharpe Ratio (or Efficiency) of -0.0544, which signifies that the company had a -0.0544% return per unit of risk over the last 3 months. Better Home Finance exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Better Home's Risk Adjusted Performance of (0.05), mean deviation of 2.82, and Standard Deviation of 3.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.46, which signifies 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, Better Home will likely underperform. At this point, Better Home Finance has a negative expected return of -0.21%. Please make sure to confirm Better Home's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Better Home Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Better Home Finance has good predictability. Overlapping area represents the amount of predictability between Better Home time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Better Home Finance price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Better Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Better Home Finance lagged returns against current returns
Autocorrelation, which is Better Home 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 Better Home's stock expected returns. We can calculate the autocorrelation of Better Home returns to help us make a trade decision. For example, suppose you find that Better Home 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 |
Better Home 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 Better Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Better Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Better Home stock over time.
Current vs Lagged Prices |
| Timeline |
Better Home Lagged Returns
When evaluating Better Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Better Home stock have on its future price. Better Home 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, Better Home autocorrelation shows the relationship between Better Home stock current value and its past values and can show if there is a momentum factor associated with investing in Better Home Finance.
Regressed Prices |
| Timeline |
Pair Trading with Better Home
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 Better Home 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 Better Home will appreciate offsetting losses from the drop in the long position's value.Moving against Better Stock
| 0.8 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.78 | DIST | Distoken Acquisition | PairCorr |
| 0.78 | LC | LendingClub Corp | PairCorr |
| 0.73 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.72 | SF | Stifel Financial Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Better Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Home 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 Better Home - 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 Better Home Finance to buy it.
The correlation of Better Home 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 Better Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Home Finance 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 Better Home 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.Additional Tools for Better Stock Analysis
When running Better Home's price analysis, check to measure Better Home'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 Better Home is operating at the current time. Most of Better Home's value examination focuses on studying past and present price action to predict the probability of Better Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Home's price. Additionally, you may evaluate how the addition of Better Home to your portfolios can decrease your overall portfolio volatility.