Home First (India) Market Value
| HOMEFIRST | 1,144 56.80 5.23% |
| Symbol | Home |
Home First '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 First'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 First.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Home First on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Home First Finance or generate 0.0% return on investment in Home First over 300 days. Home First is related to or competes with MRF, JSW Holdings, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Home First is entity of India. It is traded as Stock on NSE exchange. More
Home First 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 First'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 First Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0153 | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.23 |
Home First Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home First's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home First's standard deviation. In reality, there are many statistical measures that can use Home First historical prices to predict the future Home First's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.174 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0175 | |||
| Treynor Ratio | (1.75) |
Home First Finance Backtested Returns
Currently, Home First Finance is very steady. Home First Finance holds Efficiency (Sharpe) Ratio of 0.0378, which attests that the entity had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Home First Finance, which you can use to evaluate the volatility of the firm. Please check out Home First's Downside Deviation of 2.53, market risk adjusted performance of (1.74), and Risk Adjusted Performance of 0.053 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Home First has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0932, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Home First are expected to decrease at a much lower rate. During the bear market, Home First is likely to outperform the market. Home First Finance right now retains a risk of 2.95%. Please check out Home First total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Home First will be following its current trending patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Home First Finance has weak reverse predictability. Overlapping area represents the amount of predictability between Home First time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 First Finance price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Home First price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 6603.0 |
Home First Finance lagged returns against current returns
Autocorrelation, which is Home First 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 First's stock expected returns. We can calculate the autocorrelation of Home First returns to help us make a trade decision. For example, suppose you find that Home First 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 First 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 First stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home First stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home First stock over time.
Current vs Lagged Prices |
| Timeline |
Home First Lagged Returns
When evaluating Home First's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home First stock have on its future price. Home First 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 First autocorrelation shows the relationship between Home First stock current value and its past values and can show if there is a momentum factor associated with investing in Home First Finance.
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.Additional Tools for Home Stock Analysis
When running Home First's price analysis, check to measure Home First'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 First is operating at the current time. Most of Home First's value examination focuses on studying past and present price action to predict the probability of Home First'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 First's price. Additionally, you may evaluate how the addition of Home First to your portfolios can decrease your overall portfolio volatility.