Home Consortium (Australia) Market Value
| HMC Stock | 12.04 0.15 1.26% |
| Symbol | Home |
Home Consortium '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 Consortium'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 Consortium.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Home Consortium on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Home Consortium or generate 0.0% return on investment in Home Consortium over 720 days. Home Consortium is related to or competes with Scentre, Vicinity Centres, Charter Hall, Cromwell Property, Carindale Property, GDI Property, and Australian Unity. Home Consortium is entity of Australia. It is traded as Stock on AU exchange. More
Home Consortium 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 Consortium'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 Consortium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.2361 | |||
| Maximum Drawdown | 14.71 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.05 |
Home Consortium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home Consortium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Consortium's standard deviation. In reality, there are many statistical measures that can use Home Consortium historical prices to predict the future Home Consortium's volatility.| Risk Adjusted Performance | 0.2327 | |||
| Jensen Alpha | 0.6839 | |||
| Total Risk Alpha | 0.2958 | |||
| Sortino Ratio | 0.2969 | |||
| Treynor Ratio | (2.08) |
Home Consortium Backtested Returns
Home Consortium appears to be not too volatile, given 3 months investment horizon. Home Consortium holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. By evaluating Home Consortium's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Home Consortium's Risk Adjusted Performance of 0.2327, downside deviation of 1.77, and Market Risk Adjusted Performance of (2.07) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Home Consortium holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Home Consortium are expected to decrease at a much lower rate. During the bear market, Home Consortium is likely to outperform the market. Please check Home Consortium's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Home Consortium's current trending patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Home Consortium has below average predictability. Overlapping area represents the amount of predictability between Home Consortium 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 Home Consortium price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Home Consortium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Home Consortium lagged returns against current returns
Autocorrelation, which is Home Consortium 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 Consortium's stock expected returns. We can calculate the autocorrelation of Home Consortium returns to help us make a trade decision. For example, suppose you find that Home Consortium 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 Consortium 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 Consortium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Consortium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Consortium stock over time.
Current vs Lagged Prices |
| Timeline |
Home Consortium Lagged Returns
When evaluating Home Consortium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Consortium stock have on its future price. Home Consortium 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 Consortium autocorrelation shows the relationship between Home Consortium stock current value and its past values and can show if there is a momentum factor associated with investing in Home Consortium.
Regressed Prices |
| Timeline |
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Additional Tools for Home Stock Analysis
When running Home Consortium's price analysis, check to measure Home Consortium'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 Consortium is operating at the current time. Most of Home Consortium's value examination focuses on studying past and present price action to predict the probability of Home Consortium'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 Consortium's price. Additionally, you may evaluate how the addition of Home Consortium to your portfolios can decrease your overall portfolio volatility.