Home Bancorp Stock Market Value
| HBCP Stock | USD 48.91 0.83 1.73% |
| Symbol | Home |
Home Bancorp Price To Book Ratio
Is Regional Banks 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 Home Bancorp. If investors know Home 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 Home Bancorp 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 (0.03) | Dividend Share 1.01 | Earnings Share 4.51 | Revenue Per Share 16.352 | Quarterly Revenue Growth 0.011 |
The market value of Home Bancorp is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Home Bancorp'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 Home Bancorp's market value can be influenced by many factors that don't directly affect Home Bancorp'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 Home Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Home Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Bancorp'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.
Home Bancorp '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 Home Bancorp'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 Home Bancorp.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Home Bancorp on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Home Bancorp or generate 0.0% return on investment in Home Bancorp over 180 days. Home Bancorp is related to or competes with Home Federal, Community West, First Financial, First Capital, HomeTrust Bancshares, First Northwest, and Heritage Financial. Home Bancorp, Inc. operates as the bank holding company for Home Bank, National Association that provides various bankin... More
Home Bancorp 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 Home Bancorp'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 Home Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0786 | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.76 |
Home Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Bancorp's standard deviation. In reality, there are many statistical measures that can use Home Bancorp historical prices to predict the future Home Bancorp's volatility.| Risk Adjusted Performance | 0.0973 | |||
| Jensen Alpha | 0.1044 | |||
| Total Risk Alpha | 0.0058 | |||
| Sortino Ratio | 0.0935 | |||
| Treynor Ratio | 0.1408 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Home Bancorp'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.
Home Bancorp Backtested Returns
Home Bancorp appears to be very steady, given 3 months investment horizon. Home Bancorp holds Efficiency (Sharpe) Ratio of 0.0956, which attests that the entity had a 0.0956% return per unit of risk over the last 3 months. We have found thirty technical indicators for Home Bancorp, which you can use to evaluate the volatility of the firm. Please utilize Home Bancorp's Downside Deviation of 1.92, market risk adjusted performance of 0.1508, and Risk Adjusted Performance of 0.0973 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Home Bancorp holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.89, which attests to 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, Home Bancorp will likely underperform. Please check Home Bancorp's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Home Bancorp's current trending patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Home Bancorp has average predictability. Overlapping area represents the amount of predictability between Home Bancorp time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Home Bancorp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Home Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 8.73 |
Home Bancorp lagged returns against current returns
Autocorrelation, which is Home Bancorp 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 Home Bancorp's stock expected returns. We can calculate the autocorrelation of Home Bancorp returns to help us make a trade decision. For example, suppose you find that Home Bancorp 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 |
Home Bancorp 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 Home Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Home Bancorp Lagged Returns
When evaluating Home Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Bancorp stock have on its future price. Home Bancorp 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, Home Bancorp autocorrelation shows the relationship between Home Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Home Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Home Bancorp
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 Home Bancorp 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 Home Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Home Stock
Moving against Home Stock
| 0.54 | WF | Woori Financial Group | PairCorr |
| 0.42 | TFC-PO | Truist Financial | PairCorr |
| 0.37 | TFC-PR | Truist Financial | PairCorr |
| 0.34 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to Home Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Home Bancorp 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 Home Bancorp - 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 Home Bancorp to buy it.
The correlation of Home Bancorp 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 Home Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home Bancorp 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 Home Bancorp 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 Home Stock Analysis
When running Home Bancorp's price analysis, check to measure Home Bancorp'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 Home Bancorp is operating at the current time. Most of Home Bancorp's value examination focuses on studying past and present price action to predict the probability of Home Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Bancorp's price. Additionally, you may evaluate how the addition of Home Bancorp to your portfolios can decrease your overall portfolio volatility.