Homeco Daily (Australia) Market Value
| HDN Stock | 1.24 0.02 1.64% |
| Symbol | Homeco |
Homeco Daily '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 Homeco Daily'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 Homeco Daily.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Homeco Daily on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Homeco Daily Needs or generate 0.0% return on investment in Homeco Daily over 270 days. Homeco Daily is related to or competes with Scentre, Vicinity Centres, Cromwell Property, GDI Property, and Australian Unity. Homeco Daily is entity of Australia. It is traded as Stock on AU exchange. More
Homeco Daily 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 Homeco Daily'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 Homeco Daily Needs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.63 |
Homeco Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homeco Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homeco Daily's standard deviation. In reality, there are many statistical measures that can use Homeco Daily historical prices to predict the future Homeco Daily's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.34) |
Homeco Daily Needs Backtested Returns
Homeco Daily Needs holds Efficiency (Sharpe) Ratio of -0.0395, which attests that the entity had a -0.0395% return per unit of risk over the last 3 months. Homeco Daily Needs exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Homeco Daily's Market Risk Adjusted Performance of (0.33), risk adjusted performance of (0.01), and Standard Deviation of 1.09 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0837, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Homeco Daily's returns are expected to increase less than the market. However, during the bear market, the loss of holding Homeco Daily is expected to be smaller as well. At this point, Homeco Daily Needs has a negative expected return of -0.0424%. Please make sure to check out Homeco Daily's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Homeco Daily Needs performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Homeco Daily Needs has weak reverse predictability. Overlapping area represents the amount of predictability between Homeco Daily time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 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 Homeco Daily Needs price movement. The serial correlation of -0.22 indicates that over 22.0% of current Homeco Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Homeco Daily Needs lagged returns against current returns
Autocorrelation, which is Homeco Daily 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 Homeco Daily's stock expected returns. We can calculate the autocorrelation of Homeco Daily returns to help us make a trade decision. For example, suppose you find that Homeco Daily 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 |
Homeco Daily 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 Homeco Daily stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homeco Daily stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homeco Daily stock over time.
Current vs Lagged Prices |
| Timeline |
Homeco Daily Lagged Returns
When evaluating Homeco Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homeco Daily stock have on its future price. Homeco Daily 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, Homeco Daily autocorrelation shows the relationship between Homeco Daily stock current value and its past values and can show if there is a momentum factor associated with investing in Homeco Daily Needs.
Regressed Prices |
| Timeline |
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Additional Tools for Homeco Stock Analysis
When running Homeco Daily's price analysis, check to measure Homeco Daily'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 Homeco Daily is operating at the current time. Most of Homeco Daily's value examination focuses on studying past and present price action to predict the probability of Homeco Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Homeco Daily's price. Additionally, you may evaluate how the addition of Homeco Daily to your portfolios can decrease your overall portfolio volatility.