HOMEBOYZ ENTERTAINMENT (Kenya) Market Value
| HEL Stock | 4.66 0.00 0.00% |
| Symbol | HOMEBOYZ |
HOMEBOYZ ENTERTAINMENT '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 HOMEBOYZ ENTERTAINMENT'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 HOMEBOYZ ENTERTAINMENT.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in HOMEBOYZ ENTERTAINMENT on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding HOMEBOYZ ENTERTAINMENT PLC or generate 0.0% return on investment in HOMEBOYZ ENTERTAINMENT over 360 days.
HOMEBOYZ ENTERTAINMENT 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 HOMEBOYZ ENTERTAINMENT'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 HOMEBOYZ ENTERTAINMENT PLC upside and downside potential and time the market with a certain degree of confidence.
HOMEBOYZ ENTERTAINMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOMEBOYZ ENTERTAINMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOMEBOYZ ENTERTAINMENT's standard deviation. In reality, there are many statistical measures that can use HOMEBOYZ ENTERTAINMENT historical prices to predict the future HOMEBOYZ ENTERTAINMENT's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HOMEBOYZ ENTERTAINMENT'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.
HOMEBOYZ ENTERTAINMENT Backtested Returns
We have found three technical indicators for HOMEBOYZ ENTERTAINMENT, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HOMEBOYZ ENTERTAINMENT are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
HOMEBOYZ ENTERTAINMENT PLC has no correlation between past and present. Overlapping area represents the amount of predictability between HOMEBOYZ ENTERTAINMENT time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HOMEBOYZ ENTERTAINMENT price movement. The serial correlation of 0.0 indicates that just 0.0% of current HOMEBOYZ ENTERTAINMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HOMEBOYZ ENTERTAINMENT lagged returns against current returns
Autocorrelation, which is HOMEBOYZ ENTERTAINMENT 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 HOMEBOYZ ENTERTAINMENT's stock expected returns. We can calculate the autocorrelation of HOMEBOYZ ENTERTAINMENT returns to help us make a trade decision. For example, suppose you find that HOMEBOYZ ENTERTAINMENT 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 |
HOMEBOYZ ENTERTAINMENT 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 HOMEBOYZ ENTERTAINMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOMEBOYZ ENTERTAINMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOMEBOYZ ENTERTAINMENT stock over time.
Current vs Lagged Prices |
| Timeline |
HOMEBOYZ ENTERTAINMENT Lagged Returns
When evaluating HOMEBOYZ ENTERTAINMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOMEBOYZ ENTERTAINMENT stock have on its future price. HOMEBOYZ ENTERTAINMENT 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, HOMEBOYZ ENTERTAINMENT autocorrelation shows the relationship between HOMEBOYZ ENTERTAINMENT stock current value and its past values and can show if there is a momentum factor associated with investing in HOMEBOYZ ENTERTAINMENT PLC.
Regressed Prices |
| Timeline |