Hometown International Stock Market Value
| HWIN Stock | USD 1.75 0.00 0.00% |
| Symbol | Hometown |
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hometown International. If investors know Hometown will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hometown International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hometown International is measured differently than its book value, which is the value of Hometown that is recorded on the company's balance sheet. Investors also form their own opinion of Hometown International's value that differs from its market value or its book value, called intrinsic value, which is Hometown International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hometown International's market value can be influenced by many factors that don't directly affect Hometown International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hometown International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hometown International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hometown International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hometown International '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 Hometown International'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 Hometown International.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Hometown International on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Hometown International or generate 0.0% return on investment in Hometown International over 30 days. Hometown International is related to or competes with Weis Markets, Natural Grocers, Ingles Markets, and Grocery Outlet. Hometown International, Inc. focuses on developing and marketing biodegradable resins More
Hometown International 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 Hometown International'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 Hometown International upside and downside potential and time the market with a certain degree of confidence.
Hometown International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hometown International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hometown International's standard deviation. In reality, there are many statistical measures that can use Hometown International historical prices to predict the future Hometown International's volatility.Hometown International Backtested Returns
We have found three technical indicators for Hometown International, 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 Hometown International are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Hometown International has no correlation between past and present. Overlapping area represents the amount of predictability between Hometown International time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th 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 Hometown International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hometown International 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 |
Hometown International lagged returns against current returns
Autocorrelation, which is Hometown International 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 Hometown International's stock expected returns. We can calculate the autocorrelation of Hometown International returns to help us make a trade decision. For example, suppose you find that Hometown International 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 |
Hometown International 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 Hometown International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hometown International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hometown International stock over time.
Current vs Lagged Prices |
| Timeline |
Hometown International Lagged Returns
When evaluating Hometown International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hometown International stock have on its future price. Hometown International 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, Hometown International autocorrelation shows the relationship between Hometown International stock current value and its past values and can show if there is a momentum factor associated with investing in Hometown International.
Regressed Prices |
| Timeline |
Pair Trading with Hometown International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hometown International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hometown International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hometown International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hometown International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hometown International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hometown International to buy it.
The correlation of Hometown International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hometown International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hometown International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hometown International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Hometown International Correlation, Hometown International Volatility and Hometown International Alpha and Beta module to complement your research on Hometown International. To learn how to invest in Hometown Stock, please use our How to Invest in Hometown International guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Hometown International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.