Homeland Resources Stock Market Value
| HMLA Stock | USD 0.0002 0.00 0.00% |
| Symbol | Homeland |
Homeland Resources '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 Homeland Resources' pink sheet 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 Homeland Resources.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Homeland Resources on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Homeland Resources or generate 0.0% return on investment in Homeland Resources over 30 days. Homeland Resources is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Himalaya Technologies, Inc., a development stage company, provides information services for the cannabis industry More
Homeland Resources 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 Homeland Resources' pink sheet 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 Homeland Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 34.9 | |||
| Information Ratio | 0.0883 | |||
| Maximum Drawdown | 266.67 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 50.0 |
Homeland Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homeland Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homeland Resources' standard deviation. In reality, there are many statistical measures that can use Homeland Resources historical prices to predict the future Homeland Resources' volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 3.84 | |||
| Total Risk Alpha | (2.47) | |||
| Sortino Ratio | 0.0929 | |||
| Treynor Ratio | (0.79) |
Homeland Resources Backtested Returns
Homeland Resources is out of control given 3 months investment horizon. Homeland Resources holds Efficiency (Sharpe) Ratio of 0.0799, which attests that the entity had a 0.0799% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 2.97% are justified by taking the suggested risk. Use Homeland Resources Downside Deviation of 34.9, risk adjusted performance of 0.076, and Market Risk Adjusted Performance of (0.78) to evaluate company specific risk that cannot be diversified away. Homeland Resources holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -4.25, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Homeland Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Homeland Resources is expected to outperform it. Use Homeland Resources total risk alpha, downside variance, day median price, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Homeland Resources.
Auto-correlation | -0.26 |
Weak reverse predictability
Homeland Resources has weak reverse predictability. Overlapping area represents the amount of predictability between Homeland Resources time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Homeland Resources price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Homeland Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Homeland Resources lagged returns against current returns
Autocorrelation, which is Homeland Resources pink sheet'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 Homeland Resources' pink sheet expected returns. We can calculate the autocorrelation of Homeland Resources returns to help us make a trade decision. For example, suppose you find that Homeland Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Homeland Resources 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 Homeland Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homeland Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homeland Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Homeland Resources Lagged Returns
When evaluating Homeland Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homeland Resources pink sheet have on its future price. Homeland Resources 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, Homeland Resources autocorrelation shows the relationship between Homeland Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Homeland Resources.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Homeland Pink Sheet
Homeland Resources financial ratios help investors to determine whether Homeland Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Homeland with respect to the benefits of owning Homeland Resources security.