Mi Homes Stock Market Value
| MHO Stock | USD 160.32 4.13 2.64% |
| Symbol | MHO |
MI Homes Price To Book Ratio
Is Household Durables 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 MI Homes. If investors know MHO 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 MI Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.058 | Earnings Share 18.62 | Revenue Per Share 153.475 | Quarterly Revenue Growth 0.092 | Return On Assets 0.0973 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' 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 MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' 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 MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.
MI Homes '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 MI Homes' 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 MI Homes.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in MI Homes on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding MI Homes or generate 0.0% return on investment in MI Homes over 30 days. MI Homes is related to or competes with TRI Pointe, Beazer Homes, Century Communities, Meritage, Taylor Morn, LGI Homes, and Hovnanian Enterprises. MI Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois,... More
MI Homes 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 MI Homes' 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 MI Homes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.69 |
MI Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MI Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MI Homes' standard deviation. In reality, there are many statistical measures that can use MI Homes historical prices to predict the future MI Homes' volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0273 |
MI Homes Backtested Returns
MI Homes retains Efficiency (Sharpe Ratio) of -0.0275, which conveys that the firm had a -0.0275% return per unit of price deviation over the last 3 months. MI Homes exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MI Homes' Standard Deviation of 2.23, mean deviation of 1.64, and Market Risk Adjusted Performance of 0.0373 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.13, which conveys a somewhat significant risk relative to the market. MI Homes returns are very sensitive to returns on the market. As the market goes up or down, MI Homes is expected to follow. At this point, MI Homes has a negative expected return of -0.0589%. Please make sure to verify MI Homes' standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if MI Homes performance from the past will be repeated sooner or later.
Auto-correlation | 0.42 |
Average predictability
MI Homes has average predictability. Overlapping area represents the amount of predictability between MI Homes time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 MI Homes price movement. The serial correlation of 0.42 indicates that just about 42.0% of current MI Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 21.77 |
MI Homes lagged returns against current returns
Autocorrelation, which is MI Homes 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 MI Homes' stock expected returns. We can calculate the autocorrelation of MI Homes returns to help us make a trade decision. For example, suppose you find that MI Homes 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 |
MI Homes 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 MI Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MI Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MI Homes stock over time.
Current vs Lagged Prices |
| Timeline |
MI Homes Lagged Returns
When evaluating MI Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MI Homes stock have on its future price. MI Homes 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, MI Homes autocorrelation shows the relationship between MI Homes stock current value and its past values and can show if there is a momentum factor associated with investing in MI Homes.
Regressed Prices |
| Timeline |
Pair Trading with MI Homes
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 MI Homes 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 MI Homes will appreciate offsetting losses from the drop in the long position's value.Moving together with MHO Stock
The ability to find closely correlated positions to MI Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MI Homes 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 MI Homes - 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 MI Homes to buy it.
The correlation of MI Homes 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 MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes 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 MI Homes 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 MI Homes Correlation, MI Homes Volatility and MI Homes Alpha and Beta module to complement your research on MI Homes. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
MI Homes 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.