Desarrolladora Homex (Mexico) Market Value
| HOMEX Stock | MXN 0 0.00 0.00% |
| Symbol | Desarrolladora |
Desarrolladora Homex '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 Desarrolladora Homex'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 Desarrolladora Homex.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Desarrolladora Homex on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Desarrolladora Homex SAB or generate 0.0% return on investment in Desarrolladora Homex over 420 days. Desarrolladora Homex is related to or competes with Taiwan Semiconductor, Alibaba Group, Select Sector, Promotora, IShares Global, SPDR Series, and Vanguard World. Desarrolladora Homex, S.A.B. de C.V., develops homes in Mexico More
Desarrolladora Homex 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 Desarrolladora Homex'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 Desarrolladora Homex SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 50.0 |
Desarrolladora Homex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desarrolladora Homex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desarrolladora Homex's standard deviation. In reality, there are many statistical measures that can use Desarrolladora Homex historical prices to predict the future Desarrolladora Homex's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.34) | |||
| Total Risk Alpha | (2.23) | |||
| Treynor Ratio | (1.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Desarrolladora Homex'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.
Desarrolladora Homex SAB Backtested Returns
Desarrolladora Homex SAB secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Desarrolladora Homex SAB exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Desarrolladora Homex's Mean Deviation of 2.45, standard deviation of 7.34, and Variance of 53.94 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which means possible diversification benefits within a given portfolio. As returns on the market increase, Desarrolladora Homex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desarrolladora Homex is expected to be smaller as well. At this point, Desarrolladora Homex SAB has a negative expected return of -1.34%. Please make sure to confirm Desarrolladora Homex's treynor ratio and day typical price , to decide if Desarrolladora Homex SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Desarrolladora Homex SAB has average predictability. Overlapping area represents the amount of predictability between Desarrolladora Homex time series from 30th of September 2023 to 27th of April 2024 and 27th of April 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 Desarrolladora Homex SAB price movement. The serial correlation of 0.47 indicates that about 47.0% of current Desarrolladora Homex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Desarrolladora Homex SAB lagged returns against current returns
Autocorrelation, which is Desarrolladora Homex 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 Desarrolladora Homex's stock expected returns. We can calculate the autocorrelation of Desarrolladora Homex returns to help us make a trade decision. For example, suppose you find that Desarrolladora Homex 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 |
Desarrolladora Homex 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 Desarrolladora Homex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desarrolladora Homex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desarrolladora Homex stock over time.
Current vs Lagged Prices |
| Timeline |
Desarrolladora Homex Lagged Returns
When evaluating Desarrolladora Homex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desarrolladora Homex stock have on its future price. Desarrolladora Homex 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, Desarrolladora Homex autocorrelation shows the relationship between Desarrolladora Homex stock current value and its past values and can show if there is a momentum factor associated with investing in Desarrolladora Homex SAB.
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 Desarrolladora Stock
Desarrolladora Homex financial ratios help investors to determine whether Desarrolladora Stock 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 Desarrolladora with respect to the benefits of owning Desarrolladora Homex security.